10. Investment in Maritime (Continued)  A summary of Maritime’s financial information as at December 31, 2012 and 2011 are as follows:  The Company had property and equipment with the following cost and accumulated depreciation at December 31, 2012  and 2011:  The average credit period of purchases is one month. The Company has financial risk management policies in place to  ensure that all payables are paid within the agreed-upon credit terms. The following is an aging analysis of accounts  payable and accrued liabilities:  12. Accounts Payable and Accrued Liabilities 11. Property and Equipment  2012 2011 Total assets 4,814,208 $ 3,139,011 $ Total liabilities 513,186 $ 115,774 $ Loss for the year 411,752 $ 67,749 $  Furniture  & Fixtures   Computer  Equipment   Leasehold  Improvements   Total  Cost Cost  At December 31, 2010 $ 59,910 $ 183,217 $ 3,528 $ 246,655  Additions 346 1,865 - 2,211  Disposals (406) - - (406)  At December 31, 2011 59,850 185,082 3,528 248,460  Disposals (346) - - (346)  At December 31, 2012 $ 59,504 $ 185,082 $ 3,528 $ 248,114 AccumulatedDepreciation  At December 31, 2010 $ 57,754 $ 169,970 $ 353 $ 228,077  Additions 542 5,360 706 6,608  Disposals (82) - - (82)  At December 31, 2011 58,214 175,330 1,059 234,603  Additions 384 3,176 706 4,266  At December 31, 2012 $ 58,598 $ 178,506 $ 1,765 $ 238,869 Net Book Value  At December 31, 2012 $ 906 $ 6,576 $ 1,763 $ 9,245  At December 31, 2011 $ 1,636 $ 9,752 $ 2,469 $ 13,857 31 - 60 61 - 90 > 90 Current days days days TOTAL - December 31, 2012 $ 46,277 $ 46 $ 400 $ - $ 46,723 December 31, 2011 $ 337,785 $ - $ 15,168 $ - $ 352,953 - 26 -  COMMANDER RESOURCES LTD.  (An Exploration Stage Company)  Notes to Financial Statements  For the Years Ended December 31, 2012 and 2011  (Expressed in Canadian dollars) 