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Property and Equipment

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

9. Property, Plant and Equipment


			Plant								Furniture		Capital
			and		Leasehold		Motor				and		work-in-
Cost	Land		equipment		Improvements		Vehicles		Computers		fixtures		progress		Total
Balance, December 31, 2020	$	—	$	586,360	$	293,437	$	36,998	$	—	$	—	$	883,145	$	1,799,940
Additions		—		53,808		493,136		14,214		10,427		4,887		—		576,472
Reclassifications		—		—		360,695		—		—		—		(360,695)		—
Foreign exchange movements		—		(50,157)		(57,574)		(3,589)		(303)		(192)		(58,197)		(170,012)
Balance, December 31, 2021	$	—	$	590,011	$	1,089,694	$	47,623	$	10,124	$	4,695	$	464,253	$	2,206,400
Acquisitions (note 4)		872,336		11,817,462		—		89,513		32,703		124,360		—		12,936,374
Additions		—		108,933		66,110		10,489		13,348		3,435		108,631		310,946
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.		—		(663,404)		(1,088,572)		(54,767)		(14,851)		(5,436)		(437,117)		(2,264,147)
Foreign exchange movements		12,901		282,219		(67,232)		(603)		1,115		2,181		(135,767)		94,814
Balance, December 31, 2022	$	885,237	$	12,135,221	$	—	$	92,255	$	42,439	$	129,235	$	—	$	13,284,387


			Plant								Furniture
			and		Leasehold		Motor				and		Capital work-in-
Accumulated depreciation	Land		equipment		Improvements		Vehicles		Computers		fixtures		progress		Total
Balance, December 31, 2020	$	—	$	123,710	$	36,324	$	13,874	$	—	$	—	$	—	$	173,908
Depreciation		—		63,785		78,352		11,208		1,245		483		—		155,073
Foreign exchange movements		—		(12,641)		(6,053)		(1,577)		(39)		(19)		—		(20,329)
Balance, December 31, 2021	$	—	$	174,854	$	108,623	$	23,505	$	1,206	$	464	$	—	$	308,652
Depreciation		—		972,872		—		27,883		22,942		13,490		—		1,037,187
Depreciation – Bophelo		—		32,549		49,538		6,577		20,832		463		—		109,959
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.		—		(195,441)		(149,161)		(28,357)		(2,877)		(876)		—		(376,712)
Foreign exchange movements		—		68,415		(9,000)		911		(15,759)		1,230		—		45,797
Balance, December 31, 2022	$	—	$	1,053,249	$	—	$	30,519	$	26,344	$	14,771	$	—	$	1,124,883


			Plant								Furniture		Capital
			and		Leasehold		Motor				and		work-in-
Net book value	Land		equipment		Improvements		Vehicles		Computers		fixtures		progress		Total
Balance, December 31, 2021	$	—	$	415,157	$	981,071	$	24,118	$	8,918	$	4,231	$	464,253	$	1,897,748
Balance, December 31, 2022	$	885,237	$	11,081,972	$	—	$	61,736	$	16,095	$	114,464	$	—	$	12,159,504

9. Property, Plant and Equipment (continued)

As at December 31, 2022, the Company derecognized property, plant and equipment with a net book value of $1,887,435 in connection with the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd. As at December 31, 2021, the Company’s capital work in progress related to the ongoing civil, gravelling, storm drainage work on site, as well as the construction of hoop houses and a Cravo A-Frame style greenhouse for future medical cannabis cultivation in Bophelo, Lesotho, which was derecognized at December 31, 2022 as a result of the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd (note 5).

During the year ended December 31, 2022, the Company recorded depreciation of its property, plant and equipment of $1,147,146 (2021 – $155,073) of which $109,959 (2021 – $154,595) related to the operations of Bophelo Bio Science and Wellness (Pty) Ltd was recorded within discontinued operations.

6. Property and equipment


	Plant								Furniture		Capital
	and		Leasehold		Motor				and		work-in-
Cost	equipment		Improvements		Vehicles		Computers		fixtures		progress		Total
Balance, December 31, 2019	$	449,044	$	304,770	$	38,427	$	—	$	—	$	616,377	$	1,408,618
Additions		172,369		—		—		—		—		266,768		439,137
Write-offs		(23,748)		—		—		—		—		—		(23,748)
Foreign exchange movements		(11,305)		(11,333)		(1,429)		—		—		—		(24,067)
Balance, December 31, 2020	$	586,360	$	293,437	$	36,998	$	—	$	—	$	883,145	$	1,799,940
Additions		53,808		493,136		14,214		10,427		4,887		—		576,472
Reclassifications		—		360,695		—		—		—		(360,695)		—
Foreign exchange movements		(50,157)		(57,574)		(3,589)		(303)		(192)		(58,197)		(170,012)
Balance, December 31, 2021	$	590,011	$	1,089,694	$	47,623	$	10,124	$	4,695	$	464,253	$	2,206,400


	Plant								Furniture
Accumulated	and		Leasehold		Motor				and		Capital work-in-
depreciation	equipment		Improvements		Vehicles		Computers		fixtures		progress		Total
Balance, December 31, 2019	$	67,113	$	22,489	$	4,803	$	—	$	—	$	—	$	94,405
Depreciation		60,212		14,950		9,425		—		—		—		84,587
Foreign exchange movements		(3,615)		(1,115)		(354)		—		—		—		(5,084)
Balance, December 31, 2020	$	123,710	$	36,324	$	13,874	$	—	$	—	$	—	$	173,908
Depreciation		63,785		78,352		11,208		1,245		483		—		155,073
Foreign exchange movements		(12,641)		(6,053)		(1,577)		(39)		(19)		—		(20,329)
Balance, December 31, 2021	$	174,854	$	108,623	$	23,505	$	1,206	$	464	$	—	$	308,652


	Plant								Furniture		Capital
	and		Leasehold		Motor				and		work-in-
Net book value	equipment		Improvements		Vehicles		Computers		fixtures		progress		Total
Balance, December 31, 2020	$	462,650	$	257,113	$	23,124	$	—	$	—	$	883,145	$	1,626,032
Balance, December 31, 2021	$	415,157	$	981,071	$	24,118	$	8,918	$	4,231	$	464,253	$	1,897,748

As at December 31, 2021 and 2020 the Company’s Capital work in progress relate to the ongoing civil, gravelling, storm drainage work on site, as well as the construction of hoop houses and a Cravo A-Frame style greenhouse for future medical cannabis cultivation in Bophelo Bio Science in Lesotho.

The Company considered indicators of impairment at December 31, 2021 and 2020. The Company did not record any impairment loss during the year ended December 31, 2021 (2020 – $23,748, 2019 – nil).