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PROPERTY, EQUIPMENT AND LEASEHOLDS | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
PROPERTY, EQUIPMENT AND LEASEHOLDS | 6. PROPERTY, EQUIPMENT AND LEASEHOLDS SCHEDULE OF PROPERTY, EQUIPMENT AND LEASEHOLDS
|  | 2023 |  |  | Accumulated |  |  | 2023 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 12,341,605 |  |  | $ | 3,896,887 |  |  | $ | 8,444,718 |
Automobiles |  |  | 196,255 |  |  |  | 140,040 |  |  |  | 56,215 |
Computer hardware |  |  | 43,493 |  |  |  | 43,123 |  |  |  | 370 |
Office equipment |  |  | 134,130 |  |  |  | 121,925 |  |  |  | 12,205 |
Manufacturing equipment |  |  | 10,008,395 |  |  |  | 5,791,615 |  |  |  | 4,216,780 |
Trailers |  |  | 9,071 |  |  |  | 8,164 |  |  |  | 907 |
Land |  |  | 440,592 |  |  |  | — |  |  |  | 440,592 |
Leasehold improvements |  |  | 88,872 |  |  |  | 88,872 |  |  |  | — |
Technology |  |  | 103,292 |  |  |  | 103,292 |  |  |  | — |
|  | $ | 23,365,705 |  |  | $ | 10,193,918 |  |  | $ | 13,171,787 |
|  | 2022 |  |  | Accumulated |  |  | 2022 |
|  | Cost |  |  | Depreciation |  |  | Net |
Buildings and improvements |  | $ | 8,775,629 |  |  | $ | 3,310,920 |  |  | $ | 5,464,709 |
Automobiles |  |  | 196,255 |  |  |  | 107,055 |  |  |  | 89,200 |
Computer hardware |  |  | 43,432 |  |  |  | 42,663 |  |  |  | 769 |
Office equipment |  |  | 133,280 |  |  |  | 112,782 |  |  |  | 20,498 |
Manufacturing equipment |  |  | 8,634,063 |  |  |  | 4,891,736 |  |  |  | 3,742,327 |
Trailers |  |  | 8,857 |  |  |  | 7,592 |  |  |  | 1,265 |
Boat |  |  | 34,400 |  |  |  | 27,907 |  |  |  | 6,493 |
Leasehold improvements |  |  | 88,872 |  |  |  | 88,872 |  |  |  | — |
Technology |  |  | 100,860 |  |  |  | 100,860 |  |  |  | — |
Land |  |  | 384,027 |  |  |  | — |  |  |  | 384,027 |
|  | $ | 18,399,675 |  |  | $ | 8,690,387 |  |  | $ | 9,709,288 |
Amount of depreciation expense for 2023 was: $1,526,319 (2022 - $1,103,732) and is included in cost of sales in the consolidated statements of income and comprehensive income. In 2023, the Company sold the boat and $4,589 was recognized as a gain on sales of asset in the consolidated statements of income and comprehensive income.

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