v3.26.3
Note 5 - Property, Plant and Equipment
 9 Months Ended
Sep. 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

  -   -   257,797   65,130   690,162   1,013,089 

Transfers

  -   -   312,370   2,787,021   (3,099,391)  - 

Disposals

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

At September 30, 2026

 $287,967  $4,785,413  $15,157,471  $61,790,678  $504,474  $82,526,003 
                         

Depreciation

                        
                         

At December 31, 2025

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

Additions

  6,321   341,314   1,661,367   4,744,914   -   6,753,916 

Disposals

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

At September 30, 2026

 $26,025  $1,251,509  $11,396,503  $41,471,115  $-  $54,145,152 
                         

Carrying amount

                        
                         

At December 31, 2025

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

At September 30, 2026

 $261,942  $3,533,904  $3,760,969  $20,319,563  $504,474  $28,380,851 

 

For the nine months ended September 30, 2026, depreciation expense was $6,753,916 (2025 - $9,037,214) of which $2,406,503 (2025 - $3,594,581) was included in cost of goods sold and inventory.

 

During the nine months ended September 30, 2026, $3,099,391 was transferred from construction in progress to the other fixed accounts (2025 - $2,709,936).

 

During the nine months ended September 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 nine months ended September 30, 2026, no impairment charges were recognized. (2025 - $20,580,525).