Consolidated Statement of Financial Position
as at December 31
2012
2011
ASSETS
Current
Cash
775,881
1,078,582
Accounts Receivable
377,241
474,970
4,596
-
HST Receivable
Short Term Investments
17,837
14,224
Inventory
52,319
41,775
Prepaid expenses
45,560
17,544
Current portion of loans receivable
-
26,083
1,273,434
1,653,178
Non Current
Long term investments
-
Loans receivable
-
1,243,535
114,236
Capital assets
$
1,208,830
132,863
2,631,205
$
2,994,871
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable
192,678
310,313
Deferred contributions and revenue
423,436
301,926
Current portion of loans payable
160,482
170,482
776,596
782,721
47,801
77,992
824,397
860,713
1,806,808
2,134,158
Non Current Liabilities
Deferred capital contribution
Total Liabilities
Net Assets
$
2,631,205
$
2,994,871