曝光臺 注意防騙 網曝天貓店富美金盛家居專營店坑蒙拐騙欺詐消費者

$ $ $ $ $
2010 43,752 51,384 156,229 200,000 451,365
2011 43,752 51,384 148,351 - 243,487
2012 43,752 22,762 143,712 - 210,226
2013 43,752 134,435 178,187
2014 21,876 11,203 33,079
1 Convertible Debenture:
On August 25th, 2008, the Company purchased a portion of the debenture, for a total of $50,000.
Convertible debentures, totalling $250,000, maturing on August 27th, 2008, were issued again for a
total capital of $200,000 at a conversion price of $0.20 until August 27th, 2010.
Risks related to industry and economics
Sales of highly specialized image analysis tools such as those manufactured and sold by the Company
are dependent in part on the economic context of the industrial and manufacturing sectors. Yet, when
these sectors slowdown, the effects are widely felt. Other factors, such as currency and interest rate
fluctuations may also have impacts on the Company’s net results.
Although possible, the risks of bad debts are limited since the bulk of the Company’s customers are
Fortune 1000 companies, and since the Company uses the services of the EDC to ensure deliveries
outside of the country.
Risks and Uncertainties
The risk of obsolescence is high due to rapidly changing technology and changing customers’ needs.
The Company’s success depends on its ability to enhance existing products and to introduce new products
and features to meet changing customer requirements; the Company’s research and development
staff often uses beta hardware and software to ensure that it will remain ahead of its competitors.
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Protection in the form of patents is generally not available for software products such as those produced
by the Company. There can be no assurance that the Company’s means of protecting its proprietary
rights will be adequate or that the Company’s competitors will not independently develop similar technology.
However the Company does take whatever steps it can to protect itself.
The Company is highly dependent on principal members of its management staff as well as its advisors
and collaborators, the loss of whose services might impede the achievement of development objectives;
however, this risk is considered to be minimal as many shares are held by employees.
Foreign Currency Risk
The Company’s sales are mostly conducted in currencies other than the Canadian dollar, principally in
U.S. dollars, and fluctuations in the value of those currencies can cause exchange gains or losses.
Interest Rate Risks
Despite the increase in debt generated by the micro-machining workshop’s financing, debt ratios remain
under 1.0, which is quite reasonable. A 1% interest rate variation has no significant effect on the
Company’s financial statements.
Inflation Risks
Management believes that inflation has almost no impact on earnings, given the type of instruments
sold, and given the market structure for the sale of highly specialized systems, where there are few
suppliers and few buyers. Prices are determined by piece rate, according to the customer’s criteria.
Risks Related to a Lawsuit
The lawsuit filed against the Company and its Board of Directors with the Superior Court of Quebec on
August 7th, 2008 has not yet been heard before the Superior Court of Quebec as of April 30th, 2009.
On June 10th, 2009, a trial date of March 2010 was set by the Superior Court.
The plaintiff, Karol Brassard, calls for the repurchase of his 4,193,300 Clemex shares, for a total of
$1,467,655, or order the payment of the loss incurred up to this sum. On August 22nd, 2008, the
Honorable Judge Claude Auclair of the Quebec Superior Court had denied a safeguard request by
Karol Brassard in this same brief.
The Company and its directors categorically deny the merits of these allegations and have therefore
filed a counterclaim in this case. While we cannot predict the outcome of any legal proceedings, based
on information currently available, the Company believes that the defendants have a strong defense
and will vigorously dispute this claim.
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+ ACCOUNTING CHANGES
Financial Instruments - Disclosure and Presentation
On May 1, 2008, in accordance with the applicable transitional provisions, the Company adopted the
new recommendations of the Canadian Institute of Chartered Accountants’ Handbook (CICA Handbook)
included in Section 3862 , «Financial Instruments - Disclosures» and Section 3863,»Financial
Instruments - Presentation» that the company had adopted on May 1st, 2007.
Section 3862, «Financial Instruments - Disclosures», describes the required disclosures that enable
users to evaluate the significance of financial instruments for the Company’s financial position and
　
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