| SCHEDULE OF COMPANY’S CURRENT PROPERTIES |
The
Company’s current properties can be summarized as follows.
SCHEDULE
OF COMPANY’S CURRENT PROPERTIES
| Cost |
|
Canadian properties |
|
|
United States properties |
|
|
Total |
|
| As of December 31, 2020 |
|
$ |
4,314,805 |
|
|
$ |
4,304,622 |
|
|
$ |
8,619,427 |
|
| Additions |
|
|
787,250 |
|
|
|
— |
|
|
|
787,250 |
|
| Dispositions |
|
|
(2,563,434 |
) |
|
|
— |
|
|
|
(2,563,434 |
) |
| Foreign currency translation |
|
|
(46,218 |
) |
|
|
— |
|
|
|
(46,218 |
) |
| As of December 31, 2021 |
|
$ |
2,492,403 |
|
|
$ |
4,304,622 |
|
|
$ |
6,797,025 |
|
| Foreign currency translations |
|
|
(187,107 |
) |
|
|
— |
|
|
|
(187,107 |
) |
| As of September 30, 2022 |
|
$ |
2,305,296 |
|
|
$ |
4,304,622 |
|
|
$ |
6,609,918 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated depletion |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2020 |
|
$ |
2,631,749 |
|
|
$ |
61,551 |
|
|
$ |
2,693,300 |
|
| Dispositions |
|
|
(2,629,672 |
) |
|
|
— |
|
|
|
(2,629,672 |
) |
| Depletion |
|
|
378,306 |
|
|
|
— |
|
|
|
378,306 |
|
| Foreign currency translation |
|
|
7,026 |
|
|
|
— |
|
|
|
7,026 |
|
| As of December 31, 2021 |
|
$ |
387,409 |
|
|
$ |
61,551 |
|
|
$ |
448,960 |
|
| Depletion |
|
|
165,835 |
|
|
|
— |
|
|
|
165,835 |
|
| Foreign currency translation |
|
|
(39,768 |
) |
|
|
— |
|
|
|
(39,768 |
) |
| As of September 30, 2022 |
|
$ |
513,476 |
|
|
$ |
61,551 |
|
|
$ |
575,027 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net book value as of December 31, 2021 |
|
$ |
2,104,994 |
|
|
$ |
4,243,071 |
|
|
$ |
6,348,065 |
|
| Net book value as of September 30, 2022 |
|
$ |
1,791,820 |
|
|
$ |
4,243,071 |
|
|
$ |
6,034,891 |
|
|