| Property, Plant and Equipment |
| |
|
As at August 31, 2020 |
|
| |
|
Cost |
|
|
Accumulated depreciation |
|
|
Net book value |
|
| Building |
|
$ |
1,900,849 |
|
|
$ |
(164,404 |
) |
|
$ |
1,736,445 |
|
| Land |
|
|
234,965 |
|
|
|
- |
|
|
|
234,965 |
|
| Building and land improvements |
|
|
1,446,246 |
|
|
|
(303,364 |
) |
|
|
1,142,882 |
|
| Machinery and equipment |
|
|
6,984,840 |
|
|
|
(1,909,269 |
) |
|
|
5,075,571 |
|
| Office equipment and furniture |
|
|
170,671 |
|
|
|
(73,126 |
) |
|
|
97,545 |
|
| Balances, end of period |
|
$ |
10,737,571 |
|
|
$ |
(2,450,163 |
) |
|
$ |
8,287,408 |
|
| |
|
As at February 29, 2020 |
|
| |
|
Cost |
|
|
Accumulated depreciation |
|
|
Net book value |
|
| Building |
|
$ |
1,846,070 |
|
|
$ |
(128,911 |
) |
|
$ |
1,717,159 |
|
| Land |
|
|
264,868 |
|
|
|
- |
|
|
|
264,868 |
|
| Building and land improvements |
|
|
733,884 |
|
|
|
(214,068 |
) |
|
|
519,816 |
|
| Machinery and equipment |
|
|
6,085,195 |
|
|
|
(1,426,465 |
) |
|
|
4,658,730 |
|
| Office equipment and furniture |
|
|
162,466 |
|
|
|
(62,785 |
) |
|
|
99,681 |
|
| Balances, end of period |
|
$ |
9,092,483 |
|
|
$ |
(1,832,229 |
) |
|
$ |
7,260,254 |
|
Depreciation expense for the three- and six-month
periods ended August 31, 2020 amounted to $291,498 and $539,697, respectively (2019 – 195,876 and $357,197, respectively),
and is recorded as an operating expense in the consolidated statements of operations and comprehensive loss.
|