For the years ended December 31,

2015

2014

Revenue

$

8,642

$

8,254

Expenses:

Operating costs

16,860

20,718

Depreciation of property and equipment

974

1,123

Amortization of intangible assets

13

103

17,847

21,944

Operating loss

(9,205)

(13,690)

Gain on disposal of equipment

94

456

Change in fair value of derivative instruments

(2,572)

2,035

Financing costs

(6,661)

(2,006)

Financing income

8

15

Gain on foreign currency translation

136

7

Loss before income taxes

(18,200)

(13,183)

Income tax (expense) recovery:

Current

(27)

-

Deferred

73

383

46

383

Net loss for the period

$

(18,154)

$

(12,800)

Other comprehensive loss:

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

Foreign currency translation differences

(45)

(94)

Comprehensive loss for the period

$

(18,199)

$

(12,894)

Basic and diluted loss per share

$

(0.19)

$

(0.14)

Weighted average number of Class A common

shares - basic & diluted

96,102,755

91,707,540