Flexible Solutions International Files 10-K/A Amendment
Ticker: FSI · Form: 10-K/A · Filed: Aug 13, 2024 · CIK: 1069394
Sentiment: neutral
Topics: amendment, annual-report, financials
TL;DR
FSI filed a 10-K/A amendment on Aug 13, 2024, updating 2023 financials.
AI Summary
Flexible Solutions International Inc. filed an amendment (10-K/A) to its annual report on August 13, 2024, for the fiscal year ending December 31, 2023. The filing includes financial data for the periods ending December 31, 2023, December 31, 2022, and January 1, 2022, through December 31, 2022. Specific financial statement members like common stock, retained earnings, and capital in excess of par value are detailed for these periods.
Why It Matters
This amendment provides updated financial information for Flexible Solutions International Inc., crucial for investors and analysts assessing the company's financial health and performance over the reported periods.
Risk Assessment
Risk Level: low — This filing is an amendment to an annual report, primarily providing updated financial details rather than announcing new significant business events.
Key Numbers
- 20231231 — Fiscal Year End (The amendment pertains to the annual report for the fiscal year ending on this date.)
- 20240813 — Filing Date (The date the 10-K/A amendment was officially filed with the SEC.)
Key Players & Entities
- FLEXIBLE SOLUTIONS INTERNATIONAL INC (company) — Filer of the 10-K/A amendment
- 20231231 (date) — Fiscal year end for the reported period
- 20240813 (date) — Filing date of the amendment
- 0001069394 (company) — Central Index Key for Flexible Solutions International Inc.
FAQ
What specific financial statement items are detailed in the 10-K/A filing?
The filing details items such as Common Stock, Capital In Excess Of Par Value, Retained Earnings, Accumulated Other Comprehensive Income, Parent, and Noncontrolling Interest for the periods ending December 31, 2023, December 31, 2022, and the year ended December 31, 2022.
What is the primary purpose of this 10-K/A filing?
The primary purpose is to amend the previously filed annual report (10-K) for the fiscal year ended December 31, 2023, providing updated or corrected financial information.
On what date was this amendment filed?
This amendment was filed on August 13, 2024.
What is the fiscal year end for the report being amended?
The fiscal year end for the report being amended is December 31, 2023.
What is the Central Index Key (CIK) for Flexible Solutions International Inc.?
The Central Index Key for Flexible Solutions International Inc. is 0001069394.
Filing Stats: 4,572 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2024-08-13 16:00:49
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value FSI NYSE American Secur
- $6.15 million — te of Donlar Corporation ("Donlar") for $6.15 million. The IP we acquired from Donlar relates
- $2,400 — s documenting energy savings of between $2,400 and $6,000 per year when using HEATSAVR
- $6,000 — ng energy savings of between $2,400 and $6,000 per year when using HEATSAVR. In outd
- $158,246 — . Research and Development We spent $158,246 during the year ended December 31, 2023
- $99,275 — ng the year ended December 31, 2023 and $99,275 during year ended December 31, 2022 on
- $50,000 — case by case basis. We expect to spend $50,000 on the marketing and production of our
Filing Documents
- form10-ka.htm (10-K/A) — 1282KB
- ex19.htm (EX-19) — 134KB
- ex23-1.htm (EX-23.1) — 5KB
- ex31-1.htm (EX-31.1) — 17KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 5KB
- form10-k_001.jpg (GRAPHIC) — 5KB
- form10-k_002.jpg (GRAPHIC) — 21KB
- aud_001.jpg (GRAPHIC) — 2KB
- image_001.jpg (GRAPHIC) — 1KB
- 0001493152-24-031588.txt ( ) — 7770KB
- fsi-20231231.xsd (EX-101.SCH) — 64KB
- fsi-20231231_cal.xml (EX-101.CAL) — 86KB
- fsi-20231231_def.xml (EX-101.DEF) — 240KB
- fsi-20231231_lab.xml (EX-101.LAB) — 518KB
- fsi-20231231_pre.xml (EX-101.PRE) — 430KB
- form10-ka_htm.xml (XML) — 1084KB
Risk Factors
Risk Factors This Form 10-K/A contains forward-looking information based on our current expectations. Because our actual results may differ materially from any forward-looking statements made by us, this section includes a discussion of important factors that could affect our future operations and result in a decline in the market price of our common stock. 6 We have in the past incurred significant operating losses and may not sustain profitability in the future. We have in the past experienced operating losses and negative cash flow from operations. If our revenues decline, our results of operations and liquidity may be materially and adversely affected. If we experience slower than anticipated revenue growth or if our operating expenses exceed our expectations, we may not be profitable. We may not remain profitable in future periods. Fluctuations in our operating results may cause our stock price to decline. Given the nature of the markets in which we operate, we cannot reliably predict future revenues and profitability. Changes in competitive, market and economic conditions may cause us to adjust our operations. A high proportion of our costs are fixed, due in part to our sales, research and development and manufacturing costs. Thus, small declines in revenue could disproportionately affect our operating results. Factors that may affect our operating results and the market price of our common stock include: Demand for and market acceptance of our products; Competitive pressures resulting in lower selling prices; Adverse changes in the level of economic activity in regions in which we do business; Adverse changes in the oil and gas industry on which we are particularly dependent; Changes in the portions of our revenue represented by various products and customers; Delays or problems in the introduction of new products; The announcement or introduction of new products, services or technological innovations by our competitors; Variations