Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.24.1.1.u2
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
PROPERTY AND EQUIPMENT

NOTE 10 — PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following as of December 31, 2023, and 2022:

 

    Cost     Accumulated Depreciation     Impairment     ERL Spin off     Carrying amount as of December 31 2023     Cost     Accumulated Depreciation     Impairment     Carrying amount as of December 31 2022  
Land   $ 1,488,213     $ —     $ (1,486,718 )   $ (1,495 )   $ -     $ 1,486,718     $ -     $ (1,486,718 )   $ -  
Buildings     4,541,374       (1,289,314 )     (3,252,060 )     —       -       4,541,374       (1,289,314 )     (3,252,060 )     -  
Leasehold property     5,136,738       -(2,999,931)       (2,134,654 )     —       2,153       5,136,738       (2,999,931 )     (2,134,654 )     2,153  
Plant and machinery     149,422       (92,197 )     (55,690 )     (1,535 )     -       147,887       (92,197 )     (55,690 )     -  
Furniture and fixtures     662,706       (390,985 )     (108,736 )     (15,661 )     147,324       647,046       (385,473 )     (108,736 )     152,837  
Motor vehicles     400,756       (334,662 )     (12,808 )     (20,025 )     33,261       384,643       (319,993 )     (12,808 )     51,842  
Office equipment     100,106       (44,350 )     (7,975 )     (367 )     47,414       99,739       (29,726 )     (7,975 )     62,038  
IT equipment     143,141       (113,795 )     (3,589 )     (18,039 )     7,718       142,100       (113,795 )     (3,589 )     24,716  
Computer equipment     62,689       (45,343 )     —       8,810       26,156       53,661       (14,780 )     -       38,881  
Programs and textbooks     16,594       (4,761 )     —       —       11,833       16,594       -       -       16,594  
Spa equipment, curtains, crockery, glassware, and linen     541,425       (253,873 )     (45,274 )     (61,386 )     180,892       487,980       (228,636 )     (45,274 )     214,070  
    $ 13,243,164     $ (5,569,211 )   $ (7,107,504 )   $ (109,698 )   $ 456,751     $ 13,144,480     $ (5,473,845 )   $ (7,107,504 )   $ 563,131  

 

 

Reconciliation of property and equipment — 2023

  

    Carrying amount
as of January 1, 2023		     Additions     Disposals     Translation     Depreciation     ERL Spin off     Carrying amount
as of December 31, 2023		  
Land   $ —   - $ 1,495     $ —     $ —     $ —     $ (1,495 )   $ —  
Buildings     —       —       —       —       —       -       —  
Leasehold property     2,153       —       —       —       —       -       2,153  
Plant and machinery     —       1,535       —       —       —       (1,535 )     —  
Furniture and fixtures     152,837       19,692       (4,032 )     —       (5,512 )     (15,661 )     147,324  
Motor vehicles     51,842       25,102       (5,076 )     (3,912 )     (14,670 )     (20,025 )     33,261  
Office equipment     62,038       367       —       —       (14,624 )     (367 )     47,414  
IT equipment     24,716       1,041       —       —       —       (18,039 )     7,718  
Computer equipment     38,881       20,438       (11,410 )     —       (30,563 )     8,810       26,156  
Programs and textbooks     16,594       —       —       —       (4,761 )     -       11,833  
Spa equipment, curtains, crockery,     214,070       61,385       —       (7,940 )     (25,237 )     (61,386 )     180,892  
glassware and linen                                                        
    $ 563,131     $ 131,055     $ (20,518 )   $ (11,852 )   $ (95,367 )   $ (109,698 )   $ 456,751  

 

Reconciliation of property and equipment — 2022

 

    Carrying amount as of January 1, 2022     Additions (Acquisitions)     Additions     Disposals     Translation     Depreciation     Impairment     Carrying amount as of December 31, 2022  
Land   $ 1,486,718     $ —     $ —     $ —     $ —     $ —     $ (1,486,718 )   $ —  
Buildings     3,412,156       147,296       —       —       (7,164 )     (300,228 )     (3,252,060 )     —  
Leasehold property     1,490,813       798,702       76,873       —       (460 )     (229,121 )     (2,134,654 )     2,153  
Plant and machinery     49,642       —       11,195       —       —       (5,147 )     (55,690 )     —  
Furniture and fixtures     207,488       16,083       92,849       —       150       (54,997 )     (108,736 )     152,837  
Motor vehicles     38,516       66,244       —       (1,163 )     (541 )     (38,406 )     (12,808 )     51,842  
Office equipment     6,759       50,955       22,496       —       —       (10,197 )     (7,975 )     62,038  
IT equipment     25,516       24,721       —       —       3,588       (25,520 )     (3,589 )     24,716  
Computer equipment     —       47,071       3,907       —       (1,772 )     (10,325 )     —       38,881  
Programs and textbooks     —       16,594       —       —       —       —       —       16,594  
Spa equipment, curtains, crockery,
glassware and linen		     58,508       253,219       15,360       —       (36,033 )     (31,710 )     (45,274 )     214,070  
    $ 6,776,116     $ 1,420,885     $ 222,680     $ (1,163 )   $ (42,232 )   $ (705,651 )   $ (7,107,504 )   $ 563,131