FLEXIBLE SOLUTIONS INTERNATIONAL INC
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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.
Jun 30, 2026 · Filed Aug 14, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001493152-26-023701
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-14.
0001493152-26-038290
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 24 previous paragraphs and 27 current paragraphs.
13 unchanged; 9 reworded; 5 added; 1 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 5 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 (5)
Current report
We have two product lines.
Current report
The second product line is food grade products and ingredients (“FGPI”) that the Company manufactures for specific clients and are confidential.
Current report
Six Months ended June 30, 2026
Current report
**Research and development services sales are not included in product sales
Current report
Changes to crude oil prices did not materially impact the Company’s operating results for the three and six months ended June 30, 2026.
Removed paragraphs (1)
Previous report
The Company also manufactures food grade products that are made and sold by the TPA division.
Reworded paragraphs (9)
Previous wording
The Company manufactures and markets biodegradable polymers which are used in the oil, gas and agriculture industries. The Company also develops, manufactures and markets specialty chemicals that slow the evaporation of water.
Current wording
The Company develops, manufactures and markets biodegradable polymers which are used in the oil, gas and agriculture industries along with specialty chemicals that slow the evaporation of water. The second segment is food grade products and ingredients that the Company manufactures for specific clients and are confidential.
Previous wording
The second product, biodegradable polymers (“TPAs”), is used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. TPAs can also be used to increase biodegradability in detergents and in the agriculture industry to increase crop yields by enhancing fertilizer uptake.
Current wording
The first is specialty chemicals (“SPCH”). This includes our biodegradable polymers (“TPAs”), used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. TPAs can also be used to increase biodegradability in detergents and in the agriculture industry to increase crop yields by enhancing fertilizer uptake. Along with biodegradable polymers, the Company produces nitrogen conservation products used for the agriculture industry. These products decrease the loss of nitrogen fertilizer after initial application and allows less fertilizer to be used. These products are made and sold by the Company’s SPCH division.
Previous wording
The first is a chemical (“EWCP”) used in swimming pools and spas. The product forms a thin, transparent layer on the water’s surface. The transparent layer slows the evaporation of water, allowing the water to retain a higher temperature for a longer period of time thereby reducing the energy required to maintain the desired temperature of the water. A modified version of EWCP can also be used in reservoirs, potable water storage tanks, livestock watering pods, canals, and irrigation ditches for the purpose of reducing evaporation.
Current wording
The SPCH division also produces a chemical used in swimming pools and spas. The product forms a thin, transparent layer on the water’s surface. The transparent layer slows the evaporation of water, allowing the water to retain a higher temperature for a longer period of time thereby reducing the energy required to maintain the desired temperature of the water. A modified version of EWCP can also be used in reservoirs, potable water storage tanks, livestock watering pods, canals, and irrigation ditches for the purpose of reducing evaporation.
Previous wording
Material changes in the Company’s Statement of Operations for three months ended March 31, 2026 compared to the same period in the prior year are discussed below:
Current wording
Material changes in the Company’s Statement of Operations for six months ended June 30, 2026 compared to the same period in the prior year are discussed below:
Previous wording
Three primary customers accounted for 56% of the Company’s sales during the three months ended March 31, 2026 (2025 - 49%). The amount of revenue (all from the sale of TPA products) attributable to each customer is shown below.
Current wording
Three primary customers accounted for 54% of the Company’s sales during the three months ended June 30, 2026 (2025 - 45%). The amount of revenue attributable to each customer is shown below:
Previous wording
*not a primary customer in that period
Current wording
*not a primary product sales customer in that period
Previous wording
The Company’s sources and (uses) of cash for the three months ended March 31, 2026 and 2025 are shown below:
Current wording
The Company’s sources and (uses) of cash for the six months ended June 30, 2026 and 2025 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 March 31, 2026, working capital was $20,878,345 (December 31, 2025 - $22,173,434) 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 June 30, 2026, working capital was $18,691,445 (December 31, 2025 - $24,227,759) and the Company has no substantial commitments that require significant outlays of cash over the coming fiscal year.
Previous wording
The Company does not anticipate any capital requirements for the twelve months ending March 31, 2027.
Current wording
The Company does not anticipate any capital requirements beyond cash on hand for the twelve months ending June 30, 2027.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
The third product line is nitrogen conservation products used for the agriculture industry. These products decrease the loss of nitrogen fertilizer after initial application and allows less fertilizer to be used. These products are made and sold by the Company’s TPA division.