U.S. $ millions, except per share data | June 30,
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| June 30,
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Assets: |
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Cash, amounts receivable, unbilled revenue | $ 2.4 |
| $ 2.0 |
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Total assets | $ 7.4 |
| $ 7.6 |
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Liabilities: |
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Long-term liabilities (including lease obligations) | $ 0.9 |
| $ 0.6 |
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Total liabilities | $ 6.8 |
| $ 7.4 |
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The term Earnings before interest, taxes, depreciation and amortization (EBITDA) consists of net income (loss) and excludes interest (financing costs), taxes, and depreciation. Adjusted EBITDA also excludes changes in working capital investment, share-based compensation and other non-operating gains or losses.
The most directly comparable measure to EBITDA and Adjusted EBITDA calculated in accordance with IFRS is net income (loss). The following is a reconciliation of the Company's net loss to Adjusted EBITDA.
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| Three months ended | Six months ended | ||||
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| June 30, | June 30, | ||||
U.S. $ millions | 2022 |
| 2021 | 2022 |
| 2021 | |
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Net loss | $ (0.6) |
| $ (1.6) | $ (1.9) |
| $ (2.7) | |
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| Amortization of intangible assets | 0.1 |
| - | 0.2 |
| - |
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| Depreciation of property and equipment | 0.3 |
| 0.4 | 0.7 |
| 0.7 |
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| Depreciation of right of use assets | 0.1 |
| 0.1 | 0.2 |
| 0.2 |
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| EBITDA | $ (0.1) |
| $ (1.1) | $ (0.8) |
| $ (1.8) |
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| Working capital investment |
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| Increase/(Decrease) in accounts receivable |
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| and unbilled revenue | 0.3 |
| 0.2 | 0.5 |
| 0.2 |
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| Decrease/(increase) in current liabilities | 0.7 |
| (0.8) | (0.3) |
| (0.7) |
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| Share-based compensation | 0.1 |
| - | 0.2 |
| 0.1 |
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| Restructuring costs | - |
| 0.3 | - |
| 0.3 |
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| Adjusted EBITDA | $ 1.0 |
| $ (1.4) | $ (0.4) |
| $ (1.9) |
