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Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 8,112,930 $ 7,403,492 $ 24,252,023 $ 22,645,408
Cost of sales 5,597,513 5,024,130 16,365,958 15,338,382
Gross profit 2,515,417 2,379,362 7,886,065 7,307,026
Operating Expenses        
Wages 531,759 554,454 1,561,119 1,648,384
Administrative salaries and benefits 200,018 199,055 597,581 690,797
Advertising and promotion 40,171 38,426 156,117 133,610
Investor relations and transfer agent fee 18,268 17,314 56,976 61,622
Office and miscellaneous 77,031 94,686 191,004 215,082
Insurance 125,739 141,997 343,987 329,387
Interest expense 43,872 94,319 199,947 341,791
Lease expense 115,348 116,005 350,592 345,216
Consulting 63,700 39,943 199,013 158,993
Professional fees 57,654 140,025 166,634 412,735
Travel 19,552 71,388 86,188 250,105
Telecommunications 10,174 11,006 32,556 33,307
Shipping 2,246 5,155 9,595 13,643
Research 17,114 15,551 57,290 70,997
Commissions 1,683 7,906 6,644 38,665
Bad debt expense 231,696
Currency exchange 18,461 9,823 (49,207) 190,934
Utilities 5,081 2,862 13,231 10,903
Total operating expenses 1,347,871 1,559,915 3,979,267 5,177,867
Operating income 1,167,546 819,447 3,906,798 2,129,159
Gain on sale of assets 9,490 9,490
Gain on investment 121,184 82,734 660,601 342,248
Interest income 13,583 13,621 26,197 69,154
Income before income tax 1,311,803 915,802 4,603,086 2,540,561
Income taxes        
Deferred income tax recovery 125,999
Income tax expense (370,203) (213,771) (1,064,851) (743,317)
Net income for the period including non-controlling interests 941,600 702,031 3,538,235 1,923,243
Less: Net income attributable to non-controlling interests (359,231) (289,983) (558,324) (527,778)
Net income attributable to controlling interest $ 582,369 $ 412,048 $ 2,979,911 $ 1,395,465
Income per share (basic and diluted) $ 0.05 $ 0.03 $ 0.24 $ 0.12
Weighted average number of common shares (basic) 12,240,545 12,108,110 12,239,633 11,862,484
Weighted average number of common shares (diluted) 12,306,432 12,277,789 12,300,732 12,009,934
Other comprehensive income (loss):        
Net income $ 941,600 $ 702,031 $ 3,538,235 $ 1,923,243
Unrealized gain (loss) on foreign currency translations 56,670 (24,773) 26,804 101,326
Total comprehensive income 998,270 677,258 3,565,039 2,024,569
Comprehensive income - non-controlling interest (359,231) (289,983) (558,324) (527,778)
Comprehensive income attributable to Flexible Solutions International Inc. $ 639,039 $ 387,275 $ 3,006,715 $ 1,496,791