For the years ended December 31,

2017

2016

Operating activities:

Net loss for the period

$

(1,155)

$

(15,285)

Adjusted for the following non-cash items:

Depreciation of property and equipment

924

837

Share-based compensation expense

281

289

(Gain) loss on disposal of equipment

(3)

-

Amortization of deferred lease inducements

26

(113)

Deferred taxes

(200)

(2,458)

Change in fair value of derivative instruments

(137)

(1,948)

Financing costs

2,538

10,069

Current income tax expense

51

14

Interest paid

(7)

(18)

Income tax paid

(52)

(16)

Changes in working capital:

Amounts receivable

89

1,679

Other assets

15

(133)

Accounts payable and accrued liabilities

99

(917)

Unearned revenue

1,135

2

Gain on foreign currency translation

(107)

(65)

Cash flows provided by (used in) operating activities

3,497

(8,063)

Investing activities:

Purchase of property and equipment

(3,471)

(305)

Proceeds from sale of equipment

3

1

Cash flows used in investing activities

(3,468)

(304)

Financing activities:

Proceeds from issuance of common shares

2,890

-

Proceeds from notes payable

-

15,000

Repayment of notes payable

(2,890)

(617)

Share issuance costs

(164)

(168)

Movement from restricted cash

-

801

Repayment of obligations under finance lease

(56)

(120)

Cash flows (used in) provided by financing activities

(220)

14,896

Effect of foreign exchange on cash

27

(2)

Increase (decrease) in cash 

(164)

6,527

Cash, beginning of period

6,527

-

Cash, end of period

$

6,363

$

6,527