Share Capital (Tables)

9 Months Ended

Sep. 30, 2017

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following is a summary of stock option activity during the nine months ended September 30, 2017 and 2016:

			Weighted Average
			Exercise Price per
	Shares		Share
Options outstanding, December 31, 2015		1,070,000	$	0.94
Options granted		485,000	$	0.66
Options outstanding, December 31, 2016		1,555,000	$	0.85
Options granted		400,002	$	0.65
Options forfeited		(166,667)	$	0.64
Options expired		(393,333)	$	1.10
Options outstanding, September 30, 2017		1,395,002	$	0.75

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The fair value of stock options granted as above was calculated using the following weighted average assumptions:

	2017			2016
Expected life (years)		5.00			4.92
Interest rate		1.18	%		1.00	%
Volatility		77.29	%		81.27	%
Dividend yield		0.00	%		0.00	%

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

The following table summarizes information about stock options outstanding and exercisable at September 30, 2017:

					Remaining		Weighted
Expiry	Number		Number		Contractual Life		Average
Date	Outstanding		Exercisable		(years)		Exercise Price
June 3, 2018		50,000		50,000		0.67	$	1.16
September 3, 2018		150,000		150,000		0.93	$	1.59
September 8, 2020		430,000		430,000		2.94	$	0.58
November 30, 2021		365,000		-		4.17	$	0.66
March 20, 2022		400,002		-		4.47	$	0.65
Balance, September 30, 2017		1,395,002		630,000		3.40	$	0.75

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following is a summary of common share purchase warrants activity:

	September 30, 2017		December 31, 2016
Balance, beginning of the period		24,317,700		10,000,000
Issued - financing units		-		5,560,000
Issued - financing brokers (1)		-		757,700
Issued - debt restructuring (1)		-		8,000,000
Balance, end of the period		24,317,700		24,317,700

⁽¹⁾ Non-tradable share purchase warrants.

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Outstanding and Exercisable [Table Text Block]

The following table summarizes information about share purchase warrants outstanding and exercisable at September 30, 2017:

			Remaining
Expiry	Number		Contractual Life		Exercise
Date	Outstanding		(periods)		Price
June 8, 2020		10,000,000		2.69	$	0.95
July 25, 2019		6,317,700		1.82	C$	2.00
November 18, 2021		8,000,000		4.15	$	0.85