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Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows used in operating activities:    
Net income $ 4,190 $ 6,466
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,530 1,926
Amortization of deferred charges 19 19
Share of income from joint ventures (3,229) (2,611)
Interest expense 537 694
Interest income (383) (136)
Interest paid on long-term debt (538) (662)
Gain on settlement agreement (4,681)  
Loss (gain) on disposal of assets 6 (13,564)
Lease payments (271) (254)
Interest paid on finance leases (1) (3)
Share-based compensation 529 1,296
Deferred income taxes (468) 4,823
Changes in non-cash working capital items 2,225 (3,540)
Net cash used in operating activities (535) (5,546)
Cash flows used in investing activities:    
Purchases of property, plant and equipment, net of rebate (259) (167)
Advances to joint ventures   (2,251)
Proceeds from sale of asset   60
Investment in joint ventures (6,063) (7)
Net cash used in investing activities (6,322) (2,365)
Cash flows from financing activities:    
Proceeds from borrowings 2,000 3,000
Repayments on borrowings (875) (837)
Proceeds from issuance of common stock 7,957  
Issuance costs (633)  
Proceeds from exercise of stock options   34
Payments on capital lease obligations (21) (18)
Net cash provided by financing activities 8,428 2,179
Effect of exchange rate changes on cash and cash equivalents (2)  
Net increase (decrease) in cash and cash equivalents 1,569 (5,732)
Cash and cash equivalents, beginning of period 11,989 11,920
Cash and cash equivalents, end of period $ 13,558 $ 6,188