INTERMAP TECHNOLOGIES CORPORATION

Condensed Consolidated Interim Statements of Changes in Shareholders' Deficiency

(In thousands of United States dollars)

Share
Capital

Contributed
Surplus

Cumulative
Translation
Adjustments

Deficit

Total

Balance at December 31, 2014

$

194,377

$

11,395

$

(57)

$

(212,152)

$

(6,437)

Comprehensive loss for the period

-

-

(57)

(4,879)

(4,936)

Share-based compensation

-

96

-

-

96

Balance at March 31, 2015

$

194,377

$

11,491

$

(114)

$

(217,031)

$

(11,277)

Comprehensive gain (loss) for the period

-

-

12

(13,275)

(13,263)

Share-based compensation

30

198

-

-

228

Exercise of warrants

1,004

-

-

-

1,004

Exercise of options

57

(22)

-

-

35

Note conversion 

556

(16)

-

-

540

New warrant issuance

385

-

-

-

385

Deferred tax effect of convertible note

-

(73)

-

-

(73)

Balance at December 31, 2015

$

196,409

$

11,578

$

(102)

$

(230,306)

$

(22,421)

Comprehensive gain (loss) for the period

-

-

21

(9,315)

(9,294)

Share-based compensation

-

57

-

-

57

Balance at March 31, 2016

$

196,409

$

11,635

$

(81)

$

(239,621)

$

(31,658)