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Condensed Interim Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]        
Sales $ 10,783,280 $ 7,624,697 $ 34,416,335 $ 31,407,454
Cost of sales 6,971,379 4,916,776 23,019,824 21,641,035
Gross profit 3,811,901 2,707,921 11,396,511 9,766,419
Operating Expenses        
Wages 623,503 579,355 2,321,285 2,169,825
Administrative salaries and benefits 233,585 222,490 883,460 804,272
Insurance 185,360 124,458 581,187 479,218
Lease expense 42,225 66,028 382,663 453,639
Consulting 76,274 72,961 320,759 277,277
Professional fees 50,581 53,689 285,424 283,842
Office and miscellaneous 35,970 42,119 269,459 250,330
Interest expense 57,618 62,274 199,930 260,657
Advertising and promotion 40,029 34,770 172,185 197,196
Research 17,696 18,275 116,411 81,422
Travel 44,808 10,994 107,894 95,053
Investor relations and transfer agent fee 37,097 25,087 94,256 78,930
Commissions 3,424 4,768 62,632 148,922
Telecommunications 9,456 9,991 45,482 43,535
Currency exchange 11,533 8,300 25,091 (6,890)
Utilities 7,618 2,722 21,523 17,651
Shipping 3,994 4,355 16,567 12,839
Bad debt expense     6,979 1,016
Total operating expenses 1,480,771 1,342,636 5,913,187 5,648,734
Operating income 2,331,130 1,365,285 5,483,324 4,117,685
Gain on sale of equipment (Note 6)     9,490
Gain on sale of land (Note 6)     44,330
PPP loan forgiveness 537,960 537,960
Gain on investments 36,764 208,968 507,143 877,358
Gain on acquisition of ENP Realty (Note 10)     133,341
Interest income 22,088 10,298 77,999 53,101
Income before income tax 2,389,982 2,122,511 6,650,756 5,190,975
Income taxes        
Deferred income tax expense     (363,317) (409,553)
Income tax expense - current (712,446) (485,456) (1,993,182) (1,197,888)
Net income for the period including non-controlling interests 1,677,536 1,637,055 4,294,257 3,583,534
Less: Net income attributable to non-controlling interests (144,477) (186,484) (845,095) (606,484)
Net income attributable to controlling interest $ 1,533,059 $ 1,450,571 $ 3,449,162 $ 2,977,050
Income per share (basic and diluted) $ 0.12 $ 0.12 $ 0.28 $ 0.24
Weighted average number of common shares (basic) 12,361,313 12,292,452 12,316,254 12,240,641
Weighted average number of common shares (diluted) 12,543,674 12,518,331 12,505,522 12,302,552
Other comprehensive income:        
Net income $ 1,677,536 $ 1,637,055 $ 4,294,257 $ 3,583,534
Unrealized gain on foreign currency translations 42,543 82,352 96,391 122,489
Total comprehensive income 1,720,079 1,719,407 4,390,648 3,706,023
Comprehensive income – non-controlling interest (144,477) (186,484) (845,095) (606,484)
Comprehensive income attributable to Flexible Solutions International Inc. $ 1,575,602 $ 1,532,923 $ 3,545,553 $ 3,099,539