5. PROPERTY, PLANT & EQUIPMENT

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 5. PROPERTY, PLANT & EQUIPMENT

	June 30, 2013		Accumulated		June 30, 2013
	Cost		Depreciation		Net
Buildings	$	5,255,879	$	2,266,482	$	2,989,397
Computer hardware		102,916		88,315		14,601
Furniture and fixtures		27,309		21,886		5,423
Office equipment		22,653		19,970		2,683
Manufacturing equipment		5,881,378		3,121,740		2,759,638
Trailer		16,415		13,664		2,751
Technology		129,890		38,967		90,923
Land		463,453		—		463,453
	$	11,899,893	$	5,571,024	$	6,328,869

	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 2013: $646,523 (2012: $605,728)

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

Land	$	264,360
Building		833,178
Building improvements		883,474
Manufacturing equipment		2,714,629
Trailer		2,752
Technology		90,923