Good day, everyone, and welcome to the Flexible Solutions International Second Quarter 2015 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like turn the conference over to Dan O'Brien, Chief Executive Officer of Flexible Solutions. Please go ahead, sir. Daniel O’Brien: Thank you, Laurie. Good morning. This is Dan O'Brien. 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. First, let me review the company products, give some guidance as to future expectations, and then I will move on to the financials. The NanoChem division, or NCS. NCS makes polyaspartic acid, TPA, a biodegradable protein with many valuable uses, and the nitrogen conservation products, SUN 27 and NSavr 30 [ph]. NCS represents approximately 95% of revenue and is the sales and profit driver of our company. TPA is used in agriculture to increase crop yield. TPA keeps positive and negative fertilizer ions bioavailable to plants by loosely associating with the positive fertilizer ions and preventing precipitation of salts such as calcium phosphate. Higher bioavailability leads to higher yields. We sell TPA at prices that allow strong margins for distribution, while still providing a significant profit for the grower. There are at least 300 million acres in North America that could use TPA profitably. TPA is a biodegradable way of treating oilfield water to prevent pipes from plugging with mineral scale.…

[Operator Instructions] And we'll go to William Gregozeski at Greenridge Global.

A couple of questions for you. The gross margins in the quarter were your highest in the last 4 years. Given where oil prices are, should we be looking for gross margins to be in that high 30s, low 40s range going forward, assuming oil stays around where it is? Daniel O’Brien: The answer is maybe, but obviously, we will do whatever is required to maintain our customer base, and that may require us to selectively change our pricing, or it may not. We are happy with those margins, but it's a moving target in this world and we'll just do our best. So counting on these things would not be appropriate.

Okay. In regards to the oil business, how has that fared given the oil prices? Daniel O’Brien: On the granular level, our business -- our established businesses with high capital cost customers, such as the North Sea, continue as normal. We are seeing that because the fracking world in the United States is weak, that our growth in fracking is not there right now. However, we are not losing customers. We are not just seeing the growth that we would have expected to see if fracking had continued at the rate it was going at a year ago.

Okay. With the ag business, now that you have more products in the portfolio, are you seeing any more interest from distributors that might want to distribute your -- now that you have a few products, distribute them for you? Daniel O’Brien: Yes, we're always talking to new groups. And having 3 products so that when myself or one of our other sales-oriented people goes into an office, 3 products gives you 3 chances to make a sale, which is -- it's a lot easier than saying, "Well, we've got yellow eggs. And how many yellow eggs do you want?" It's way easier to say, "Well, you may not have a localized phosphate problem, but most people are using nitrogen. Would you like to have a look at our nitrogen conservation products?" And so yes, it is helping the sales process. And it makes it highly likely that we will find new distributors or make new sales into our existing distributors.

Okay. And then, last question, was I saw you guys bought a boat during the quarter? Are you doing any WaterSavr spreading in the drought areas up in Washington? Or is it for R&D purposes? Daniel O’Brien: That boat was -- that was bought against the probability of needing to work in Texas. The boat is now in storage in Las Vegas and we will use it for spreading in the first place we get a contract. So it's on a trailer and it will go to the job.

[Operator Instructions] And with no other questions in queue, Mr. O'Brien, I'll turn it back to you for any additional or closing remarks. Daniel O’Brien: Ladies and gentlemen, thanks for joining us this conference call. I look forward to speaking with you again in the next quarter, and I hope you have a wonderful remainder of your summer. Thank you, and goodbye.

That will conclude today's conference. Thank you all for your participation.