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CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (4,572) $ (7,491)
Adjustments to reconcile net loss for the period to net cash and cash equivalents used in operating activities:    
Depreciation 75 103
Asset retirement obligation 0 17
Realized gain on derivatives 0 (14)
Unrealized (gain)/loss on derivatives 0 (103)
Stock-based compensation 121 318
Changes in non-cash working capital    
Accounts receivable 5 2
Interest receivable (17) 4
Prepaid expenses 169 116
Accounts payable and accrued liabilities (600) (703)
Net cash and cash equivalents used in operating activities (4,819) (7,751)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment (2) (33)
Proceeds from sale of equipment 2 0
Net cash and cash equivalents used in investing activities 0 (33)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash received for common shares, net of share issuance costs 3,076 (42)
Net cash and cash equivalents used in financing activities 3,076 (42)
Decrease in cash and cash equivalents (1,743) (7,826)
Cash and cash equivalents - beginning of the period 10,139 23,902
Cash and cash equivalents - end of the period $ 8,396 $ 16,076