FSI ANNOUNCES FULL YEAR, 2023 FINANCIAL RESULTS - Seite 2

The above information and following table contain supplemental information regarding income and cash flow from operations for the period ended December 31, 2023. 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 Non-GAAP financial measure is as follows:

FLEXIBLE SOLUTIONS INTERNATIONAL, INC.

Consolidated Statement of Operations

For Full Year Ended December 31 (12 Months Operating Cash Flow)

(Unaudited)

		12 months ended December 31
		2023				2022
Revenue		$	38,324,806			$	45,840,469
Income (loss) before income tax – GAAP		$	3,623,250			$	7,859,085
Provision for Income tax – net - GAAP		$	132,735			$	(145,856	)
Net income (loss) - GAAP		$	2,775,864			$	7,021,604
Net income (loss) per common share – basic. – GAAP		$	0.22			$	0.57
12 month weighted average shares used in computing per share amounts – basic.- GAAP			12,434,886				12,379,316