<SEC-DOCUMENT>0001004878-16-000396.txt : 20160405
<SEC-HEADER>0001004878-16-000396.hdr.sgml : 20160405
<ACCEPTANCE-DATETIME>20160404194352
ACCESSION NUMBER:		0001004878-16-000396
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160330
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160405
DATE AS OF CHANGE:		20160404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLEXIBLE SOLUTIONS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0001069394
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS CHEMICAL PRODUCTS [2890]
		IRS NUMBER:				911922863
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31540
		FILM NUMBER:		161552680

	BUSINESS ADDRESS:	
		STREET 1:		2614 QUEENSWOOD DR
		CITY:			VICTORIA B C
		STATE:			A1
		ZIP:			V8N 1X5
		BUSINESS PHONE:		2504779969

	MAIL ADDRESS:	
		STREET 1:		2614 QUEENSWOOD DR
		CITY:			VICTORIA BC CANADA
		STATE:			A1
		ZIP:			V8N 1X5
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8kitem202confcall4-16.txt
<DESCRIPTION>8-K RE CONF CALL RE FINANCIALS RESULTS
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

              Date of Report (date of earliest event reported): March 30, 2016

                      FLEXIBLE SOLUTIONS INTERNATIONAL INC.
                      -------------------------------------
             (Exact name of Registrant as specified in its charter)


     Nevada                          001-31540                 91-1922863
--------------------           -----------------------      ------------------
(State or other jurisdiction   (Commission File No.)         (IRS Employer
of incorporation)                                          Identification No.)

                              615 Discovery Street
                       Victoria,British Columbia V8T 5G4
                 ---------------------------------------------
          (Address of principal executive offices, including Zip Code)

Registrant's telephone number, including area code:    (250) 477-9969
                                                      ---------------

                                       N/A
                    ---------------------------------------
          (Former name or former address if changed since last report)

Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

                                       1

<PAGE>


Item 2.02   Results of Operations and Financial Condition

      On March 30, 2016, the Company issued a press release announcing the
Company's financial results for the year ended December 31, 2015.

Item 7.01   Regulation FD Disclosure

      On March 31, 2016, the Company held a conference call to discuss its
financial results for the year ended December 31, 2015, as well as other
information regarding the Company.

Item 9.01   Exhibits

Exhibit
Number     Description of Document

   99.1    March 30, 2016 Press Release

  99.2     Text of opening remarks by Dan O'Brien/March 31, 2016 conference call









                                       2
<PAGE>



                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date:  April 4, 2016
                                 FLEXIBLE SOLUTIONS INTERNATIONAL INC.



                                 By:  /s/ Daniel B. O'Brien
                                      ----------------------------------------
                                     Daniel B. O'Brien, President and Chief
                                        Executive Officer










                                       3

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>form8kitem202ex9914-16.txt
<DESCRIPTION>EXH. 99.1 - PRESS RELEASE RE FINANCIAL RESULTS
<TEXT>
                                  EXHIBIT 99.1


<PAGE>



FLEXIBLE SOLUTIONS

NEWS RELEASE                                                     March 30, 2016


         FLEXIBLE SOLUTIONS ANNOUNCES FULL YEAR, 2015 FINANCIAL RESULTS
                Conference call is scheduled for March 31, 2016.
                     See the time and dial in number below.


VICTORIA,  BRITISH COLUMBIA,  March 30, 2016 - FLEXIBLE SOLUTIONS INTERNATIONAL,
INC. (NYSE Amex:  FSI,  FRANKFURT:  FXT), is the developer and  manufacturer  of
biodegradable  polymers  for oil  extraction,  detergent  ingredients  and water
treatment as well as crop nutrient  availability  chemistry.  Flexible Solutions
also  manufactures  biodegradable  and  environmentally  safe  water and  energy
conservation technologies. Today the Company announces financial results for the
fourth quarter and full year ended December 31, 2015.

Mr. Dan O'Brien,  CEO states, we are pleased with the results of full year 2015,
given  that  both  the  oil  and gas and  agriculture  industries  have  endured
headwinds.  Maintaining revenue even as oil prices dropped dramatically and crop
prices  were  flat to down was  difficult  to do. We have  programs  in place to
resume growth in 2016 but suggest that in this environment, we have less control
than usual as to when, or if, new business will emerge."

     o    Sales for the full year 2015 were flat at $15,898,547 when compared to
          $15,907,849  for full  year  2014.  The  result  was an after tax GAAP
          accounting  net income of  $1,504,696,  or $0.11 per weighted  average
          share,  compared to an accounting net income of $403,345, or $0.03 per
          weighted  average  share in full year 2014 (note:  a share buy back of
          1,750,000 shares in January 2016 will have a significant effect on the
          earnings per share figures going forward).

     o    Non-GAAP  operating cash flow: (for details see the following  table).
          For the 12 months  ending Dec. 31, 2015,  net income  (loss)  reflects
          $698,607 of net non-cash adjustments,  Income Tax expense of $765,328,
          loss on sale of  equipment  of $45,249 and  interest  income of $2,963
          When these  items,  items not  related to  current  operations  of the
          Company, are removed the Company shows positive operating cash flow of
          $3,010,917 or $0.23 per share.  This compares with 2014 operating cash
          flow of $1,541,679 or $0.12 per share.

     o    FSI is carrying a deferred tax recovery asset in the financials  which
          was  realized as an asset on the Balance  Sheet in 2013.  The Deferred
          Asset  is the  result  of the  commencement  of the  expensing  of the
          Alberta  factory  against the  Company's  US income.  Past and current
          factory  construction  and operating  expenses not yet applied against
          FSI's US  income  will be  carried  forward  to  reduce  the  NanoChem
          Division's revenue for income tax purposes.

The NanoChem  division  continues to be the dominant  source of revenue and cash
flow for the Company. New opportunities  continue to unfold in detergent,  water
treatment,  oil field  extraction and agricultural use to further increase sales
in this  division.  In past years,  the NanoChem  division  sales have been less
volatile  quarter over quarter,  however due to increasing sales to agriculture,
revenue  seasonality  may  become  larger.  Also new  sales  opportunities  have
appeared in the WaterSavrTM  division as a result of the on going drought in the
southern United States.  Many  municipalities are water stressed and are seeking
ways to conserve water.


<PAGE>

Conference call

** CEO, Dan O'Brien has scheduled a conference call for 11:00am EST, 8:00am PST,
Thursday  March 31, 2016 to discuss the  financials.  To attend this call,  dial
1-800-505-9573 (or  1-416-204-9498).  The conference call title, `Fourth Quarter
2015 Financials' maybe requested **

The above  information  and  following  table contain  supplemental  information
regarding  income  and  cash  flow  from  operations  for  the  3  &  12  months
respectively ended Dec. 31, 2015 and 2014.  Adjustments to exclude depreciation,
stock option expenses and one time charges are given. This financial information
is a  Non-GAAP  financial  measure  as  defined  by SEC  regulation  G. The GAAP
financial measure most directly  comparable is net income. The reconciliation of
each of the Non-GAAP financial measures is as follows:

                     FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
                      Consolidated Statement of Operations
         For 3 & 12 Months Ended Dec. 31 (12 Months Operating Cash Flow)
                     (12 month audited / 3 month unaudited)

-------------------------------------------------------------------------------
                                                   3 and 12 month revenue ended
                                                             Dec. 31
                                                       2015           2014
                                                  -----------------------------
3 month                                                  3 month revenue
-------                                           -----------------------------
Revenue NON-GAAP                                  $ 3,730,522      $ 3,957,623

                                                  -----------------------------
                                                         12 month revenue
                                                  -----------------------------
12 month
Revenue GAAP                                      $15,898,547      $15,907,849
Net income (loss) GAAP                            $ 1,504,696 a    $   403,345 a
Net income (loss) per share GAAP                  $      0.11 a    $      0.03 a

12 month weighted average shares used in
   computing per share amounts - basic GAAP        13,173,827       13,169,991
                                                  -----------------------------

The following calculations begin with: Net         12 month Operating Cash Flow
income (loss). GAAP                                        ended Dec. 31
                                                  -----------------------------
Operating cash flow (12 month). NON-GAAP -        $ 3,010,917 b    $ 1,541,679 c
Excludes: item "a" as indicated and as listed in
  the Notes below.

Operating Cash flow per share (12 months) -
  basic. NON-GAAP - Excludes: item "a" as                0.23 b    $      0.12 c
  indicated and as listed in the Notes below.

Net Non-cash Adjustments (as per Consolidated
  Statement of Cash Flow)                         $   698,607 d    $   716,290 d

12 month basic weighted average shares
  used in 13,173,827 computing per share
  amounts - basic. GAAP                            13,173,827 c     13,169,991
-------------------------------------------------------------------------------

Notes:  certain  items not  related to  "operations"  of the  Company  have been
excluded as follows.

a)   Significant information. Expensing of the Alberta factory against US income
     began in 2013.  This resulted in a much lower income tax expense as well as
     a deferred tax recovery asset  recognized on the balance sheet beginning in
     2013.

b)   NON-GAAP - amount excludes certain non-cash items:  depreciation($578,338),
     stock compensation expense($82,112), deferred income tax expense( $38,157),
     interest income($2,963), loss on sale of equipment($45,249), and income tax
     expense($765,328). These are 12 month numbers as per the financials.

c)   NON-GAAP - amount excludes certain non-cash items:  depreciation($789,733),
     stock compensation expense($91,168), deferred income tax recovery
     ($164,611), interest income($N/A), loss on sale of equipment($N/A),
     and income  tax  expense($422,044).  These are 12 month  numbers as per the
     financials.  d)  NON-GAAP  amount  represents:  depreciation,  stock  based
     compensation, and deferred income tax expense/recovery per the Consolidated
     Statement of Cash Flows.

<PAGE>

Safe Harbor Provision

     The  Private  Securities  Litigation  Reform  Act of 1995  provides a "Safe
Harbor" for  forward-looking  statements.  Certain of the  statements  contained
herein,  which are not  historical  facts,  are forward  looking  statement with
respect to events,  the  occurrence of which  involve  risks and  uncertainties.
These  forward-looking   statements  may  be  impacted,   either  positively  or
negatively,  by various factors.  Information  concerning potential factors that
could affect the company is detailed from time to time in the Company's  reports
filed with the Securities and Exchange Commission.

                        Flexible Solutions International
               206 - 920 Hillside Ave, Victoria, BC V8T 1Z8 CANADA
                                Company Contacts

                                              Flexible Solutions International -
                                                                     Head Office
                                                                     Jason Bloom
                                                               Tel: 250-477-9969
                                                               Tel: 800.661.3560
                                               Email: Info@flexiblesolutions.com

If you have  received  this news  release  by mistake or if you would like to be
removed from our update list please reply to: danielle@flexiblesolutions.com

To find out more information about Flexible  Solutions and our products,  please
visit www.flexiblesolutions.com

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>form8kitem202ex9924-16.txt
<DESCRIPTION>EXH. 99.2 - TEXT OF CONF. CALL
<TEXT>
                                  EXHIBIT 99.2


<PAGE>


FY 2015 speech

Good morning. I'm Dan O'Brien, CEO.

Safe Harbor provision:

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor"
for forward-looking statements. Certain of the statements contained herein,
which are not historical facts, are forward looking statements with respect to
events, the occurrence of which involve risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by
various factors. Information concerning potential factors that could affect the
company is detailed from time to time in the company's reports filed with the
Securities and Exchange Commission.

Welcome to the FSI conference call for full year 2015.

First let me describe the business and review the changes that have occurred in
the past year after which I will move on to the financials.

The NanoChem Division

This division makes polyaspartic acid [TPA] a biodegradable protein with many
valuable uses. It now represents approximately 95% of revenue and is the sales
and profit driver of our company.

TPA is used in agriculture to increase crop yield. The chemical mechanism is the
ability of TPA to maintain crystal embryos of fertilizer salts in their
embryonic form in the soil for several months, which has the effect of making
fertilizer easier for plants to absorb. Because the plant expends less energy
getting its nutrients, it has more energy available to produce valuable crops.
In North America, the wholesale market is over 2 billion a year and most crops
are able to use TPA profitably. Crop prices currently available to growers are
well above the breakeven point for using TPA.

TPA is a biodegradable way of treating oilfield water to prevent pipes from
plugging with mineral scale. Our sales into this market are strong and oil
companies in the Nordic countries use TPA as part of environmental regulation.
We are experiencing interest from forward thinking oil producing countries other
than Scandinavia and have reasonable expectations of gaining new customers over
time. There is continuing research in the concept of TPA as part of tight oil
and gas fracturing liquids. TPA is used as part of the fracking fluid and
intended to prevent scale from destroying the permeability of the rock pores as
well as its more known function of scale control in piping. Clogged pores reduce
well production. TPA has added value compared to existing fluid components due
to its biodegradability - it does not need to be removed when cleaning used
fracking water and demonstrates driller sensitivity to environmental safety
which can improve relationships with neighbors and regulators. Fracking has
declined as oil prices have dropped and we are seeing weak sales into this
market. However, the industry is able to recover quickly if oil prices improve
and we are prepared to increase supply when needed.


<PAGE>


SUN 27(TM): We have been selling this product for 2 years and are satisfied with
the growth curve. SUN 27(TM) is a fertilizer  additive that reduces the speed of
nitrogen fertilizer  degradation in soil. Most soils contain the protein urease,
which is an enzyme that degrades  nitrogen  fertilizer.  Up to half the nitrogen
applied to a field can be lost to urease activity. This is a significant cost to
the  grower  and  has  negative  environmental  side  effects.  The  size of the
potential  market for urease  inhibition  is very  large.  Nitrogen,  in various
formats that can be protected by SUN 27(TM),  is applied to millions of acres of
crop land each year and nitrogen loss through  urease enzyme  activity  destroys
large  amounts  of  expensive  nitrogen  fertilizer.  SUN 27(TM) is equal to, or
better than,  competing  products and pricing is set to be very  competitive  at
both  wholesale and retail  levels.  SUN 27(TM) has a lower  freezing point than
competing urease inhibitors resulting in reduced storage problems. SUN 27(TM) is
manufactured in the US and sold by our NanoChem  subsidiary:  www.nanochems.com.
SUN 27(TM) is available in multi-truckload volumes.

N-Savr 30(TM): As a result of our inventive work to develop SUN 27(TM), we
became expert enough in nitrogen conservation chemistry to formulate a solution
to the second major cause of nitrogen fertilizer loss; de-nitrification. This is
also caused by bacterial activity in soil - warm wet soils are the most prone -
resulting in oxygen being stripped from the fertilizer to leave nitrogen gas.
The gas can't be used by the plants and escapes to the atmosphere. The gold
standard for reducing de-nitrification is a DCD solution and we have developed
an excellent version. Sales in 2016 have been significantly larger than 2015
leading us to believe that this represents a long term business for us. At this
time we are manufacturing for distribution under trade names owned by our
distributors as well as our pending trademark: N-Savr 30(TM).

Watersavr(TM) may have had the breakthrough it has sought for years with the
2014 project in Wichita Falls, TX. Flooding prevented us from repeating the 2014
sales in 2015 but unless the floods come again in 2016, we hope to obtain WS
revenue from Texas this season. We are continuing our efforts in the USA,
Turkey, Brazil, Chile, parts of East-Asia and Australia.

We are pleased to hear from Lake Sahara, Las Vegas that for the fourth year in a
row, they are sure they have saved money and water. Water quality remains
exactly as it was before the introduction of Watersavr(TM). In addition, the
endangered fish species population of Lake Sahara is larger today than the first
year of Watersavr(TM) use. Lake Sahara has confirmed that they will use our
product again this season. While this customer is small, their loyalty and
continuity of use are valuable in showing prospective customers, the safety,
positive environmental profile and economic value of saving water with
Watersavr(TM).

Q1 AND REST OF 2016

Agriculture revenue in the first 3 months of 2016 has been similar to 2015. We
have noted an even greater trend to "just in time" orders this year compared to
2015 which could be related to both lower chemical prices and lower crop prices.
This might result in larger Q2 agriculture sales.

Oil prices remain low for a second straight year. We see stresses growing
throughout the industry and expect to find it difficult to expand sales in 2016.
We are working very hard to retain our existing customers and to help them be as
efficient as possible.

<PAGE>

WaterSavr(TM)  sales: The true evaporation  season is just starting in April and
May so we are  intent on closing  sales in Q2 for  delivery  in late  spring and
through the summer.  Given the half dozen serious  negotiations  that are taking
place, we are optimistic that we will report some successes in Q2.

Highlights of the financial results:

     o    Sales for the full year were $15.9 million compared with $15.9 million
          for 2014. The result was a gain of $1.51 million or $0.11 per share in
          the 2015  period,  compared  to a gain of $403  thousand  or $0.03 per
          share,  in 2014.  Subsequent  to the year  end,  a share  buy-back  of
          1,750,000 shares was executed at a price of $0.90 per share. This will
          have a  significant  effect on the  earnings per share  figures  going
          forward. The FY 2015 financials do not reflect the share count change.

Sales in Q4 were 3.73 million down $230,000 compared to 3.96 million in the year
earlier period.

Because of the out-size effects of depreciation, stock option expenses and
one-time items on the financials of small companies, FSI also provides a
non-GAAP measure useful for judging year over year success. "Operating cash
flow" is arrived at by removing these items from the statement of operations.

For full year 2015, operating cash flow increased to $3 million and 23 cents per
share compared to $1.54 million or 12 cents per share in 2014. Drivers of the
increased performance include better margins, lower legal expenses, improved
product mix and further reduction in costs from shuttering the Taber plant. The
increase in operating cash flow allowed us to afford the January share
repurchase and will fund our strategies to increase sales in the future.
Detailed information on how to reconcile GAAP with non-GAAP numbers is included
in our news release of yesterday, March 30th.

The text of this speech will be available on our website by Thursday March 31st.
Email or fax copies can be requested from Jason Bloom at 1800 661 3560.
[Jason@flexiblesolutions.com] Thank you, the floor is open for questions.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
