ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note 3 - ACCOUNTS RECEIVABLE

	March 31, 2012			December 31, 2011
Accounts receivable	$	2,663,746		$	2,345,211
Allowances for doubtful accounts		(13,450	)		(13,192	)
	$	2,650,296		$	2,332,019

The Company has pledged $350,748 of the above listed accounts receivable as collateral for the Flexible Solutions Ltd. loan from AFSC (see Note 9b).