United States securities and exchange commission logo
June 12, 2023
Daniel O'Brien
President and Principal Financial Officer
FLEXIBLE SOLUTIONS INTERNATIONAL INC
6001 54 Ave.
Taber, Alberta, Canada T1G 1X4
Re: FLEXIBLE SOLUTIONS
INTERNATIONAL INC
Form 10-K filed
March 31, 2023
File No. 001-31540
Dear Daniel O'Brien:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comment. In our comment, we may ask
you to provide us
with information so we may better understand your disclosure.
Please respond to this comment within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this comment, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2022
Note 10- Investments, page F-17
1. We note that during the
years ended December 31, 2022 and December 31, 2021, you had
sales of $12,938,735
and $7,982,281 to the Florida based LLC. Please expand your
accounting policy for
equity method investments on page F-12 to address the accounting
implications of
inventory sold by you that remain on the books of the investee at the end
of the periods
presented. Refer to ASC 323-10-35-7 and 35-8. Confirm that you do
not recognize any
intra-entity profit until the investee has sold such inventory.
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
You may contact Jeanne Baker at 202-551-3691 or Terence O'Brien at
202-551-
3355 with any questions.
Daniel O'Brien
FLEXIBLE SOLUTIONS INTERNATIONAL INC
June 12, 2023
Page 2
Sincerely,
FirstName LastNameDaniel O'Brien
Division of Corporation Finance
Comapany NameFLEXIBLE SOLUTIONS INTERNATIONAL INC
Office of Industrial Applications and
June 12, 2023 Page 2 Services
FirstName LastName