FLEXIBLE SOLUTIONS INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-14.
0001493152-24-032358
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-11-14.
0001493152-24-045777
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 20 previous paragraphs and 21 current paragraphs.
15 unchanged; 4 reworded; 2 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 6 previous and 6 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
Nine Months ended September 30, 2024
Current report
*not a primary customer in that period
Removed paragraphs (1)
Previous report
Six Months ended June 30, 2024
Reworded paragraphs (4)
Previous wording
Material changes in the Company’s Statement of Operations for six and three months ended June 30, 2024 compared to the same period in the prior year are discussed below:
Current wording
Material changes in the Company’s Statement of Operations for nine and three months ended September 30, 2024 compared to the same period in the prior year are discussed below:
Previous wording
Three customers accounted for 52% of our sales during the three months ended June 30, 2024 (2023 –50%) and 50% of our sales during the six months ended June 30, 2024 (2023 – 46%). The amount of revenue (all from the sale of TPA products) attributable to each customer is shown below.
Current wording
Three customers accounted for 60% of our sales during the three months ended September 30, 2024 (2023 –67%) and 52% of our sales during the nine months ended September 30, 2024 (2023 – 49%). The amount of revenue (all from the sale of TPA products) attributable to each customer is shown below.
Previous wording
The Company’s sources and (uses) of cash for the six months ended June 30, 2024 and 2023 are shown below:
Current wording
The Company’s sources and (uses) of cash for the nine months ended September 30, 2024 and 2023 are shown below:
Previous wording
The Company has sufficient cash resources to meets its future commitments and cash flow requirements for the coming year. As of June 30, 2024, working capital was $18,004,115 (December 31, 2023 - $20,172,833) and the Company has no substantial commitments that require significant outlays of cash over the coming fiscal year.
Current wording
The Company has sufficient cash resources to meets its future commitments and cash flow requirements for the coming year. As of September 30, 2024, working capital was $22,118,657 (December 31, 2023 - $20,172,833) and the Company has no substantial commitments that require significant outlays of cash over the coming fiscal year.