Good day, and welcome to the Flexible Solution International First Quarter 2017 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Daniel O'Brien. Please go ahead, sir. Your line is open. Daniel O’Brien: Thank you, Alexis. Good morning. This is Dan O'Brien, CEO of Flexible Solutions. The 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 Q1 2017 conference call. Prior to focusing on our financials, I'd like to talk about our recovery from the fire, our product lines and what we think may occur over the next several quarters. The fire at Taber was unfortunate. However, we've received a total of CAD 5.7 million from our insurance and may receive additional funds in Q3 after all details of the equipment we lost have been reviewed by our insurer. The Heatsavr liquid pool cover is back in production to serve our worldwide customer base. The property is clean, ready for the new building, and we are assessing bids for construction. Space in the new Taber facility will be available as needed by the NanoChem division and for other corporate purposes. The NanoChem division, NCS, represents most of the revenue of FSI. This division makes thermal polyaspartic acid, called TPA for short. It's a biodegradable protein with many valuable uses. NCS also…

[Operator Instructions] And we do have a question from [ Stephen Weinstein ]. He's a private investor.

I just had a couple of questions. So first, on the balance sheet, it seems like the accounts receivable was up about $400,000 this quarter. And after accounting for the write-down at Taber, inventory was up $1 million. Could you just add a bit of color, like, what's happening on the ground? Is it just lumpiness? Is it in anticipation of sales growth or just like investment into the company? Daniel O’Brien: The accounts receivable is attributed to lumpiness. The increase in inventory is because when we have the amount of cash that we have available, when we get unusually good pricing on raw materials, we take advantage of it, because, as I say to some of my employees, the money in the bank earns no interest, and the inventory earns no interest, so why don't we have the inventory? That's the answer to your questions. Thanks for asking, Steve.

Also, I just actually have just one more question. So it seems like, right now, you have about, after the insurance proceeds, you have about $5 million in net cash. Just how do you plan on deploying it? And will we start to see capital returns in the next 6 to 12 months? Daniel O’Brien: Like, please explain what you mean by capital returns so I can answer it.

Dividends or share buybacks. Anything like that? Daniel O’Brien: All right. No. We're going to deploy some of the money. We'll be -- to rebuild the factory in Taber to the extent that we decide is correct for future plans. So that's an unknown amount, but it will be substantially less than the cash on hand. As for a return in the form of dividends, that seems unlikely because of the variance in tax positions between our Canadian, American and international shareholders, who's -- who I look out for as much as I can. On the other hand, a share buyback would be an appropriate method of returning capital at any time that we see the opportunity to do it at the right price.

[Operator Instructions] And it appears we have no further questions at this time. Daniel O’Brien: Alexis, thank you very much for your help on the call. Those of you who tuned in today, I hope to talk to you again at the end of the second quarter when we give the next speech. Thank you very much, and goodbye.

This does conclude today's program. Thank you for your participation. You may now disconnect at any time.