Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

PROPERTY, PLANT, AND EQUIPMENT

v3.22.1
PROPERTY, PLANT, AND EQUIPMENT
12 Months Ended
Dec. 31, 2021
PROPERTY, PLANT, AND EQUIPMENT  
PROPERTY, PLANT, AND EQUIPMENT

6. PROPERTY, PLANT, AND EQUIPMENT

    

    

    

    

Buildings, 

    

Machinery  

leasehold 

Furniture and

Office  

and  

Auto and 

improvements, 

Construction in

    

fixtures

    

equipment

    

equipment

    

 trucks

    

and land

    

Progress

    

Total

Cost

As of January 1, 2020

$

923,391

$

312,486

 

$

1,871,195

$

130,298

$

17,732,014

$

17,146,625

$

38,116,009

As of December 31, 2020

$

1,075,916

$

509,355

 

$

6,733,139

$

189,551

$

45,641,170

$

18,600,528

$

72,749,659

As of December 31, 2021

$

2,830,633

$

4,488,246

 

$

18,992,318

$

1,021,291

$

161,994,300

$

95,853,330

$

285,180,118

Accumulated Depreciation

 

 

  

 

 

  

 

  

 

  

 

  

As of January 1, 2020

$

94,140

$

41,736

 

$

118,375

$

13,978

$

694,919

$

$

963,148

As of December 31, 2020

$

276,450

$

142,822

 

$

360,674

$

54,104

$

2,811,529

$

$

3,645,579

As of December 31, 2021

$

589,608

$

457,477

 

$

1,809,223

$

219,632

$

6,882,012

$

$

9,957,952

Net book value

 

  

 

  

 

 

  

 

  

 

  

 

  

As of January 1, 2020

$

829,251

$

270,750

 

$

1,752,820

$

116,320

$

17,037,095

$

17,146,625

$

37,152,861

As of December 31, 2020

$

799,466

$

366,533

 

$

6,372,465

$

135,447

$

42,829,641

$

18,600,528

$

69,104,080

As of December 31, 2021

$

2,241,025

$

4,030,769

 

$

17,183,095

$

801,659

$

155,112,288

$

95,853,330

$

275,222,166

During the years ended December 31, 2021 and 2020, the Company capitalized borrowing costs of $8,372,691 and $1,360,605, respectively.

Depreciation and amortization expense relating to PPE for the years ended December 31, 2021 and 2020:

Year Ended

December 31, 

December 31, 

2021

2020

    

$

    

$

Cost of goods sold

5,078,179

 

1,965,243

Expenses

1,920,905

 

829,745

Total depreciation relating to PPE

6,999,084

 

2,794,988