(as restated)

For the three months ended March 31,

2015

2014

Revenue

$            956

$         2,104

Expenses:

Operating costs

4,658

5,767

Depreciation of property and equipment

242

292

Amortization of intangible assets

13

29

4,913

6,088

Operating loss

(3,957)

(3,984)

Gain on disposal of equipment

47

362

Change in fair value of derivative instruments

29

1,229

Financing costs

(1,120)

(189)

Financing income

4

7

Gain (loss) on foreign currency translation

138

(78)

Loss before income taxes

(4,859)

(2,653)

Income tax (expense) recovery:

Current

(20)

-

Deferred

-

318

(20)

318

Net loss for the period

$        (4,879)

$        (2,335)

Other comprehensive loss:

Items that are or may be reclassified subsequently to profit or loss:

Foreign currency translation differences

(57)

(1)

Comprehensive loss for the period

$        (4,936)

$        (2,336)

Basic and diluted loss per share

$          (0.05)

$          (0.03)

Weighted average number of Class A common shares - basic & diluted

91,782,665

91,613,401