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)
|
For the three months |
For the six months |
||||||||||||
|
ended June 30, |
ended June 30, |
||||||||||||
|
(as restated) |
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|
2015 |
2014 |
2015 |
2014 |
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|
Revenue |
$ |
719 |
$ |
2,353 |
$ |
1,675 |
$ |
4,457 |
|||||
|
Expenses: |
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|
Operating costs |
4,839 |
5,274 |
9,497 |
11,041 |
|||||||||
|
Depreciation of property and equipment |
244 |
295 |
486 |
587 |
|||||||||
|
Amortization of intangible assets |
- |
30 |
13 |
59 |
|||||||||
|
5,083 |
5,599 |
9,996 |
11,687 |
||||||||||
|
Operating loss |
(4,364) |
(3,246) |
(8,321) |
(7,230) |
|||||||||
|
Gain on disposal of equipment |
- |
51 |
47 |
413 |
|||||||||
|
Change in fair value of derivative instruments |
(3,672) |
176 |
(3,643) |
1,405 |
|||||||||
|
Financing costs |
(866) |
(321) |
(1,986) |
(510) |
|||||||||
|
Financing income |
- |
1 |
4 |
8 |
|||||||||
|
Gain (loss) on foreign currency translation |
(114) |
(43) |
24 |
(121) |
|||||||||
|
Loss before income taxes |
(9,016) |
(3,382) |
(13,875) |
(6,035) |
|||||||||
|
Income tax (expense) recovery: |
|||||||||||||
|
Current |
- |
- |
(20) |
- |
|||||||||
|
Deferred |
- |
- |
- |
318 |
|||||||||
|
- |
- |
(20) |
318 |
||||||||||
|
Net loss for the period |
$ |
(9,016) |
$ |
(3,382) |
$ |
(13,895) |
$ |
(5,717) |
|||||
|
Other comprehensive loss: |
|||||||||||||
|
Items that are or may be reclassified subsequently to profit or loss: |
|||||||||||||
|
Foreign currency translation differences |
25 |
2 |
(32) |
1 |
|||||||||
|
Comprehensive loss for the period |
$ |
(8,991) |
$ |
(3,380) |
$ |
(13,927) |
$ |
(5,716) |
|||||
|
Basic and diluted loss per share |
$ |
(0.10) |
$ |
(0.04) |
$ |
(0.15) |
$ |
(0.06) |
|||||
|
Weighted average number of Class A common |
|||||||||||||
|
shares - basic & diluted |
92,952,350 |
91,648,742 |
92,370,739 |
91,622,212 |
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