CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME  Annual Report  2013  Consolidated Financial Statements 42  Note  2013  2012  Revenues  Royalties and distributions  5  $51,576,277  $32,089,405  Interest and other  5  1,130,727  20,259  Gain on reduction of LifeMark interest  5  13,052,160  -  Impairment loss on SHS  5  (15,512,013)  Unrealized loss on foreign exchange contracts  4  (651,915)  (3,750)  Total Revenue  49,595,236  32,105,914  Salaries and benefits  11  2,679,570  1,796,174  Corporate and office  1,371,188  971,072  Legal and accounting fees  919,791  1,330,689  Non-cash stock-based compensation  10,11  3,808,518  1,901,683  Bad debts  575,000  -  Depreciation and amortization  106,283  107,633  Subtotal  9,460,350  6,107,251  Earnings from operations  40,134,886  25,998,663  Finance costs  1,677,102  1,033,392  Unrealized foreign exchange loss/(gain)  (1,909,530)  241,794  Earnings before taxes  40,367,314  24,723,477  Deferred income tax expense  6  8,257,300  5,978,701  Current income tax expense  6  2,286,517  709,173  Total income tax expense  6  10,543,817  6,687,874  Earnings  29,823,497  18,035,603  Other comprehensive income  Net change in fair value of Preferred LP units 5  4,800,000  50,000  Tax impact of change in fair value  (600,000)  (6,250)  Realized gain/(loss) on reduction of partnership interest  5  (13,052,160)  -  Tax impact of realized gain  1,631,519  Foreign currency translation differences  1,467,103  (140,273)  Other comprehensive income for the year, net of income tax  (5,753,537)  (96,523)  Total comprehensive income for the year  $ 24,069,960  $ 17,939,080  Earnings per share  Basic earnings per share  $1.12  $0.86  Fully diluted earnings per share  $1.09  $0.84  Weighted average shares outstanding  Basic 26,695,896  20,934,899  Fully Diluted 27,408,071  21,475,993  For the years ended December 31 