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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

 

   Equipment not
ready for use		   Leasehold
improvements		   Machinery and
equipment		   Office
equipment		   Total 
Cost                    
Balance, January 1, 2022  $-   $117,115   $4,830,020   $183,269   $5,130,404 
Additions, net of returns   1,902,713    -    1,087,414    21,435    3,011,562 
Reclassification   (141,702)   -    162,917    (21,215)   - 
Effect of changes in foreign exchange rates   54,898    6,544    11,270    (5,587)   67,125 
Balance, December 31, 2022   1,815,909    123,659    6,091,621    177,902    8,209,091 
Additions, net of returns   206,018    -    949,551    12,384    1,167,953 
Reclassification   (2,013,090)   -    2,013,090    -    - 
Effect of changes in foreign exchange rates   (8,837)   597    41,246    5,560    38,566 
Balance, December 31, 2023   -    124,256    9,095,508    195,846    9,415,610 
Additions   8,893,033    613,192    668,857    6,131    10,181,213 
Reclassification   -    -    -    -    - 
Disposals   -    -    (17,221)   -    (17,221)
Effect of changes in foreign exchange rates   (182,884)   (7,925)   (109,759)   (2,904)   (303,472)
Balance, December 31, 2024   8,710,149    729,523    9,637,385    199,073    19,276,130 
                          
Accumulated Depreciation                         
Balance, January 1, 2022   -    29,526    1,930,726    105,918    2,066,170 
Depreciation for the year   -    24,079    1,000,085    30,100    1,054,264 
Effect of changes in foreign exchange rates   -    2,529    27,727    (12,106)   18,150 
Balance, December 31, 2022   -    56,134    2,958,538    123,912    3,138,584 
Depreciation for the year   -    24,684    1,600,981    28,133    1,653,798 
Effect of changes in foreign exchange rates   -    -    -    -    - 
Balance, December 31, 2023   -    80,818    4,559,519    152,045    4,792,382 
Depreciation for the year   -    24,802    1,664,712    24,172    1,713,686 
Disposals   -    -    12,380    -    12,380 
Balance, December 31, 2024   -    105,620    6,236,611    176,217    6,518,448 

 

 

POET TECHNOLOGIES INC.

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

 

 

6. PROPERTY AND EQUIPMENT (Continued)

 

Carrying Amounts                    
At December 31, 2022  $1,815,909   $67,525   $3,133,083   $53,990   $5,070,507 
At December 31, 2023  $-   $43,438   $4,535,989   $43,801   $4,623,228 
At December 31, 2024  $8,710,149   $623,903   $3,400,774   $22,856   $12,757,682