FLEXIBLE SOLUTIONS INTERNATIONAL INC.: 10-Q filed 2016-08-12

Name: FLEXIBLE SOLUTIONS INTERNATIONAL INC.: 10-Q filed 2016-08-12
Creator: FLEXIBLE SOLUTIONS INTERNATIONAL INC.

What FLEXIBLE SOLUTIONS INTERNATIONAL INC. reported in its quarterly report filed 2016-08-12 (fiscal Q2 2016): 39 published measures, 96 facts as tagged in accession 0001654954-16-001489.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-08-12
Fiscal period: fiscal Q2 2016
Accession: 0001654954-16-001489 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FLEXIBLE SOLUTIONS INTERNATIONAL INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2016-06-30	14,391,547	USD
At 2015-12-31	14,142,630	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2016-06-30	2,667,476	USD
At 2015-12-31	2,114,479	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-06-30	11,714,071	USD
At 2015-12-31	12,028,151	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2016-06-30	2,580,646	USD
At 2015-12-31	2,498,738	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	561,237	USD	91
2016-01-01 to 2016-06-30	1,303,031	USD	182
2015-04-01 to 2015-06-30	318,671	USD	91
2015-01-01 to 2015-06-30	822,936	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	1,247,509	USD	182
2015-01-01 to 2015-06-30	779,357	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	79,750	USD	182
2015-01-01 to 2015-06-30	-51,901	USD	181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	9,045,818	USD	182
2015-01-01 to 2015-06-30	8,864,809	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-1,125,597	USD	182
2015-01-01 to 2015-06-30	-450,597	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-80,100	USD	182
2015-01-01 to 2015-06-30	51,901	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-06-30	-1,793,423	USD
At 2015-12-31	-3,096,454	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	11,427,991	shares	91
2016-01-01 to 2016-06-30	11,485,683	shares	182
2015-04-01 to 2015-06-30	13,169,991	shares	91
2015-01-01 to 2015-06-30	13,169,991	shares	181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	11,577,960	shares	91
2016-01-01 to 2016-06-30	11,558,183	shares	182
2015-04-01 to 2015-06-30	13,427,466	shares	91
2015-01-01 to 2015-06-30	13,320,109	shares	181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	370,170	USD	91
2016-01-01 to 2016-06-30	928,176	USD	182
2015-04-01 to 2015-06-30	268,106	USD	91
2015-01-01 to 2015-06-30	672,703	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-06-30	3,756,391	USD
At 2015-12-31	3,791,109	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	23,460	USD	182
2015-01-01 to 2015-06-30	35,191	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-06-30	8,632,879	USD
At 2015-12-31	7,972,433	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	11,614	USD	91
2016-01-01 to 2016-06-30	22,558	USD	182
2015-04-01 to 2015-06-30	14,831	USD	91
2015-01-01 to 2015-06-30	32,177	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2016-06-30	2,224,790	USD
At 2015-12-31	1,561,197	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2016-06-30	99,937	USD
At 2015-12-31	100,623	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-06-30	2,006,012	USD
At 2015-12-31	1,954,877	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	1,575,000	USD	182
2015-01-01 to 2015-06-30	0	USD	181

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,053,665	USD	91
2016-01-01 to 2016-06-30	1,992,568	USD	182
2015-04-01 to 2015-06-30	1,021,772	USD	91
2015-01-01 to 2015-06-30	1,988,198	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2016-06-30	3,220,888	USD
At 2015-12-31	3,275,476	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,983,158	USD	91
2016-01-01 to 2016-06-30	4,221,861	USD	182
2015-04-01 to 2015-06-30	1,626,930	USD	91
2015-01-01 to 2015-06-30	3,526,123	USD	181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	28,277	USD	91
2016-01-01 to 2016-06-30	64,005	USD	182
2015-04-01 to 2015-06-30	15,710	USD	91
2015-01-01 to 2015-06-30	38,410	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2016-06-30	11,427,991	shares
At 2015-12-31	13,177,991	shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2016-06-30	-1,271,368	USD
At 2015-12-31	-1,205,798	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2016-06-30	754,475	USD
At 2015-12-31	1,112,689	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2016-06-30	10,941,487	USD
At 2015-12-31	10,549,904	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2016-06-30	7,185,096	USD
At 2015-12-31	6,758,795	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	1,303,031	USD	182
2015-01-01 to 2015-06-30	822,936	USD	181

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	572,790	USD	91
2016-01-01 to 2016-06-30	1,237,183	USD	182
2015-04-01 to 2015-06-30	397,014	USD	91
2015-01-01 to 2015-06-30	396,510	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	268,695	USD	182
2015-01-01 to 2015-06-30	285,177	USD	181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	268,695	USD	182
2015-01-01 to 2015-06-30	285,177	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	7,623	USD	182
2015-01-01 to 2015-06-30	8,202	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	540,159	USD	182
2015-01-01 to 2015-06-30	-109,028	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-64,148	USD	182
2015-01-01 to 2015-06-30	180,186	USD	181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-263,844	USD	182
2015-01-01 to 2015-06-30	-516,939	USD	181

Inspect the source

Entity: FLEXIBLE SOLUTIONS INTERNATIONAL INC. / CIK 0001069394
Captured: 2026-09-20T05:19:21.229Z
SEC response SHA-256: a903e23dc69a4ed86f2ba2c2fc69dbb381223852dd5b8f6cdd22a02c0a3abd6c

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