PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

The following table sets forth the components of the Company’s property and equipment at June 30, 2022 and December 31, 2021: 

	June 30, 2022							December 31, 2021
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Capital assets subject to depreciation:
Computers, software and office equipment	$	2,516,560	$	(2,321,180	)	$	195,380	$	2,698,172	$	(2,399,978	)	$	298,194
Machinery and equipment		175,721		(159,823	)		15,898		183,618		(162,647	)		20,971
Vehicles		37,802		(32,614	)		5,188		101,674		(76,497	)		25,177
Furniture and fixtures		383,202		(355,620	)		27,582		401,862		(365,075	)		36,787
Leasehold improvements		1,078,442		(936,015	)		142,427		1,086,518		(955,547	)		130,971
Total fixed assets		4,191,727		(3,805,252	)		386,475		4,471,844		(3,959,744	)		512,100
Capital assets not subject to depreciation:
Construction in progress		23,470		–			23,470		65,888		–			65,888
Total fixed assets	$	4,215,197	$	(3,805,252	)	$	409,945	$	4,537,732	$	(3,959,744	)	$	577,988

For the three months ended June 30, 2022 and 2021, the Company recorded depreciation expense of $80,373 and $230,040, respectively. For the six months ended June 30, 2022 and 2021, the Company recorded depreciation expense of $173,047 and $422,493, respectively.