Good day, and welcome to the Flexible Solutions International Second Quarter 2017 Financial Results Conference Call. Today’s conference is being recorded. At this time, I'd like to turn the conference over to Dan O’Brien. Please go ahead, sir. Dan O’Brien: Thank you. 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 second quarter call. Before focusing on our financials, I'd like to talk about our recovery from the fire, our product lines, and what we think might occur over the next several quarters. The fire at Taber was unfortunate. However, we’VE received a total of CAD5.7 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 and serving our worldwide customer base. The property is clean, but because the bids to rebuild were unreasonably high, we intend to find an existing building to buy instead. The property where the fire took place will be sold when a reasonable offer is received. The NanoChem division, NCS, represents most of the revenue of FSI. This division makes thermal polyaspartic acid called TPA for short, a biodegradable protein with many valuable uses. NCS also manufactures SUN 27 and N Savr 30, which are…

[Operator instructions] We'll take our first question from Stephen Weinstein. Please go ahead.

Hi. I actually had a few questions. First one, very nice quarter. So, first question, sorry, I just missed this on the call. When do you expect for the deferred tax asset to be monetized? Dan O’Brien: The 2019 first quarter is when we do our final accounting to the Canadian tax authorities. The tax asset is in our Canadian operations. So, I would expect that there will be some use of the tax asset in 2018 and the remainder will be consumed in 2019.

Okay. Awesome. And then my only other question was on cost of goods sold this quarter. The 10-Q said that it was mainly higher because of increased costs from not having the Taber plant . I just was wondering if you could kind of like add some more descriptions to that? Dan O’Brien: No. I would -- that was a Q1 statement. Then in second quarter, we're seeing additional costs for our raw materials purchased outside of North America. So that has been significant in the quarter, and it's up to us now to push the costs onwards to the customers over a period of time.

Got it. All right. Thank you.

Thank you. [Operator instructions] And it appears we have no further questions at this time. Dan O’Brien: Thank you all for joining me this morning. I will be back with you in November and all the best to you until then. Good bye.

This does conclude today's program. You may now disconnect your lines and have a wonderful day.