INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2025

The Company’s investments at March 31, 2025 and December 31, 2024 consisted of the following:

SCHEDULE OF COMPANY’S INVESTMENTS

	March 31, 2025		December 31, 2024

Investments, at cost:
Lygos Inc., simple agreement for future equity (“SAFE”) agreement	$	1,000,000	$	1,000,000
Trio Opportunity Corp., 97,000 non-voting Class B shares		970,000		970,000
Investments, at cost:		970,000		970,000
Investment, equity method:
Florida-based LLC		1,518,306		1,454,381
Total	$	3,488,306	$	3,424,381

Florida Based LLC [Member]

SCHEDULE OF EQUITY METHOD INVESTMENT

A summary of the activity associated with the Company’s investment in the Florida based LLC during the three months ended March 31, 2025 and the year ended December 31, 2024 is follows:

SCHEDULE OF EQUITY METHOD INVESTMENT

Balance, December 31, 2023 – 50% interest		4,063,960
Balance, December 31, 2023 – 50% interest		4,063,960
Company’s proportionate share of earnings		244,857
Distribution received		(510,710	)
Basis of 30.1% of interest sold		(2,343,726	)
Sale of 30.1% of Florida based LLC
Balance, December 31, 2024 – 19.9% interest	$	1,454,381
Company’s proportionate share of earnings		63,925
Balance, March 31, 2025 – 19.9% interest	$	1,518,306

SUMMARY OF PROFIT AND LOSS INFORMATION RELATED TO EQUITY ACCOUNTED INVESTMENT

Summarized profit and loss information related to the Florida based LLC is as follows:

	Three months ended March 31, 2025		Three months ended March 31, 2024

Net sales	$	3,443,030	$	3,319,582
Gross profit	$	1,094,892	$	1,014,988
Net income	$	321,229	$	364,403

FLEXIBLE SOLUTIONS INTERNATIONAL INC 10-Q