5. PROPERTY, EQUIPMENT AND LEASEHOLDS

12 Months Ended

Dec. 31, 2013

Notes to Financial Statements

Note 5. PROPERTY, EQUIPMENT AND LEASEHOLDS

	2013		Accumulated		2013
	Cost		Depreciation		Net
Buildings	$	5,233,147	$	2,419,217	$	2,813,930
Computer hardware		102,225		90,265		11,960
Furniture and fixtures		27,098		22,310		4,788
Office equipment		22,400		20,042		2,358
Manufacturing equipment		6,014,006		3,555,731		2,458,275
Trailer		16,233		13,992		2,241
Technology		128,442		51,377		77,065
Land		460,506		—		460,506
	$	12,004,057	$	6,172,934	$	5,831,123

	2012		Accumulated		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: $1,279,255 (2012: $1,245,114)

The following carrying amount of property, equipment and leaseholds held by Flexible Solutions Ltd. serves as collateral for the AFSC loan (see Note 9b):

Land	$	261,413
Building		780,527
Building improvements		827,645
Manufacturing equipment		2,129,434
Trailer		2,241
Technology		77,065