XML 29 R12.htm IDEA: XBRL DOCUMENT
v3.21.1

Property, Equipment and Leaseholds | 12 Months Ended
--- | ---
Dec. 31, 2020
Property, Plant and Equipment [Abstract] |
Property, Equipment and Leaseholds | 6. Property, Equipment and Leaseholds
|  | 2020 |  |  | Accumulated |  |  | 2020 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 4,798,370 |  |  | $ | 2,836,142 |  |  | $ | 1,962,228 |
Automobiles |  |  | 180,956 |  |  |  | 61,266 |  |  |  | 119,690 |
Computer hardware |  |  | 43,593 |  |  |  | 41,957 |  |  |  | 1,636 |
Furniture and fixtures |  |  | 111,145 |  |  |  | 101,186 |  |  |  | 9,959 |
Office equipment |  |  | 1,864 |  |  |  | 971 |  |  |  | 893 |
Manufacturing equipment |  |  | 6,154,425 |  |  |  | 3,573,748 |  |  |  | 2,580,677 |
Trailer |  |  | 9,422 |  |  |  | 6,675 |  |  |  | 2,747 |
Boat |  |  | 34,400 |  |  |  | 24,255 |  |  |  | 10,145 |
Leasehold improvements |  |  | 88,872 |  |  |  | 87,205 |  |  |  | 1,667 |
Technology |  |  | 107,295 |  |  |  | 107,295 |  |  |  | — |
Land |  |  | 452,399 |  |  |  | — |  |  |  | 452,399 |
|  | $ | 11,982,741 |  |  | $ | 6,840,700 |  |  | $ | 5,142,041 |
|  | 2019 |  |  | Accumulated |  |  | 2019 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 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 2020: $659,233 (2019: $427,826) and is included in cost of sales in the consolidated statements of income and comprehensive income. During the year, equipment with a cost of $79,517 and accumulated depreciation of $64,218 was disposed for proceeds of $24,789. The Company recognized a gain of $9,490 on the disposal.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration