XML 38 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

PROPERTY, EQUIPMENT AND LEASEHOLDS | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2022 | Dec. 31, 2021
Property, Plant and Equipment [Abstract] |  |
PROPERTY, EQUIPMENT AND LEASEHOLDS | 6. Property, equipment & leaseholds PROPERTY, EQUIPMENT AND LEASEHOLDS SCHEDULE OF PROPERTY, EQUIPMENT AND LEASEHOLDS
|  | March 31, 2022 |  |  | Accumulated |  |  | March 31, 2022 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 4,870,778 |  |  | $ | 3,018,920 |  |  | $ | 1,851,858 |
Automobiles |  |  | 196,255 |  |  |  | 80,207 |  |  |  | 116,048 |
Computer hardware |  |  | 43,644 |  |  |  | 42,571 |  |  |  | 1,073 |
Furniture and fixtures |  |  | 130,714 |  |  |  | 108,421 |  |  |  | 22,293 |
Office equipment |  |  | 1,899 |  |  |  | 1,208 |  |  |  | 691 |
Manufacturing equipment |  |  | 6,999,195 |  |  |  | 4,314,689 |  |  |  | 2,684,506 |
Trailer |  |  | 9,601 |  |  |  | 7,788 |  |  |  | 1,813 |
Boat |  |  | 34,400 |  |  |  | 26,690 |  |  |  | 7,710 |
Leasehold improvements |  |  | 88,872 |  |  |  | 88,872 |  |  |  | — |
Technology |  |  | 109,370 |  |  |  | 109,370 |  |  |  | — |
Land |  |  | 234,027 |  |  |  | — |  |  |  | 234,027 |
|  | $ | 12,718,755 |  |  | $ | 7,798,736 |  |  | $ | 4,920,019 |
|  | December 31, 2021 |  |  | Accumulated |  |  | December 31, 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 |
Amount of depreciation expense for the three months ended March 31, 2022: $188,378 (2021: $184,855) and is included in cost of sales in the unaudited interim condensed consolidated statements of income and comprehensive income. | 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.

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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration