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Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales $ 10,331,291 $ 11,165,143 $ 20,178,808 $ 21,948,423
Cost of sales 7,292,438 7,303,537 14,054,963 14,274,916
Gross profit 3,038,853 3,861,606 6,123,845 7,673,507
Operating Expenses        
Wages 787,621 679,289 1,459,313 1,302,792
Administrative salaries and benefits 394,305 227,026 787,319 460,611
Insurance 228,445 137,325 429,975 322,685
Interest expense 115,498 52,139 250,368 109,757
Professional fees 79,532 415,322 142,299 465,903
Office and miscellaneous 74,944 123,342 173,790 159,312
Consulting 69,253 86,417 132,230 162,691
Travel 64,612 47,718 126,264 92,526
Advertising and promotion 62,011 52,176 110,409 92,205
Investor relations and transfer agent fee 32,993 28,780 122,885 65,877
Lease expense 27,645 51,614 52,940 93,839
Research 15,833 26,561 37,335 44,257
Currency exchange 13,925 99 16,501 11,632
Telecommunications 10,432 11,103 23,010 20,559
Utilities 5,487 7,566 12,974 15,184
Shipping 5,100 8,907 9,766 12,901
Commissions 57,506 2,985 60,930
Total operating expenses 1,987,636 2,012,890 3,890,363 3,493,661
Operating income 1,051,217 1,848,716 2,233,482 4,179,846
Gain on acquisition of ENP Peru 335,051 335,051
Gain on investment 256,708 177,552 326,703 214,316
Interest income 41,174 10,053 53,185 32,141
Income before income tax 1,349,099 2,371,372 2,613,370 4,761,354
Income taxes        
Income tax expense (354,372) (542,802) (654,149) (1,255,248)
Net income for the period including non-controlling interests 994,727 1,828,570 1,959,221 3,506,106
Less: Net income attributable to non-controlling interests (184,862) (166,115) (264,987) (310,592)
Net income attributable to controlling interest $ 809,865 $ 1,662,455 $ 1,694,234 $ 3,195,514
Income per share (basic) $ 0.07 $ 0.13 $ 0.14 $ 0.26
Income per share (diluted) $ 0.06 $ 0.13 $ 0.14 $ 0.26
Weighted average number of common shares (basic) 12,435,532 12,384,131 12,434,230 12,372,785
Weighted average number of common shares (diluted) 12,519,930 12,478,751 12,498,945 12,511,400
Other comprehensive income:        
Net income $ 994,727 $ 1,828,570 $ 1,959,221 $ 3,506,106
Unrealized gain (loss) on foreign currency translations 226,645 (1,907) 59,406 40,636
Total comprehensive income 1,221,372 1,826,663 2,018,627 3,546,742
Comprehensive income – non-controlling interest (184,862) (166,115) (264,987) (310,592)
Comprehensive income attributable to Flexible Solutions International Inc. $ 1,036,510 $ 1,660,548 $ 1,753,640 $ 3,236,150