Intermap Technologies Reports 2016 Second Quarter Financial Results

(In thousands of United States dollars)



June 30,

December 31,



2016

2015





Assets








Current assets:





Restricted cash


$

288

$

801


Amounts receivable


617

2,283


Unbilled revenue


33

11


Prepaid expenses


308

295



1,246

3,390





Property and equipment


1,594

1,922



$

2,840

$

5,312





Liabilities and Shareholders' Equity








Current liabilities:





Accounts payable and accrued liabilities


$

4,744

$

6,872


Current portion of notes payable


22,255

9,087


Current portion of project financing


1,166

1,121


Current portion of deferred lease inducements


44

101


Unearned revenue


618

467


Warrant liability


1,254

2,085


Income taxes payable


4

5


Obligations under finance leases


9

75


Current portion of other long-term liabilities


270

158



30,364

19,971





Long-term notes payable 


7,300

7,300

Long-term project financing


175

174

Deferred lease inducements


157

162

Obligations under finance leases


29

34

Other long-term liabilities


-

92



38,025

27,733





Shareholders' deficiency:





Share capital


196,622

196,409


Accumulated other comprehensive income


(98)

(102)


Contributed surplus


11,693

11,578


Deficit


(243,402)

(230,306)



(35,185)

(22,421)







$

2,840

$

5,312


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