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Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current    
Cash $ 5,821,779 $ 6,625,748
Term deposits (Note 2) 652,810 1,386,150
Accounts receivable, net (Note 4) 13,390,388 12,621,901
Inventories (Note 5) 12,522,356 10,541,637
Prepaid expenses and deposits 1,436,211 1,326,637
Property held for sale 425,000 425,000
Total current assets 34,248,544 32,927,073
Property, equipment and leaseholds, net (Note 6) 17,906,361 16,142,092
Right of use assets, net (Note 3) 3,678,552 3,790,687
Intangible assets 1,920,000 1,960,000
Long term deposits 1,643,595 2,423,928
Investments (Note 7) 2,000,236 2,054,324
Goodwill 2,534,275 2,534,275
Total Assets 63,931,563 61,832,379
Current    
Accounts payable 2,585,356 2,221,411
Accrued liabilities 171,097 501,175
Deferred revenue 132,881 124,944
Income taxes payable 4,803,244 5,061,317
Short term lines of credit (Note 8) 4,796,444 2,148,386
Current portion of lease liabilities (Note 3) 466,972 299,445
Current portion of long-term debt (Note 9) 414,205 396,961
Total current liabilities 13,370,199 10,753,639
Right of use liabilities, net (Note 3) 3,730,815 3,923,938
Deferred income tax liability 277,417 277,417
Long term debt (Note 9) 3,925,819 4,044,699
Total Liabilities 21,304,250 18,999,693
Commitments and Contingencies (Notes 8 and 9)
Stockholders’ Equity    
Authorized: 50,000,000 common shares with a par value of $0.001 each; 1,000,000 preferred shares with a par value of $0.01 each Issued and outstanding: 12,737,498 (December 31, 2025: 12,722,498) common shares 12,738 12,723
Capital in excess of par value 20,128,846 19,895,935
Accumulated other comprehensive loss (434,170) (347,887)
Accumulated earnings 19,107,248 19,348,668
Total stockholders’ equity – Flexible Solutions International Inc. 38,814,662 38,909,439
Non-controlling interests (Note 12) 3,812,651 3,923,247
Total Stockholders’ Equity 42,627,313 42,832,686
Total Liabilities and Stockholders’ Equity $ 63,931,563 $ 61,832,379