5. PROPERTY, EQUIPMENT AND LEASEHOLDS

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

5. PROPERTY, EQUIPMENT AND LEASEHOLDS

5.           Property, Equipment and Leaseholds 

	2015		Accumulated		2015
	Cost		Depreciation		Net
Buildings	$	4,766,282	$	2,774,306	$	1,991,976
Computer hardware		88,026		82,811		5,215
Furniture and fixtures		29,147		20,774		8,373
Office equipment		17,214		16,054		1,160
Manufacturing equipment		5,074,079		3,770,819		1,303,260
Trailer		12,474		11,630		844
Boat		34,400		3,440		30,960
Leasehold improvements		29,604		—		29,604
Technology		98,701		78,961		19,740
Land		399,977		—		399,977
	$	10,549,904	$	6,758,795	$	3,791,109

	2014		Accumulated		2014
	Cost		Depreciation		Net
Buildings	$	5,065,433	$	2,653,287	$	2,412,146
Computer hardware		97,124		89,083		8,041
Furniture and fixtures		25,548		21,906		3,642
Office equipment		20,537		18,807		1,730
Manufacturing equipment		5,710,354		3,864,204		1,846,150
Trailer		14,882		13,444		1,438
Technology		117,758		64,767		52,991
Land		438,762		—		438,762
	$	11,490,398	$	6,725,498	$	4,764,900

Amount of depreciation expense for 2015: $562,471 (2014: $771,385) and is included in cost of sales in the consolidated statements of operations and comprehensive income (loss).