(used in)
operating
activities:
Net loss $ (96,740) $(349,919) (1,979,019) $ (2,251,105)
Adjustments to
reconcile net
loss to net
cash from
operating
activities:
Finance
expense 11,501 7,422 23,379 16,179
Depreciation
and
Amortization 256,318 263,423 766,820 800,695
Stock option
expense (5,587) 50,618 80,533 137,626
Foreign
exchange
(gain) loss
on cash held
in foreign
currency (4,403) (5,483) (20,062) 39,285
Foreign
exchange
(gain) loss
on
borrowings
and lease
liabilities (17,622) 17,774 5,001 (50,456)
Loss on
disposal of
assets - 1,753 5,668
143,467 (16,165) (1,121,595) (1,302,108)
Change in
non-cash
operating
assets and
liabilities:
Decrease in
deferred
cost of
revenue 2 1,141 475 5,856
Decrease
(Increase)
in deferred
revenue 30,792 (172,612) (339,446) (332,074)
Change in
other
non-cash
operating
assets and
liabilities 710,407 489,891 (471,442) 1,705,346
Cash generated
from (used in)
operating
activities 884,668 302,255 (1,932,008) 77,020
Cash flows from
(used in)
investing
activities:
Acquisition of
property,
plant and
equipment (65,294) (90,048) (176,583) (239,296)
Proceeds on
sale of
property,
plant and
equipment - - 4,600 -
Acquisition of
intangible
assets (61,330) (109,750) (69,785) (240,173)
Cash (used in)
investing
activities (126,624) (199,798) (241,768) (479,469)
Cash flows from
(used in)
financing
activities:
Interest
income 1,825 2,704 5,881 22,255
Interest
expense (6,976) (10,126) (22,237) (33,748)
Government
Loan (SIF)
including
Deferred
Grant Income 340,353 793,229 -
Repayment of
borrowings - - (701,491)
Lease Right of
Use Asset 51,274 - 51,274 -
Repayment of
lease
liabilities (50,449) (48,781) (205,380) (218,530)
Cash generated
from (used in)
financing
activities 336,027 (56,203) 622,767 (931,514)
Foreign
exchange gain
(loss) on cash
held in
foreign
currency 4,403 5,483 20,062 (39,285)
Increase
(Decrease) in
cash 1,098,474 51,737 (1,530,947) (1,373,248)
Cash, beginning
of the period 2,705,065 5,082,621 5,334,486 6,507,606
Cash, end of
the period $3,803,539 $5,134,358 $ 3,803,539 $ 5,134,358
See accompanying notes to the interim condensed consolidated
financial statements
SOURCE Redline Communications Group Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/11/c9522.html
/CONTACT:
Redline Contact(s), Richard Yoon, Chief Executive Officer, +1-905-479-8344, ryoon@rdlcom.com; Philip Jones, Chief Financial Officer, +1-905-479-8344, pjones@rdlcom.com; Investor Relations Contact, Ron Shuttleworth, Partner, OakHill Financial, +1-647-500-7371, rshuttleworth@oakhillfinancial.ca
/Web site: http://www.redlinecommunications.com
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