v3.26.1
Note 5 - Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

5. Property, Plant and Equipment

 

  

Land and

          

Leasehold

  

Construction

     
  

Improvements

  

Buildings

  

Equipment

  

Improvements

  

in Progress

  

Total

 

Gross carrying amount

                        
                         

At December 31, 2025

 $287,967  $4,785,413  $14,818,427  $58,938,527  $2,913,703  $81,744,037 

Additions

  -   -   119,445   65,677   663,412   848,534 

Disposals

  -   -   (231,123)  -   -   (231,123)

At June 30, 2026

 $287,967  $4,785,413  $14,706,749  $59,004,204  $3,577,115  $82,361,448 
                         

Depreciation

                        
                         

At December 31, 2025

 $19,704  $910,195  $9,966,259  $36,726,201  $-  $47,622,359 

Additions

  4,214   227,543   980,702   3,201,072   -   4,413,531 

Disposals

  -   -   (231,123)  -   -   (231,123)

At June 30, 2026

 $23,918  $1,137,738  $10,715,838  $39,927,273  $-  $51,804,767 
                         

Carrying amount

                        
                         

At December 31, 2025

 $268,263  $3,875,218  $4,852,168  $22,212,326  $2,913,703  $34,121,678 

At June 30, 2026

 $264,049  $3,647,675  $3,990,911  $19,076,931  $3,577,115  $30,556,681 

 

For the six months ended June 30, 2026, depreciation expense was $4,413,531 (2025 - $6,283,526) of which $1,501,238 (2025 - $2,696,807) was included in cost of goods sold and inventory.

 

During the six months ended June 30, 2026, $0 was transferred from Construction in Progress to the other fixed accounts (2025 - $2,709,936).

 

During the six months ended June 30, 2026, a gain on the sale of fixed assets in the amount of $1,565,000 was included in other income.  The sale represents all assets of the Planet 13 Orange County dispensary and some vehicles in Nevada, all of which had a net book value of $0.

 

During the six months ended June 30, 2026, no impairment charges were recognized. (2025 - $0).