| exactEarth™ Ltd. | |||||||||||||
| Interim Condensed Consolidated Statements of Cash Flows | |||||||||||||
| (in thousands of Canadian dollars) | |||||||||||||
| (unaudited) | |||||||||||||
| Three months ended | Nine months ended | ||||||||||||
| July 31, | July 31, | July 31, | July 31, | ||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||
| $ | $ | $ | $ | ||||||||||
| Operating activities | |||||||||||||
| Net loss | (249 | ) | (941 | ) | (1,483 | ) | (4,432 | ) | |||||
| Add (deduct) items not involving cash | |||||||||||||
| Non-cash interest | 43 | 151 | 358 | 400 | |||||||||
| Depreciation and amortization | 170 | 178 | 525 | 669 | |||||||||
| (Recovery) loss on disposal | - | (13 | ) | - | 825 | ||||||||
| Share of equity investment loss | - | 450 | - | 450 | |||||||||
| Operating grant recognized on SIF loan | (96 | ) | (237 | ) | (252 | ) | (598 | ) | |||||
| Long-term incentive plan expense | 327 | 373 | 1,491 | 759 | |||||||||
| Stock-based compensation | - | 49 | - | 117 | |||||||||
| Net change in non-cash balances | 215 | 124 | (554 | ) | (1,207 | ) | |||||||
| Other operating cash flows | |||||||||||||
| Settlement of restricted share units | (15 | ) | - | (15 | ) | - | |||||||
| Cash flows from (used in) operating activities | 395 | 134 | 70 | (3,017 | ) | ||||||||
| Investing activities | |||||||||||||
| Acquisition of property, plant and equipment | (19 | ) | (213 | ) | (686 | ) | (1,786 | ) | |||||
| Reimbursement of acquisition costs of property, plant and equipment | - | - | - | 331 | |||||||||
| Net change in non-cash working capital related to investing activities | - | (450 | ) | - | (450 | ) | |||||||
| Cash flows used in investing activities | (19 | ) | (663 | ) | (686 | ) | (1,905 | ) | |||||
| Financing activities | |||||||||||||
| Government loan repayment | - | - | - | (205 | ) | ||||||||
| Government loan advance | - | 439 | 688 | 1,647 | |||||||||
| Payment of principal portion of lease obligations | (39 | ) | (37 | ) | (115 | ) | (110 | ) | |||||
| Debenture transaction costs | - | - | (91 | ) | - | ||||||||
| Cash flows (used in) from financing activities | (39 | ) | 402 | 482 | 1,332 | ||||||||
| Effect of exchange rate changes on cash | 12 | 32 | (248 | ) | 143 | ||||||||
| Net increase (decrease) in cash | 349 | (95 | ) | (382 | ) | (3,447 | ) | ||||||
| Cash, beginning of the period | 6,692 | 6,836 | 7,423 | 10,188 | |||||||||
| Cash, end of the period | 7,041 | 6,741 | 7,041 | 6,741 | |||||||||
