EX-99.2 3 v113442_ex99-2.htm Unassociated Document
 
 
SELECTED FINANCIAL DATA for the three (3) month period ended March 31, 2008
 
The following table presents our selected financial data as at the dates and for each of the periods indicated.
 
The selected financial data as of March 31, 2008 and for each of the three months ended March 31, 2008 and 2007 has been derived from our unaudited interim consolidated financial statements and notes thereto contained in our Interim Financial Report furnished on the Form 6-K filed this date.
 
The selected financial data set forth below should be read in conjunction with our unaudited interim consolidated financial statements and notes thereto and Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in our Interim Financial Report furnished on the Form 6-K filed this date and our audited financial statements contained in our Annual Report on Form 20-F for the year ended December 31, 2007 which is incorporated herein by reference.
 
 

 
Financial Data
 
CANADIAN GAAP
 
   
For the three months ended
March 31,
 
Statement of Operation Data
 
2008
 
2007
 
   
(Unaudited)
 
(Unaudited)
 
   
$
 
$
 
Revenues
   
1,709,026
   
2,642,904
 
Net loss for the period
   
(1,086,192
)
 
(1,380,702
)
               
 Basic and diluted net loss per share
   
(0.07
)
 
(0.10
)
Weighted average number of shares outstanding - basic and diluted
   
14,637,531
   
14,375,857
 
 


 
CANADIAN GAAP
 
Balance Sheet Data
 
As at
March 31, 2008
 
   
(Unaudited)
$
 
Total assets
   
17,249,382
 
Total liabilities
   
2,523,091
 
Net assets
   
14,726,291
 
Working capital
   
5,562,706
 
Capital stock
   
96,556,485
 
Additional paid-in capital
   
5,796,591
 
Accumulated other comprehensive income
   
561,137
 
Accumulated deficit
   
(88,187,922
)
Shareholders’ equity
   
14,726,291
 
Other
   
-
 
Cash dividends
   
None
 
 


 
U.S. GAAP
 
   
For the three months ended
March 31,
 
Statement of Operation Data
 
2008
 
2007
 
   
(Unaudited)
 
(Unaudited)
 
   
$
 
$
 
Revenues
   
1,709,026
   
2,642,904
 
Net loss for the period
   
(1,086,192
)
 
(1,380,702
)
               
 Basic and diluted net loss per share
   
(0.07
)
 
(0.10
)
Weighted average number of shares outstanding - basic and diluted
   
14,637,531
   
14,375,857
 
 


 
U.S. GAAP
 
Balance Sheet Data
 
As at
March 31, 2008
 
   
(Unaudited)
$
 
Total assets
   
17,249,382
 
Total liabilities
   
2,523,091
 
Net assets
   
14,726,291
 
Working capital
   
5,562,706
 
Capital stock
   
113,326,055
 
Additional paid-in capital
   
6,834,281
 
Accumulated other comprehensive income
   
561,137
 
Accumulated deficit
   
(105,995,182
)
Shareholders’ equity
   
14,726,291
 
Other
   
-
 
Cash dividends
   
None