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Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Sales $ 9,224,872 $ 9,847,517
Cost of sales 6,404,505 6,762,525
Gross profit 2,820,367 3,084,992
Operating Expenses    
Wages 651,158 671,692
Administrative salaries and benefits 417,859 393,014
Insurance 244,260 201,530
Interest expense 175,266 134,870
Office and miscellaneous 157,623 98,846
Research 126,654 21,502
Consulting 99,921 62,977
Utilities 73,676 7,487
Advertising and promotion 66,949 48,398
Travel 66,261 61,652
Professional fees 60,995 62,767
Investor relations and transfer agent fee 39,304 89,892
Lease expense 30,150 25,295
Telecommunications 13,532 12,578
Shipping 7,829 4,666
Currency exchange (1,635) 2,576
Commissions 2,985
Total operating expenses 2,229,802 1,902,727
Operating income 590,565 1,182,265
Loss on lease termination (41,350)
Gain on investment 182,975 69,995
Interest income 48,197 12,011
Income before income tax 780,387 1,264,271
Income taxes    
Income tax expense (264,178) (299,777)
Net income for the period including non-controlling interests 516,209 964,494
Less: Net income attributable to non-controlling interests (58,983) (80,125)
Net income attributable to controlling interest $ 457,226 $ 884,369
Income per share (basic) $ 0.04 $ 0.07
Income per share (diluted) $ 0.04 $ 0.07
Weighted average number of common shares (basic) 12,449,699 12,432,914
Weighted average number of common shares (diluted) 12,449,699 12,532,404
Other comprehensive income (loss):    
Net income $ 516,209 $ 964,494
Unrealized income (loss) on foreign currency translations 27,223 (167,239)
Total comprehensive income 543,432 797,255
Comprehensive income – non-controlling interest (58,983) (80,125)
Comprehensive income attributable to Flexible Solutions International Inc. $ 484,449 $ 717,130