IGEN NETWORKS CORP - FORM 10-Q

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EX-31.2 - EX-31.2 - IGEN NETWORKS CORP	ex31-2.htm
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EX-31.1 - EX-31.1 - IGEN NETWORKS CORP	ex31-1.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2015.

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______.

Commission File No. 333-141875

IGEN Networks Corp.

(Exact name of registrant as specified in its charter)

Nevada	20-5879021
(State or Other Jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

119 North Henry Street, Alexandria, Virginia, 22314

(Address of principal executive offices) (Zip Code)

1-888-244-3650

(Registrant's telephone number including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer: o	Accelerated filer: o
Non-accelerated filer: o	Smaller reporting company: x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x

The number of shares of the registrant's common stock issued and outstanding as of August 18, 2015 is 27,162,913.

Table of Contents

TABLE OF CONTENTS

PART I		Page

ITEM 1.	FINANCIAL STATEMENTS	F-1 to F-14
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	6
ITEM 4.	CONTROLS AND PROCEDURES	6

PART II

ITEM 1.	LEGAL PROCEEDINGS	7
ITEM 1A.	RISK FACTORS	7
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	7
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	7
ITEM 4.	MINE SAFETY DISCLOSURES	7
ITEM 5.	OTHER INFORMATION	7
ITEM 6.	EXHIBITS	8

Table of Contents

Part I

FINANCIAL INFORMATION

Item 1. Financial Statements

The Company’s unaudited condensed consolidated interim financial statements for the three and six-month period ended June 30, 2015 are included herewith.

IGEN NETWORKS CORP.

Condensed Consolidated Interim Financial Statements

For the three and six months ended June 30, 2015

(Unaudited – Expressed in U.S. Dollars)

F-1

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IGEN NETWORKS CORP.

Condensed Consolidated Interim Balance Sheet

(Unaudited - Expressed in U.S. dollars)

	Note	June 30, 2015			December 31, 2014
		$			$
Assets
Current
Cash			23,253			56,347
Accounts receivable	6		265,024			299,422
GST receivable			21,648			17,021
Due from equity investee	6		19,120			20,578
Inventories	3(j)		32,903			14,102
Prepaid expenses			-			4,934

			361,948			412,404

Investment in an associate	4		233,198			227,075
Equipment	5		24,640			33,458
Goodwill	2		505,508			505,508
Security deposit			4,617			5,498
Total Assets			1,129,911			1,183,943
Liabilities and Shareholders' Equity
Current
Accounts payable	6		283,649			284,783
Accrued liabilities			75,909			68,221
Deferred revenue	3(k)		63,949			54,484
Note payable			55,219			52,592
			478,726			460,080
Non-current
Note payable	9		83,681			80,414
Total liabilities			562,407			540,494

Shareholders’ Equity
Capital Stock:
Authorized - 375,000,000 common shares with $0.001 par value Issued and outstanding -27,162,913 and 25,815,273 respectively	7		27,163			25,815
Additional paid-in capital	7		6,947,853			6,697,680
Accumulated other comprehensive loss			(8,271	)		(17,624	)
Deficit accumulated			(6,399,241	)		(6,062,422	)
Shareholders' Equity			567,504			643,449
Total Liabilities and Shareholders' Equity			1,129,911			1,183,943

Approved on Behalf of the Board

"Neil Chan"	Director

"Richard Freeman"	Director

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

F-2

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IGEN NETWORKS CORP.

Condensed Consolidated Interim Statement of Operations

(Unaudited - Expressed in U.S. dollars)

		Three months ended June 30,						Six months ended June 30,
	Note	2015			2014			2015			2014
		$			$			$			$
Revenue
Management services	6		-			67			-			12,221
Commission fees	6		-			9,134			-			17,840
Sales, hardware			261,552			166,301			413,734			166,301
Sales, services			27,513			21,195			53,880			21,195
Revenue, total			289,065			196,697			467,614			217,557
Cost of goods sold			186,090			98,387			303,639			98,387

Gross profit			102,975			98,310			163,975			119,170
Expenses
Advertising and selling expenses	6		9,488			7,933			19,417			12,343
Consulting and business development fees			99,241			80,705			118,891			94,310
Depreciation			4,292			1,518			8,720			1,931
General and administrative	6		31,929			29,216			70,761			54,318
Interest expense			6,280			4,734			10,336			9,576
Management fees			420			694			15,000			27,360
Professional fees			246			13,446			22,434			16,296
Salaries			69,700			39,615			150,672			39,615
Stock-based compensation	7		14,103			7,095			33,358			7,095
Transfer agent & filing fees			22,872			8,100			34,485			8,993
Travel and accommodation			2,895			6,737			19,576			17,264
Total			261,466			199,793			503,650			289,101
Loss before the others:			(158,491	)		(101,483	)		(339,675	)		(169,931	)
Accretion			(1,670	)		(9,975	)		(3,267	)		(24,411	)
Change in derivative liabilities			-			(1,569	)		-			3,643
Change in fair value of convertible debenture			-			31,003			-			31,003
Share of income (losses) from investment in an associate	4		1,941			(13,462	)		6,123			(19,498	)
Net loss			(158,220	)		(95,486	)		(336,819	)		(179,194	)
Other comprehensive Loss:
Net loss for the period			(158,220	)		(95,486	)		(336,819	)		(179,194	)
Foreign currency translation adjustment			(2,994	)		1,698			9,353			(234	)
Total comprehensive loss			(161,214	)		(93,788	)		(327,466	)		(179,428	)
Net Loss per share, basic and diluted			(0.01	)		(0.00	)		(0.01	)		(0.01	)
Weighted Average Number of Common Shares Outstanding			26,685,461			22,015,562			26,256,134			20,749,124

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

F-3

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IGEN NETWORKS CORP.

Condensed Consolidated Interim Statement of Cash Flow

(Unaudited - Expressed in U.S. dollars)

		Six months ended June 30,
	Note	2015			2014
Cash Flows from Operating Activities		$			$
Net loss			(336,819	)		(179,194	)
Items not affecting cash:
Accretion			3,267			24,411
Change in derivative liabilities			-			(3,643	)
Change in fair value, convertible debenture			-			(31,003	)
Depreciation			8,720			1,931
Share of (income) losses from investment in an associate			(6,123	)		19,498
Share issued for services			10,000			66,950
Stock-based compensation			33,358			7,095
Other, including net changes in other non-cash balances:
Accounts receivable			34,398			(47,816	)
Due from an equity investee			1,458			(14,055	)
GST receivable			(4,627	)		(5,036	)
Inventory			(18,801	)		(4,006	)
Prepaid and security deposit			5,815			609
Accounts payable, accrued liabilities, accrued interest, and deferred revenue			29,468			(39,671	)
Net cash used in operating activities			(239,886	)		(203,930	)

Cash Flows from Investing Activities
Acquisition of cash, business combination	7		-			42,672
Cash Flows from Financing Activities
Proceeds from issuance of units, private placement	7		208,163			217,500

Effect of exchange rate on cash			(1,371	)		(234	)

Net increase (decrease) in cash			(33,094	)		56,008
Cash, beginning of period			56,347			11,684
Cash, end of period			23,253			67,692

See Note 10 for supplemental information to this statement of cash flow.

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

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IGEN NETWORKS CORP.

Condensed Consolidated Interim Statement of Stockholders' Equity (Deficit)

(Unaudited - Expressed in U.S. dollars)

								Accumulated
						Additional		Other						Total
		Common Stock				Paid-in		Comprehensive						Stockholders’
	Note	Shares		Amount		Capital		Loss			Deficit			Equity
				$		$		$			$			$
Balance, December 31, 2013			18,771,669		18,771		5,537,261		(2,596	)		(5,314,199	)		239,237

Units issued for cash at $0.08/unit	7		843,750		844		66,656		-			-			67,500
Shares issued for cash at $0.08/share	7		625,000		625		49,375		-			-			50,000
Shares issued for cash at $0.15/share	7		333,333		333		49,667		-			-			50,000
Units issued for cash at $0.13/unit	7		384,616		385		49,615		-			-			50,000
Shares issued for acquisition of Nimbo	2		2,500,000		2,500		472,500		-			-			475,000
Shares issued for services	7		529,722		530		102,420		-			-			102,950
Shares issued for cash at $0.168/share	7		297,619		297		49,703		-			-			50,000
Units issued for cash at $0.17/unit	7		147,059		147		24,853		-			-			25,000
Share issued for cash at $0.18/share	7		770,510		771		137,921		-			-			138,692
Shares issuance, convertible debenture conversion	7		611,995		612		91,921		-			-			92,533
Stock based compensation	7		-		-		49,625		-			-			49,625
Issuance of promissory note on discount	9		-		-		16,163		-			-			16,163
Foreign currency translation adjustment			-		-		-		(15,028	)		-			(15,028	)
Net loss for the year			-		-		-		-			(748,223	)		(748,223	)
Balance, December 31, 2014			25,815,273		25,815		6,697,680		(17,624	)		(6,062,422	)		643,449

Stock based compensation			-		-		33,358		-			-			33,358
Issuance for cash			1,296,839		1,297		206,866		-			-			208,163
Issuance for services			50,801		51		9,949		-			-			10,000
Foreign currency translation adjustment			-		-		-		9,353			-			9,353
Net loss for the period			-		-		-		-			(336,819	)		(336,819	)
Balance, June 30, 2015			27,162,913		27,163		6,947,853		(8,271	)		(6,399,241	)		567,504

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

1.	Nature and continuance of operations

IGEN Networks Corp, (“IGEN”, or the “Company”) was incorporated in the State of Nevada on November 14, 2006. IGEN has three lines of businesses: investing in and managing for growth private high-tech companies that offer products and services in the domains of wireless broadband; negotiating distribution agreements with relevant organizations and selling their products and services through the distribution channels of IGEN; and commencing May 5, 2014, the Company was also in the business of providing vehicle tracking and recovery solutions to the automotive and power sport industries after the acquisition of Nimbo, LLC (Note 2).

These condensed consolidated interim financial statements have been prepared on a going concern basis, which imply the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, on the ability of the company to grow its revenue base, on its ability to successfully grow the companies in which it is invested, and on the ability of the Company to obtain necessary equity financing to both support the latter objectives and to invest in and grow new companies. The Company has recurring losses since inception and had accumulated losses of $6,399,241 as at June 30, 2015. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. Although there are no assurances that management’s plans will be realized, management believes that the Company will be able to continue operations into the future. These condensed consolidated interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2.	Business Acquisition

Effective May 5, 2014 (the “Acquisition Date”), the Company took control of Nimbo, LLC (“Nimbo”), a corporation incorporated in Texas U.S.A., by acquiring 100% of the voting equity interest (the “Acquisition”) of Nimbo. Nimbo is in the business of providing vehicle tracking and recovery solutions to the automotive and power sport industries. The Company intends on applying human resources and capital to help growing Nimbo LLC. The Company issued 2,500,000 common shares as consideration of the Acquisition. The fair value of these common shares was $475,000, which was determined on the basis of the closing price of Igen’s common share on the Acquisition Date.

In accordance with the FASB ASC 805, the Acquisition has been accounted for as a purchase of a business and the Company is identified as the acquirer. The fair value of the purchase consideration of $475,000 was allocated to the assets acquired and liabilities assumed based on the estimated fair values on the date of acquisition as described below:

Assets acquired
Cash	$	42,672
Accounts receivable (net of $9,258 provision for uncollectable)		117,727
Inventory		21,312
Prepaid		4,170
Equipment		45,035
Goodwill		505,508
Total		736,424
Less liabilities assumed:
Accounts payable, accrued liabilities, and deferred revenue		261,424
Fair value of assets acquired, net of liabilities assumed	$	475,000

The following table provides information of the revenue and net loss of Nimbo

	Revenue		Net loss
	$		$
The actual result of Nimbo for six months ended June 30, 2015		467,614		(134,102	)

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

3. Summary of Significant Accounting Policies

a)	Basic of presentation and consolidation

These condensed consolidated interim financial statements and related notes include the records of IGEN Networks Corp., its wholly owned subsidiary, IGEN Business Solutions Inc (incorporated in Canada), and its wholly owned subsidiary Nimbo LLC (incorporated in USA).

As discussed in Note 2, as of the completion of the Acquisition on May 5, 2014, the Company has started to consolidate the results of operation and cash flow of Nimbo to the Company’s consolidated financial statement. As a result, the comparative figures in the condensed consolidated interim statements of operations and condensed consolidated interim statements of cash flow for six months ended June 30, 2014 (collectively the “2014 Comparative Figures”) include the accounts of Nimbo only from the period from May 5 to June 30, 2014.

All intercompany transactions and balances have been eliminated. These condensed consolidated interim financial statements are presented in accordance with accounting principles generally accepted in the United States, expressed in US dollars, and, in management’s opinion, have been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized as in the following:

b)	Use of estimates

The preparation of these financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to donated expenses, and deferred income tax asset valuations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

c)	Loss per share

Basic earnings (loss) per share are computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted earnings per share give effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted earnings (loss) per share, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted earnings (loss) per share exclude all dilutive potential shares if their effect is anti-dilutive.

Because the effect of conversion of the Company’s dilutive securities is anti-dilutive, diluted loss per share is the same as basic loss per share for the periods presented.

d) Financial instruments

The Company adopted FASB ASC 820-10-50, “Fair Value Measurements”. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:

-	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

-	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instrument.

-	Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

The fair values of cash, accounts receivable, accounts payable and accrued liabilities approximate their carrying values due to the immediate or short-term maturity of these financial instruments. Foreign currency transactions are primarily undertaken in Canadian dollars. The fair value of cash is determined based on “Level 1” inputs and the fair value of derivative liability with convertible debt is determined based on “Level 2” inputs. The financial risk is the risk to the Company’s operations that arise from fluctuations in foreign exchange rates and the degree of volatility to these rates. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk. Financial instrument that potentially subject the Company to concentrations of credit risk consists of cash. The Company places its cash in what it believes to be credit-worthy financial institutions.

Equipment

Office equipment and computer are recorded at cost. Amortization is provided annually at rates and methods over their estimated useful lives as follows, except in the year of acquisition when one half of the rate is used. Management reviews the estimates of useful lives of the assets every year and adjust them on prospective basis, if needed.

Office equipment	20% declining balance
Computer	55% declining balance
Software	3 years straight line

Property, plant and equipment are reviewed for impairment whenever events or changes in the circumstances indicate that the carrying value may not be recoverable. If the total of the estimated undiscounted future cash flows is less than the carrying value of the asset, an impairment loss is recognized for the excess of the carrying value over the fair value of the asset during the year the impairment occurs. Subsequent expenditure relating to an item of office equipment is capitalized when it is probable that future economic benefits from the use of the assets will be increased.

f)	Revenue recognition

The Company recognizes revenue when earned, specifically when all the following conditions are met:

- Services are provided or products are delivered to customers.

- There is clear evidence that an arrangement exists.

- Amounts are fixed or can be determined.

- The ability to collect is reasonably assured.

- There is no significant obligation for future performance.

- The amount of future returns can be reasonably estimated.

g)	Foreign currency transaction balances

The Company’s reporting currency is the U.S. dollar. The condensed consolidated interim financial statements of the Company are translated to U.S. dollars in accordance with ASC 830, Foreign Currency Translation Matters, using the exchange rate prevailing at the balance sheet date. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.

Assets and liabilities of the Company’s Canadian subsidiary are translated into U.S. dollars at the year-end exchange rates, and revenue and expenses are translated at the average exchange rates during the period. Exchange differences arising on translation are disclosed as a separate component of stockholders’ equity.

h)	Income taxes

The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10. FASB ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with prior literature FASB Statement No. 109, Accounting for Income Taxes. This standard requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely than not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

i)	Stock-based compensation

The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the consolidated statement of operations over the requisite service period.

j)	Inventories

Inventories are stated at the lower of cost or market with cost being determined on a first-in, first-out (FIFO) basis. Inventories as at December 31, 2014 and June 30, 2015 were solely finished goods that can be resold. There was no provision for inventory recorded during the year ended December 31, 2014 and June 30, 2015.

k)	Deferred revenue

As at December 31, 2014, and June 30, 2015, the Company had deferred revenues of $54,484 and $63,949 respectively. Annual service renewal fees are recorded as a component of deferred revenue in the balance sheets at the inception of the contract and are recognized as revenue evenly over the contract period, which is generally one year.

l) Changes in accounting policies and recent accounting pronouncements

The Company has not adopted new accounting policies since it most recent year ended December 31, 2014. The Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

4.	Investment in an associates and Investment

Investment

The Company’s investment consists of 43 common shares of Machlink Inc. (“Machlink”) which is a private company conducting information technology business. The Company is not considered having significant influence in Machlink’s operations. The shares of Machlink do not have quoted market prices in an active market. On December 31, 2013 and December 31, 2014, the Company’s investment in Machlink had a carrying value of $150,000 and $Nil which is the Company’s cost in this investment’s less impairment.

During the year ended December 31, 2014, this investment was fully written off as management determined the investment cannot be recovered and the Company recorded an impairment loss of $150,000 during the fourth quarter of 2014.

Investment in an associate

Pursuant to an option agreement, the Company incurred $50,000 and $50,000 (totaling $100,000) to acquire 200,000 and 200,000 (totaling 400,000) common shares of Gogiro Internet Group (“Gogiro”), a private Canadian Company, on November 23, 2011 and October 17, 2012 respectively.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

On March 12, 2013, the Company signed an agreement to acquire 2,078,080 shares of Gogiro through the issuance of 1,744,747 restricted common shares of the Company (the “Gogiro Acquisition”). Neil Chan, CEO and Director of both companies, would exchange 2,000,000 Gogiro shares for 1,666,667 restricted common shares of the Company. The proceeds of Gogiro Acquisition was $174,475 which was the fair value of the 1,744,747 restricted shares of the Company.

Upon the completion of the Gogiro Acquisition in March 2013, the Company’s interest on Gogiro increased to more than 30%. As a result, the Company has changed its method to account for its investment in Gogiro from “cost less impairment value” method to equity method as the Company’s interest on Gogiro has surpassed 20% whereby the Company is considered having significant influence on Gogiro. The Company’s weighted average ownership on Gogiro was 30.37 % during six months ended June 30, 2015. Consequently the Company has included Gogiro’s income (losses) in the Company’s consolidated financial statements in accordance to the percentage ownership. In addition, gains and losses resulting from 'upstream' and 'downstream' transactions between IGEN and Gogiro are recognized in IGEN’s consolidated financial statements only to the extent of unrelated investors' interests in Gogiro. Changes in carrying value of the Company’s investment in Gogiro are as follows:

	Number of Gogiro shares owned		Amount ($)
Balance, December 31, 2013		2,478,080		241,338
Share of Gogiro’s loss during fiscal 2014 December 31, 2014 (30.44%)		-		(14,263	)
Balance, December 31, 2014		2,478,080		227,075
Share of Gogiro’s income during six months ended June 30, 2015 (30.37%)		-		6,123
		2,478,080		233,198

The following table summarizes Gogiro's revenue, expenses and net loss on an aggregate basis without adjusting for IGEN's proportionate interest:

	Six months ended June 30, 2015 $			Six months ended June 30, 2014 $
Revenue		64,494			60,714
Expense		(44,332	)		(133,188	)
Other revenue		-			31,876
Net income (loss)		20,162			(40,598	)

5. Equipment

								Net Book Value
	Cost		Accumulated Amortization		Effect of foreign change			2015/6/30		2014/12/31
Office equipment	$	1,603	$	900	$	-		$	703	$	799
Computer		49,272		28,211		(157	)		20,904		28,276
Software		6,012		2,869		(110	)		3,033		4,383
TOTAL	$	56,887	$	31,980	$	(267	)	$	24,640	$	33,458

6. Related Party Transactions

Related party transactions not disclosed elsewhere in these condensed consolidated interim financial statements are as follows:

As at June 30, 2015, the Company had an advance receivable from Gogiro of $19,120 (CAD$ 23,900). (2014/12/31 - $20,578 (CAD$23,900). This advance receivable is unsecure, due on demand, and has an interest of 5% per annum.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

Included in the Company’s accounts receivable was an amount of $158,809 (CAD$198,511) trade receivable from Gogiro (2014/12/31 - $170,918(CAD$198,511)). This trade receivable is unsecured, due on demand, and is non-interest bearing.

During six months ended June 30, 2015 (“2015 Six Months”), the Company incurred $68,460 in management and consulting fees to two officers and a Company controlled by a director (2014 Six Months - $50,160).

During 2015 Six Months, IGEN recorded the following transactions with Gogiro, a company shares a common Officer and Director with IGEN, and a company of which IGEN has significant influence (Note 4):

- Commission fees income from Gogiro of $Nil (2014 Six Months - $17,840)

- Management service income from Gogiro of $Nil (2014 Six Months - $12,221)

- Advertising expenses charged by Gogiro of $Nil (2014 Six Months - $3,049)

- Office rent expenses charged by Gogiro of $Nil (2014 Six Months - $1,633)

As at June 30, 2015 the Company had account receivables of $158,809 (December 31, 2014 - $170,918), and accounts payable of $Nil (December 31, 2014 - $Nil) with Gogiro (Note 4). The Company also had account payable of $33,663 (December 31, 2014 - $59,180) with directors and officers and a company controlled by a director.

7. Stockholders' Equity

a) During 2014, the company issued the following shares/ units under the Securities Act of 1933 exemption Rule 14 pursuant to non-brokerage private placements:

·	On January 28, 2014 the Company issued 843,750 units (“Unit A”) for $67,500 ($0.08/share). Each Unit A consisted of one common share and one share purchase warrant, each warrant entitling the holder to purchase one share at an exercise price of $0.20 per share for one year.

During the second quarter of 2014, the Company issued 625,000 common shares at for $50,000 ($0.08/share), issued 333,333 common shares for $50,000 ($0.15/share), issued 384,616 units (“Unit B”) for $50,000 ($0.13/unit). Each Unit B consisted of one common share and one share purchase warrant, each warrant entitling the holder to purchase one share at an exercise price of $0.26 per share for one year.

During the third quarter of 2014, the Company issued 297,619 common shares for $50,000 ($0.168/share), 277,778 common shares for $50,000 ($0.18/share), and issued 147,059 unit (“Unit C”) for $25,000 ($0.17/unit). Each Unit C consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.40 for two years.

·	During the fourth quarter of 2014, the Company issued 492,732 common shares for $88,692 ($0.18/share),

During 2014, the Company also issued the following common shares:

·	2,500,000 common shares were issued for the Acquisition (Note 2). The fair value of these common shares is $475,000 which is determined by the market closing prices of these shares at the Acquisition Date.

·	611,995 common shares when a convertible debenture with principal of CAD$100,000 was converted

·	529,722 common shares with fair value of $102,950 for services rendered by various consultants. The fair value were determined by the market closing prices of these shares when they were issued.

b) On April 22, 2015, the Company closed two non-brokered private placements of a total of 596,839 units for gross proceeds of $98,796:

The first private placement was for 133,333 units (“Unit X”) at a subscription price of $0.15 per unit for total proceeds of $20,000. Each Unit X consists of one common share and a ½ share purchase warrant, each whole warrant exercisable into one common share at $0.35 for a period of two years from the closing date.

·	The second private placement was for 463,506 common shares at a subscription price of $0.17 per share for total proceeds of $78,796.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

On May 15, 2015, The Company closed non-brokered private placements of a total of 600,000 units (“Unit Y”) for gross proceeds of $100,367. Each Unit Y consists of one common share and one share purchase warrant, each warrant exercisable into one common share at CAD$0.35 ($0.28 equivalent) for a period of two years from the closing date.

During 2015 Six Months the Company also issued the following common shares:

·	On April 22, 2015, The Company issued 100,000 common shares for option exercises for $9,000 cash.

·	During six months ended June 30, 2015 the Company issued 50,801 common shares for services totaling $10,000.

c) Common share purchase warrants:

The Continuity of the Company’s share purchase warrant is as follows:

December 31, 2014		Exercise Price		Expiry Date	Expired		Issuance		June 30, 2015
	281,250	$	0.20	28-Jan-15		281,250		-		-
	562,500	$	0.20	28-Jan-15		562,500		-		-
	192,308	$	0.26	27-Apr-15		192,308		-		-
	192,308	$	0.26	27-Apr-15		192,308		-		-
	147,059	$	0.40	30-Sep-16		-		-		147,059
	-	$	0.35	22-Apr-17		-		133,333		133,333
	-	$	0.28	15-May-15		-		600,000		600,000
	1,375,425					1,228,366		733,333		880,392

The number of outstanding warrants as at June 30, 2015 and December 31, 2014 was 880,392 and 1,375,425 respectively. As at June 30, 2015, the weighted average exercise price and weight average remaining life of the warrants was $0.29/share (2014/12/31 -$0.24/share) and 1.76 years (2014/12/31 - 0.32 years).

d) Stock Options

The following table summarizes information about stock options outstanding and exercisable at June 30, 2015:

	Number of Options			Weighted average exercise price $
Options outstanding – December 31, 2013		1,090,556			0.09
Option granted (April 28, 2014)		50,000			0.17
Options granted (June 5, 2014)		450,000			0.18
Options outstanding, December 31, 2014		1,590,556			0.12
Options exercised		(100,000	)		0.09
Options granted		50,000			0.18
Options outstanding, June 30, 2015		1,540,556	*		0.12

*Number of options exercisable as June 30, 2015 was 1,315,556.

On April 28, 2014, the Company granted 50,000 stock options to a consultant at an exercise price of $0.17/share. These options will expire on April 1, 2019, and 50% of these 50,000 options will be vested on October 1, 2014 and April 1, 2015 respectively.

On June 5, 2014, the Company granted three consultants totaling 450,000 stock options at an exercise price of $0.18/share. These 450,000 options will be vested 50% on May 1, 2015 and the remaining 50% on May 1, 2016. These 450,000 options will expire on June 5, 2019.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

During three months ended March 31, 2015, the Company granted 50,000 stock options to a consultant at an exercise price of $0.18/share. These options will expire April 1, 2019, and 50% of these 50,000 options will be vested on May 1, 2015 and on May 1, 2016, respectively.

The fair values of stock options granted are amortized over the vesting period where applicable. During 2015 Six Months, the Company recorded $33,358 (2014 Six Months - $7,095) stock-based compensation in connection with the vesting of options granted. The Company uses the Black-Scholes option pricing model to establish the fair value of options granted with the following assumptions:

	Fiscal 2014 and 2015 Six Months
Expected dividend yield		0	%
Volatility		230	%
Risk free interest rate		1.52	%
Expected option life	5 years
Forfeiture rate		0	%

8. Note payable

Non-current

During the fourth quarter of 2014, the Company issued a promissory note with principal of $95,000 in exchange for a settlement of accounts payable of the same amount. This promissory is un-secured, will expire on December 31, 2016, and carries interest of 5% per annum.

The note payable was accounted for at amortized cost using the effective interest rate method with the effective interest rate of 14% per annum. The debt discount of $16,163 was credited to Additional paid-in capital at issuance, and the $16,163 debit to note payable will be amortized over the term of the note.

During six months ended June 30, 2015 and the year ended December 31, 2014, an accretion expense of $3,267, and $1,577 were recorded respectively. The promissory note was accredited up to $83,681 on June 30, 2015. Including in the Company’s accounts payable, there was an interest payable of $3,553 as at June 30, 2015 (2014/12/31 - $1,197) in connection with this outstanding promissory note.

Current

As at December 31, 2014 and June 30, 2015, the Company had an un-secured, payable on demand, promissory note with interest rate of 14% per annum outstanding. The amount of outstanding, including accrued interest as at June 30, 2015 was $55,219 (2014/12/31 - $52,592).

9. Financial instruments

Credit Risk

Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents. The Company deposits cash and cash equivalents with high credit quality financial institutions as determined by rating agencies. As a result, credit risk is considered insignificant.

Currency Risk

The Company’s major expenses and payables are in United States dollars and are expected to continue to incur in United States dollars. Fluctuations in the exchange rate between the United States dollar and other currency may have a material effect on the Company’s business, financial condition and results of operations. The Company is subject to foreign exchange risk for transactions in its Canadian subsidiary and its investment in Gogiro, which is a Canadian company. The Company does not actively hedge against foreign currency fluctuations.

Interest Rate Risk

The Company has cash balances and no interest bearing debt. The Company’s current policy is to invest excess cash in high yield term deposits and bankers’ acceptance. The Company regularly monitors its cash management policy. As a result, interest rate risk is considered not significant.

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IGEN NETWORKS CORP.

Notes to Condensed Consolidated Interim Financial Statements (Unaudited)

For the three and six-month period ended June 30, 2015

(Expressed in U.S. dollars)

Liquidity Risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company manages liquidity risk by continuously monitoring actual and projected cash flows and matching the maturity profile of financial assets and liabilities. As at June 30, 2015, the Company had a working capital deficiency $116,778 (December 31, 2014 – working capital of $47,676). The Company intends to have more equity financing and/or long term debt financing in order to eliminate the working capital deficiency and to the operations of the Company.

10. Supplemental information for statements of cash flow

Supplementary information in connection with the Company’s cash flow is as follows:

	Six Months ended June 30 ,
	2015		2014
Cash paid for interest	$	-	$	5,341
Cash paid for income taxes		-		-

F-14

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) provides information for the three and six-month period ended June 30, 2015. This MD&A should be read together with our unaudited condensed consolidated financial statements and the accompanying notes for the six month period ended June 30, 2015 (the “consolidated financial statements”). The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). Except where otherwise specifically indicated, all amounts in this MD&A are expressed in United States dollars.

Certain statements in this MD&A constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. You should carefully read the cautionary note in this MD&A regarding forward-looking statements and should not place undue reliance on any such forward-looking statements. See “Cautionary Note Regarding Forward-Looking Statements”.

Additional information about the Company, including our most recent consolidated financial statements and our Annual Information Form, is available on our website at www.igen-networks.com, or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

Cautionary Note Regarding Forward-looking Statements

Certain statements and information in this MD&A are not based on historical facts and constitute forward- looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws (“forward-looking statements”), including our business outlook for the short and longer term and our strategy, plans and future operating performance. Forward-looking statements are provided to help you understand our views of our short and longer term prospects. We caution you that forward-looking statements may not be appropriate for other purposes. We will not update or revise our forward-looking statements unless we are required to do so by securities laws. Forward-looking statements:

• Typically include words and phrases about the future such as “outlook”, “may”, “estimates”, “intends”, “believes”, “plans”, “anticipates” and “expects”;

• Are not promises or guarantees of future performance. They represent our current views and may change significantly;

• Are based on a number of assumptions, including those listed below, which could prove to be significantly incorrect:

Our ability to find viable companies in which to invest

Our ability successfully manage companies in which we invest

Our ability to successfully raise capital

Our ability to successfully expand and leverage the distribution channels of our portfolio companies;

Our ability to develop new distribution partnerships and channels

Expected tax rates and foreign exchange rates.

• Are subject to substantial known and unknown material risks and uncertainties. Many factors could cause our actual results, achievements and developments in our business to differ significantly from those expressed or implied by our forward-looking statements. Actual revenues and growth projections of the Company or companies in which we are invested may be lower than we expect for any reason, including, without limitation:

the continuing uncertain economic conditions

price and product competition

changing product mixes,

the loss of any significant customers,

competition from new or established companies,

higher than expected product, service, or operating costs,

inability to leverage intellectual property rights,

delayed product or service introductions

Investors are cautioned not to place undue reliance on these forward-looking statements. No forward-looking statement is a guarantee of future results.

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Overview

During the second quarter of 2015 the Company continued to focus on executing its business plan of growing revenue in the companies it owns or in which it is invested, developing new revenue streams, pursuing increased investment and acquisitions in targeted technologies and technology companies, and raising required capital.

Highlights of Q2 2015 include:

-	Record quarterly revenues for the Company

-	Reduced quarterly net loss over the previous quarter.

-	On May 13, 2015 the Company announced it had retained Green Chip Investor Relations to manage its investor relations programs.

-	On May 22, 2015 the Company announced that Nimbo LLC had signed a Major Account Agreement with Verizon Wireless, establishing Nimbo within Verizon’s partner program for the purpose of marketing Nimbo products and services on Verizon’s nation-wide wireless service.

-	On June 2, 2015 the Company announced that Nimbo LLC had partnered with Star Shield Solutions and LLC and Sky Force Technology Inc. to launch a pilot program targeted at provide asset management and roadside assistance solutions to high volume automotive dealerships in Southern California.

Financial Condition and Results of Operations

Capital Resources and Liquidity

Current Assets and Liabilities, Working Capital

As of June 30, 2015 the Company’s current assets were $361,948, up $43,706 (or 14%) from the end of Q1, and down $50,456 (or 12%) from December 31, 2014. The increase over the quarter was primarily attributable to an increase of $49,757 in accounts receivable tempered by a reduction of ($12,465) in cash. The reduction over the 6 month period was due primarily to reductions in accounts receivable and cash of ($67,492) tempered by an $18,801 increase in inventories.

73% of the company’s consolidated current assets remain accounts receivable, which is unchanged from 2014 year-end, and up from 68% at the end of Q1. 60% of these receivables are IGEN Business Service receivables for services and commissions owed by Gogiro Internet Group, and 40% are Nimbo receivables consisting of monies owed to Nimbo by customers for products and services sold.

Current liabilities increased by $66,587 (or 16%) over the quarter, primarily due to a $48,945 increase in accounts payables from increasing inventory and product costs required to support increasing orders over the last quarter. Over the six-month period there was a 4% increase in current liabilities, the majority being deferred revenue for annual recurring services booked during the period.

50% of the Company’s current liabilities are payables, the bulk of which are Nimbo payables of $194,787 and IGEN Business Solutions payables of $88,862.

Nimbo payables are primarily monies owed for hardware and the provision of wireless services. IGEN Business Solution payables include $29,772 in management and consulting fees and expenses owed to the Company’s executive officers, and $24,367 owed for accounting and auditing services. Current liabilities continue to include a promissory note of $35,219 that is payable on demand.

The Company finished the second quarter with a working capital deficiency of ($116,778), a change of ($22,881) over the end of Q1, and ($69,102) over the end of 2014.

Adequate working capital remains a core requirement necessary for growth and profitability of the Company’s current assets, and to permit further acquisitions. The Company continues to work to at raising funds to improve its cash and working capital positions.

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Total Assets and Liabilities, Net Assets

The second quarter saw a net increase in total assets of $40,513, or 3.7%, over the previous quarter, and a reduction of ($54,032), or 4.6%, over the six-month period. These are commensurate with the respective changes in current assets previously discussed; changes in noncurrent assets were not significant.

In similar fashion total liabilities saw increases over the three and six month periods that were primarily the increases in current liabilities previously discussed. Changes in noncurrent liabilities were not significant.

The above resulted in net assets as of June 30, 2015 of $567,504, a decrease over the quarter of ($27,744) and over the six-month period of ($75,945).

As of the date these financial statements were issued the Company believes it has access to adequate working capital and projected net revenues to maintain existing operations for approximately three months without requiring additional funding. The Company’s business plan is predicated on raising further capital for the purpose of further investment and acquisition of targeted technologies and companies, to fund growth in these technologies and companies, and to expand sales and distribution channels for companies it currently owns or is invested. It is anticipated the Company will continue to raise additional capital through private placements in the both the near and medium term.

Results of Operations

Revenues and Net Income (Loss)

Revenues

The company had second quarter revenues of $289,065, up 63% from the previous quarter, up 47% from the same period in 2014, and is the largest quarterly revenue in the Company’s history. For the six-month period revenues of $467,614 were a 115% increase over the similar period in 2014.

Costs of goods sold for the second quarter were $186,090, up 58% from the previous quarter and up 89% over the same period in 2014, reflective of increased sales volume over the period. For the six-month period cost of goods sold of $303,369 was an increase of $205,252 over the same period in 2014, also reflective of comparative increase sales volume over the period.

Gross profit for the second quarter was $102,975, with a gross margin of 36%. This was a 69% increase in gross profits over the previous quarter, and a slight improvement in margin from 34%. However it was only a 5% improvement in gross profit relative to the same period in 2014, due to increased volumes of lower margin product in 2015 compared to 2014. Over the six-month period the Company’s gross profit was $163,975, up 38% over the same period in 2014. However margins have fallen from 55% in 2014 to 35% for the equivalent period in 2015.

Though the Company was able to increase revenues, gross profit, and gross margins quarter over previous quarter, and able to grow revenues and gross profits over similar periods in 2014, the overall gross margins were lower than plan, due to the impact of delays in Q1 in receiving planned inventory, requiring the Company to incur higher product costs through Q2. The Company is continuing to review hardware vendor options, in an attempt to better stabilize its inventory position and product costs.

Expenses

Expenses for Q2 2015 totaled $261,466, an increase of $19,282, or 8%, over the previous quarter, and up 31% over Q2 in 2014. For the six-month period ending June 30, 2015 expenses were $503,650, a 74% increase over the same period in 2014. The largest contributor to this increase was salaries, which increased by $111,057 over the similar period.

Net Income (Loss)

The Company had a Q2 2015 loss of ($158,220), an improvement of $20,379 or 11% over Q1, though an increase of ($62,734) over Q2 2014. For the six-month period ending June 30, 2015 the company had a net loss of ($336,819), an increase of ($157,625) over the same period in 2014.

The Company continues to invest in personnel and programs as necessary to drive revenue growth and increased gross profit, to enable the Company to continue to track toward profitability.

Cash Flows

The company saw a net decrease of ($45,340) in cash over the six-month period ending June 30, 2015. The company used net cash of $252,132 in its operating activities over the period, which was partially offset by $208,163 raised over the period via private placements.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk.

As a smaller reporting company, the Company is not required to provide the information required by this item.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

The Company carried out an evaluation, with the participation of all the Company’s executives, of the effectiveness of the Company’s disclosure controls and procedures as of June 30, 2015. The conclusions of the Company’s principal executives was that the controls and procedures in place are adequately effective such that the information required to be disclosed in our SEC, BCSC, and OSC reports was a) recorded, processed, summarized and reported within the time periods specified in SEC, BCSC, and OSC rules and forms, and b) accumulated and communicated to our management, including our chief executive offer and chief operating officer, as appropriate to allow timely decisions regarding required disclosure.

Internal Control over Financial Reporting

During the last fiscal quarter there was no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

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Part II

OTHER INFORMATION

Item 1. Legal Proceedings

The Company is not party to any legal proceedings.

Item 1A. Risk Factors.

As a smaller reporting company, the Company is not required to provide the information required by this item, however for a discussion of risk factors affecting the Company please refer to the Cautionary Note Regarding Forward-looking Statements included in Part I Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

During the six months covered by this report and ended June 30, 2015 the following securities were sold or issued:

On April 22, 2015, The Company closed two non-brokered private placements of a total of 596,839 units for gross proceeds of $98,796:

·	The second private placement was for 463,506 common shares at a subscription price of $0.17 per share for total proceeds of $78,796.

On May 15, 2015, The Company closed a non-brokered private placements of a total of 600,000 units (“Unit Y”) for gross proceeds of $100,367. Each Unit Y consists of one common share and one share purchase warrant, each warrant exercisable into one common share at CAD$0.35 for a period of two years from the closing date.

During 2015 the Company also issued the following common shares:

·	On April 22, 2015, The Company issued 100,000 common shares for option exercise.

·	During six months ended June 30, 2015 the Company issued 50,801 common shares for services totaling $10,000.

Item 3. Defaults Upon Senior Securities.

There has been no material default in the payment of any element of indebtedness of the Company. The Company has no preferred stock for which dividends are paid, hence no related arrearage or delinquencies in payments of dividends.

Item 4. Mine Safety Disclosures.

The Company is not an operator, nor has a subsidiary that is an operator, of a coal or other mine.

Item 5. Other Information.

During the period covered by this report there was no information, required to be disclosed in a report on Form 8-K, that was not reported.

During the period covered by this report there were no material changes to the procedures by which security holders may recommend nominees to the registrant's board of directors.

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Item 6. Exhibits.

Exhibit Index

3(i)	Articles of Incorporation and amendments
3(ii)	Bylaws
31.1	Certification – Rule 13(a)-14(a)/15d-14(a) - CEO
31.2	Certification – Rule 13(a)-14(a)/15d-14(a) - COO
32.1	Certification – Section 1350 - CEO
32.2	Certification – Section 1350 – COO
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	IGEN Networks Corp

August 19, 2015	By:	/s/ Neil Chan
		Neil Chan
		Director, Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

	IGEN Networks Corp

August 19, 2015	By:	/s/ Richard Freeman
		Richard Freeman
		Director, Chief Operating Officer

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