Difference Capital Funding (formerly TriNorth Capital) is a merchant bank specializing in investments in the technology sector. The company shifted gears in 2012 after financial services firm Difference Capital Inc. invested in TriNorth to acquire a 49.9% stake. As a result, TriNorth changed its name to Difference Capital Funding. As TriNorth the company invested in natural resources companies in Africa and elsewhere. Now Difference Capital Funding focuses on the technology sector. Fellow Toronto-based investment firm
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| Income Statement | 2011 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $-1.605419706 | $-0.5382203344 | $-2.8116801024 |
| Gross Profit | $-1.60770894 | $-0.5561777421999999 | $-2.8116801024 |
| Operating Income | $-2.302302732 | $-1.1172695014 | $-5.5165648902 |
| Net Income | $-2.302302732 | $-0.773555258 | $-5.4481457173 |
| Diluted EPS | $-0.16 | $-0.05 | $-0.36 |
| Cash Flow (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Cash at the beginning of the year | $0.34867626 | $0.31342024 | $3.1828089 |
| Net Operating Cash | $-0.42337987 | $-0.8059888 | $-3.0149307 |
| Net Investing Cash | $0.15684538 | $0.8258188 | $-0.3802557 |
| Net Financing Cash | $0.0063726 | $ | $ |
| Net Change in Cash | $-0.26016188 | $0.019830033 | $-3.3951864 |
| Cash at end of the year | $0.081748694 | $0.34867626 | $0.31342024 |
| Capital Expenditure | $ | $ | $ |
| Assets (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Assets | |||
| Cash | $0.081748694 | $0.34867626 | $0.31342024 |
| Net Receivables | $ | $ | $0.0 |
| Inventories | $ | $ | $ |
| Other Income Assets | $3.08076 | $0.048885223 | $0.47998908 |
| Asset Summary | |||
| Total Current Assets | $3.1625087 | $0.39756146 | $0.7934093 |
| Net Fixed Assets | $ | $ | $ |
| Other Noncurrent Assets | $0.0 | $4.929014 | $5.5622478 |
| Total Assets | $3.1625087 | $5.3265753 | $6.355657 |
| Liabilities (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short Term Debt | $ | $ | $ |
| Other Current Liabilities | $0.32903793 | $0.09567486 | $0.3052758 |
| Liability Summary | |||
| Total Current Liabilities | $0.32903793 | $0.09567486 | $0.3052758 |
| Long Term Debt | $ | $ | $ |
| Other Noncurrent Liabilities | $0.0 | $0.0 | $0.0 |
| Total Liabilities | $0.32903793 | $0.09567486 | $0.3052758 |
| Stakeholder's Equity (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Equity | |||
| Preferred Stock Equity | $ | $ | $ |
| Common Stock Equity | $2.8334708 | $5.230901 | $6.050381 |
| Equity Summary | |||
| Total Equity | $2.8334708 | $5.230901 | $6.050381 |
| Shares Outstanding | 15.1 | 15.07 | 15.07 |