Flexible solutions international inc (FSI)
CashFlow / Quarterly
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'11Mar'11
Operating activities
Net income for the period including non-controlling interests

1,331,690

373,942

702,031

180,798

1,040,414

-272,383

-145,470

2,135,906

703,664

-

-

-

3,252,667

404,339

85,964

561,237

741,794

-

237,203

318,671

504,265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to controlling interest

-

-

-

-

-

-

-

-

703,664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-155,578

2,368,205

-681,900

70,168

65,161

-383,027

-458,082

-465,999

222,660

-257,558

-92,293

174,734

358,107

Adjustments to reconcile net income to net cash:
Stock based compensation

29,582

117,420

61,638

61,639

5,747

33,877

26,309

25,306

25,700

47,342

23,058

22,210

23,482

34,395

8,463

11,730

11,730

29,325

17,596

17,595

17,596

22,895

26,888

20,692

20,693

39,237

30,418

35,628

23,872

46,599

31,162

32,355

32,334

133,746

50,107

35,081

36,839

Depreciation and amortization

148,058

157,816

156,483

157,686

148,279

162,001

60,070

60,790

59,700

97,103

53,976

55,162

80,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on investment

140,182

-

-

28,862

230,652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in deferred tax asset

-

-

-

-

-

-

-

-

-

967,983

-5,892

46,808

-23,404

-170,221

-29,193

-104,379

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on involuntary disposition

-

-

-

-

-

-

-

-

-

-

-

-

2,572,288

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in non-cash working capital items:
(Increase) Decrease in accounts receivable

3,192,845

-149,853

1,304,239

-4,056,974

3,222,431

413,773

298,637

-131,128

467,008

-816,738

-759,213

-1,311,655

1,975,550

921,688

-262,580

-1,155,345

1,695,504

-598,641

358,199

-916,232

807,204

-478,936

568,617

-619,911

871,669

-197,449

-442,337

1,181,694

-633,475

-197,088

357,189

288,782

-313,421

367,859

236,963

173,641

-1,916,725

(Increase) Decrease in inventories

-235,397

655,995

-739,209

552,793

8,764

1,582,084

898,494

-406,516

111,400

222,354

470,965

-731,972

925,992

648,273

-77,847

612,039

-676,187

-436,497

131,264

171,353

8,833

208,886

272,017

46,874

-86,287

-103,212

152,308

-35,605

-200,939

-587,524

430,370

-113,633

-188,463

996,021

-707,490

-677,290

24,899

(Increase) Decrease in prepaid expenses

85,116

-138,104

181,825

-117,588

92,199

2,005

108,773

-75,441

-88,612

97,109

932

-27,090

-47,193

-54,006

-41,787

187,492

-107,492

-80,971

25,168

186,259

-2,510

-24,540

48,542

-25,494

2,933

-48,097

-54,244

118,042

-11,478

40,177

38,091

-58,142

-10,381

36,754

19,430

-35,312

34,666

Increase (Decrease) in accounts payable

-

-

-

-

-

-

-

-

-

-

180,811

-430,454

-91,874

-

226,885

-367,149

103,305

493,325

62,137

-517,734

795

302,456

70,233

-320,223

218,637

13,264

36,736

-684,453

542,941

-66,427

39,029

133,714

51,352

-188,445

-315,567

411,135

110,908

Increase (Decrease) in accounts payable and accrued liabilities

444,898

-1,181,987

970,017

-503,793

403,062

95,674

-76,454

206,293

-577,021

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in taxes payable

-29,038

-162,256

203,635

146,638

379,080

110,146

-247,221

78,455

301,896

819,965

-210,717

-698,394

296,875

166,185

66,645

257,927

109,872

14,971

-172,346

143,106

166,665

422,044

0

0

0

-207,200

0

57,500

-177,500

265,000

-510,000

-250,000

103,000

107,998

20,000

-630,000

320,000

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136,491

137,108

131,587

147,991

145,170

128,235

156,942

363,084

100,763

125,287

200,599

320,523

321,607

327,287

329,199

336,710

307,791

305,189

306,548

82,339

84,738

82,193

81,153

Increase (Decrease) in deferred income tax

-

-

266,908

0

-125,999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-10,000

-

-20,000

0

0

Increase (Decrease) deferred revenue

2,560

100,304

-14,495

-9,032

9,276

-16

-49,320

49,320

-205,920

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in deferred revenue

-

-

-

-

-

-

-

-

-

-

89,853

-132,754

-52,499

55,628

0

0

0

-

-

-

-

40,651

-17

-6,848

0

-250,042

6,712

-69,727

14,752

0

0

0

0

-406

8,000

0

54,975

Cash used in operating activities

-1,254,996

-1,671,562

1,677,345

4,058,354

-1,694,187

-1,765,282

-1,737,990

1,454,894

-181,777

1,003,039

446,913

1,486,680

-1,894,207

-408,138

935,855

1,061,046

186,463

1,161,692

795,602

748,211

31,146

1,155,532

-505,271

915,901

-503,964

305,523

57,847

164,056

-47,467

-608,691

235,550

-127,734

193,629

1,278,308

-716,112

-465,818

-895,178

Investing activities
Long term deposit

22,084

-

-

-

-

-

-

-

-

-

-

-

-

-15,575

0

-700

350

743

-5,440

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment

743,437

-162,787

331,536

-163,750

996,001

713,414

-914

-6,250

-6,250

-

-6,250

-6,250

-6,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance

-

-

-

-

-

-

-

-

-

-52,721

-307,432

-326,570

4,053,612

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net purchase of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,028

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,407

-

-

-

-

-

-

-

-

Net purchase of property, equipment and leaseholds

96,280

434,123

79,603

41,758

1,275,835

148,571

7,579

17,183

7,497

368,604

1,570

26,403

29,903

12,508

22,012

-10,951

90,701

-

-

-51,901

0

-

-

10,029

6,161

153,468

26,610

48,339

7,148

-189,728

7,475

78,120

7,412

1,535,664

-121,563

-906,951

287,698

Cash used in investing activities

-817,633

-105,794

-410,992

121,992

-2,271,836

-4,945,978

-26,216

2,415,943

-1,247

-407,095

-302,752

-346,723

4,029,959

-115,583

-22,012

10,951

-91,051

-99,719

-15,909

22,873

29,028

59

-8,404

-10,029

-6,161

-150,747

-26,610

-50,746

-4,741

189,728

-7,475

-78,120

-7,412

-1,535,664

1,360,069

-331,555

-287,698

Financing activities
Draw from short term line of credit

1,165,850

-

-

-

1,383,929

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans

201,027

-

-

-

205,262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Draw from short term line of credit

-

-

-

-

-

-

-

-

-

-

-

-100,000

450,000

0

-500,000

300,000

250,000

-50,000

-150,000

-375,000

25,000

-600,000

350,000

-600,000

200,000

0

0

-375,000

570,000

330,000

0

150,000

75,000

-850,000

1,000,000

500,000

0

Loan repayment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,299

50,298

39,993

1,030,657

32,589

31,804

209,814

32,843

136,065

-51,577

-

-32,766

-31,897

-31,801

403,220

-156,630

31,708

30,758

Loans

-

-

-

-

-

-

-

-50,299

-50,298

-50,298

-50,298

-50,299

-50,298

-50,298

-50,298

-50,299

-50,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

-

921,776

0

885,874

590,483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Partnership distributions

143,002

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,575,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,060,698

0

1,030,349

Proceeds from issuance of common stock

24,750

28,250

195,140

129,020

10,850

66,000

0

0

36,360

100,440

23,080

30,250

2,250

6,520

26,080

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

846,571

-739,652

-535,963

-2,411,341

599,034

6,242,840

-50,298

-50,299

-13,938

50,142

-377,218

-120,049

401,952

-43,778

-524,218

249,701

-1,375,298

-242,766

-192,298

-425,299

-25,298

-639,993

325,310

-632,589

168,196

-209,814

-32,843

-407,911

518,423

133,067

-32,766

118,103

43,199

-1,064,892

968,302

468,292

-1,061,107

Effect of exchange rate changes on cash

3,653

150,598

-99,060

-95,188

204,986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Outflow of cash

-1,222,405

-2,366,410

631,330

1,673,817

-3,162,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash, cash equivalents and restricted cash are comprised of:
Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-101,301

-51,513

294,154

367,139

-138,350

115,327

-48,033

10,311

29,785

-4,440

-29,029

2,886

-5,459

-68,091

-7,556

-9,100

5,590

100,161

12,207

-15,531

-5,587

-7,937

7,928

-19,200

16,537

28,213

-8,939

990

6,272

Inflow (outflow) of cash

-

-

-

-

-

-

-

-

-298,263

594,574

61,097

1,387,047

2,399,354

-452,172

341,592

1,332,009

-1,250,101

814,767

558,366

348,671

29,417

447,507

-195,921

264,183

-336,339

45,123

10,601

-310,132

460,628

-487,275

203,237

-106,951

245,953

187,597

121,688

-328,091

-2,237,711

Supplemental disclosure of cash flow information:
Income taxes paid

464,026

-

-

-

-

-

-

-

-

0

0

833,766

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,324

448,330

0

250,000

125,000

410,000

0

0

0

0

12,000

2,480

0

190,000

0

696,567

370,000

457,000

155,000

250,000

925,000

0

Interest paid

101,245

102,332

117,631

101,742

108,084

73,020

7,344

7,055

7,356

8,896

9,811

12,729

11,567

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,614

10,944

11,726

11,867

14,831

17,346

23,582

17,535

28,229

26,874

-5,456

38,301

49,411

27,938

42,770

24,223

26,615

34,799

27,092

28,568

20,808

19,281