| 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, 2021 |
|
$ |
2,492,403 |
|
|
$ |
4,304,622 |
|
|
$ |
6,797,025 |
|
| Dispositions |
|
|
— |
|
|
|
375 |
|
|
|
375 |
|
| Foreign currency translation |
|
|
(159,363 |
) |
|
|
— |
|
|
|
(159,363 |
) |
| As of December 31, 2022 |
|
$ |
2,333,040 |
|
|
$ |
4,304,997 |
|
|
$ |
6,638,037 |
|
| Foreign currency translations |
|
|
53,568 |
|
|
|
— |
|
|
|
53,568 |
|
| As of June 30, 2023 |
|
$ |
2,386,608 |
|
|
$ |
4,304,997 |
|
|
$ |
6,691,605 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated depletion |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
| Depletion |
|
|
63,076 |
|
|
|
— |
|
|
|
63,076 |
|
| Foreign currency translation |
|
|
14,673 |
|
|
|
— |
|
|
|
14,673 |
|
| As of June 30, 2023 |
|
$ |
667,952 |
|
|
$ |
61,551 |
|
|
$ |
729,503 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net book value as of December 31, 2022 |
|
$ |
1,742,837 |
|
|
$ |
4,243,446 |
|
|
$ |
5,986,283 |
|
| Net book value as of June 30, 2023 |
|
$ |
1,718,656 |
|
|
$ |
4,234,446 |
|
|
$ |
5,962,102 |
|
|