48
In general, backup withholding will apply with respect to reportable payments made to a U.S. Holder unless (i) the
U.S. Holder is a corporation or other exempt recipient, and if required, demonstrates such exemption, or (ii) the U.S.
Holder furnishes the payor with a taxpayer identification number on IRS Form W-9 in the manner required, certifies
under penalty of perjury that such U.S. Holder is not currently subject to backup withholding and otherwise
complies with the backup withholding requirements.
Backup withholding is not an additional tax. Rather, the amount of any backup withholding imposed on a payment
to a holder will be allowed as a refund or a credit against such holder's U.S. federal income tax liability, provided
that the required information is timely furnished to the IRS
.
ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected historical consolidated financial data. We derived data as of and for the years
ended December 31, 2014 and 2013, as of and for the six-month period ended December 31, 2012 and as of and for
fiscal years ended June 30, 2009 through 2012 from our audited consolidated financial statements. Consolidated
financial data for the year ended December 31, 2012 is derived from our unaudited consolidated financial
statements. The selected financial data provided below should be read in conjunction with “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and our “Financial Statements and
Supplementary Data” provided in Item 7 and Item 8, respectively, of this Annual Report on Form 10-K.
(in thousands of U.S. dollars, except per share
amounts)
For the year ended December 31,
For the six-
month period
ended
December 31,
2014
2013
2012
2012
(
unaudited
)
Results of operations:
Net loss
$ (14,029)
$ (22,246) $ (29,362)
$ (15,430)
Basic and diluted loss per share
$ (0.29)
$ (0.48) $ (0.66)
$ (0.35)
Financial position:
Working capital
$ 9,219
$ 22,605
$ 37,041
$ 37,041
Total assets
$ 11,832
$ 25,865
$ 41,184
$ 41,184
Non-current liabilities
$ 202
$ 211
$ 238
$ 238
Shareholders' equity
$ 10,368
$ 23,922
$ 37,347
$ 37,347
For the fiscal years ended June 30,
(in thousands of U.S. dollars, except per share amounts)
2012
2011
2010
2009
Results of operations:
Net loss
$(34,994) $(16,657) $ (2,791) $ (1,844)
Basic and diluted loss per share
$ (0.79) $ (0.43) $ (0.09) $ (0.08)
Financial position:
Working capital
$ 50,120 $ 71,953 $ 11,127 $ 2,346
Total assets
$ 53,232 $ 75,483 $ 13,411 $ 2,425
Non-current liabilities
$ 435 $ 296 $ 1,982 $ 66
Shareholders' equity
$ 50,742 $ 74,093 $ 11,007 $ 2,358
