Flexible solutions international inc (FSI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current
Cash and cash equivalents

3,412

3,634

6,001

5,369

3,695

7,857

8,594

10,305

6,613

6,912

6,317

6,256

4,869

2,470

2,922

2,580

1,248

2,498

1,683

1,125

776

747

300

495

231

568

522

512

822

361

849

645

752

506

319

197

2,763

Accounts receivable (Note 4)

7,672

4,470

4,620

3,349

7,591

4,422

2,736

2,433

2,566

2,105

2,923

3,824

3,393

3,008

2,221

2,006

3,667

1,954

2,051

2,203

3,114

2,322

2,801

2,242

2,856

2,012

2,301

2,739

2,829

2,199

2,003

2,355

2,650

2,332

2,692

2,950

1,198

Interim insurance proceeds receivable (see Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

1,570

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term note receivable (Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

281

-

-

-

-

-

-

-

-

-

-

-

Inventories (Note 5)

8,902

9,182

8,550

9,255

8,736

8,727

5,271

4,361

4,789

4,686

4,418

3,818

4,539

3,786

3,074

3,220

2,622

3,275

3,111

3,622

3,446

3,467

3,274

3,017

2,958

3,061

3,261

3,103

3,553

3,361

2,779

3,193

3,089

2,890

3,872

3,209

2,539

Prepaid expenses

302

218

356

175

292

200

198

90

165

255

157

154

182

228

284

325

137

243

324

304

117

123

149

103

127

126

176

228

137

127

168

202

146

135

168

195

192

Total current assets

20,289

17,506

19,528

18,150

20,317

21,208

16,800

17,190

14,135

13,959

13,817

14,054

14,554

9,493

8,502

8,632

7,676

7,972

7,172

7,254

7,455

6,660

6,525

5,859

6,174

6,049

6,262

6,583

7,342

6,049

5,800

6,397

6,639

5,864

7,053

6,553

6,693

Property, equipment and leaseholds, net (Note 6)

3,986

4,005

3,655

3,689

3,744

2,563

1,787

1,827

1,877

1,938

1,656

1,695

1,713

3,393

3,612

3,756

3,888

3,791

3,916

4,213

4,319

4,764

5,242

5,511

5,486

5,831

6,129

6,328

-

7,185

7,579

7,683

8,025

8,205

8,047

8,507

7,867

Right of use assets

705

789

870

949

739

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Patents (Note 7)

42

46

-

-

-

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long Term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,760

-

-

-

-

-

-

-

-

Patents (see Note 7)

-

-

50

54

58

-

67

71

75

79

83

87

91

95

100

99

103

100

108

119

121

137

146

158

157

168

179

180

191

200

206

201

209

208

204

225

225

Intangible assets (Note 8)

2,908

2,952

2,996

3,040

3,084

3,128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term deposits (Note 9)

8

30

30

30

30

30

20

18

18

18

26

26

26

26

15

10

10

10

10

5

5

4

4

4

4

4

7

7

7

7

7

7

7

7

7

8

7

Investments (Note 10)

2,799

1,915

1,940

1,873

2,001

776

0

0

7

13

-

-

-

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill (Note 8)

2,534

2,534

2,534

2,534

2,534

2,534

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash (Note 10e)

-

1,000

1,000

1,000

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

1,545

1,600

-

-

-

891

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment (see Note 8)

-

-

-

-

-

-

-

-

-

-

103

109

116

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

906

914

900

-

1,028

1,016

1,763

1,763

2,622

2,533

2,473

2,026

2,134

1,891

1,990

2,268

2,356

2,486

2,458

2,667

2,450

2,563

2,582

2,700

292

292

292

292

229

229

229

219

219

199

199

Total Assets

34,819

32,380

33,512

32,236

34,411

31,196

19,704

20,124

17,877

17,773

18,310

18,508

18,975

15,158

14,366

14,391

13,668

14,142

13,563

14,079

14,360

14,234

14,370

14,097

14,405

14,755

12,871

13,392

14,593

13,736

13,823

14,520

15,111

14,505

15,532

15,494

14,993

Liabilities
Current
Accounts payable

965

636

971

760

-

860

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

388

181

830

205

-

189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

1,460

-

474

545

351

939

962

663

758

902

710

576

938

826

336

286

799

815

520

457

780

570

554

512

1,157

677

748

698

570

514

688

1,034

512

Deferred revenue

119

213

112

126

117

127

2

51

2

208

2

5

42

95

42

35

43

40

41

138

40

44

6

6

13

13

263

257

327

312

312

312

312

312

313

304

250

Income taxes payable

1,741

1,770

2,086

1,872

1,731

1,357

1,234

1,481

1,403

1,101

325

492

1,190

893

727

661

403

293

278

450

307

140

-276

-281

-281

0

-74

-74

-86

45

-219

290

540

437

330

310

620

Line of credit (see Note 9)

-

-

-

-

-

-

-

-

-

-

250

600

700

-

250

750

450

200

250

400

775

750

1,350

1,000

1,600

1,400

1,400

1,400

1,775

1,205

875

875

725

650

-

-

-

Short term line of credit (Note 11)

3,555

2,389

1,841

2,500

4,182

2,798

250

250

250

250

-

-

-

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

500

-

Current portion of lease liability (Note 3)

393

405

404

403

343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long term debt (Note 12)

1,197

1,196

621

671

721

771

201

201

201

201

201

201

201

201

201

201

201

201

337

347

345

358

201

1,068

294

304

312

304

313

318

320

308

330

329

330

336

122

Total current liabilities

8,361

6,793

6,868

6,541

8,556

6,104

2,162

2,530

2,208

2,700

1,742

1,961

2,892

2,342

1,932

2,224

2,036

1,561

1,244

1,622

2,267

2,108

1,801

2,251

2,407

2,288

2,457

2,400

3,429

2,560

2,037

2,484

2,479

2,244

3,161

2,278

1,505

Convertible note payable (Note 13)

500

500

500

500

1,000

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities (Note 3)

311

383

466

546

396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liability

1,058

1,058

863

863

863

989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term debt (Note 12)

2,982

3,183

3,914

3,702

3,425

3,580

0

50

100

150

201

251

301

352

-

-

-

553

-

-

-

754

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

402

452

502

-

603

653

704

-

967

158

922

-

1,237

1,246

1,325

-

1,625

1,603

1,653

1,647

1,791

2,001

2,206

Long term debt (see Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

993

-

-

-

1,407

-

-

-

-

-

-

-

Total liabilities

13,214

11,919

12,612

12,153

14,241

11,674

2,162

2,581

2,309

2,851

1,943

2,213

3,193

2,694

2,334

2,667

2,539

2,114

1,848

2,276

2,971

2,863

2,768

2,410

3,329

3,281

3,694

3,647

4,754

3,967

3,663

4,088

4,132

3,892

4,953

4,487

3,711

Stockholders' Equity
Capital stock (see Note 15) 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: 12,240,545 (December 31, 2019: 12,215,545) common shares

12

12

12

12

11

11

11

11

11

11

11

11

11

11

11

11

11

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

Capital in excess of par value

16,491

16,437

16,291

16,035

15,344

15,328

15,228

-

-

15,114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Authorized 1,000,000 preferred shares with a par value of $0.01 each

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Capital in excess of par value

-

-

-

-

-

-

-

15,202

15,176

-

14,967

14,921

14,868

14,842

14,801

14,767

14,755

16,317

16,287

16,262

16,244

16,227

16,204

16,177

16,156

16,135

16,096

16,054

16,030

16,006

15,960

15,929

15,896

15,864

15,730

15,680

16,638

Other comprehensive loss

-1,093

-994

-1,121

-1,096

-1,040

-1,222

-844

-961

-775

-656

-555

-860

-1,047

-1,087

-1,074

-1,271

-1,282

-1,205

-1,044

-693

-772

-267

-32

257

66

328

439

368

497

574

629

474

588

477

319

704

554

Accumulated earnings

3,720

2,456

2,860

2,448

3,362

2,941

3,145

3,291

1,155

451

1,944

2,223

1,949

-1,303

-1,707

-1,793

-2,354

-3,096

-3,541

-3,778

-4,096

-4,601

-4,583

-4,760

-5,160

-5,004

-7,372

-6,690

-6,702

-6,826

-6,443

-5,985

-5,519

-5,741

-5,484

-5,391

-5,924

Total stockholders' equity - controlling interest

19,130

17,911

18,043

17,399

17,678

17,059

17,541

17,543

15,568

14,921

16,367

16,294

15,782

12,463

12,031

11,714

11,129

12,028

11,715

11,803

11,388

11,371

11,610

11,687

11,076

11,473

9,176

9,745

9,838

9,768

10,159

10,431

10,978

10,612

10,578

11,006

11,282

Non-controlling interests (Note 16)

2,474

2,550

2,856

2,683

2,491

2,462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Stockholders' Equity

21,605

20,461

20,900

20,083

20,170

19,521

-

-

-

14,921

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities and Stockholders' Equity

34,819

32,380

33,512

32,236

34,411

31,196

19,704

20,124

17,877

17,773

18,310

18,508

18,975

15,158

14,366

14,391

13,668

14,142

13,563

14,079

14,360

14,234

14,370

14,097

14,405

14,755

12,871

13,392

14,593

13,736

13,823

14,520

15,111

14,505

15,532

15,494

14,993

Commitments and Subsequent events (See Notes 20 and 21)

-

-

-

-

-

-

0

0

-

-

-

0

-

0

-

-

0

0

0

0

-

0

0

0

-

-

0

0

-

-

0

-

-

-

-

-

-