| SCHEDULE OF ACQUIRED PROPERTIES AND CURRENT PROPERTIES |
The
acquired properties and current properties can be summarized as follows:
SCHEDULE
OF ACQUIRED PROPERTIES AND CURRENT PROPERTIES
| Cost |
|
Canadian properties |
|
|
US 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 |
|
| Additions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Dispositions |
|
|
— |
|
|
|
375 |
|
|
|
375 |
|
| Foreign currency translation |
|
|
(159,363 |
) |
|
|
— |
|
|
|
(159,363 |
) |
| As of December 31, 2022 |
|
$ |
2,333,040 |
|
|
$ |
4,304,997 |
|
|
$ |
6,638,037 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|
237,067 |
|
|
|
— |
|
|
|
237,067 |
|
| Foreign currency translation |
|
|
(34,273 |
) |
|
|
— |
|
|
|
(34,273 |
) |
| As of December 31, 2022 |
|
$ |
590,203 |
|
|
$ |
61,551 |
|
|
$ |
651,754 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net book value as at December 31, 2022 |
|
$ |
1,742,837 |
|
|
$ |
4,243,446 |
|
|
$ |
5,986,283 |
|
| Net book value as at December 31, 2021 |
|
$ |
2,104,994 |
|
|
$ |
4,243,071 |
|
|
$ |
6,348,065 |
|
|