Quarterly report pursuant to Section 13 or 15(d)

5. Property and equipment

v3.23.2
5. Property and equipment
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
5. Property and equipment

5. Property and equipment 

 

                                 
   

June 30,

2023

  December 31, 2022
    Cost   Accumulated depreciation  

Net book

value

 

Net book

value

                 
Leasehold improvements   $ 140,402     $ (51,678 )   $ 88,724     $ 17,876  
Computer and office equipment     1,254,446       (923,834 )     330,612       307,602  
Fixtures and fittings     492,125       (295,363 )     196,762       160,122  
Vehicles     14,848       (14,848 )                  
Computer software     724,546       (261,942 )     462,604       125,252  
    $ 2,626,367     $ (1,547,665 )   $ 1,078,702     $ 610,852  

 

The aggregate depreciation charge to operations was $104,379 and $111,156 for the six months ended June 30, 2023 and 2022, respectively. The depreciation policies followed by the Company are described in Note 2.