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PROPERTY, EQUIPMENT AND LEASEHOLDS | 12 Months Ended
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Dec. 31, 2021
Property, Plant and Equipment [Abstract] |
PROPERTY, EQUIPMENT AND LEASEHOLDS | 6. Property, Equipment and Leaseholds PROPERTY, EQUIPMENT AND LEASEHOLDS SCHEDULE OF PROPERTY, EQUIPMENT AND LEASEHOLDS
|  | 2021 |  |  | Accumulated |  |  | 2021 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 4,823,708 |  |  | $ | 2,983,589 |  |  | $ | 1,840,119 |
Automobiles |  |  | 196,255 |  |  |  | 71,258 |  |  |  | 124,997 |
Computer hardware |  |  | 43,605 |  |  |  | 42,456 |  |  |  | 1,149 |
Furniture and fixtures |  |  | 130,658 |  |  |  | 106,101 |  |  |  | 24,557 |
Office equipment |  |  | 1,872 |  |  |  | 1,155 |  |  |  | 717 |
Manufacturing equipment |  |  | 6,867,799 |  |  |  | 4,171,699 |  |  |  | 2,696,100 |
Trailer |  |  | 9,463 |  |  |  | 7,532 |  |  |  | 1,931 |
Boat |  |  | 34,400 |  |  |  | 26,284 |  |  |  | 8,116 |
Leasehold improvements |  |  | 88,872 |  |  |  | 88,872 |  |  |  | — |
Technology |  |  | 107,759 |  |  |  | 107,759 |  |  |  | — |
Land |  |  | 234,027 |  |  |  | — |  |  |  | 234,027 |
|  | $ | 12,538,418 |  |  | $ | 7,606,705 |  |  | $ | 4,931,713 |
|  | 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 |
Amount of depreciation expense for 2021: $773,497 (2020: $659,233) and is included in cost of sales in the consolidated statements of income and comprehensive income. During the year ended December 31, 2021, 3.3 acres of cleared and undeveloped land in Taber, AB Canada was disposed of for proceeds of $263,380 ($333,899CAD). With a cost of $219,318 ($278,040CAD) the Company recognized a gain of $44,330 ($55,859CAD) on the disposal. During the year ended December 31, 2020, 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.

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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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