PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

The following table sets forth the components of the Company’s property and equipment at September 30, 2023 and December 31, 2022:

	September 30, 2023							December 31, 2022
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Capital assets subject to depreciation:
Computers, software and office equipment	$	2,457,230	$	(2,415,723	)	$	41,507	$	2,774,308	$	(2,651,872	)	$	122,436
Machinery and equipment		173,289		(169,248	)		4,041		189,641		(182,180	)		7,461
Vehicles		11,515		(11,515	)		–		41,112		(35,504	)		5,608
Furniture and fixtures		369,045		(359,891	)		9,154		409,996		(391,783	)		18,213
Leasehold improvements		1,058,211		(997,767	)		60,444		1,172,501		(1,065,148	)		107,353
Total fixed assets		4,069,290		(3,954,144	)		115,146		4,587,558		(4,326,487	)		261,071
Capital assets not subject to depreciation:
Construction in progress		–		–			–		24,605		–			24,605
Total fixed assets	$	4,069,290	$	(3,954,144	)	$	115,146	$	4,612,163	$	(4,326,487	)	$	285,676

For the three months ended September 30, 2023 and 2022, the Company recorded depreciation expense of $12,436 and $75,337, respectively. For the nine months ended September 30, 2023 and 2022, the Company recorded depreciation expense of $140,871 and $248,384, respectively.