| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Sales | |||||||||
27,440 | 17,829 | 15,494 | - | - | - | - | - | - | - |
Sales | |||||||||
- | - | - | 16,246 | 15,898 | 15,907 | 15,801 | 16,400 | 15,518 | 11,491 |
Cost of sales | |||||||||
18,819 | 12,192 | 9,508 | 9,256 | 9,696 | 10,767 | 11,271 | 11,127 | 9,663 | 7,018 |
Gross profit | |||||||||
8,620 | 5,636 | 5,985 | 6,989 | 6,202 | 5,140 | 4,530 | 5,272 | 5,855 | 4,473 |
Operating Expenses | |||||||||
Wages | |||||||||
2,225 | 1,729 | 1,647 | 1,528 | 1,532 | 1,560 | 1,795 | 1,729 | 1,767 | 1,652 |
Administrative salaries and benefits | |||||||||
891 | 1,082 | 1,007 | 838 | 715 | 782 | 801 | 792 | 362 | 336 |
Advertising and promotion | |||||||||
159 | 68 | 18 | 21 | 34 | 36 | 25 | 63 | 105 | 92 |
Investor relations and transfer agent fee | |||||||||
90 | 132 | 152 | 131 | 125 | 208 | 221 | 224 | 200 | 132 |
Office and miscellaneous | |||||||||
257 | 247 | 238 | 269 | 308 | 366 | 760 | 504 | 484 | 478 |
Insurance | |||||||||
462 | 312 | 285 | 301 | 292 | 299 | 290 | 288 | 256 | 205 |
Interest expense | |||||||||
428 | 93 | 44 | 41 | 55 | 94 | 109 | 128 | 95 | 77 |
Lease expense | |||||||||
462 | 249 | - | - | - | - | - | - | - | - |
Consulting | |||||||||
273 | 186 | - | - | - | - | - | - | - | - |
Rent | |||||||||
- | - | 241 | 117 | 127 | 169 | 191 | 182 | 184 | 169 |
Consulting | |||||||||
- | - | 133 | 119 | 131 | 225 | 316 | 296 | 133 | 99 |
Professional fees | |||||||||
444 | 282 | 222 | 184 | 172 | 287 | 330 | 523 | 410 | 212 |
Travel | |||||||||
318 | 137 | 137 | 140 | 109 | 138 | 123 | 142 | 136 | 130 |
Telecommunications | |||||||||
44 | 32 | 26 | 24 | 34 | 31 | 31 | 30 | 35 | 39 |
Shipping | |||||||||
18 | 19 | 19 | - | - | - | - | - | - | - |
Shipping | |||||||||
- | - | - | 16 | 20 | 30 | 25 | 39 | 35 | 35 |
Research | |||||||||
123 | 135 | 98 | 95 | 95 | 134 | 123 | 68 | 73 | 70 |
Commissions | |||||||||
76 | 46 | 112 | 66 | 122 | 121 | 122 | 166 | 139 | 133 |
Bad debt expense | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Bad debt expense | |||||||||
231 | - | 1 | - | - | 0 | 37 | -0 | 0 | 5 |
Currency exchange | |||||||||
-187 | 445 | -64 | 10 | 55 | 75 | 4 | 9 | -9 | -8 |
Utilities | |||||||||
15 | 16 | 21 | 17 | 28 | 65 | 122 | 134 | 114 | 93 |
Total operating expenses | |||||||||
6,712 | 4,329 | 4,474 | 3,904 | 3,851 | 4,479 | 5,424 | 5,306 | 4,546 | 3,972 |
Operating income | |||||||||
1,907 | 1,307 | 1,511 | 3,085 | 2,350 | 660 | -894 | -34 | 1,308 | 500 |
Gain on involuntary disposition (net of tax) (Note 7) | |||||||||
- | 1,714 | 2,043 | - | - | - | - | - | - | - |
Gain of sale of equipment | |||||||||
2 | - | - | - | - | - | - | - | - | - |
Gain (loss) on sale of equipment | |||||||||
- | - | - | 6 | -45 | 0 | 2 | 2 | 0 | - |
Gain (loss) on involuntary disposition (net of tax) | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Exclusive distributor fee | |||||||||
- | - | - | - | - | - | 250 | 0 | - | - |
Write down of inventory | |||||||||
- | - | -51 | 0 | - | - | 81 | 0 | - | - |
Gain on investment | |||||||||
323 | -3 | -84 | - | - | - | - | - | - | - |
Loss on investment | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Income (loss) before income tax | |||||||||
- | - | - | - | - | - | - | - | -77 | - |
Loss on investment | |||||||||
- | - | - | -15 | - | - | - | - | - | - |
Interest income | |||||||||
80 | 36 | 0 | 2 | 2 | 0 | 2 | 0 | 0 | 0 |
Income (loss) before income tax | |||||||||
- | - | - | 3,079 | - | - | - | - | - | - |
Income before income tax | |||||||||
2,314 | 3,054 | 3,420 | - | 2,308 | 660 | -721 | -31 | 1,308 | 500 |
Income taxes | |||||||||
Deferred income tax recovery | |||||||||
-602 | 100 | 985 | 303 | 38 | -164 | -2,408 | -73 | - | -80 |
Deferred income tax recovery | |||||||||
- | - | - | - | - | - | - | - | 20 | - |
Income tax expense | |||||||||
619 | 533 | 680 | 982 | 765 | 422 | -134 | 1,126 | 1,145 | -770 |
Net income for the period including non-controlling interests | |||||||||
2,297 | 2,421 | 1,754 | - | - | - | - | - | - | - |
Less: Net income attributable to non-controlling interests | |||||||||
384 | -68 | - | - | - | - | - | - | - | - |
Net income attributable to controlling interest | |||||||||
1,912 | 2,490 | 1,754 | 1,793 | 1,504 | 403 | 1,821 | -1,084 | 182 | -190 |
Net income per share (basic) | |||||||||
- | - | - | 0.16 | - | - | - | - | - | -0.01 |
Net income per share (diluted) | |||||||||
- | - | - | 0.15 | - | - | - | - | - | 0.00 |
Income per share (basic and diluted) | |||||||||
0.16 | 0.21 | 0.15 | - | 0.11 | 0.03 | 0.14 | -0.08 | 0.01 | - |
Weighted average number of common shares (basic) | |||||||||
11,945 | 11,630 | 11,485 | 11,464 | 13,173 | 13,169 | - | - | 13,272 | 13,962 |
Weighted average number of common shares (diluted) | |||||||||
12,085 | 11,816 | 11,725 | 11,635 | 13,307 | 13,169 | - | - | 13,478 | 0 |
Other comprehensive income (loss): | |||||||||
Net income for the period including non-controlling interests | |||||||||
2,297 | 2,421 | 1,754 | - | - | - | - | - | - | - |
Unrealized (loss) gain on foreign currency translations | |||||||||
227 | -566 | - | - | - | - | - | - | - | - |
Total comprehensive income | |||||||||
2,525 | 1,855 | - | - | - | - | - | - | - | - |
Unrealized gain (loss) on foreign currency transactions | |||||||||
- | - | 431 | - | - | - | - | - | - | - |
Other comprehensive income (loss) | |||||||||
- | - | - | 118 | -938 | -596 | -246 | 97 | - | - |
Total comprehensive income | |||||||||
- | - | 2,185 | - | - | - | - | - | - | - |
Comprehensive income - non-controlling interest | |||||||||
384 | -68 | 2,185 | - | - | - | - | - | - | - |
Comprehensive income attributable to Flexible Solutions International Inc. | |||||||||
2,140 | 1,923 | - | 1,911 | 566 | -192 | 1,575 | -986 | 105 | - |
Weighted average number of common shares (basic and diluted) | |||||||||
- | - | - | - | - | - | 13,169 | 13,169 | - | - |