12. CAPITAL STOCK

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

12. CAPITAL STOCK

During the nine months ended September 30, 2017, the Company issued the following shares upon the exercise of employee stock options:

Date Issued	Number of Shares Issued
March 10, 2017		3,000
June 6, 2017		5,000
June 15, 2017		20,000
July 7, 2017		10,000
September 5, 2017		12,000

During the nine months ended September 30, 2016, the Company issued the following shares upon the exercise of employee and consultant stock options:

Date Issued	Number of Shares Issued
August 11, 2016		9,000
September 22, 2016		15,000

On January 6, 2016, the Company repurchased 1,750,000 shares of its common stock at $0.90 per share for a total purchase price of $1,575,000. The shares were returned to treasury and cancelled.