$FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC Stock $fsi

$fsi Overview Financials Valuation SEC Filings Company Website

2012 Q1 Form 10-Q Financial Statement

#000135448812002573 Filed on May 15, 2012

Income Statement

Concept	2012 Q1	2011 Q1
Revenue	$5.194M	$4.357M
YoY Change	19.2%	28.92%
Cost Of Revenue	$3.220M	$2.574M
YoY Change	25.1%	39.13%
Gross Profit	$1.974M	$1.784M
YoY Change	10.69%	16.57%
Gross Profit Margin	38.01%	40.93%
Selling, General & Admin	$1.130M	$1.060M
YoY Change	6.6%	17.78%
% of Gross Profit	57.24%	59.43%
Research & Development	$20.17K	$14.12K
YoY Change	42.86%	-29.43%
% of Gross Profit	1.02%	0.79%
Depreciation & Amortization	$306.5K	$81.15K
YoY Change	277.74%	-9.83%
% of Gross Profit	15.53%	4.55%
Operating Expenses	$1.194M	$1.105M
YoY Change	8.02%	20.15%
Operating Profit	$780.1K	$678.1K
YoY Change	15.04%	11.17%
Interest Expense	$34.80K	$19.28K
YoY Change	80.48%	-164.27%
% of Operating Profit	4.46%	2.84%
Other Income/Expense, Net
YoY Change
Pretax Income	$782.7K	$678.1K
YoY Change	15.42%	16.92%
Income Tax	$570.0K	$320.0K
% Of Pretax Income	72.83%	47.19%
Net Earnings	$222.7K	$358.1K
YoY Change	-37.82%	-31.13%
Net Earnings / Revenue	4.29%	8.22%
Basic Earnings Per Share	$0.02	$0.03
Diluted Earnings Per Share	$0.02	$0.03
COMMON SHARES
Basic Shares Outstanding	13.17M shares	13.60M shares
Diluted Shares Outstanding	13.40M shares	13.60M shares

Balance Sheet

Concept	2012 Q1	2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$750.0K	$530.0K
YoY Change	41.51%	-67.68%
Cash & Equivalents	$752.9K	$530.0K
Short-Term Investments
Other Short-Term Assets	$150.0K	$160.0K
YoY Change	-6.25%	33.33%
Inventory	$3.090M	$2.530M
Prepaid Expenses	$146.9K
Receivables	$2.650M	$3.120M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$6.640M	$6.340M
YoY Change	4.73%	-7.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.026M	$8.220M
YoY Change	-2.36%	10.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$10.00K	$10.00K
YoY Change	0.0%	0.0%
Other Assets	$230.0K	$200.0K
YoY Change	15.0%	66.67%
Total Long-Term Assets	$8.472M	$8.660M
YoY Change	-2.17%	10.6%
TOTAL ASSETS
Total Short-Term Assets	$6.640M	$6.340M
Total Long-Term Assets	$8.472M	$8.660M
Total Assets	$15.11M	$15.00M
YoY Change	0.75%	2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$570.0K	$620.0K
YoY Change	-8.06%	34.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$730.0K	$0.00
YoY Change
Long-Term Debt Due	$330.1K	$130.0K
YoY Change	153.9%	18.18%
Total Short-Term Liabilities	$2.479M	$1.990M
YoY Change	24.58%	188.41%
LONG-TERM LIABILITIES
Long-Term Debt	$1.650M	$2.230M
YoY Change	-26.01%	-1.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$1.650M	$2.230M
YoY Change	-26.01%	-1.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.479M	$1.990M
Total Long-Term Liabilities	$1.650M	$2.230M
Total Liabilities	$4.133M	$4.220M
YoY Change	-2.07%	43.05%
SHAREHOLDERS EQUITY
Retained Earnings	-$5.519M
YoY Change
Common Stock	$15.91M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$10.98M	$10.77M
YoY Change
Total Liabilities & Shareholders Equity	$15.11M	$15.00M
YoY Change	0.75%	2.04%

Cashflow Statement

Concept	2012 Q1	2011 Q1
OPERATING ACTIVITIES
Net Income	$222.7K	$358.1K
YoY Change	-37.82%	-31.13%
Depreciation, Depletion And Amortization	$306.5K	$81.15K
YoY Change	277.74%	-9.83%
Cash From Operating Activities	$193.6K	-$895.2K
YoY Change	-121.63%	108.18%
INVESTING ACTIVITIES
Capital Expenditures	$7.412K	$287.7K
YoY Change	-97.42%	-459.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$7.412K	-$287.7K
YoY Change	-97.42%	259.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$1.030M
YoY Change	-100.0%
Debt Paid & Issued, Net	-$31.80K	$30.76K
YoY Change	-203.39%
Cash From Financing Activities	$43.20K	-$1.061M
YoY Change	-104.07%
NET CHANGE
Cash From Operating Activities	$193.6K	-$895.2K
Cash From Investing Activities	-$7.412K	-$287.7K
Cash From Financing Activities	$43.20K	-$1.061M
Net Change In Cash	$229.4K	-$2.244M
YoY Change	-110.22%	340.0%
FREE CASH FLOW
Cash From Operating Activities	$193.6K	-$895.2K
Capital Expenditures	$7.412K	$287.7K
Free Cash Flow	$186.2K	-$1.183M
YoY Change	-115.74%	237.96%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q1	dei	Entity Registrant Name EntityRegistrantName	FLEXIBLE SOLUTIONS INTERNATIONAL INC
CY2012Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001069394
CY2012Q1	dei	Document Type DocumentType	10-Q
CY2012Q1	dei	Document Period End Date DocumentPeriodEndDate	2012-03-31
CY2012Q1	dei	Amendment Flag AmendmentFlag	false
CY2012Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2012Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2012Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2012Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2012Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2012Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2012Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
CY2012Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2012Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2011Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2012Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2011Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2011Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2012Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2012Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2012Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	13169991	shares
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	13169991	shares
CY2012Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13169991	shares
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	13169991	shares
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	752858	usd
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	506903	usd
CY2012Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2650296	usd
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2332019	usd
CY2012Q1	us-gaap	Inventory Net InventoryNet	3089661	usd
CY2011Q4	us-gaap	Inventory Net InventoryNet	2890511	usd
CY2012Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	146889	usd
CY2011Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	135361	usd
CY2012Q1	us-gaap	Assets Current AssetsCurrent	6639704	usd
CY2011Q4	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	219000	usd
CY2012Q1	us-gaap	Assets Assets	15111754	usd
CY2011Q4	us-gaap	Assets Assets	14505247	usd
CY2012Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	570508	usd
CY2011Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	514890	usd
CY2012Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	312537	usd
CY2011Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	312392	usd
CY2012Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	540998	usd
CY2011Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	437998	usd
CY2011Q4	us-gaap	Assets Current AssetsCurrent	5864794	usd
CY2012Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8025980	usd
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8205514	usd
CY2012Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	209196	usd
CY2011Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	208206	usd
CY2012Q1	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	7874	usd
CY2011Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	15864348	usd
CY2012Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	588147	usd
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	477139	usd
CY2011Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	7733	usd
CY2012Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	229000	usd
CY2012Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-5519022	usd
CY2012Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	330067	usd
CY2011Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	329389	usd
CY2012Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2479110	usd
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2244669	usd
CY2012Q1	us-gaap	Long Term Loans Payable LongTermLoansPayable	1653644	usd
CY2011Q4	us-gaap	Long Term Loans Payable LongTermLoansPayable	1647603	usd
CY2012Q1	us-gaap	Liabilities Liabilities	4132754	usd
CY2011Q4	us-gaap	Liabilities Liabilities	3892272	usd
CY2012Q1	us-gaap	Common Stock Value CommonStockValue	13170	usd
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	13170	usd
CY2012Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	15896705	usd
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-5741682	usd
CY2012Q1	us-gaap	Stockholders Equity StockholdersEquity	10978000	usd
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	10612975	usd
CY2012Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15111754	usd
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14505247	usd
CY2012Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	13169991	shares
CY2012Q2	dei	Entity Public Float EntityPublicFloat	13170	usd
CY2012Q1	us-gaap	Line Of Credit LineOfCredit	725000	usd
CY2011Q4	us-gaap	Line Of Credit LineOfCredit	650000	usd
CY2012Q1	us-gaap	Sales Commissions And Fees SalesCommissionsAndFees	76702	usd
CY2011Q1	us-gaap	Sales Commissions And Fees SalesCommissionsAndFees	66658	usd
CY2012Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	20165	usd
CY2011Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	14115	usd
CY2012Q1	us-gaap	Shipping Handling And Transportation Costs ShippingHandlingAndTransportationCosts	9188	usd
CY2011Q1	us-gaap	Shipping Handling And Transportation Costs ShippingHandlingAndTransportationCosts	8119	usd
CY2012Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	6750	usd
CY2011Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	8908	usd
CY2012Q1	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	29354	usd
CY2011Q1	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	32650	usd
CY2012Q1	us-gaap	Professional Fees ProfessionalFees	92124	usd
CY2011Q1	us-gaap	Professional Fees ProfessionalFees	44931	usd
CY2012Q1	FSI	Consulting Consulting	68940	usd
CY2011Q1	FSI	Consulting Consulting	30691	usd
CY2012Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	47194	usd
CY2011Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	44665	usd
CY2012Q1	us-gaap	Interest Expense InterestExpense	34799	usd
CY2011Q1	us-gaap	Interest Expense InterestExpense	19281	usd
CY2012Q1	us-gaap	General Insurance Expense GeneralInsuranceExpense	65013	usd
CY2011Q1	us-gaap	General Insurance Expense GeneralInsuranceExpense	56098	usd
CY2012Q1	us-gaap	Other General Expense OtherGeneralExpense	99421	usd
CY2011Q1	us-gaap	Other General Expense OtherGeneralExpense	97335	usd
CY2012Q1	FSI	Investor Relations And Transfer Agent Fee InvestorRelationsAndTransferAgentFee	59010	usd
CY2011Q1	FSI	Investor Relations And Transfer Agent Fee InvestorRelationsAndTransferAgentFee	25824	usd
CY2012Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	26042	usd
CY2011Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	37610	usd
CY2012Q1	us-gaap	Officers Compensation OfficersCompensation	130533	usd
CY2011Q1	us-gaap	Salaries And Wages SalariesAndWages	470838	usd
CY2012Q1	us-gaap	Gross Profit GrossProfit	1974174	usd
CY2011Q1	us-gaap	Gross Profit GrossProfit	1783519	usd
CY2012Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3219897	usd
CY2011Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2573948	usd
CY2011Q1	us-gaap	Officers Compensation OfficersCompensation	93614	usd
CY2012Q1	us-gaap	Salaries And Wages SalariesAndWages	388563	usd
CY2012Q1	us-gaap	Sales Revenue Net SalesRevenueNet	5194071	usd
CY2011Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4357467	usd
CY2012Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-6230	usd
CY2011Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-12923	usd
CY2012Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	34064	usd
CY2011Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	41152	usd
CY2012Q1	us-gaap	Operating Expenses OperatingExpenses	1194092	usd
CY2011Q1	us-gaap	Operating Expenses OperatingExpenses	1105412	usd
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	782660	usd
CY2011Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	678107	usd
CY2012Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	361	usd
CY2011Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest		usd
CY2012Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	2217	usd
CY2011Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		usd
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	780082	usd
CY2011Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	678107	usd
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	570000	usd
CY2011Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	320000	usd
CY2012Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-10000	usd
CY2011Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit		usd
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13403559	shares
CY2011Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13596698	shares
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13169991	shares
CY2011Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13596698	shares
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2011Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2011Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	222660	usd
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	358107	usd
CY2012Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.02
CY2011Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.04
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	333668	usd
CY2011Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	484797	usd
CY2012Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	111008	usd
CY2011Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	126690	usd
CY2012Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-10381	usd
CY2011Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	34666	usd
CY2012Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-188463	usd
CY2011Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	24899	usd
CY2012Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-313421	usd
CY2011Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1916725	usd
CY2012Q1	us-gaap	Depreciation Depreciation	306548	usd
CY2011Q1	us-gaap	Depreciation Depreciation	81153	usd
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	32334	usd
CY2011Q1	us-gaap	Share Based Compensation ShareBasedCompensation	36839	usd
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	51352	usd
CY2011Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	110908	usd
CY2012Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	103000	usd
CY2011Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	320000	usd
CY2012Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue		usd
CY2011Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	54975	usd
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	193629	usd
CY2011Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-895178	usd
CY2012Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-10000	usd
CY2011Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes		usd
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	43199	usd
CY2011Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1061107	usd
CY2012Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock		usd
CY2011Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1030349	usd
CY2012Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	31801	usd
CY2011Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	30758	usd
CY2012Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	75000	usd
CY2011Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit		usd
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7412	usd
CY2011Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-287698	usd
CY2012Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7412	usd
CY2011Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	287698	usd
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	245953	usd
CY2011Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2237711	usd
CY2012Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	16537	usd
CY2011Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	6272	usd
CY2012Q1	us-gaap	Cash Cash	752858	usd
CY2011Q4	us-gaap	Cash Cash	506905	usd
CY2011Q1	us-gaap	Cash Cash	525709	usd
CY2010Q4	us-gaap	Cash Cash	2763420	usd
CY2012Q1	us-gaap	Interest Paid InterestPaid	34799	usd
CY2011Q1	us-gaap	Interest Paid InterestPaid	19281	usd
CY2012Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	457000	usd
CY2011Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid		usd
CY2012Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><font style="font-size: 8pt">These unaudited consolidated financial statements of Flexible Solutions International, Inc (the Company) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. These financial statements are condensed and do not include all disclosures required for annual financial statements. The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to the Companys audited consolidated financial statements filed as part of the Companys December 31, 2011 Annual Report on Form 10-K. This quarterly report should be read in conjunction with such annual report.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><font style="font-size: 8pt">In the opinion of the Companys management, these consolidated financial statements reflect all adjustments necessary to present fairly the Companys unaudited consolidated financial position at March 31, 2012, and the unaudited consolidated results of operations and the unaudited consolidated statements of cash flows for the three months ended March 31, 2012 and 2011. The results of operations for the three months ended March 31, 2012 are not necessarily indicative of the results to be expected for the entire fiscal year.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><font style="font-size: 8pt">These unaudited consolidated financial statements include the accounts of Flexible Solutions International, Inc. (the Company), and its wholly-owned subsidiaries Flexible Solutions, Ltd. (Flexible Ltd.) and NanoChem Solutions Inc. All inter-company balances and transactions have been eliminated. The Company was incorporated May 12, 1998 in the State of Nevada.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><font style="font-size: 8pt">The Company and its subsidiaries develop, manufacture and market specialty chemicals which slow the evaporation of water. The Companys primary product, HEAT$AVR®, is marketed for use in swimming pools and spas where its use, by slowing the evaporation of water, allows the water to retain a higher temperature for a longer period of time and thereby reduces the energy required to maintain the desired temperature of the water in the pool. Another product, WATER$AVR®, is marketed for water conservation in irrigation canals, aquaculture, and reservoirs where its use slows water loss due to evaporation. In addition to the water conservation products, the Company also manufacturers and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers (hereinafter referred to as TPAs), which are beta-proteins manufactured from the common biological amino acid, L-aspartic. TPAs can be formulated to prevent corrosion and scaling in water piping within the petroleum, chemical, utility and mining industries. TPAs are also used as proteins to enhance fertilizers in improving crop yields and as additives for household laundry detergents, consumer care products and pesticides.</font></p>

Files In Submission

Name	View Source	Status
0001354488-12-002573-index-headers.html	Edgar Link	pending
0001354488-12-002573-index.html	Edgar Link	pending
0001354488-12-002573.txt	Edgar Link	pending
0001354488-12-002573-xbrl.zip	Edgar Link	pending
Financial_Report.xls	Edgar Link	pending
fsi-20120331.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
fsi-20120331_cal.xml	Edgar Link	unprocessable
fsi-20120331_def.xml	Edgar Link	unprocessable
fsi-20120331_lab.xml	Edgar Link	unprocessable
fsi-20120331_pre.xml	Edgar Link	unprocessable
fsi-20120331.xml	Edgar Link	completed
fsi_10q.htm	Edgar Link	pending
fsi_ex311.htm	Edgar Link	pending
fsi_ex312.htm	Edgar Link	pending
fsi_ex321.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC Stock $fsi

2012 Q1 Form 10-Q Financial Statement

#000135448812002573 Filed on May 15, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FSI FLEXIBLE SOLUTIONS INTERNATIONAL INC Stock $fsi

2012 Q1 Form 10-Q Financial Statement

#000135448812002573 Filed on May 15, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC Stock $fsi