5. PROPERTY, PLANT & EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2012

Property Plant Equipment Tables

Property, Plant & equipment

Property, Plant & equipment

	September 30, 2012		Accumulated		September 30, 2012
	Cost		Depreciation		Net
Buildings	$	5,398,062	$	2,006,865	$	3,391,197
Computer hardware		106,553		87,041		19,512
Furniture and fixtures		28,455		21,787		6,668
Office equipment		24,233		20,844		3,389
Manufacturing equipment		6,083,634		2,531,194		3,552,440
Trailer		17,560		13,726		3,834
Technology		138,947		20,842		118,105
Truck		12,093		9,361		2,732
Land		481,887		—		481,887
	$	12,291,424	$	4,711,660	$	7,579,764

	December 31, 2011		Accumulated		December 31, 2011
	Cost		Depreciation		Net
Buildings	$	3,216,859	$	1,731,782	$	1,485,077
Plant under construction and equipment		5,520,598		—		5,520,598
Computer hardware		103,614		80,475		23,139
Furniture and fixtures		27,953		20,268		7,685
Office equipment		23,427		19,573		3,854
Manufacturing equipment		2,447,864		1,900,110		547,754
Trailer		27,447		20,260		7,187
Technology		134,327		—		134,327
Truck		11,691		8,283		3,408
Land		472,485		—		472,485
	$	11,986,265	$	3,780,751	$	8,205,514

Capitalized costs

The following capitalized costs pertaining to the Company’s new plant in Taber, Alberta are classified as Plant Under Construction and Equipment at December 31, 2011 and included contracted costs and supplies.  The Company began depreciating the Plant and Equipment as of January 1, 2012.

	December 31, 2011 Cost
Building	$	1,040,078
Building improvements		1,068,606
Manufacturing equipment		3,411,914
	$	5,520,598

Capital assets

The following carrying amount of capital assets held by Flexible Solutions Ltd. serves as collateral for the AFSC loan.  (See Note 9b):

Land	$	282,794
Building		991,796
Building improvements		1,022,454
Manufacturing equipment		3,115,527
Trailer		2,733
Truck		3,834
Technology		118,105