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 | ||
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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 |