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v3.19.1

Property, Equipment and Leaseholds | 12 Months Ended
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Dec. 31, 2018
Property, Plant and Equipment [Abstract] |
Property, Equipment and Leaseholds |
6. | Property, Equipment and Leaseholds
|  | 2018 |  |  | Accumulated |  |  | 2018 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 3,516,710 |  |  | $ | 2,523,148 |  |  | $ | 993,562 |
Automobiles |  |  | 193,397 |  |  |  | 74,753 |  |  |  | 118,644 |
Computer hardware |  |  | 43,414 |  |  |  | 40,226 |  |  |  | 3,188 |
Furniture and fixtures |  |  | 105,494 |  |  |  | 93,087 |  |  |  | 12,407 |
Office equipment |  |  | 1,740 |  |  |  | 438 |  |  |  | 1,302 |
Manufacturing equipment |  |  | 3,859,653 |  |  |  | 2,838,344 |  |  |  | 1,021,309 |
Trailer |  |  | 8,793 |  |  |  | 3,561 |  |  |  | 5,232 |
Boat |  |  | 34,400 |  |  |  | 18,548 |  |  |  | 15,852 |
Leasehold improvements |  |  | 88,872 |  |  |  | 49,937 |  |  |  | 38,935 |
Technology |  |  | 100,136 |  |  |  | 100,136 |  |  |  | — |
Land |  |  | 352,830 |  |  |  | — |  |  |  | 352,830 |
|  | $ | 8,305,439 |  |  | $ | 5,742,178 |  |  | $ | 2,563,261 |
|  | 2017 |  |  | Accumulated |  |  | 2017 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 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 2018: $326,123 (2017: $270,178) and is included in cost of sales in the consolidated statements of income and comprehensive income. In February of 2017, the Company lost a net carrying value total of $2,196,722CAD ($1,659,404 USD) in building and manufacturing equipment in a fire at the Taber, AB location. Insurance was in place. During the year ended December 31, 2018 the Company received the final insurance proceeds of $3,132,666 CAD ($2,349,498 USD). During the year ended 2017, the Company received interim insurance proceeds of $5,570,000 CAD ($4,207,578 USD).

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- References No definition available. + Details
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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