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Right-of-Use Assets
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Right-of-Use Assets [Abstract]      
Right-of-use Assets

10.    Right-of-use Assets

On August 1, 2022, the Company entered into a lease agreement for an office space with a monthly lease payment of $20,000 over a period of two years. The right-of-use assets recognized was measured at an amount equal to the recognized lease liabilities (note 13).

The details of the right-of-use assets recognized as at June 30, 2023 are as follows:

 

Land lease

  

Office lease

  

Total

Balance, December 31, 2021

  

$

1,908,877

 

  

$

—

 

  

$

1,908,877

 

Additions

  

 

—

 

  

 

432,335

 

  

 

432,335

 

Amortization

  

 

—

 

  

 

(88,764

)

  

 

(88,764

)

Amortization – Bophelo

  

 

(55,041

)

  

 

—

 

  

 

(55,041

)

Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.

  

 

(1,745,205

)

  

 

—

 

  

 

(1,745,205

)

Movement in exchange rates

  

 

(108,631

)

  

 

(19,501

)

  

 

(128,132

)

Balance, December 31, 2022

  

 

—

 

  

 

324,070

 

  

 

324,070

 

Amortization

  

 

—

 

  

 

(102,840

)

  

 

(102,840

)

Movement in exchange rates

  

 

—

 

  

 

5,412

 

  

 

5,412

 

Balance, June 30, 2023

  

$

—

 

  

$

226,642

 

  

$

226,642

 

During the year ended December 31, 2022, the Company recorded amortization on its right-of-use assets of $143,805 (2021 — $115,183) of which $55,041 was related to discontinued operations. As at December 31, 2022, the Company derecognized right-of-use assets with a net book value of $1,745,205 in connection with the loss of control of Bophelo Bio & Wellness (Pty) Ltd (note 5). During the six months ended June 30, 2023, the Company recorded amortization on its right-of-use assets of $102,840 (2022 — $58,010).

10.    Right-of-use Assets

On August 1, 2022, the Company entered into a lease agreement for an office space with a monthly lease payment of $20,000 over a period of two years. The right-of-use assets recognized was measured at an amount equal to the recognized lease liabilities (note 13).

The details of the right-of-use assets recognized as at December 31, 2022 are as follows:

 

Land lease

  

Office lease

 

Total

Balance, December 31, 2020

  

$

2,199,779

 

  

$

—

 

  

$

2,199,779

 

Additions

  

 

—

 

  

 

—

 

  

 

—

 

Amortization

  

 

(115,183

)

  

 

—

 

  

 

(115,183

)

Movement in exchange rates

  

 

(175,719

)

  

 

—

 

  

 

(175,719

)

Balance, December 31, 2021

  

 

1,908,877

 

  

 

—

 

  

 

1,908,877

 

Additions

  

 

—

 

  

 

432,335

 

  

 

432,335

 

Amortization

  

 

—

 

  

 

(88,764

)

  

 

(88,764

)

Amortization – Bophelo

  

 

(55,041

)

  

 

—

 

  

 

(55,041

)

Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.

  

 

(1,745,205

)

  

 

—

 

  

 

(1,745,205

)

Movement in exchange rates

  

 

(108,631

)

  

 

(19,501

)

  

 

(128,132

)

Balance, December 31, 2022

  

$

—

 

  

$

324,070

 

  

$

324,070

 

During the year ended December 31, 2022, the Company recorded amortization on its right-of-use assets of $143,805 (2021 — $115,183) of which $55,041 was related to discontinued operations. As at December 31, 2022, the Company derecognized right-of-use assets with a net book value of $1,745,205 in connection with the loss of control of Bophelo Bio & Wellness (Pty) Ltd (note 5).

7.      Right-of-use assets

 

Land lease

Balance, December 31, 2019

  

$

2,409,934

 

Additions

  

 

—

 

Amortization

  

 

(56,292

)

Movement in exchange rates

  

 

(153,863

)

Balance, December 31, 2020

  

$

2,199,779

 

Additions

  

 

—

 

Amortization

  

 

(115,183

)

Movement in exchange rates

  

 

(175,719

)

Balance, December 31, 2021

  

$

1,908,877