Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2013

Future minimum lease payments are as follows:

Installment payments are as follows:

No. 1 - Initial payment	$	687,500
No. 2 - 1st anniversary of exercise	$	687,500
No. 3 - 2nd anniversary of exercise	$	687,500
No. 4 - 3rd anniversary of exercise	$	687,500

Future minimum lease payments, based on an amended agreement executed on May 22, 2012, are as follows:

January 15, 2014 - $15,000 annually	$	15,000
January 15, 2015 - $15,000 annually	$	15,000
Each January 15th - $20,000 annually - Years 2016 – 2020	$	100,000
Each January 15th - $25,000 annually - Years 2021 – 2030	$	250,000
Each January 15th - $50,000 annually - Years 2031 – 2060	$	1,500,000
Each January 15th - $75,000 annually - Years 2061 – 2062	$	150,000

Total	$	2,030,000

The initial lease payment of $20,000 was paid on April 23, 2012.

April 23, 2013 - $25,000 annually - Year 2013 – Paid	$	25,000
Each April 23rd - $25,000 annually - Years 2014– 2024	$	250,000
Each April 23rd - $25,000 annually - Years 2015 – 2112, as adjusted by US Producer Price Index	$	2,175,000
Total	$	2,450,000

At June 30, 2013, property, plant and equipment is comprised of the following:

Land – Mining Properties	$	103,388
Leasehold Improvements		26,812
Equipment		5,399
Furniture and Fixtures		11,877
Computer Software and Equipment		29,925
	$	177,401
Accumulated Depreciation		(9,027	)
	$	168,374

INTERNATIONAL SILVER INC 10-Q