For the years ended December 31,

2016

2015

Revenue

$

7,049

$

8,642

Expenses:

Operating costs

14,781

16,860

Depreciation of property and equipment

837

974

Amortization of intangible assets

-

13

15,618

17,847

Operating loss

(8,569)

(9,205)

Restructuring costs

(941)

-

Gain on disposal of equipment

-

94

Change in fair value of derivative instruments

1,948

(2,572)

Financing costs

(10,069)

(6,661)

Financing income

7

8

(Loss) gain on foreign currency translation

(105)

136

Loss before income taxes

(17,729)

(18,200)

Income tax expense:

Current  

(14)

(27)

Deferred

-

73

(14)

46

$

(17,743)

$

(18,154)

Other comprehensive loss:

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

Foreign currency translation differences

(44)

(45)

Comprehensive loss for the period

$

(17,787)

$

(18,199)

Basic and diluted loss per share

$

(0.18)

$

(0.19)

Weighted average number of Class A common

shares - basic & diluted

100,878,954

96,102,755