Intermap Technologies corporation
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For the Nine Months Ended September 30, |
2014 |
|
2013 | ||||||
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Cash flows provided by: |
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Operating activities: |
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Net loss for the period |
$ |
(10,128) |
|
$ |
(2,299) | |||
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Adjusted for the following non-cash items: |
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|
Depreciation of property and equipment |
877 |
|
1,080 | ||||
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Amortization of data library |
- |
|
3,457 | |||||
|
Amortization of intangible assets |
84 |
|
89 | |||||
|
Share-based compensation expense |
346 |
|
341 | |||||
|
Gain on disposal of equipment |
(455) |
|
(342) | |||||
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Amortization of deferred lease inducements |
(31) |
|
(49) | |||||
|
Extinguishment of facility closure provision |
- |
|
(720) | |||||
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Deferred taxes |
(79) |
|
- | |||||
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Financing costs |
853 |
|
487 | |||||
|
Current income tax expense |
- |
|
58 | |||||
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Interest paid |
(21) |
|
(61) | |||||
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Income tax paid |
(6) |
|
(39) | |||||
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Changes in working capital: |
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|
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Amounts receivable |
3,214 |
|
732 | |||||
|
Work in process and other assets |
(40) |
|
622 | |||||
|
Accounts payable |
(446) |
|
(436) | |||||
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Accrued liabilities |
(300) |
|
(556) | |||||
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Unearned revenue and deposits |
(20) |
|
62 | |||||
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Gain on foreign currency translation |
52 |
|
8 | |||||
|
(6,100) |
|
2,434 | ||||||
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Investing activities: |
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Purchase of property and equipment |
(561) |
|
(463) | |||||
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Proeecds from sale of equipment |
357 |
|
112 | |||||
|
(204) |
|
(351) | ||||||
|
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Financing activities: |
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|
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Proceeds from issuance of convertible note |
5,000 |
|
- | |||||
|
Financing costs of convertible note |
(93) |
|
(6) | |||||
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Proceeds from reimbursable project funding |
88 |
|
- | |||||
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Repayment of obligations under finance lease |
(85) |
|
(262) | |||||
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Repayment of long-term debt and notes payable |
(65) |
|
(618) | |||||
|
4,845 |
|
(886) | ||||||
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|
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Effect of foreign exchange on cash |
- |
|
(15) | ||||||
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|
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(Decrease) increase in cash and cash equivalents |
(1,459) |
|
1,182 | ||||||
|
|
|
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Cash and cash equivalents, beginning of period |
2,420 |
|
2,055 | ||||||
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|
|
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Cash and cash equivalents, end of period |
$ |
961 |
|
$ |
3,237 |