Intermap Technologies Reports 2014 First Quarter Financial Results



INTERMAP TECHNOLOGIES CORPORATION
Condensed Consolidated Interim Statements of Changes in Equity
(In thousands of United States dollars)

            Contributed
Surplus
  Cumulative
Translation
Adjustments
       
        Share
Capital
  Deficit   Total
                                   
Balance at December 31, 2012       194,144   $ 10,354   $ 58    $  (186,198)    $ 18,358
                                   
Comprehensive loss for the period         -     -     (37)     (2,000)     (2,037)
Share-based compensation         -     77     -     -     77
                                   
Balance at March 31, 2013       194,144   $ 10,431   $ 21    $  (188,198)    $ 16,398
                                   
Comprehensive profit (loss) for the period         -     -     16     (12,907)     (12,891)
Share-based compensation         81     372     -     -     453
Convertible note conversion         3,025     -     -     -     3,025
Conversion option of convertible note         136     (136)     -     -     -
Issuance costs         (10)     4     -     -     (6)
                                   
Balance at December 31, 2013       197,376   $ 10,671   $ 37    $  (201,105)    $ 6,979
                                   
Comprehensive loss for the period         -     -     (1)     (3,818)     (3,819)
Share-based compensation         -     82     -     -     82
Warrant component of convertible note         64     -     -     -     64
Conversion option of convertible note         -     259     -     -     259
Issuance costs         (1)     (5)     -     -     (6)
Deferred tax effect of convertible note         (15)     (64)     -     -     (79)
                                   
Balance at March 31, 2014       197,424   $ 10,943   $ 36    $  (204,923)    $ 3,480

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