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Property, Plant & Equipment | 3 Months Ended
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Mar. 31, 2021
Property, Plant and Equipment [Abstract] |
Property, Plant & Equipment | 6. Property, Plant & equipment
|  | March 31, 2021 |  |  | Accumulated |  |  | March 31, 2021 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 4,799,742 |  |  | $ | 2,873,647 |  |  | $ | 1,926,095 |
Automobiles |  |  | 180,956 |  |  |  | 69,450 |  |  |  | 111,506 |
Computer hardware |  |  | 43,609 |  |  |  | 42,090 |  |  |  | 1,519 |
Furniture and fixtures |  |  | 111,167 |  |  |  | 102,043 |  |  |  | 9,124 |
Office equipment |  |  | 1,875 |  |  |  | 1,022 |  |  |  | 853 |
Manufacturing equipment |  |  | 6,252,435 |  |  |  | 3,715,223 |  |  |  | 2,537,212 |
Trailer |  |  | 9,476 |  |  |  | 6,920 |  |  |  | 2,556 |
Boat |  |  | 34,400 |  |  |  | 24,762 |  |  |  | 9,638 |
Leasehold improvements |  |  | 88,872 |  |  |  | 87,705 |  |  |  | 1,167 |
Technology |  |  | 107,909 |  |  |  | 107,909 |  |  |  | — |
Land |  |  | 453,651 |  |  |  | — |  |  |  | 453,651 |
|  | $ | 12,084,092 |  |  | $ | 7,030,771 |  |  | $ | 5,053,321 |
|  | December 31, 2020 |  |  | Accumulated |  |  | December 31, 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 |
Amount of depreciation expense for the three months ended March 31, 2021: $184,855 (2020: $99,948) 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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