Consolidated Statement of Operations
for the year ended December 31
2012
2011
REVENUE
Contributions
1,249,620
1,441,020
883,386
1,169,068
Dividend and investment income
74,780
47,910
Other income
91,610
54,739
2,299,396
2,712,737
Audit and legal
53,737
103,107
Bank charges, interest and foreign exchange
19,015
15,907
Bad debts
20,533
34,196
454,146
606,964
875
7,000
Occupancy and office
201,491
249,424
Printing and supplies
39,433
50,935
1,543,978
1,628,368
230,413
233,409
63,125
45,652
Consulting
EXPENSES
Contracts and consulting
Donations
Salaries
Travel
Amortization and Writedown
Loss (gain) on disposal of assets
-
7,672
Revaluation and impairment of amounts receivable
-
(13,725)
2,626,746
Deficiency of revenue over expenses
$
(327,350)
2,968,909
$
(256,172)