INTERMAP TECHNOLOGIES CORPORATION
Condensed Consolidated Interim Statements of Cash Flows
(In thousands of United States dollars)
| For the Three Months Ended March 31, | 2014 | 2013 | |||||||||||||
| Cash flows provided by: | |||||||||||||||
| Operating activities: | |||||||||||||||
| Net loss for the period | $ | (3,818) | $ | (2,000) | |||||||||||
| Adjusted for the following non-cash items: | |||||||||||||||
| Depreciation of property and equipment | 292 | 359 | |||||||||||||
| Amortization of data library | - | 1,152 | |||||||||||||
| Amortization of intangible assets | 29 | 29 | |||||||||||||
| Share-based compensation expense | 82 | 77 | |||||||||||||
| Gain on disposal of equipment | (362) | (4) | |||||||||||||
| Amortization of deferred lease inducements | (47) | (29) | |||||||||||||
| Deferred taxes | (79) | - | |||||||||||||
| Financing costs | 204 | 222 | |||||||||||||
| Current income tax expense | - | 47 | |||||||||||||
| Interest paid | (7) | (27) | |||||||||||||
| Income tax paid | (10) | (13) | |||||||||||||
| Changes in working capital: | |||||||||||||||
| Amounts receivable | 2,409 | 1,090 | |||||||||||||
| Work in process and other assets | (239) | 154 | |||||||||||||
| Accounts payable | (51) | 181 | |||||||||||||
| Accrued liabilities | (20) | (148) | |||||||||||||
| Unearned revenue and deposits | 45 | 169 | |||||||||||||
| Gain on foreign currency translation | (3) | (37) | |||||||||||||
| (1,575) | 1,222 | ||||||||||||||
| Investing activities: | |||||||||||||||
| Purchase of property and equipment | (147) | (248) | |||||||||||||
| Proceeds from sale of equipment | 132 | 4 | |||||||||||||
| (15) | (244) | ||||||||||||||
| Financing activities: | |||||||||||||||
| Proceeds from issuance of convertible note | 5,000 | - | |||||||||||||
| Financing costs of convertible note | (93) | - | |||||||||||||
| Repayment of obligations under finance lease | (28) | (88) | |||||||||||||
| Repayment of long-term debt and notes payable | (38) | (208) | |||||||||||||
| 4,841 | (296) | ||||||||||||||
| Effect of foreign exchange on cash | - | (19) | |||||||||||||
| Increase in cash and cash equivalents | 3,251 | 663 | |||||||||||||
| Cash and cash equivalents, beginning of period | 2,420 | 2,055 | |||||||||||||
| Cash and cash equivalents, end of period | $ | 5,671 | $ | 2,718 | |||||||||||
