Transition report pursuant to Rule 13a-10 or 15d-10

SUBSEQUENT EVENTS (Tables)

v3.5.0.1
SUBSEQUENT EVENTS (Tables)
3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Summary of Consideration Transferred And Purchase Price Allocation [Table Text Block]
The following sets forth the preliminary purchase price allocation based on management’s best estimates of fair value, including a summary of major classes of consideration transferred and the recognized amounts of assets acquired and liabilities assumed at the acquisition date.
 
 
 
As at
 
 
 
April 21, 2016
 
 
 
$
 
Consideration Paid:
 
 
 
 
Fair value of 23,650,000 common shares
 
 
23,177,000
 
Fair value of vested stock options
 
 
1,573,229
 
 
 
 
24,750,229
 
 
 
 
 
 
Allocation of purchase price:
 
 
 
 
Net assets acquired
 
 
(2,129,089)
 
Intangible assets and goodwill
 
 
26,879,318
 
 
 
 
24,750,229