General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
PROPERTY AND EQUIPMENT    
6. PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

 

A reconciliation of the beginning and ending balances of property and equipment and accumulated depreciation during the six months ended June 30, 2021 and property and equipment, net as of December 31, 2020, are as follows:

 

 

 

Land and

 

 

Leasehold

 

 

Furniture

 

 

 

 

 

 

 

 

Construction

 

 

Right of

 

 

 

 

(in thousands)

 

Buildings

 

 

Improvements

 

 

and Fixtures

 

 

Equipment

 

 

Vehicles

 

 

in Process

 

 

Use Assets

 

 

Total

 

Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—December 31, 2020

 

 $ -

 

 

 $ 10,799

 

 

 $ 50

 

 

 $ 1,276

 

 

 $ 854

 

 

 $ 2,528

 

 

 $ 41,530

 

 

 $ 57,037

 

Additions

 

 

 -

 

 

 

 73

 

 

 

 -

 

 

 

 268

 

 

 

 -

 

 

 

 814

 

 

 

 -

 

 

 

 1,155

 

Business Acquisitions

 

 

 14,529

 

 

 

 -

 

 

 

 -

 

 

 

 1,413

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 15,942

 

Disposals

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

Balance—June 30, 2021

 

 $ 14,529

 

 

 $ 10,872

 

 

 $ 50

 

 

 $ 2,957

 

 

 $ 854

 

 

 $ 3,342

 

 

 $ 41,530

 

 

 $ 74,134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—December 31, 2020

 

 $ -

 

 

 $ (634 )

 

 $ (47 )

 

 $ (427 )

 

 $ (411 )

 

 $ -

 

 

 $ (6,275 )

 

 $ (7,794 )

Depreciation

 

 

 -

 

 

 

 (167 )

 

 

 (1 )

 

 

 (72 )

 

 

 (77 )

 

 

 -

 

 

 

 (1,527 )

 

 

 (1,844 )

Disposals

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

Balance—June 30, 2021

 

 $ -

 

 

 $ (801 )

 

 $ (48 )

 

 $ (499 )

 

 $ (488 )

 

 $ -

 

 

 $ (7,802 )

 

 $ (9,638 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Book Value-June 30, 2021

 

 $ 14,529

 

 

 $ 10,071

 

 

 $ 2

 

 

 $ 2,458

 

 

 $ 366

 

 

 $ 3,342

 

 

 $ 33,728

 

 

 $ 64,496

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Book Value -December 31, 2020

 

 $ -

 

 

 $ 10,165

 

 

 $ 3

 

 

 $ 849

 

 

 $ 443

 

 

 $ 2,528

 

 

 $ 35,255

 

 

 $ 49,243

 

Construction in process represent assets under construction related to cultivation, manufacturing, and distribution facilities not yet completed or otherwise not placed in service.

 

Depreciation expense of $946 and $1,044 were recorded for the three months ended June 30, 2021 and 2020, respectively, of which $584 and $769 respectively, were included in cost of goods sold. Depreciation expense of $195 was also recorded in other income (expense) for the three months ended June 30, 2021.

 

Depreciation expense of $1,844 and $1,909 were recorded for the six months ended June 30, 2021 and 2020, respectively, of which $1,168 and $1,283 respectively, were included in cost of goods sold. Depreciation expense of $195 was also recorded in other income (expense) for the six months ended June 30, 2021.

9. PROPERTY AND EQUIPMENT

 

A reconciliation of the beginning and ending balances of property and equipment and accumulated depreciation during the years ended December 31, 2020 and 2019 is as follows:

 

(Amounts Expressed in United States Dollars Unless Otherwise Stated)

 

 

 

Land and

 

 

Leasehold

 

 

Furniture

 

 

 

 

 

 

 

 

Construction

 

 

Right of

 

 

 

 

(in thousands)

 

Buildings

 

 

Improvements

 

 

and Fixtures

 

 

Equipment

 

 

Vehicles

 

 

in Process

 

 

Use Assets

 

 

Total

 

Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—December 31, 2018

 

 $ -

 

 

 $ 1,509

 

 

 $ 49

 

 

 $ 2,062

 

 

 $ 516

 

 

 $ 895

 

 

 $ -

 

 

 $ 5,031

 

Additions

 

 

 4,098

 

 

 

 2,766

 

 

 

 -

 

 

 

 1,192

 

 

 

 297

 

 

 

 1,638

 

 

 

 10,520

 

 

 

 20,511

 

IFRS 16 Adoption

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 23,594

 

 

 

 23,594

 

Business Acquisitions

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 25

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 25

 

Disposals

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 (2,179 )

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 (2,179 )

Balance—December 31, 2019

 

 $ 4,098

 

 

 $ 4,275

 

 

 $ 49

 

 

 $ 1,100

 

 

 $ 813

 

 

 $ 2,533

 

 

 $ 34,114

 

 

 $ 46,982

 

Additions

 

 

 8

 

 

 

 1,937

 

 

 

 1

 

 

 

 154

 

 

 

 41

 

 

 

 4,604

 

 

 

 106

 

 

 

 6,851

 

Lease Option Reassessment

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 7,310

 

 

 

 7,310

 

Disposals/Transfers

 

 

 (4,106 )

 

 

 4,587

 

 

 

 -

 

 

 

 22

 

 

 

 -

 

 

 

 (4,609 )

 

 

 -

 

 

 

 (4,106 )

Balance—December 31, 2020

 

 $ -

 

 

 $ 10,799

 

 

 $ 50

 

 

 $ 1,276

 

 

 $ 854

 

 

 $ 2,528

 

 

 $ 41,530

 

 

 $ 57,037

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—December 31, 2018

 

 $ -

 

 

 $ (260 )

 

 $ (44 )

 

 $ (570 )

 

 $ (95 )

 

 $ -

 

 

 $ -

 

 

 $ (969 )

Depreciation

 

 

 (8 )

 

 

 (186 )

 

 

 (3 )

 

 

 (478 )

 

 

 (155 )

 

 

 -

 

 

 

 (3,025 )

 

 $ (3,854 )

Disposals

 

 

 -

 

 

 

 24

 

 

 

 -

 

 

 

 786

 

 

 

 2

 

 

 

 -

 

 

 

 -

 

 

 $ 812

 

Balance—December 31, 2019

 

 $ (8 )

 

 $ (422 )

 

 $ (46 )

 

 $ (261 )

 

 $ (249 )

 

 $ -

 

 

 $ (3,025 )

 

 $ (4,011 )

Depreciation

 

 

 (57 )

 

 

 (212 )

 

 

 (1 )

 

 

 (166 )

 

 

 (162 )

 

 

 -

 

 

 

 (3,250 )

 

 

 (3,848 )

Disposals

 

 

 65

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 -

 

 

 

 65

 

Balance—December 31, 2020

 

 $ -

 

 

 $ (634 )

 

 $ (47 )

 

 $ (427 )

 

 $ (411 )

 

 $ -

 

 

 $ (6,275 )

 

 $ (7,794 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 $ -

 

 

 $ 1,249

 

 

 $ 5

 

 

 $ 1,492

 

 

 $ 421

 

 

 $ 895

 

 

 $ -

 

 

 $ 4,063

 

December 31, 2019

 

 $ 4,090

 

 

 $ 3,853

 

 

 $ 3

 

 

 $ 839

 

 

 $ 565

 

 

 $ 2,533

 

 

 $ 31,089

 

 

 $ 42,972

 

Balance—December 31, 2020

 

 $ -

 

 

 $ 10,165

 

 

 $ 3

 

 

 $ 849

 

 

 $ 443

 

 

 $ 2,528

 

 

 $ 35,255

 

 

 $ 49,243

 

Construction in progress represent assets under construction related to cultivation, manufacturing, and distribution facilities not yet completed or otherwise not placed in service.

 

Depreciation expense of $3,848, $3,854 and $312 were recorded for the years ended December 31, 2020, 2019 and 2018, respectively, of which $2,830, $2,921 and $211, respectively, were included in cost of goods sold.