Quarterly report pursuant to Section 13 or 15(d)

5. Property and Equipment

v3.22.2.2
5. Property and Equipment
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
5. Property and Equipment

5. Property and Equipment

 

Property and equipment consists of the following:

                                 
    June 30,
2022		   December 31, 2021
    Cost   Accumulated depreciation  

Net book

value

  

Net book

value
Leasehold improvements   $ 57,347     $ (36,094 )   $ 21,253     $ 27,260  
Computer and office equipment     1,028,017       (768,735 )     259,282       223,214  
Fixtures and fittings     424,291       (256,764 )     167,527       135,433  
Vehicles     91,770       (60,061 )     31,709       44,837  
Computer software     221,098       (133,734 )     87,364       59,335  
    $ 1,822,523     $ (1,255,388 )   $ 567,135     $ 490,079  

 

The aggregate depreciation charge to operations was $111,156 and $108,470 for the six months ended June 30, 2022 and 2021, respectively. The depreciation policies followed by the Company are described in Note 2.