6. Property and Equipment and Intangible Assets
Property and equipment consists of the following as of December 31:
|
2013 $ |
2012 $ |
||
Manufacturing, warehouse, display equipment and molds | 261,522 | 352,966 | ||
Office equipment and furniture | 33,570 | 29,570 | ||
Mobile display unit and vehicles | 133,700 | 125,000 | ||
Less: depreciation | (88,740) | (24,663) | ||
Total Property and Equipment | 340,052 | 482,874 | ||
Intangible assets consists of the following as of December 31:
|
2013 $ |
2012 $ |
Formulations and manufacturing methods | 779,968 | 761,963 |
Trademarks | 187,276 | 159,706 |
Side panel statement rights | 125,000 | 125,000 |
Patents | 50,160 | 50,160 |
Website | 62,675 | 31,750 |
Less: amortization | (54,228) | (23,631) |
Total Intangible Assets | 1,150,851 | 1,104,948 |