XML 37 R16.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

9. Property, Plant and Equipment

Cost	Land		Plant and equipment			Leasehold Improvements			Motor Vehicles			Computers			Furniture and fixtures			Capital work-in- progress			Total
Balance, December 31, 2021	$	—	$	590,011		$	1,089,694		$	47,623		$	10,124		$	4,695		$	464,253		$	2,206,400
Acquisitions (note 4)		872,336		11,817,462			—			89,513			32,703			124,360			—			12,936,374
Additions		—		108,933			66,110			10,489			13,348			3,435			108,631			310,946
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.		—		(663,404	)		(1,088,572	)		(54,767	)		(14,851	)		(5,436	)		(437,117	)		(2,264,147	)
Foreign exchange movements		12,901		282,219			(67,232	)		(603	)		1,115			2,181			(135,767	)		94,814
Balance, December 31, 2022		885,237		12,135,221			—			92,255			42,439			129,235			—			13,284,387
Additions		—		—			1,490			—			408			37			—			1,935
Foreign exchange movements		15,382		255,388			40			3,270			3,443			3,168			—			280,691
Balance, June 30, 2023	$	900,619	$	12,390,609		$	1,530		$	95,525		$	46,290		$	132,440		$	—		$	13,567,013

Accumulated depreciation	Land		Plant and equipment			Leasehold Improvements			Motor Vehicles			Computers			Furniture and fixtures			Capital work-in- progress		Total
Balance, December 31, 2021	$	—	$	174,854		$	108,623		$	23,505		$	1,206		$	464		$	—	$	308,652
Depreciation		—		972,872			—			27,883			22,942			13,490			—		1,037,187
Depreciation – Bophelo		—		32,549			49,538			6,577			20,832			463			—		109,959
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.		—		(195,441	)		(149,161	)		(28,357	)		(2,877	)		(876	)		—		(376,712	)
Foreign exchange movements		—		68,415			(9,000	)		911			(15,759	)		1,230			—		45,797
Balance, December 31, 2022		—		1,053,249			—			30,519			26,344			14,771			—		1,124,883
Depreciation		—		771,232			149			19,594			8,629			10,656			—		810,260
Foreign exchange movements		—		68,383			4			2,339			3,097			1,211			—		75,034
Balance, June 30, 2023	$	—	$	1,892,864		$	153		$	52,452		$	38,070		$	26,638		$	—	$	2,010,177

Net book value	Land		Plant and equipment		Leasehold Improvements		Motor Vehicles		Computers		Furniture and fixtures		Capital work-in- progress		Total
Balance, December 31, 2022	$	885,237	$	11,081,972	$	—	$	61,736	$	16,095	$	114,464	$	—	$	12,159,504
Balance, June 30, 2023	$	900,619	$	10,497,745	$	1,377	$	43,073	$	8,220	$	105,802	$	—	$	11,556,836

During the year ended December 31, 2022, the Company derecognized property, plant and equipment with a net book value of $1,887,435 in connection with the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd. During the year ended December 31, 2021, the Company’s capital work in progress related to the ongoing civil, gravelling, storm drainage work on site, as well as the construction of hoop houses and a Cravo A-Frame style greenhouse for future medical cannabis cultivation in Bophelo, Lesotho, which was derecognized at December 31, 2022 as a result of the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd (note 5).

During the six months ended June 30, 2023, the Company recorded depreciation of its property, plant and equipment of $810,260 (2022 — $372,723) of which $nil (2022 — $115,890) related to the operations of Bophelo Bio Science and Wellness (Pty) Ltd was recorded within discontinued operations.

9. Property, Plant and Equipment

Cost	Land		Plant and equipment			Leasehold Improvements			Motor Vehicles			Computers			Furniture and fixtures			Capital work-in- progress			Total
Balance, December 31, 2020	$	—	$	586,360		$	293,437		$	36,998		$	—		$	—		$	883,145		$	1,799,940
Additions		—		53,808			493,136			14,214			10,427			4,887			—			576,472
Reclassifications		—		—			360,695			—			—			—			(360,695	)		—
Foreign exchange movements		—		(50,157	)		(57,574	)		(3,589	)		(303	)		(192	)		(58,197	)		(170,012	)
Balance, December 31, 2021	$	—	$	590,011		$	1,089,694		$	47,623		$	10,124		$	4,695		$	464,253		$	2,206,400
Acquisitions (note 4)		872,336		11,817,462			—			89,513			32,703			124,360			—			12,936,374
Additions		—		108,933			66,110			10,489			13,348			3,435			108,631			310,946
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.		—		(663,404	)		(1,088,572	)		(54,767	)		(14,851	)		(5,436	)		(437,117	)		(2,264,147	)
Foreign exchange movements		12,901		282,219			(67,232	)		(603	)		1,115			2,181			(135,767	)		94,814
Balance, December 31, 2022	$	885,237	$	12,135,221		$	—		$	92,255		$	42,439		$	129,235		$	—		$	13,284,387

Accumulated depreciation	Land		Plant and equipment			Leasehold Improvements			Motor Vehicles			Computers			Furniture and fixtures			Capital work-in- progress		Total
Balance, December 31, 2020	$	—	$	123,710		$	36,324		$	13,874		$	—		$	—		$	—	$	173,908
Depreciation		—		63,785			78,352			11,208			1,245			483			—		155,073
Foreign exchange movements		—		(12,641	)		(6,053	)		(1,577	)		(39	)		(19	)		—		(20,329	)
Balance, December 31, 2021	$	—	$	174,854		$	108,623		$	23,505		$	1,206		$	464		$	—	$	308,652
Depreciation		—		972,872			—			27,883			22,942			13,490			—		1,037,187
Depreciation – Bophelo		—		32,549			49,538			6,577			20,832			463			—		109,959
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.		—		(195,441	)		(149,161	)		(28,357	)		(2,877	)		(876	)		—		(376,712	)
Foreign exchange movements		—		68,415			(9,000	)		911			(15,759	)		1,230			—		45,797
Balance, December 31, 2022	$	—	$	1,053,249		$	—		$	30,519		$	26,344		$	14,771		$	—	$	1,124,883

Net book value	Land		Plant and equipment		Leasehold Improvements		Motor Vehicles		Computers		Furniture and fixtures		Capital work-in- progress		Total
Balance, December 31, 2021	$	—	$	415,157	$	981,071	$	24,118	$	8,918	$	4,231	$	464,253	$	1,897,748
Balance, December 31, 2022	$	885,237	$	11,081,972	$	—	$	61,736	$	16,095	$	114,464	$	—	$	12,159,504

As at December 31, 2022, the Company derecognized property, plant and equipment with a net book value of $1,887,435 in connection with the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd. As at December 31, 2021, the Company’s capital work in progress related to the ongoing civil, gravelling, storm drainage work on site, as well as the construction of hoop houses and a Cravo A-Frame style greenhouse for future medical cannabis cultivation in Bophelo, Lesotho, which was derecognized at December 31, 2022 as a result of the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd (note 5).

During the year ended December 31, 2022, the Company recorded depreciation of its property, plant and equipment of $1,147,146 (2021 — $155,073) of which $109,959 (2021 — $154,595) related to the operations of Bophelo Bio Science and Wellness (Pty) Ltd was recorded within discontinued operations.

6. Property and equipment

Cost	Plant and equipment			Leasehold Improvements			Motor Vehicles			Computers			Furniture and fixtures			Capital work-in- progress			Total
Balance, December 31, 2019	$	449,044		$	304,770		$	38,427		$	—		$	—		$	616,377		$	1,408,618
Additions		172,369			—			—			—			—			266,768			439,137
Write-offs		(23,748	)		—			—			—			—			—			(23,748	)
Foreign exchange movements		(11,305	)		(11,333	)		(1,429	)		—			—			—			(24,067	)
Balance, December 31, 2020	$	586,360		$	293,437		$	36,998		$	—		$	—		$	883,145		$	1,799,940
Additions		53,808			493,136			14,214			10,427			4,887			—			576,472
Reclassifications		—			360,695			—			—			—			(360,695	)		—
Foreign exchange movements		(50,157	)		(57,574	)		(3,589	)		(303	)		(192	)		(58,197	)		(170,012	)
Balance, December 31, 2021	$	590,011		$	1,089,694		$	47,623		$	10,124		$	4,695		$	464,253		$	2,206,400

Accumulated depreciation	Plant and equipment			Leasehold Improvements			Motor Vehicles			Computers			Furniture and fixtures			Capital work-in- progress		Total
Balance, December 31, 2019	$	67,113		$	22,489		$	4,803		$	—		$	—		$	—	$	94,405
Depreciation		60,212			14,950			9,425			—			—			—		84,587
Foreign exchange movements		(3,615	)		(1,115	)		(354	)		—			—			—		(5,084	)
Balance, December 31, 2020	$	123,710		$	36,324		$	13,874		$	—		$	—		$	—	$	173,908
Depreciation		63,785			78,352			11,208			1,245			483			—		155,073
Foreign exchange movements		(12,641	)		(6,053	)		(1,577	)		(39	)		(19	)		—		(20,329	)
Balance, December 31, 2021	$	174,854		$	108,623		$	23,505		$	1,206		$	464		$	—	$	308,652

Net book value	Plant and equipment		Leasehold Improvements		Motor Vehicles		Computers		Furniture and fixtures		Capital work-in- progress		Total
Balance, December 31, 2020	$	462,650	$	257,113	$	23,124	$	—	$	—	$	883,145	$	1,626,032
Balance, December 31, 2021	$	415,157	$	981,071	$	24,118	$	8,918	$	4,231	$	464,253	$	1,897,748

As at December 31, 2021 and 2020 the Company’s Capital work in progress relate to the ongoing civil, gravelling, storm drainage work on site, as well as the construction of hoop houses and a Cravo A-Frame style greenhouse for future medical cannabis cultivation in Bophelo Bio Science in Lesotho.

The Company considered indicators of impairment at December 31, 2021 and 2020. The Company did not record any impairment loss during the year ended December 31, 2021 (2020 — $23,748, 2019 — nil).