9. LONG TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2012

Long Term Debt Tables

Non-interest bearing loan repayment

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 present value of the loan at September 30, 2012 was $728,641 in Canadian funds (US$741,101); (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	$	48,298
2013	$	193,191
2014	$	80,496

Outstanding balance loan

Continuity	September 30, 2012		December 31, 2011
	$	1,976,992		2,328,801
Less:  Payments on loan		142,129		309,055
Effect of exchange rate		111,779		(42,754	)
Balance	$	1,946,642	$	1,976,992

Outstanding balance at:	September 30, 2012			December 31, 2011
a)Long term debt – AAFC	$	741,100		$	716,461
b)Long term debt – AFSC		1,205,542			1,260,531
Long term debt	$	1,946,642		$	1,976,992
Less: current portion		(320,752	)		(329,389	)
Balance	$	1,625,890		$	1,647,603