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EQUIPMENT

12 Months Ended

Dec. 31, 2021

12. EQUIPMENT

	Computer Equipment		Furniture and Equipment		Leasehold Improvements		Software		Vehicles			Total
Cost
Balance at January 1, 2020	$	7,000	$	142,173	$	-	$	29,967	$	-		$	179,140
Additions		2,028		21,860		-		-		-			23,888
Net assets acquired in the Transaction		15,369		7,573		4,352		-		27,652			54,946
Balance at December 31, 2020	$	24,397	$	171,606	$	4,352	$	29,967	$	27,652		$	257,974
Property, plant and equipment, beginning balance	$	24,397	$	171,606	$	4,352	$	29,967	$	27,652		$	257,974
Additions		29,713		170,866		-		-		12,000			212,579
Revaluation		-		-		-		-		(3,619	)		(3,619	)
Balance at December 31, 2021	$	54,110	$	342,472	$	4,352	$	29,967	$	36,033		$	466,934
Property, plant and equipment, ending balance	$	54,110	$	342,472	$	4,352	$	29,967	$	36,033		$	466,934

Accumulated depreciation
Balance at January 1, 2020	$	6,761	$	37,944	$	-	$	19,294	$	-		$	63,999
Charge for the year		5,631		22,019		3,220		3,202		6,033			40,105
Balance at December 31, 2020	$	12,392	$	59,963	$	3,220	$	22,496	$	6,033		$	104,104
Accumulated depreciation Property, plant and equipment, beginning balance	$	12,392	$	59,963	$	3,220	$	22,496	$	6,033		$	104,104
Charge for the year		12,899		42,314		1,132		2,241		7,201			65,787
Balance at December 31, 2021	$	25,291	$	102,277	$	4,352	$	24,737	$	13,234		$	169,891
Accumulated depreciation Property, plant and equipment, ending balance	$	25,291	$	102,277	$	4,352	$	24,737	$	13,234		$	169,891

Net book value:
December 31, 2020	$	12,005	$	111,643	$	1,132	$	7,471	$	21,619		$	153,870
December 31, 2021	$	28,819	$	240,195	$	-	$	5,230	$	22,799		$	297,043
Property, plant and equipment	$	28,819	$	240,195	$	-	$	5,230	$	22,799		$	297,043

Draganfly Inc.

Notes to the Consolidated Financial Statements

For The Year Ended December 31, 2021

Expressed in Canadian Dollars