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

PROFORMA FINANCIAL INFORMATION - Operations Statement (Details)

v3.5.0.1
PROFORMA FINANCIAL INFORMATION - Operations Statement (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Operating expenses              
Research and development $ 343,742 $ 435,671   $ 1,101,820 $ 1,397,554 $ 1,489,483 $ 1,537,491
General and administrative 1,438,553 167,747   1,192,244 3,676,125 2,666,669 1,621,341
Share-based compensation expense 158,244 371,637   112,573 1,495,837 1,709,230 484,210
Depreciation 14,387     34,036 63,454 59,479 44,448
Total operating expenses 1,954,926 1,246,817   2,440,673 6,632,970 5,924,861 3,687,490
Other income (expenses)              
Interest expense 4,701     0 (7,697) 7,459 (179)
Other income (8,522)     (46,026) (42,173) (33,974) (46,349)
Foreign exchange loss 71,399     (36,211) (112,771) (184,125) (36,211)
Change in fair value of warrant derivative liability (870,913) 6,387,473 $ (7,419,643) 0 (7,742,555) (484,124) 6,387,473
Total other income (expenses) 950,834     (24,074) 7,669,118 330,955 (6,411,403)
Net loss for the period (1,004,092) (7,634,146) 2,040,240 (2,464,747) 1,036,148 (5,593,906) (10,098,893)
Foreign exchange translation adjustment 0 24,799 $ 0 (24,390) 0 24,799 409
Net loss and comprehensive loss for the period (1,004,092) $ (7,609,347)   $ (2,489,137) 1,036,148 $ (5,569,107) (10,098,484)
Pro Forma [Member]              
Sales 119,341       1,919,779   2,005,837
Cost of sales 151,689       1,342,780   1,411,474
Gross profit (32,348)       576,999   594,363
Operating expenses              
Research and development 390,260       1,597,379   1,696,773
General and administrative 1,715,400       4,949,415   3,462,721
Sales and marketing 90,637       264,080   240,219
Share-based compensation expense 158,244       1,509,717   1,709,230
Depreciation 16,796       65,863   69,603
Total operating expenses 2,371,337       8,386,454   7,178,546
Other income (expenses)              
Interest expense (15,344)       (68,058)   (73,836)
Other income 4,034       (43,594)   24,875
Foreign exchange loss 71,399       112,771   (184,125)
Change in fair value of warrant derivative liability 870,913       (7,742,555)   484,124
Total other income (expenses) 931,002       (7,741,436)   251,038
Net loss for the period (1,472,683)       (15,550,891)   (6,333,145)
Foreign exchange translation adjustment 0       0   24,799
Net loss and comprehensive loss for the period $ (1,472,683)       $ (15,550,891)   $ (6,308,346)