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LEASE LIABILITY
12 Months Ended
Dec. 31, 2023
Presentation of leases for lessee [abstract]  
LEASE LIABILITY [Text Block]

9. LEASE LIABILITY

The Company has lease agreements for its warehouse space in Kelowna, British Columbia and for vehicles used in the development of prototypes (Note 7).

The continuity of the lease liability for years ended December 31, 2023 and 2022 is as follows:

Lease liability   Warehouse     Vehicles     Total  
Lease liability, December 31, 2020 $ 31,418   $ 117,831   $ 149,249  
Additions   199,466     43,491     242,957  
Lease payments   (84,353 )   (31,769 )   (116,122 )
Lease interest   6,757     4,872     11,629  
Lease liability, December 31, 2021 $ 153,288   $ 134,425   $ 287,713  
Disposals   -     (40,686 )   (40,686 )
Lease payments   (77,835 )   (32,668 )   (110,503 )
Lease interest   6,357     3,836     10,193  
Lease liability, December 31, 2022 $ 81,810   $ 64,907   $ 146,717  
Lease payments   (67,794 )   (65,845 )   (133,639 )
Lease interest   2,620     938     3,558  
Lease liability, December 31, 2023 $ 16,636   $ -   $ 16,636  
Current portion $ 16,636   $ -   $ 16,636  
Long-term portion   -     -     -  
  $ 16,636   $ -   $ 16,636  

 

During the year ended December 31, 2023, the Company paid a total of $61,421 to buy out its remaining vehicle leases, which is included in the lease payments above. The difference between the lease liability and the buy out price was $196, which is included in lease interest above.