content_image/293025.jpg content_image/293026.jpg content_image/293027.jpg
6. Income tax expense (continued): 

As at December 31, 2013, the Corporation has unused federal investment tax credits which expire from time to time as follows: 

<img src='content_image/293025.jpg'>

The Corporation has research and development expenditures not deducted at the end of the year, to be deducted over an indefinite period for an amount of $3,692,188. 

<img src='content_image/293026.jpg'>

Cash taxes paid in the year total $1,344,166 (2012 - $709,173). 

## 7. EQUIPMENT: 

Equipment consists of leasehold improvements, furniture and fixtures, and computer equipment. The amounts are net of accumulated depreciation of $169,278 (December 31, 2012 - $153,931). During the year ended December 31, 2013, the Corporation acquired assets with a cost of $15,290 (2012 - $9,835). 

## 8. SHARE CAPITAL: 

<img src='content_image/293027.jpg'>

The Corporation has authorized, issued and outstanding, 28,693,694 voting common shares as at December 31, 2013. 

