5. PROPERTY, PLANT & EQUIPMENT

3 Months Ended

Mar. 31, 2014

Notes to Financial Statements

Note 5. PROPERTY, PLANT & EQUIPMENT

5.Property, Plant & equipment

	March 31, 2014		Accumulated		March 31, 2014
	Cost		Depreciation		Net
Buildings	$	5,156,801	$	2,472,590	$	2,684,211
Computer hardware		99,903		89,039		10,864
Furniture and fixtures		26,393		21,946		4,447
Office equipment		21,552		19,396		2,156
Manufacturing equipment		5,870,897		3,606,468		2,264,429
Trailer		15,618		13,624		1,994
Technology		123,578		55,610		67,968
Land		450,608		—		450,608
	$	11,765,350	$	6,278,673	$	5,486,677

	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 three months ended March 31, 2014: $196,099 (2013: $323,874).

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

Land	$	251,515
Building		732,198
Building improvements		776,399
Manufacturing equipment		1,882,347
Trailer		1,994
Technology		67,968