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Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales $ 9,314,937 $ 8,720,621 $ 29,068,548 $ 28,899,429
Cost of sales 5,508,121 7,248,266 18,502,270 21,303,229
Gross profit 3,806,816 1,472,355 10,566,278 7,596,200
Operating Expenses        
Wages 596,820 545,255 1,842,362 2,004,568
Administrative salaries and benefits 288,120 392,051 995,756 1,179,370
Insurance 280,846 218,723 754,304 648,698
Office and miscellaneous 267,484 181,349 622,814 355,139
Interest expense 132,741 119,599 465,138 369,967
Consulting 82,261 57,941 324,577 190,171
Professional fees 78,703 97,057 262,168 239,356
Travel 64,874 60,796 192,314 187,060
Advertising and promotion 52,872 50,909 183,104 161,318
Investor relations and transfer agent fee 39,988 26,626 125,466 149,511
Utilities 33,080 12,249 183,012 25,223
Currency exchange 32,633 (6,808) 78,679 9,693
Research 27,806 52,834 216,934 90,169
Telecommunications 16,287 15,640 45,815 38,650
Lease expense 13,820 28,775 56,165 81,715
Commissions 12,086 12,086 2,985
Shipping 5,186 6,032 20,029 15,798
Total operating expenses 2,025,607 1,859,028 6,380,723 5,749,391
Operating income 1,781,209 (386,673) 4,185,555 1,846,809
Gain on investment 32,312 97,254 330,750 423,957
Loss on sale of investment (385,123) (385,123)
Loss on lease termination     (41,350)
Interest income 31,565 5,380 141,202 58,565
Income before income tax 1,459,963 (284,039) 4,231,034 2,329,331
Income taxes        
Income tax expense (367,615) (219,712) (1,190,044) (873,861)
Net income for the period including non-controlling interests 1,092,348 (503,751) 3,040,990 1,455,470
Less: Net income attributable to non-controlling interests (480,490) (214,410) (682,110) (479,397)
Net income attributable to controlling interest $ 611,858 $ (718,161) $ 2,358,880 $ 976,073
Income per share (basic) $ 0.05 $ (0.06) $ 0.19 $ 0.08
Income per share (diluted) $ 0.05 $ (0.06) $ 0.19 $ 0.08
Weighted average number of common shares (basic) 12,450,532 12,435,532 12,450,257 12,434,669
Weighted average number of common shares (diluted) 12,701,812 12,496,748 12,536,935 12,517,064
Other comprehensive income:        
Net income $ 1,092,348 $ (503,751) $ 3,040,990 $ 1,455,470
Unrealized gain on foreign currency translations 37,935 140,928 100,276 200,334
Total comprehensive income 1,130,283 (362,823) 3,141,266 1,655,804
Comprehensive income – non-controlling interest (480,490) (214,410) (682,110) (479,397)
Comprehensive income attributable to Flexible Solutions International Inc. $ 649,793 $ (577,233) $ 2,459,156 $ 1,176,407