Cash flows from ( used in ) operating activities Excess ( deficiency ) of revenue over expenses for the year |
( 210,610 ) |
( 3,322 ) |
Items not affecting cash Amortization of deferred lease inducement |
( 29,007 ) |
( 18,247 ) |
Amortization of rental equipment |
13,120 |
10,308 |
Amortization of property and equipment |
65,492 |
48,766 |
Amortization of equipment under capital lease |
7,622 |
4,234 |
Changes in non‐cash working capital Accounts receivable |
( 511 ) |
( 4,881 ) |
GST / HST receivable |
( 977 ) |
1,420 |
Interest receivable |
2,049 |
( 2,870 ) |
Prepaid expenses and deposits |
( 9,537 ) |
3,285 |
Accounts payable and accrued liabilities |
7,024 |
26,277 |
Deferred revenue |
6,307 |
2,164 |
( 149,028 ) |
67,134 |
Cash flows from ( used in ) investing activities Acquisition of property and equipment |
( 7,506 ) |
( 304,561 ) |
Acquisition of rental equipment |
( 4,525 ) |
( 22,495 ) |
( 12,031 ) |
( 327,056 ) |
Cash flows from ( used in ) financing activities Proceeds from deferred lease inducement |
‐ |
145,035 |
Repayments of capital lease obligation |
( 6,684 ) |
( 3,142 ) |
Proceeds from capital lease obligation |
‐ |
42,343 |
( 6,684 ) |
184,236 |
Cash and cash equivalents is comprised of |
||
Cash |
19,503 |
37,246 |
Guaranteed investment certificate |
100,000 |
250,000 |