Quarterly report pursuant to Section 13 or 15(d)

CURRENT PERIOD RESTATEMENT (Tables)

v3.3.1.900
CURRENT PERIOD RESTATEMENT (Tables)
9 Months Ended
Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
Changes to the condensed consolidated interim balance sheet as at September 30, 2015:
 
 
 
As previously
 
 
 
 
 
 
 
reported
 
 
 
Restated
 
 
 
September
 
Restatement
 
September
 
 
 
30, 2015
 
Adjustment
 
30, 2015
 
 
 
$
 
$
 
$
 
Warrant derivative liability
 
 
-
 
 
8,525,647
 
 
8,525,647
 
Total liabilities
 
 
249,628
 
 
8,525,647
 
 
8,775,275
 
 
 
 
 
 
 
 
 
 
 
 
Additional paid-in capital
 
 
17,951,101
 
 
(6,551,993)
 
 
11,399,108
 
Deficit
 
 
(9,886,971)
 
 
(1,973,654)
 
 
(11,860,625)
 
Total Shareholders’ Equity (Deficiency)
 
 
8,178,687
 
 
(8,525,647)
 
 
(346,960)
 
Restatement to Prior Year Income [Table Text Block]
Changes to the condensed consolidated interim statements of operations and comprehensive loss for the three month period ended:
 
 
 
As previously
 
 
 
 
 
 
 
reported
 
 
 
Restated
 
 
 
September 30,
 
Restatement
 
September
 
 
 
2015
 
Adjustment
 
30, 2015
 
 
 
$
 
$
 
$
 
Change in fair value of warrant derivative liability
 
 
-
 
 
(3,496,070)
 
 
(3,496,070)
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (loss) and comprehensive income (loss) for the period
 
 
(1,177,312)
 
 
3,496,070
 
 
2,318,758
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) per share – basic
 
 
(0.02)
 
 
0.05
 
 
0.03
 
Income (Loss) per share – diluted
 
 
(0.02)
 
 
0.00
 
 
(0.02)
 
 
Changes to the condensed consolidated interim statements of operations and comprehensive loss for the nine month period ended:
 
 
 
As previously
 
 
 
 
 
 
 
reported
 
 
 
Restated
 
 
 
September 30,
 
Restatement
 
September 30,
 
 
 
2015
 
Adjustment
 
2015
 
 
 
$
 
$
 
$
 
Change in fair value of warrant derivative liability
 
 
-
 
 
1,973,654
 
 
1,973,654
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (loss) and comprehensive income (loss) for the period
 
 
(4,808,190)
 
 
(1,973,654)
 
 
(6,781,844)
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) per share – basic
 
 
(0.07)
 
 
(0.03)
 
 
(0.10)
 
Income (Loss) per share – diluted
 
 
(0.07)
 
 
(0.03)
 
 
(0.10)
 
 
Changes to the condensed consolidated interim statements cash flows:
 
 
 
As previously
 
 
 
 
 
 
 
reported
 
 
 
Restated
 
 
 
September 30,
 
Restatement
 
September 30,
 
 
 
2015
 
Adjustment
 
2015
 
 
 
$
 
$
 
$
 
Net loss for the period
 
 
(4,832,989)
 
 
(1,973,654)
 
 
(6,806,643)
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of warrant derivative liability
 
 
-
 
 
1,973,654
 
 
1,973,654