(as restated)

For the three months ended March 31,

2015

2014

Cash flows provided by:

Operating activities:

Net loss for the period

$      (4,879)

$        (2,335)

Adjusted for the following non-cash items:

Depreciation of property and equipment

242

292

Amortization of intangible assets

13

29

Share-based compensation expense

110

82

Gain on disposal of equipment

(47)

(362)

Amortization of deferred lease inducements

(35)

(47)

Deferred taxes

-

(318)

Change in fair value of derivative instruments

(29)

(1,229)

Financing costs

1,120

189

Current income tax expense

20

-

Interest paid

(4)

(7)

Income tax paid

(9)

(10)

Changes in working capital:

Amounts receivable

416

2,409

Work in process and other assets

85

(239)

Accounts payable

648

(51)

Accrued liabilities

(499)

(20)

Unearned revenue and deposits

(18)

45

Gain on foreign currency translation

425

(3)

(2,441)

(1,575)

Investing activities:

Purchase of property and equipment

(34)

(147)

Proceeds from sale of equipment

-

132

(34)

(15)

Financing activities:

Proceeds from notes payable

7,800

5,000

Financing costs of notes payable

(74)

(93)

Proceeds from reimbursable project funding

46

-

Repayment of obligations under finance lease

(32)

(28)

Repayment of long-term debt and notes payable

(5,800)

(38)

1,940

4,841

Effect of foreign exchange on cash

(2)

-

(Decrease) increase in cash and cash equivalents

(537)

3,251

Cash and cash equivalents, beginning of period

537

2,420

Cash and cash equivalents, end of period

$              -

$          5,671