Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flow

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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash provided by (used in) Operating activities    
Net loss for the period $ (2,989) $ (2,124)
Items not affecting cash:    
Stock based expense 209 188
Depreciation and amortization 1,257 1,862
Accretion of asset retirement obligation 133 126
Amortization of deferred loan costs 37 7
Write off of investments 189  
Warrants mark to market gain (loss) (31) 77
Gain on disposition of assets (37)  
RSUs redeemed for cash (9) (59)
Proceeds from assignment of sales contract 5,085  
Change in non-cash working capital items:    
Accounts receivable (4) 15
Inventory (2,590) 465
Prepaid expenses (72) 60
Accounts payable and accrued liabilities 697 11
Accrued income taxes 30  
Net Cash Provided by (Used in) Operating Activities, Total 1,905 628
Investing activities    
Proceeds from sale of property and equipment 58  
Purchase of capital assets (70) (24)
Net Cash Provided by (Used in) Investing Activities, Total (12) (24)
Financing activities    
Issuance of common shares and warrants for cash 6,461  
Share issue costs (608)  
Proceeds from exercise of stock options 9 302
Repayment of debt (2,147) (1,822)
Net Cash Provided by (Used in) Financing Activities, Total 3,715 (1,520)
Effects of foreign exchange rate changes on cash 266 (6)
Net change in cash and cash equivalents 5,874 (922)
Beginning cash and cash equivalents 1,443 3,104
Ending cash and cash equivalents $ 7,317 $ 2,182