5. PROPERTY, PLANT & EQUIPMENT

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Note 5. PROPERTY, PLANT & EQUIPMENT

	March 31, 2013		Accumulated		March 31, 2013
	Cost		Depreciation		Net
Buildings	$	5,327,721	$	2,197,580	$	3,130,141
Computer hardware		105,100		88,944		16,156
Furniture and fixtures		27,972		22,128		5,844
Office equipment		23,451		20,519		2,932
Manufacturing equipment		5,964,818		2,936,103		3,028,715
Trailer		16,994		13,894		3,100
Technology		134,466		33,616		100,850
Land		472,768		—		472,768
	$	12,073,290	$	5,312,784	$	6,760,506

	December 31, 2012		Accumulated		December 31, 2012
	Cost		Depreciation		Net
Buildings	$	5,372,327	$	2,122,396	$	3,249,931
Computer hardware		106,457		88,811		17,646
Furniture and fixtures		28,385		22,155		6,230
Office equipment		23,946		20,795		3,151
Manufacturing equipment		6,039,836		2,725,324		3,314,512
Trailer		17,353		13,930		3,423
Technology		137,308		27,461		109,847
Truck		11,951		9,512		2,439
Land		478,551		—		478,551
	$	12,216,114	$	5,030,384	$	7,185,730

Amount of depreciation expense for three months ended March 31, 2013: $323,874 (2012: $303,492).

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

Land	$	273,675
Building		885,232
Building improvements		938,671
Manufacturing equipment		2,638,217
Trailer		3,100
Technology		100,850