XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss for the period $ (344) $ (5,357)
Adjustments for:    
Depreciation and amortization 4,545 4,859
Unrealized foreign exchange (gain) loss (781) 1,122
Share-based compensation expense 6,653 3,129
Finance costs 353 843
Deferred income tax recovery (1,069) (130)
Impairment charges 428 1,798
Derivative contracts designated as cash flow hedges (990) 599
Changes in cash held in trust (1,147) 2,254
Changes in non-cash balances related to operations 18,872 (13,331)
Interest paid (391) (812)
Net cash provided by (used in) operating activities 26,129 (5,026)
Cash flows from investing activities    
Acquisition of property and equipment (904) (450)
Additions to intangible assets (880) (1,837)
Net cash used in investing activities (1,784) (2,287)
Cash flows from financing activities    
Proceeds from issuance of share capital, net of issuance costs 23,275 0
Proceeds from long term debt 0 40,000
Repayment of long term debt (15,000) (25,000)
Payment of principal portion of lease liabilities (1,231) (1,293)
Proceeds from exercise of share options 187 67
Shares repurchased and cancelled 0 (1,042)
Purchase of shares held in trust (3,257) 0
Taxes paid on net settlement of RSUs (2,527) (1,209)
Net cash provided by financing activities 1,447 11,523
Effect of exchange rate fluctuations on cash held 786 (1,105)
Net increase in cash and cash equivalents 26,578 3,105
Cash and cash equivalents at beginning of the period 73,070 69,965
Cash and cash equivalents at end of the period 99,648 73,070
Interest Received 126 365
Taxes Received 1,768 (0)
Taxes Paid $ (166) $ (1,852)