v3.26.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

9. PROPERTY AND EQUIPMENT

 

               
    June 30,
2026		     December 31,
2025		  
    $     $  
Computer and office equipment     7,650       16,283  
Production equipment and other     4,623,763       4,874,034  
Land     1,533,793       1,533,793  
Construction in progress     5,988,602       489,340  
Leasehold improvements     16,745,882       16,439,529  
Gross property and equipment     28,899,690       23,352,979  
Less: Accumulated amortization     (11,079,215 )     (9,297,427 )
Property and equipment, net     17,820,475       14,055,552  

 

Finance lease right-of-use assets are included within property and equipment, net in the accompanying condensed consolidated balance sheets. Accumulated amortization associated with finance lease right-of-use assets was $182,776 and $110,205 as of June 30, 2026 and December 31, 2025, respectively.

 

Depreciation and amortization expense recognized in cost of revenues through inventory sold was approximately $754,507 and $1,577,038 for the three and six months ended June 30, 2026, respectively, compared to $480,121 and $795,337 for the corresponding periods in 2025. Depreciation and amortization expense recognized directly in operating expenses was approximately $65,650 and $156,812 for the three and six months ended June 30, 2026, respectively, compared to $107,927 and $212,911 for the corresponding periods in 2025.