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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash provided by (used in) Operating activities    
Net loss for the period $ (1,099) $ (2,752)
Items not affecting cash:    
Stock based expense 457 531
Depreciation and amortization 3,735 3,838
Accretion Expense 254 77
Amortization of deferred loan costs 94 7
Write-off of mineral properties   93
Warrants mark to market gain (171) (576)
Other loss 5 3
RSUs redeemed for cash (143) (66)
Proceeds from assignment of sales contract   (1,254)
Change in non-cash working capital items:    
Accounts receivable 15 (1,441)
Inventory 1,283 (148)
Prepaid expenses (230) 130
Accounts payable and accrued liabilities (171) 548
Net Cash Provided by (Used in) Operating Activities, Total 4,029 (1,010)
Investing activities    
Mineral property costs   (58)
Funding of equity investment   (7)
Purchase of capital assets (43) (310)
Net Cash Provided by (Used in) Investing Activities, Total (43) (375)
Financing activities    
Share issue costs   (50)
Proceeds from exercise of stock options 408 880
Proceeds from debt financing   1,500
Cost of debt financing   (37)
Repayment of debt (3,658) (965)
Net Cash Provided by (Used in) Financing Activities, Total (3,250) 1,328
Effects of foreign exchange rate changes on cash 11 (16)
Net change in cash and cash equivalents 747 (73)
Beginning cash and cash equivalents 3,104 1,627
Ending cash and cash equivalents $ 3,851 $ 1,554