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v3.20.2

Property, Plant & Equipment | 6 Months Ended
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Jun. 30, 2020
Property, Plant and Equipment [Abstract] |
Property, Plant & Equipment | 6. Property, Plant & equipment
|  | June 30, 2020 |  |  | Accumulated |  |  | June 30, 2020 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings |  | $ | 3,638,204 |  |  | $ | 2,660,118 |  |  | $ | 978,086 |
Automobiles |  |  | 163,397 |  |  |  | 109,401 |  |  |  | 53,996 |
Computer hardware |  |  | 43,417 |  |  |  | 41,519 |  |  |  | 1,898 |
Furniture and fixtures |  |  | 110,895 |  |  |  | 98,871 |  |  |  | 12,024 |
Manufacturing equipment |  |  | 6,155,714 |  |  |  | 3,236,036 |  |  |  | 2,919,678 |
Boat |  |  | 34,400 |  |  |  | 22,987 |  |  |  | 11,413 |
Office equipment |  |  | 1,741 |  |  |  | 803 |  |  |  | 938 |
Trailer |  |  | 8,803 |  |  |  | 5,687 |  |  |  | 3,116 |
Leasehold Improvements |  |  | 88,872 |  |  |  | 77,888 |  |  |  | 10,984 |
Land |  |  | 353,053 |  |  |  | - |  |  |  | 353,053 |
Technology |  |  | 100,245 |  |  |  | 100,245 |  |  |  | - |
|  | $ | 10,698,741 |  |  | $ | 6,353,555 |  |  | $ | 4,345,186 |
|  | December 31, 2019 |  |  | Accumulated |  |  | December 31, 2019 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings |  | $ | 3,614,057 |  |  | $ | 2,619,914 |  |  | $ | 994,143 |
Automobiles |  |  | 163,397 |  |  |  | 94,789 |  |  |  | 68,608 |
Computer hardware |  |  | 43,540 |  |  |  | 41,233 |  |  |  | 2,307 |
Furniture and fixtures |  |  | 108,906 |  |  |  | 97,030 |  |  |  | 11,876 |
Office equipment |  |  | 1,827 |  |  |  | 733 |  |  |  | 1,094 |
Manufacturing equipment |  |  | 5,634,255 |  |  |  | 3,106,526 |  |  |  | 2,527,729 |
Trailer |  |  | 9,236 |  |  |  | 5,389 |  |  |  | 3,847 |
Boat |  |  | 34,400 |  |  |  | 21,719 |  |  |  | 12,681 |
Leasehold improvements |  |  | 88,872 |  |  |  | 68,571 |  |  |  | 20,301 |
Technology |  |  | 105,177 |  |  |  | 105,177 |  |  |  | — |
Land |  |  | 363,090 |  |  |  | — |  |  |  | 363,090 |
|  | $ | 10,166,757 |  |  | $ | 6,161,081 |  |  | $ | 4,005,676 |
Amount of depreciation expense for six months ended June 30, 2020: $281,282 (2019: $297,746) and is included in cost of sales in the unaudited interim condensed consolidated statements of income and comprehensive income.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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