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INTERMAP TECHNOLOGIES CORPORATION
Condensed Consolidated Interim Statements of Profit and Loss and Other Comprehensive Income (In thousands of United States dollars, except per share information) (Unaudited) |
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| For the three months | For the six months | |||||||||||||||||||
| ended June 30, | ended June 30, | |||||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
| Revenue | $ | 2,353 | $ | 8,877 | $ | 4,457 | $ | 13,970 | ||||||||||||
| Expenses: | ||||||||||||||||||||
| Operating costs | 5,274 | 6,862 | 11,041 | 12,183 | ||||||||||||||||
| Depreciation of property and equipment | 295 | 365 | 587 | 724 | ||||||||||||||||
| Amortization of data library | - | 1,153 | - | 2,305 | ||||||||||||||||
| Amortization of intangible assets | 30 | 30 | 59 | 59 | ||||||||||||||||
| 5,599 | 8,410 | 11,687 | 15,271 | |||||||||||||||||
| Operating (loss) income | (3,246) | 467 | (7,230) | (1,301) | ||||||||||||||||
| Gain on disposal of equipment | 51 | 200 | 413 | 204 | ||||||||||||||||
| Financing costs | (308) | (228) | (512) | (450) | ||||||||||||||||
| Financing income | 1 | - | 8 | - | ||||||||||||||||
| Loss on foreign currency translation | (43) | (269) | (121) | (236) | ||||||||||||||||
| (Loss) income before income taxes | (3,545) | 170 | (7,442) | (1,783) | ||||||||||||||||
| Income tax (expense) recovery: | ||||||||||||||||||||
| Current | - | - | - | (47) | ||||||||||||||||
| Deferred | - | - | 79 | - | ||||||||||||||||
| - | - | 79 | (47) | |||||||||||||||||
| Net (loss) income for the period | $ | (3,545) | $ | 170 | $ | (7,363) | $ | (1,830) | ||||||||||||
| Other comprehensive income (loss): | ||||||||||||||||||||
| Foreign currency translation differences | 2 | 3 | 1 | (34) | ||||||||||||||||
| Comprehensive (loss) income for the period | $ | (3,543) | $ | 173 | $ | (7,362) | $ | (1,864) | ||||||||||||
| Basic (loss) income per share | $ | (0.04) | $ | 0.00 | $ | (0.08) | $ | (0.02) | ||||||||||||
| Diluted (loss) income per share | $ | (0.04) | $ | 0.00 | $ | (0.08) | $ | (0.02) | ||||||||||||
| Weighted average number of Class A | ||||||||||||||||||||
| common shares - basic | 91,648,742 | 79,174,911 | 91,622,212 | 79,032,206 | ||||||||||||||||
| common shares - diluted | 91,648,742 | 79,646,130 | 91,622,212 | 79,032,206 | ||||||||||||||||
Intermap Technologies Reports 2014 Second Quarter Financial Results
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