Tribute Resources Inc. recorded a loss of $1,069,630 for the year ended December 31, 2017 compared to a loss of $1,908,757 for the year ended December 31, 2016 which includes a provision for decline in the value of assets for 2017 in the amount of $627,511. Cash flow from operations for 2017 showed a loss of $744,663 compared to a loss of $1,096,162 in 2016. Net cash flow for the year ended December 31, 2017 decreased by $217,964 compared to a net cash decrease of $123,804 in 2016. Capital expenditures totaled $2,211,199 in 2017 compared to expenditures of $844,780 during 2016. capital expenditures were as follows: $276,850 for energy projects under development.