D Box Technologies : 2018 Q1 D-BOX Financial Statements

Notes

June 30, 2017

$

March 31, 2017

$

ASSETS

Current assets

Cash and cash equivalents

7,838

8,867

Accounts receivable

5,113

5,517

Derivative financial instruments

68

―

Inventories

3

8,015

8,334

Prepaid expenses and deposits

820

612

21,854

23,330

Non-current assets

Property and equipment

8,250

8,443

Intangible assets

3,369

3,249

Other assets

8

9

33,481

35,031

LIABILITIES AND EQUITY

Current liabilities

Accounts payable and accrued liabilities

4,515

5,006

Derivative financial instruments

―

30

Warranty provision

124

124

Deferred revenues

1,182

1,463

5,821

6,623

Non-current liabilities

Share-based compensation liability

4

57

51

Employee benefit

301

203

Long-term debt

5

4,584

4,549

10,763

11,426

Equity

Share capital

6.1

62,762

62,762

Share-based payments reserve

5,207

5,151

Warrants reserve

6.3

528

959

Foreign currency translation reserve

(396)

(437)

Deficit

(45,383)

(44,830)

22,718

23,605

33,481

35,031

Notes

2017

$

2016

$

Revenues

Motion systems for:

Entertainment market:

Commercial theatres:

System sales

3,115

3,216

Rights for use, rental and maintenance

2,150

1,640

5,265

4,856

Home entertainment system sales

751

410

Themed entertainment system sales

442

1,120

6,458

6,386

Simulation and training market

1,683

1,276

8,141

7,662

Cost of goods sold excluding amortization

7.1

3,211

3,148

Amortization related to cost of goods sold

482

513

Cost of goods sold

3,693

3,661

Gross profit

4,448

4,001

Other expenses

Selling and marketing

7.2

2,515

2,242

Administration

7.3

1,717

1,325

Research and development

7.4

908

768

Foreign exchange loss (gain)

155

(14)

5,295

4,321

Loss before financial expenses (income) and income taxes

(847)

(320)

Financial expenses (income)

Financial expenses

145

150

Interest income

(9)

(44)

136

106

Loss before income taxes

(983)

(426)

Income taxes

1

―

Net loss

(984)

(426)

Items that will be reclassified to net income (loss) in subsequent periods:

Foreign currency translation gain

41

2

Comprehensive loss

(943)

(424)

Basic and diluted net loss per share

(0.006)

(0.002)

Weighted average number of common shares outstanding

175,950,573

174,976,708

Diluted weighted average number of common shares

175,950,573

174,976,708

Notes

Share capital

Share-based payments reserve

Warrants reserve

Foreign currency translation reserve

Deficit

Total

$

$

$

$

$

$

Balance as at March 31, 2017

62,762

5,151

959

(437)

(44,830)

23,605

Net loss

-

-

-

-

(984)

(984)

Foreign currency translation gain

-

-

-

41

-

41

Comprehensive loss

-

-

-

41

(984)

(943)

Share-based payments

6.2

-

56

-

-

-

56

Expiration of warrants

6.3

-

-

(431)

-

431

-

Balance as at June 30, 2017

62,762

5,207

528

(396)

(45,383)

22,718

Balance as at March 31, 2016

62,254

5,234

959

(406)

(41,938)

26,103

Net loss

-

-

-

-

(426)

(426)

Foreign currency translation gain

-

-

-

2

-

2

Comprehensive loss

-

-

-

2

(426)

(424)

Issue of share capital

6.1

40

(16)

-

-

-

24

Share-based payments

6.2

-

41

-

-

-

41

Balance as at June 30, 2016

62,294

5,259

959

(404)

(42,364)

25,744