6. PROPERTY AND EQUIPMENT
During the year ended December 31, 2017 depreciation of $10,722 (2016 - $21,711 ; 2015 - $34,633) has been included in exploration expenditures.
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Computer | Field | Office | Vehicles | Building | Land | Total | ||||||||||||||
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Cost |
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As at December 31, 2014 |
$ | 91,713 | $ | 146,041 | $ | 6,635 | $ | 197,200 | $ | 572,443 | $ | 414,526 | $ | 1,428,558 | |||||||
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Additions |
7,981 | 10,224 | 1,170 | 16,105 | 6,065 | - | 41,545 | ||||||||||||||
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Disposals and derecognition |
- | (2,152 | ) | (3,059 | ) | (165,888 | ) | - | - | (171,099 | ) | ||||||||||
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As at December 31, 2015 |
99,694 | 154,113 | 4,746 | 47,417 | 578,508 | 414,526 | 1,299,004 | ||||||||||||||
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Additions |
10,549 | 6,450 | - | - | - | - | 16,999 | ||||||||||||||
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Disposals and derecognition |
- | (79,630 | ) | (2,365 | ) | (47,417 | ) | - | - | (129,412 | ) | ||||||||||
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As at December 31, 2016 |
110,243 | 80,933 | 2,381 | - | 578,508 | 414,526 | 1,186,591 | ||||||||||||||
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Additions |
- | - | - | - | 20,447 | 4,337 | 24,784 | ||||||||||||||
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Disposals and derecognition |
- | (20,756 | ) | - | - | - | - | (20,756 | ) | ||||||||||||
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As at December 31, 2017 |
$ | 110,243 | $ | 60,177 | $ | 2,381 | $ | - | $ | 598,955 | $ | 418,863 | $ | 1,190,619 | |||||||
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Accumulated depreciation |
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As at December 31, 2014 |
$ | 91,713 | $ | 106,850 | $ | 3,958 | $ | 157,625 | $ | 317,183 | $ | - | $ | 677,329 | |||||||
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Additions |
7,981 | 8,161 | 1,832 | 15,595 | 117,213 | - | 150,782 | ||||||||||||||
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Disposals and derecognition |
- | (1,680 | ) | (1,656 | ) | (140,231 | ) | - | - | (143,567 | ) | ||||||||||
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As at December 31, 2015 |
99,694 | 113,331 | 4,134 | 32,989 | 434,396 | - | 684,544 | ||||||||||||||
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Additions |
7,438 | 12,601 | - | 671 | 115,490 | - | 136,200 | ||||||||||||||
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Disposals and derecognition |
- | (70,444 | ) | (1,753 | ) | (33,660 | ) | - | - | (105,857 | ) | ||||||||||
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As at December 31, 2016 |
107,132 | 55,488 | 2,381 | - | 549,886 | - | 714,887 | ||||||||||||||
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Additions |
3,111 | 7,104 | - | - | 29,129 | - | 39,344 | ||||||||||||||
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Disposals and derecognition |
- | (13,890 | ) | - | - | - | - | (13,890 | ) | ||||||||||||
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As at December 31, 2017 |
$ | 110,243 | $ | 48,702 | $ | 2,381 | $ | - | $ | 579,015 | $ | - | $ | 740,341 | |||||||
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Net book value |
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As at December 31, 2016 |
$ | 3,111 | $ | 25,445 | $ | - | $ | - | $ | 28,622 | $ | 414,526 | $ | 471,704 | |||||||
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As at December 31, 2017 |
$ | - | $ | 11,475 | $ | - | $ | - | $ | 19,940 | $ | 418,863 | $ | 450,278 |
During the year ended December 31, 2017, the Company sold fully amortized equipment to an associated entity and recorded a gain on sale of $29,766 and a corresponding receivable due from the investment in the associated entity. The sale value of the equipment was determined to be market value. Included in gain (loss) on acquisition and sale of exploration and evaluation assets was field equipment in Australia with a book value of $6,866.
During the year ended December 31, 2016, the Company sold certain foreign operations for a gain of $6,834,999. Included in this gain was property and equipment with a net book value of $23,555.
During the year ended December 31, 2015, the Company acquired and sold certain exploration and evaluation assets for a net gain of $5,393,305. Included in this gain was the acquisition of property and equipment with a net book value of $7,013. Also, during the year ended December 31, 2015 the Company sold property and equipment with a net book value of $21,041 for total proceeds of $36,933 for a net gain of $15,892, and included in exploration and evaluation expenditures is a loss on disposal of property and equipment with a net book value of $6,490.