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Novadaq Technologies Inc.
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Unaudited)(expressed in U.S. dollars, except common shares outstanding) As at As at December 31, March 31, 2013 2012 ------------------------------------ASSETSCurrent assets Cash and cash equivalents $ 37,219,867 $ 38,954,181 Accounts receivable 5,045,535 4,056,954 Prepaid expenses and other assets 723,440 852,674 Inventories 2,421,566 1,713,577Non-current assets Property and equipment, net 11,220,872 10,717,661 Deferred tax assets - 170,442 Intangible assets, net 1,006,899 1,121,808 ------------------------------------Total Assets $ 57,638,179 $ 57,587,297 ------------------------------------ ------------------------------------LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities Accounts payable and accrued liabilities $ 3,911,143 $ 3,407,329 Provisions 105,120 85,260 Deferred revenue 638,114 637,864 Deferred partnership fee revenue 1,300,000 1,300,000 Repayable government assistance 166,933 203,148 Convertible debentures 63,944 4,656,746Non-current liabilities Deferred tax liabilities - 170,442 Deferred revenue 177,360 144,204 Deferred partnership fee revenue 2,966,666 3,291,666 Repayable government assistance - 17,946 Shareholder warrants 14,453,323 13,002,930 ------------------------------------Total Liabilities $ 23,782,603 $ 26,917,535 ------------------------------------Shareholders' Equity Share capital $ 147,149,620 $ 139,946,563 Contributed surplus 8,258,101 7,908,224 Equity component of convertible debentures 19,513 1,454,353 Deficit (121,571,658) (118,639,378) ------------------------------------Total Shareholders' Equity $ 33,855,576 $ 30,669,762 ------------------------------------Total Liabilities and Shareholders' Equity $ 57,638,179 $ 57,587,297 ------------------------------------ ------------------------------------Common shares outstanding 43,123,071 40,226,243 ------------------------------------ ------------------------------------
