LONG TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2012

Long Term Debt Tables

Non-interest bearing loan repayment

(a)           Flexible Solutions Ltd. has received a non-interest bearing loan from the Department of Agriculture and Agri-Food Canada (“AAFC”).  Eligible for up to $1,000,000 in Canadian funds, the Company had borrowed $910,801 in Canadian funds (US$895,576) as of December 31, 2011 on an unsecured basis.  The balance owing at June 30, 2012 was $728,641 in Canadian funds (US$715,671); (December 31, 2011 - $728,641CDN; US$716,461).  The repayment schedule is as follows:

Amount Due (in CDN funds)	Payment Due Date
$182,160	December  31, 2012
$182,160	December  31, 2013
$182,160	December  31, 2014
$182,161	December  31, 2015

Interest loan Repayment

The Company has committed to the following repayments:

2012	$	93,281
2013	$	186,562
2014	$	77,734

	June 30,		December 31,
Continuity	2012		2011
Balance, January 1	$	1,976,992		2,328,801
Less:  Payments on loan		94,439		309,055
Effect of exchange rate		29,336		(42,754	)
Balance,	$	1,911,889	$	1,976,992

Outstanding balance loan

Outstanding balance at:	June 30, 2012			December 31, 2011
a)Long term debt – AAFC	$	715,671		$	716,461
b)Long term debt – AFSC		1,196,218			1,260,531
Long term debt	$	1,911,889		$	1,976,992
Less: current portion		(308,111	)		(329,389	)
Balance	$	1,603,778		$	1,647,603