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Property, equipment and vehicles | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, equipment and vehicles | 4. Property, equipment and vehicles Schedule of Property and Equipment
Cost: |  | Land |  |  | Plant |  |  | Equipment |  |  | Vehicles |  |  | Total |
Balance, December 31,2022 |  |  |  |  |  |  |  |  |  |  | 18,684,800 |  |  |  | 133,308 |  |  |  | 18,818,108 |
Additions |  |  | 1,208,949 |  |  |  | 2,132,511 |  |  |  | 5,909,078 |  |  |  |  |  |  |  | 9,250,538 |
Disposals |  |  |  |  |  |  |  |  |  |  | -7,364,650 |  |  |  |  |  |  |  | -7,364,650 |
Balance, December 31,2023 |  |  | 1,208,949 |  |  |  | 2,132,511 |  |  |  | 17,229,228 |  |  |  | 133,308 |  |  |  | 20,703,996 |
Balance |  |  | 1,208,949 |  |  |  | 2,132,511 |  |  |  | 17,229,228 |  |  |  | 133,308 |  |  |  | 20,703,996 |
Additions |  |  | 687,343 | (1) |  |  | 252,176 |  |  |  | 1,657,565 |  |  |  |  |  |  |  | 2,597,084 |
Balance, December 31,2024 |  |  | 1,896,292 |  |  |  | 2,384,687 |  |  |  | 18,886,793 |  |  |  | 133,308 |  |  |  | 23,301,080 |
Balance |  |  | 1,896,292 |  |  |  | 2,384,687 |  |  |  | 18,886,793 |  |  |  | 133,308 |  |  |  | 23,301,080 |
Depreciation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December31,2022 |  |  |  |  |  |  |  |  |  |  | 6,228,200 |  |  |  | 36,500 |  |  |  | 6,264,700 |
Charge for the year |  |  |  |  |  |  | 71,907 |  |  |  | 322,269 |  |  |  | 48,603 |  |  |  | 442,779 |
Acc.depn on disposals |  |  |  |  |  |  |  |  |  |  | 4,532,185 |  |  |  |  |  |  |  | 4,532,185 |
Balance, December 31,2023 |  |  |  |  |  |  | 71,907 |  |  |  | 11,082,654 |  |  |  | 85,103 |  |  |  | 11,239,664 |
Balance |  |  |  |  |  |  | 71,907 |  |  |  | 11,082,654 |  |  |  | 85,103 |  |  |  | 11,239,664 |
Charge for the year |  |  |  |  |  |  | 454,171 |  |  |  | 2,135,235 |  |  |  | 36,102 |  |  |  | 2,625,508 |
Balance, December 31,2024 |  |  |  |  |  |  | 526,078 |  |  |  | 13,217,889 |  |  |  | 121,205 |  |  |  | 13,865,172 |
Balance |  |  |  |  |  |  | 526,078 |  |  |  | 13,217,889 |  |  |  | 121,205 |  |  |  | 13,865,172 |
Net book value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance,December 31,2022 |  |  | - |  |  |  | - |  |  |  | 12,456,600 |  |  |  | 96,808 |  |  |  | 12,553,408 |
Balance, December 31,2023 |  |  | 1,208,949 |  |  |  | 2,060,604 |  |  |  | 6,146,573 |  |  |  | 48,206 |  |  |  | 9,464,332 | (2)
Balance, December 31,2024 |  |  | 1,896,292 |  |  |  | 1,858,609 |  |  |  | 5,668,903 |  |  |  | 12,104 |  |  |  | 9,435,908 |
Balance |  |  | 1,896,292 |  |  |  | 1,858,609 |  |  |  | 5,668,903 |  |  |  | 12,104 |  |  |  | 9,435,908 |
(1) | The additions to property of $ 687,343 represent the acquisition cost of the Wisconsin property which is awaiting rezoning approvals for development as a mining center.
(2) | The difference from the balance at the end of 2023 is $1,235, which is caused by a different depreciation method from the reclassification of a $24,700 fixed asset.
ABITS GROUP INC NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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