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INTERMAP TECHNOLOGIES CORPORATION
Condensed Consolidated Interim Statements of Cash Flows (In thousands of United States dollars) (Unaudited) |
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| For the Six Months Ended June 30, | 2014 | 2013 | ||||||||||||||||
| Cash flows provided by: | ||||||||||||||||||
| Operating activities: | ||||||||||||||||||
| Net loss for the period | $ | (7,363) | $ | (1,830) | ||||||||||||||
| Adjusted for the following non-cash items: | ||||||||||||||||||
| Depreciation of property and equipment | 587 | 724 | ||||||||||||||||
| Amortization of data library | - | 2,305 | ||||||||||||||||
| Amortization of intangible assets | 59 | 59 | ||||||||||||||||
| Share-based compensation expense | 233 | 249 | ||||||||||||||||
| Gain on disposal of equipment | (413) | (204) | ||||||||||||||||
| Amortization of deferred lease inducements | (42) | (94) | ||||||||||||||||
| Deferred taxes | (79) | - | ||||||||||||||||
| Financing costs | 512 | 450 | ||||||||||||||||
| Current income tax expense | - | 47 | ||||||||||||||||
| Interest paid | (12) | (49) | ||||||||||||||||
| Income tax paid | (5) | (29) | ||||||||||||||||
| Changes in working capital: | ||||||||||||||||||
| Amounts receivable | 3,764 | (1,310) | ||||||||||||||||
| Work in process and other assets | (49) | 933 | ||||||||||||||||
| Accounts payable | (447) | 345 | ||||||||||||||||
| Accrued liabilities | (9) | (122) | ||||||||||||||||
| Unearned revenue and deposits | 12 | (86) | ||||||||||||||||
| Gain on foreign currency translation | (1) | (25) | ||||||||||||||||
| (3,253) | 1,363 | |||||||||||||||||
| Investing activities: | ||||||||||||||||||
| Purchase of property and equipment | (437) | (259) | ||||||||||||||||
| Proceeds from sale of equipment | 353 | 112 | ||||||||||||||||
| (84) | (147) | |||||||||||||||||
| Financing activities: | ||||||||||||||||||
| Proceeds from issuance of convertible note | 5,000 | - | ||||||||||||||||
| Financing costs of convertible note | (93) | - | ||||||||||||||||
| Proceeds from reimbursable project funding | 44 | - | ||||||||||||||||
| Repayment of obligations under finance lease | (57) | (176) | ||||||||||||||||
| Repayment of long-term debt and notes payable | (65) | (419) | ||||||||||||||||
| 4,829 | (595) | |||||||||||||||||
| Effect of foreign exchange on cash | 8 | (16) | ||||||||||||||||
| Increase in cash and cash equivalents | 1,500 | 605 | ||||||||||||||||
| Cash and cash equivalents, beginning of period | 2,420 | 2,055 | ||||||||||||||||
| Cash and cash equivalents, end of period | $ | 3,920 | $ | 2,660 | ||||||||||||||
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Intermap Technologies Reports 2014 Second Quarter Financial Results
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