Flexible Solutions International Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Flexible Solutions International Inc. has filed its Q1 2024 10-Q report, detailing financial positions and subsidiary information.</b>

AI Summary

FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. Flexible Solutions International Inc. filed a 10-Q report for the period ending March 31, 2024. The report covers the first quarter of fiscal year 2024. The company's principal business address is in Victoria, BC, Canada. The filing includes data related to common stock, capital in excess of par value, retained earnings, and accumulated other comprehensive income for various periods. Specific subsidiary entities like Mendota LLC and ENP Investments LLC are mentioned in relation to the reporting periods.

Why It Matters

For investors and stakeholders tracking FLEXIBLE SOLUTIONS INTERNATIONAL INC, this filing contains several important signals. This filing provides investors with the latest quarterly financial performance and position of Flexible Solutions International Inc. The detailed breakdown of equity accounts and subsidiary mentions offers insight into the company's financial structure and operational components.

Risk Assessment

Risk Level: low — FLEXIBLE SOLUTIONS INTERNATIONAL INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags or significant negative disclosures.

Analyst Insight

Review the detailed financial statements and segment information within the 10-Q to understand the company's current financial health and operational performance.

Key Numbers

• 2024-03-31 — Period of Report (10-Q Filing)
• 2024-05-15 — Filed As Of Date (10-Q Filing)
• 2023-12-31 — Prior Year End Balance Sheet Date (Balance Sheet Comparison)
• 2023-03-31 — Prior Year Q1 Balance Sheet Date (Balance Sheet Comparison)

Key Players & Entities

• FLEXIBLE SOLUTIONS INTERNATIONAL INC (company) — Filer
• FSI (company) — Ticker Symbol
• 2024-03-31 (date) — Period of Report
• 2024-05-15 (date) — Filed As Of Date
• 2614 QUEENSWOOD DR (address) — Business Address
• Victoria BC (address) — Business Address City/State
• Mendota LLC (company) — Subsidiary Mention
• ENP Investments LLC (company) — Subsidiary Mention

FAQ

Industry Context

Flexible Solutions International Inc. operates within the miscellaneous chemical products sector, focusing on industrial applications and services.

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the balance sheet for changes in equity accounts (Common Stock, Retained Earnings, etc.) compared to prior periods.
2. Review any disclosures related to subsidiaries like Mendota LLC and ENP Investments LLC for operational context.
3. Note the company's principal business address and contact information for potential follow-up.

Key Dates

• 2024-03-31: Quarter End Date — End of the reporting period for the 10-Q
• 2024-05-15: Filing Date — Date the 10-Q was officially filed with the SEC

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing the initial quarterly financial snapshot.

Filing Documents

• form10-q.htm (10-Q) — 887KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 5KB
• 0001493152-24-019962.txt (&nbsp;) — 5863KB
• fsi-20240331.xsd (EX-101.SCH) — 53KB
• fsi-20240331_cal.xml (EX-101.CAL) — 69KB
• fsi-20240331_def.xml (EX-101.DEF) — 203KB
• fsi-20240331_lab.xml (EX-101.LAB) — 400KB
• fsi-20240331_pre.xml (EX-101.PRE) — 328KB
• form10-q_htm.xml (XML) — 850KB

Financial Statements

Financial Statements. 3 (a) Unaudited Condensed Interim Consolidated Balance Sheets at March 31, 2024 and December 31, 2023. 3 (b) Unaudited Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three Months Ended March 31, 2024 and 2023. 4 (c) Unaudited Condensed Interim Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023. 5 (d) Unaudited Condensed Interim Consolidated Statements of Stockholders' Equity for the Three a Months Ended March 31, 2024 and 2023. 6 (e) Notes to Unaudited Condensed Interim Consolidated Financial Statements for the Period Ended March 31, 2024. 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operation

Management's Discussion and Analysis of Financial Condition and Results of Operation. 23 Item 4.

Controls and Procedures

Controls and Procedures. 25 PART II. OTHER INFORMATION 25 Item 5. Other Information. 25 Item 6. Exhibits. 25

SIGNATURES

SIGNATURES 26 1 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are "forward-looking statements" for the purposes of the federal and state securities laws, including, but not limited to: any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward-looking "continue," "believe," "expect" or "anticipate" or other similar words. These forward-looking information as required by the federal securities laws, we do not intend, and undertake no obligation, to update any forward-looking Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include but are not limited to: Increased competitive pressures from existing competitors and new entrants; Increases in interest rates or our cost of borrowing or a default under any material debt agreement; Deterioration in general or regional economic conditions; Adverse

View Full Filing

View this 10-Q filing on SEC EDGAR