5. PROPERTY, PLANT & EQUIPMENT

6 Months Ended

Jun. 30, 2014

Notes to Financial Statements

Note 5. PROPERTY, PLANT & EQUIPMENT

	June 30, 2014		Accumulated		June 30, 2014
	Cost		Depreciation		Net
Buildings	$	5,226,713	$	2,558,355	$	2,668,358
Computer hardware		102,029		91,879		10,150
Furniture and fixtures		27,039		22,738		4,301
Office equipment		22,329		20,213		2,116
Manufacturing equipment		6,017,791		3,717,212		2,300,579
Trailer		16,181		14,282		1,899
Technology		128,032		64,016		64,016
Land		459,672		—		459,672
	$	11,999,786	$	6,488,695	$	5,511,091

	December 31, 2013		Accumulated		December 31, 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

Amount of depreciation expense for 2014: $316,649 (2013: $646,523)

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

Land	$	260,579
Building		739,134
Building improvements		783,753
Manufacturing equipment		1,994,882
Trailer		1,899
Technology		64,016