PREPAID EXPENSES AND DEPOSITS
|12 Months Ended|
Dec. 31, 2021
|Prepaid Expenses And Deposits|
|PREPAID EXPENSES AND DEPOSITS||
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS
During the year ended December 31, 2020, the Company entered into a land purchase agreement in relation to construction of a facility in Coachella, California. A deposit of $170,000 has been paid and the balance of the purchase price is subject to financing. On April 6, 2021, the scheduled close of escrow was extended to April 30, 2021 and the purchase price was increased to $4.4 million. The Company wrote off the non-refundable portion of the deposit amounting to $150,000 as the close of escrow period has lapsed; however the Company is currently renegotiating the terms of the agreement.
Others include an office lease deposit amounting to $77,774, of which $50,608 is recorded under non-current assets. (December 31, 2020 - $).