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Property, Plant & Equipment

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment

5.	Property, Plant & equipment

		March 31, 2018				Accumulated				March 31, 2018
		Cost				Depreciation				Net
Buildings		$	3,394,428			$	2,433,501			$	960,927
Computer hardware			40,904				39,511				1,393
Furniture and fixtures			17,673				11,481				6,192
Manufacturing equipment			2,596,260				2,128,427				467,833
Boat			34,400				15,576				18,824
Office equipment			1,440				209				1,231
Trailer			9,304				1,989				7,315
Leasehold Improvements			85,432				36,778				48,654
Land			364,675				-				364,675
Technology			105,956				105,956				-
		$	6,650,472			$	4,773,428			$	1,877,044

		December 31, 2017				Accumulated				December 31, 2017
		Cost				Depreciation				Net
Buildings		$	3,400,792			$	2,409,179			$	991,613
Computer hardware			40,904				39,398				1,506
Furniture and fixtures			17,673				11,156				6,517
Office equipment			1,480				148				1,332
Manufacturing equipment			2,590,158				2,104,137				486,021
Trailer			9,562				1,434				8,128
Boat			34,400				14,586				19,814
Leasehold improvements			85,432				32,506				52,926
Technology			101,748				101,748				-
Land			370,652				-				370,652
		$	6,652,801			$	4,714,292			$	1,938,509

Amount of depreciation expense for three months ended March 31, 2018: $55,590 (2017: $76,265) and is included in cost of sales in the unaudited interim condensed consolidated statements of income and comprehensive income (loss).

In February 2017, the Company lost a net carrying value total of $2,196,722CAD ($1,659,404USD) in building and manufacturing equipment in a fire at the Taber, AB location. Insurance was in place. During the quarter ended March 31, 2017, the Company was approved for interim insurance proceeds of $5,570,000CAD ($4,207,578USD). Subsequent to the quarter ended March 31, 2018, the Company was approved for and received a final insurance payment of $3,132,666CAD ($2,429,695USD).