INTERMAP TECHNOLOGIES CORPORATION

Condensed Consolidated Interim Statements of Profit and Loss and Other Comprehensive Income

(In thousands of United States dollars, except per share information)

For the three months ended March 31,

2016

2015

Revenue 

$

1,438

$

956

Expenses:

Operating costs 

3,933

4,658

Depreciation of property and equipment

214

242

Amortization of intangible assets

-

13

4,147

4,913

Operating loss

(2,709)

(3,957)

Gain on disposal of equipment

-

47

Change in fair value of derivative instruments

128

29

Financing costs 

(6,624)

(1,120)

Financing income

5

4

(Loss) gain on foreign currency translation

(111)

138

Loss before income taxes

(9,311)

(4,859)

Income tax expense:

Current  

(4)

(20)

Deferred

-

-

(4)

(20)

$

(9,315)

$

(4,879)

Other comprehensive loss:

Items that are or may be reclassified subsequently to profit or loss:

Foreign currency translation differences                          

21

(57)

Comprehensive loss for the period

$

(9,294)

$

(4,936)

Basic and diluted loss per share

$

(0.09)

$

(0.05)

Weighted average number of Class A common

shares - basic & diluted

100,237,372

91,782,665