(In thousands of United States dollars)
| For the Six Months Ended June 30, | 2013 | 2012 | |||
| Cash flows provided by: | |||||
| Operating activities: | |||||
| Net loss for the period | $ (1,830) | $ (4,278) | |||
| Adjusted for the following non-cash items: | |||||
| Depreciation of property and equipment | 724 | 1,067 | |||
| Amortization of data library | 2,305 | 2,305 | |||
| Amortization of intangible assets | 59 | 108 | |||
| Share-based compensation expense | 249 | 490 | |||
| Gain on disposal of equipment | (204) | (26) | |||
| Amortization of deferred lease inducements | (94) | 133 | |||
| Deferred taxes | - | (8) | |||
| Net financing costs | 450 | 93 | |||
| Current income tax expense | 47 | 36 | |||
| Interest paid | (49) | (65) | |||
| Income tax paid | (29) | (96) | |||
| Changes in working capital, net of investing activities: | |||||
| Amounts receivable, net | (1,310) | 1,400 | |||
| Work in process and other assets | 933 | (105) | |||
| Accounts payable | 345 | 526 | |||
| Accrued liabilities | (122) | 116 | |||
| Unearned revenue and deposits | (86) | (1,289) | |||
| Loss on foreign currency translation | (25) | (91) | |||
| 1,363 | 316 | ||||
| Investing activities: | |||||
| Purchase of property and equipment | (259) | - | |||
| Investment in intangible assets | - | (113) | |||
| Proceeds from sale of equipment | 112 | 33 | |||
| (147) | (80) | ||||
| Financing activities: | |||||
| Proceeds from issuance of convertible note | - | 2,500 | |||
| Financing costs of convertible note | - | (70) | |||
| Issuance costs of convertible note | - | (5) | |||
| Repayment of obligations under finance lease | (176) | (156) | |||
| Repayment of long-term debt | (419) | (273) | |||
| (595) | 1,996 | ||||
| Effect of foreign exchange on cash | (16) | 7 | |||
| Increase in cash and cash equivalents | 605 | 2,239 | |||
| Cash and cash equivalents, beginning of period | 2,055 | 597 | |||
| Cash and cash equivalents, end of period | $ 2,660 | $ 2,836 | |||
