<SEC-DOCUMENT>0001004878-17-000238.txt : 20171117
<SEC-HEADER>0001004878-17-000238.hdr.sgml : 20171117
<ACCEPTANCE-DATETIME>20171117164844
ACCESSION NUMBER:		0001004878-17-000238
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20171114
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171117
DATE AS OF CHANGE:		20171117

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:		171211605

	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>form8k202finresults11-17.txt
<DESCRIPTION>8-K RE FINANCIAL 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): November 14, 2017

                    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))

Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (ss.203.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (ss.204.12b-2 of this
chapter.

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the
Exchange Act. [ ]

                                       1
<PAGE>

Item 2.02   Results of Operations and Financial Condition

     On November 14, 2017,  the Company  issued a press release  announcing  the
Company's financial results for the three months ended September 30, 2017.

Item 7.01   Regulation FD Disclosure

     On November  15, 2017,  the Company  held a conference  call to discuss its
financial  results for the three months  ended  September  30, 2017,  as well as
other information regarding the Company.

Item 9.01   Exhibits

Exhibit
Number      Description of Document
-------     -----------------------

  99.1      November 14, 2017 Press Release

  99.2      Text of opening remarks by Dan O'Brien/November 15, 2017
            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:  November 16, 2017
                                 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>form8k202ex99111-17.txt
<DESCRIPTION>EXH. 99.1 - 11/14/17 PRESS RELEASE
<TEXT>

                                  EXHIBIT 99.1




<PAGE>

NEWS RELEASE
November 14, 2017

               FSI ANNOUNCES Third Quarter, 2017 FINANCIAL RESULTS
  Conference call scheduled for Wednesday November 15th, 11:00am Eastern time,
                  8:00am Pacific Time See dial in number below


VICTORIA,   BRITISH   COLUMBIA,   November   14,   2017  -  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 third quarter (Q3) ended September 30, 2017.

Mr. Daniel B. O'Brien, CEO, states, "We are pleased that revenue for the quarter
increased  over the previous  year.  While the GAAP  earnings  were less than in
2016, the change is attributable to the disruption from the fire in February and
normal  fluctuations  in cost of raw  materials as well as product mix by market
vertical."  Mr. O'Brien  continues,  "Third quarter is our smallest Q every year
and we expect a strong Q4 to follow it."


     o    Sales in the third quarter (Q3) were  $3,269,386,  up approximately 5%
          when  compared to sales of $3,117,034  in the  corresponding  period a
          year ago.  The  financials  show a Q3, 2017 net loss of  $278,924,  or
          $0.02 per share,  compared  to a net income of  $85,964,  or $0.01 per
          share,  in Q3, 2016.  Note: The financials  give an expense,  "loss on
          involuntary  disposition" of $307,432,  or $0.03 per share, related to
          the clean-up of the fire  damaged site in Taber,  Alberta in Q3, 2017.
          This  expense is in addition  to the clean up expense  given in the Q2
          financials.  This expense is covered by a significant insurance payout
          that was listed as revenue in Q1, and as a net  revenue  number in the
          nine month Q3 "consolidated  statement of operations and comprehensive
          loss." (see "Gain on involuntary  disposition").  The clean-up expense
          is a non-operating expense. This is a non-GAAP number. Furthermore, as
          a result of the fire  damage,  any  additional  significant  insurance
          payouts or related  expenses  (such as write down of inventory,  short
          term  loss of  revenue,  etc)  will  make  year  over  year  financial
          comparisons difficult in the short term.

     o    Basic  weighted  average  shares used in computing  earnings per share
          amounts in Q3 were 11,498,491 and 11,434,187 for Q3, 2017 and Q3, 2016
          respectively.

     o    Non-GAAP  operating cash flow:  For the 9 months ending  September 30,
          2017, net income reflects  $258,263 of non-cash charges  (depreciation
          and stock  option  expenses),  income  tax,  as well as gain (loss) on
          disposition  (and  involuntary  disposition)  of  equipment,  interest
          income,  write down of inventory,  and income tax; which are items not
          related to operating or current operating activities. When these items
          are removed,  the Company shows operating cash flow of $1,863,300,  or
          $0.16 per share. This compares with operating cash flow of $2,837,508,
          or $0.25 per  share,  in the  corresponding  9 months of 2016 (see the
          table that follows for details of these calculations).

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 ongoing drought in the
southern United States.  Many  municipalities are water stressed and are seeking
ways to conserve water.

* a  conference  call has been  scheduled  for 11:00 am  Eastern  Time,  8:00 am
Pacific  Time,  on  Wednesday  November  15,  2017.  CEO,  Dan  O'Brien  will be
presenting  and answering  questions on the  conference  call. To participate in
this call  please  dial  1-877-260-1479  (or  1-334-323-0522)  just prior to the
scheduled call time. The conference call title, "Third Quarter 2017 Financials,"
may be requested.

                                       1
<PAGE>

The above  information  and  following  table contain  supplemental  information
regarding  income and cash flow from  operations for the period ended  September
30, 2017.  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 Months Ended September 30 (9 Months Operating Cash Flow)
                                   (Unaudited)

                                                  3 months ended September 30
                                                    2017             2016
                                               ---------------------------------
Revenue                                         $  3,269,386       $  3,117,034
Income (loss) before income tax - GAAP          $   (489,641)      $    178,201
Provision for Income tax(net)  - GAAP           $   (210,717)      $     92 237
Net income (loss)  - GAAP                       $   (278,924)      $     85,964
Net income (loss) per common share - basic. -   $      (0.02)      $       0.01
GAAP
3 month weighted average shares used in           11,498,491        11,434,187 b
computing per share amounts - basic.-  GAAP

                                                  9 month Operating Cash Flow
                                                      Ended September 30
                                               ---------------------------------
Operating Cash flow (9months). NON-GAAP         $ 1,863,300 a,c    $ 2,837,508 c

Operating Cash flow per share excluding
non-operating items and items not related to
current operations (9 months) - basic.
NON-GAAP                                        $      0.16 a,c    $      0.25 c
Non-cash Adjustments (9 month) GAAP             $   258,263 d      $   437,109 d
Shares (9 month basic weighted average) used
in computing per share amounts - basic GAAP      11,468,392 b       11,470,196
                                                -----------        -----------

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

a) Non-GAAP:  The  financials  give an expense of $307,432,  or $0.03 per share,
related to the clean-up of the fire  damaged site in Taber  Alberta in Q3, 2017.
This is a non-operating  expense, which if added back to net income would result
in net income of  approximately  $28,508 or $0.00 per share.  This is a non-GAAP
number and the  adding  back of this  expense  to net income  does not take into
account additional income tax expense, if any, that may result.

b) A share buyback of 1,750,000 shares took place in January 2016.

c) Non-GAAP - amounts exclude certain cash and non-cash items:  depreciation and
stock option  expense  (2017 = $258,263,  2016 = $437,109),  gain/(loss)  on the
disposition  of  equipment  (2017 =  $1,938,286,  2016 = $6,848),  write down of
inventory  (2017 = $51,346,  2016 = N/A),  interest  income (2017 = $323, 2016 =
$2,161 ),  deferred tax expense (2017 = $23,404,  2016 = $ N/A),  and Income tax
(2017 = $221,530,  2016 =  $1,020,413).  See the  financial  statements  for all
adjustments.

d) Non-GAAP - amounts represent depreciation and stock compensation expense.

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.

                                      2
<PAGE>



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

                                                                     Jason Bloom

                                                         Toll Free: 800 661 3560
                                                               Fax: 250 477 9912
                                              E-mail: 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: info@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>form8k202ex99211-17.txt
<TEXT>


                                  EXHIBIT 99.2




<PAGE>


Q3 2017

Good morning. I'm Dan O'Brien, CEO of Flexible Solutions.

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 third quarter 2017.

Before focusing on our financials,  I'd like to talk about our recovery from the
fire,  our product  lines and what we think  might  occur over the next  several
quarters.

The fire at Taber was  unfortunate,  however,  we have  received a total of $5.7
million Canadian from our insurance and may receive additional funds in Q4 after
all details of the  equipment  we lost have been  reviewed by our  insurer.  The
Heatsavr(TM)  liquid  pool cover is back in  production  to serve our  worldwide
customer base. The property is ready for  construction  but, because the bids to
rebuild  were  unreasonably  high,  we  bought  an  existing  building.  The new
building,  just blocks from the old one, now houses our  Heatsavr  manufacturing
and accounting  activities.  The property where the fire took place will be sold
when a reasonable offer is received.

The NanoChem division, NCS, represents most of the revenue of FSI. This division
makes thermal  poly-aspartic acid, called TPA for short, a biodegradable polymer
with many  valuable  uses.  NCS also  manufactures  SUN 27(TM) and N Savr 30(TM)
which are used to reduce nitrogen fertilizer loss from soil.

TPA is used in agriculture to  significantly  increase crop yield. The method of
action is by slowing  crystal growth between  fertilizer  ions and other ions in
the soil resulting in fertilizer  remaining  available  longer for the plants to
use.  The  attraction  between  the TPA and the  fertilizer  ions  also  reduces
fertilizer  run-off.  Keeping fertilizer more easily available for crops to use,
results in better yield with the same level of fertilization.

TPA in agriculture is a unique economic  situation for all links in the sales to
end  user  chain.   There  are  good  profits  from  manufacturer   through  the
distribution  system to the grower,  yet the grower  still earns a great  profit
from the extra crops produced using the same land but no extra fertilizer.

                                       1
<PAGE>

In 2017 a distributor for our TPA conducted a side by side trial on alfalfa. The
results  were an increase of 9.7% in dry crop weight but more  importantly,  the
protein level in the alfalfa increased 30%. This is yet another  illustration of
the positive effect TPA has on farm yields.

TPA is also a biodegradable way of treating oilfield water to prevent pipes from
plugging with mineral scale. Our sales into this market are well established and
growing steadily but, can be subject to temporary  reductions when production is
cut  back  or  when  platforms  are  shut  down  for  reconditioning.  A  simple
explanation of TPA's effect is that it prevents the scaling out of minerals that
are part of the water fraction of oil as it exits the rock formation.  The scale
must be prevented to keep the oil recovery pipes from clogging.

SUN 27(TM) and N Savr 30(TM) are our nitrogen conservation products. Nitrogen is
a critical  fertilizer  but it is subject to loss through  bacterial  breakdown,
evaporation  and soil  runoff.  Both our nitrogen  products  are  becoming  well
respected.

SUN 27(TM) is used to conserve  nitrogen from attack by soil  bacterial  enzymes
while N Savr  30(TM) is directed  toward  nitrogen  loss  through  leaching  and
evaporation.  Both our  nitrogen  products  are equal to,  or better  than,  the
competing products and we have very compelling pricing.

Watersavr(TM):  We are continuing our efforts in the USA, Turkey, Africa, Chile,
Brazil, parts of East-Asia and Australia.

We like to illustrate the potential of WaterSavr(TM): using it on the Salton Sea
for 6 months a year would save 320,000 acre feet per year. This is more than 100
billion gallons. It's not just the water; WaterSavr(TM) can have huge effects on
city water budgets. Delivered water costs now exceed $1000 per acre foot in many
California cities and the total cost of saving an acre foot using  WaterSavr(TM)
is less than $200.  WaterSavr(TM) can reduce annual losses from reservoirs by up
to 2 feet per treated acre.

The City of San Diego has finished the extra  research  they decided to do after
our very  successful  trial together,  which we reported  earlier this year. The
results re-confirm that  WaterSavr(TM)  does not change water quality.  This was
already  known  from  research  done by the South  Nevada  Water  Authority  and
published in the world renowned "AWWA Journal". Regrettably, several individuals
inside  the San Diego  water  bureaucracy  still  refuse to issue the PO we were
promised  last  February.  Every  year that the City of San  Diego  does not use
Watersavr(TM)  the City is wasting 12 - 14 million dollars of taxpayer funds. We
will continue to push these  individuals  to do what is right for the people who
pay their salaries.

Q4 and the start of 2018

TPA for  agricultural  use has peak uptake in Q1 but with  significant  sales in
fourth quarter for customers who have early buy programs. We expect Q4 increases
in uptake  compared  to the year  earlier  quarter  and in Q1 2018 the growth is
expected to continue.

SUN  27(TM)  and  N  Savr  30(TM),  the  nitrogen   conservation   products  for
agriculture:  There will be early buy uptake in this product  line as well.  The
amounts will be higher than in Q4 2016.  Q1 2018  nitrogen  product  sales could
also increase in comparison with Q1 2107.

Growth in oilfield use of TPA driven by our  worldwide  sales efforts is likely.

                                       2
<PAGE>

Increased  rig  counts in  America  should  lead to  greater  sales  into the US
industry  while oil price  stability in the $55 per barrel range could result in
increased international sales as customers refocus on production growth.

WaterSavr(TM) had a $50,000 sale to Mauritius in Q1, 2017. The Brazil sale in Q2
was in the low six figures.  An order has been  received from Turkey and it will
ship as soon as payment is received.  An initial contract is being negotiated in
Honduras for delivery late in the year or early in 2018.

We are still  comfortable  predicting  that full year 2017 revenue will increase
significantly compared to 2016 once the discontinued  Ecosavr(TM) operations are
accounted for. We also expect that profits and operating cash flow will continue
to increase but mention that the accounting effects of the fire will distort the
numbers.  In 2018 we expect growth to continue in most quarters and for the year
overall.  The usual warning applies - that we can't control  customer  behavior,
shipping dates,  weather,  crop pricing,  oil platform maintenance and the other
variables  of our  business,  so  quarterly  results  will be unlikely to form a
straight line on a graph.

Highlights of the financial results:

Sales for the quarter increased 5% to $3.27 million, compared with $3.12 million
for Q3 2016. The result is a loss of $279 thousand or $0.2 per share in the 2017
period,  compared  to a gain of $86  thousand or $0.01 per share,  in 2016.  The
major  factors that reduced  profits were the  accounting  treatment of the fire
remediation  costs and  increases  in raw  material  costs.  Over  several  more
quarters the fire accounting will have unusual and unpredictable  effects on our
financials.  The  amounts  should be less and less over time.  We are working to
increase our pricing to customers so that selling  prices reflect the higher raw
material costs we must pay. This will proceed over the remainder of the year and
into 2018.

Working capital of $12.1 million is excellent, including $6.3 million in cash on
hand as well as a line of credit with Harris Bank of Chicago.  We are  confident
that we can execute our growth plans with our existing capital.

FSI  provides a non-GAAP  measure  useful for  judging  year over year  success.
"Operating cash flow" is arrived at by removing taxes,  interest,  depreciation,
option expenses and one-time items from the statement of operations.

For the nine months ending September 2017, operating cash flow was $1.86 million
or 16 cents per share  compared  to $2.84  million or 25 cents per share for the
same  period  in  2016.  Detailed  information  on how to  reconcile  GAAP  with
"Operating Cash Flow" numbers is included in our news release of November 14th.

The insurance recovery and site remediation costs from the Taber fire have had a
large effect on our results in 2017.  Additional  recoveries,  purchase of a new
building,  tax  adjustments,  depreciation  on the new  building and the amounts
received  already  will  affect our GAAP  financials  until Q1 2019 - the period

                                       3
<PAGE>

allowed by  Canadian  tax law before a final tax occurs on any  profits  from an
insured  event.  It is highly  probable that our deferred tax asset [see balance
sheet] will offset any tax owing on the  insurance  recovery.  We think the GAAP
financials  combined with the operating  cash flow will give a somewhat  clearer
view of our success until the effects of accounting  for the insurance  recovery
are over.

The text of this speech will be available  on our website by Thursday,  November
16th  and  email  or  fax  copies  can  be   requested   from  Jason   Bloom  at
Jason@flexiblesolutions.com.

Thank you, the floor is open for questions.


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