Flexible Solutions International Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Flexible Solutions International Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI) filed a Annual Report (10-K) with the SEC on April 1, 2024. FSI reported financial results for the fiscal year ending December 31, 2023. The company's fiscal year end is December 31. FSI is incorporated in Nevada. The filing is a Form 10-K, indicating an annual report. The filing was submitted on April 1, 2024.

Why It Matters

For investors and stakeholders tracking FLEXIBLE SOLUTIONS INTERNATIONAL INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of FSI's financial performance, operations, and strategic positioning for the past fiscal year, crucial for investors and stakeholders to assess the company's health and future prospects. The detailed financial data within the report allows for year-over-year comparisons and analysis of trends, aiding in investment decisions and understanding the company's market standing.

Risk Assessment

Risk Level: low — FLEXIBLE SOLUTIONS INTERNATIONAL INC shows low risk based on this filing. The risk level is assessed as low because the provided text is purely informational, containing no specific financial performance indicators, forward-looking statements, or operational details that would suggest significant risk.

Analyst Insight

Review the full 10-K filing to understand FSI's financial performance, operational details, and any disclosed risks or strategic initiatives for the fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-01 — Filing Date (Filed as of date)
• 108 — Public Document Count (Number of documents in the filing)
• 2022-12-31 — Prior Year End (Comparison point for financial data)

Key Players & Entities

• FLEXIBLE SOLUTIONS INTERNATIONAL INC (company) — Filer name
• FSI (company) — Ticker symbol
• 10-K (document) — Form type
• 2023-12-31 (date) — Conformed period of report
• 2024-04-01 (date) — Filed as of date
• NV (location) — State of incorporation
• 2890 (industry) — Standard Industrial Classification
• 001-31540 (identifier) — SEC file number

FAQ

Industry Context

Flexible Solutions International Inc. operates within the Miscellaneous Chemical Products sector (SIC 2890).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies in the United States.

What Investors Should Do

1. Thoroughly review the complete 10-K filing for detailed financial statements, management's discussion and analysis, and risk factors.
2. Analyze the company's financial health and operational performance for the fiscal year 2023.
3. Compare the 2023 results with previous years to identify trends and assess growth or decline.

Key Dates

• 2024-04-01: 10-K Filing — Annual report submission date
• 2023-12-31: Fiscal Year End — End date of the reporting period
• 2022-12-31: Prior Fiscal Year End — End date of the previous reporting period

Year-Over-Year Comparison

This filing represents the annual 10-K report for the fiscal year ending December 31, 2023, providing a comprehensive update compared to previous filings.

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-k.htm (10-K) — 1281KB
• ex19.htm (EX-19) — 134KB
• ex23-1.htm (EX-23.1) — 4KB
• 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
• 0001493152-24-012435.txt (&nbsp;) — 7701KB
• fsi-20231231.xsd (EX-101.SCH) — 64KB
• fsi-20231231_cal.xml (EX-101.CAL) — 86KB
• fsi-20231231_def.xml (EX-101.DEF) — 244KB
• fsi-20231231_lab.xml (EX-101.LAB) — 517KB
• fsi-20231231_pre.xml (EX-101.PRE) — 433KB
• form10-k_htm.xml (XML) — 1087KB

Risk Factors

Risk Factors This Form 10-K 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 i

View Full Filing

View this 10-K filing on SEC EDGAR