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Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Sales $ 10,528,739 $ 10,331,291 $ 19,753,611 $ 20,178,808
Cost of sales 6,589,644 7,292,438 12,994,149 14,054,963
Gross profit 3,939,095 3,038,853 6,759,462 6,123,845
Operating Expenses        
Wages 594,384 787,621 1,245,542 1,459,313
Administrative salaries and benefits 289,777 394,305 707,636 787,319
Insurance 229,198 228,445 473,458 429,975
Office and miscellaneous 197,707 74,944 355,330 173,790
Interest expense 157,131 115,498 332,397 250,368
Consulting 142,395 69,253 242,316 132,230
Professional fees 122,470 79,532 183,465 142,299
Utilities 76,256 5,487 149,932 12,974
Advertising and promotion 63,283 62,011 130,232 110,409
Research 62,474 15,833 189,128 37,335
Travel 61,179 64,612 127,440 126,264
Currency exchange 47,681 13,925 46,046 16,501
Investor relations and transfer agent fee 46,174 32,993 85,478 122,885
Telecommunications 15,996 10,432 29,528 23,010
Lease expense 12,195 27,645 42,345 52,940
Shipping 7,014 5,100 14,843 9,766
Commissions     2,985
Total operating expenses 2,125,314 1,987,636 4,355,116 3,890,363
Operating income 1,813,781 1,051,217 2,404,346 2,233,482
Gain on investment 115,463 256,708 298,438 326,703
Loss on lease termination     (41,350)
Interest income 61,440 41,174 109,637 53,185
Income before income tax 1,990,684 1,349,099 2,771,071 2,613,370
Income taxes        
Income tax expense (558,251) (354,372) (822,429) (654,149)
Net income for the period including non-controlling interests 1,432,433 994,727 1,948,642 1,959,221
Less: Net income attributable to non-controlling interests (142,637) (184,862) (201,620) (264,987)
Net income attributable to controlling interest $ 1,289,796 $ 809,865 $ 1,747,022 $ 1,694,234
Income per share (basic) $ 0.10 $ 0.07 $ 0.14 $ 0.14
Income per share (diluted) $ 0.10 $ 0.06 $ 0.14 $ 0.14
Weighted average number of common shares (basic) 12,450,532 12,435,532 12,450,118 12,434,230
Weighted average number of common shares (diluted) 12,480,712 12,519,930 12,450,118 12,498,945
Other comprehensive income:        
Net income $ 1,432,433 $ 994,727 $ 1,948,642 $ 1,959,221
Unrealized gain (loss) on foreign currency translations 35,118 226,645 62,341 59,406
Total comprehensive income 1,467,551 1,221,372 2,010,983 2,018,627
Comprehensive income – non-controlling interest (142,637) (184,862) (201,620) (264,987)
Comprehensive income attributable to Flexible Solutions International Inc. $ 1,324,914 $ 1,036,510 $ 1,809,363 $ 1,753,640