XML 50 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Share capital (Tables)
12 Months Ended
Dec. 31, 2018
Statements [Line Items]  
Disclosure of earnings per share [text block]
      Year ended     Year ended  
      December 31,     December 31,  
      2018     2017  
               
  Income (loss) for the year $  1,150,637   $  (683,299 )
  Weighted average number of shares outstanding   42,391,792     25,986,111  
  Dilutive effect of options and warrants   13,665,282     -  
  Weighted average diluted shares outstanding   56,057,074     25,986,111  
  Basic income (loss) per share $  0.03   $  (0.03 )
  Diluted income (loss) per share $  0.02   $  (0.03 )
Disclosure of number and weighted average exercise prices of share options [Table Text Block]
      Year ended     Year ended  
      December 31, 2018     December 31, 2017  
            Weighted           Weighted  
            average           average  
      Number of     exercise     Number of     exercise  
      options     price     options     price  
  Options outstanding, beginning   2,662,500   $  0.33     1,640,000   $  0.19  
  Options granted   1,860,000     0.50     1,150,000     0.50  
  Options exercised   -           (125,000 )   0.10  
  Options expired/forfeited   (562,500 )   0.69     (2,500 )   1.00  
  Options outstanding, ending   3,960,000   $  0.36     2,662,500   $  0.33  
                           
  Options exercisable, ending   3,741,250   $  0.35     2,602,500   $  0.32  
Disclosure of number and weighted average remaining contractual life of outstanding share options [Table Text Block]
    Weighted average Number of options
  Exercise price contractual life outstanding
  $0.10 2.50 years (1)1,350,000
  $0.22 3.70 years 100,000
  $0.35 4.89 years 585,000
  $0.40 3.76 years 550,000
  $0.55 4.10 years 600,000
  $0.60 4.02 years 600,000
  $0.80 3.86 years 175,000
  $0.31 3.59 years 3,960,000

  (1)

Subsequent to December 31, 2018, 175,000 of these options were exercised for proceeds of $17,500.

Disclosure of detailed information about options, valuation assumptions [Table Text Block]
    2018 2017
  Share price $0.36 $0.44
  Exercise price $0.50 $0.50
  Expected life of options 5 years 5 years
  Annualized volatility 176% 100%
  Risk-free interest rate 1.79% 1.60%
  Dividend rate 0% 0%
Disclosure of detailed information about warrants, activity [Table Text Block]
      Year ended     Year ended  
      December 31, 2018     December 31, 2017  
            Average           Average  
      Number of     exercise     Number of     exercise  
      warrants     price     warrants     price  
  Warrants outstanding, beginning   25,454,600   $  0.18     13,444,147   $  0.10  
  Warrants issued   516,800     0.70     13,809,600     0.25  
  Warrants exercised   (1,525,000 )   0.08     (855,000 )   0.06  
  Warrants expired   (569,600 )   0.46     (944,147 )   0.10  
  Warrants outstanding, ending   23,876,800   $  0.20     25,454,600   $  0.18  
Disclosure of detailed information about warrants outstanding [Table Text Block]
    Weighted average Number of warrants
  Exercise price contractual life outstanding
  $0.08 1.67 years 6,558,333
  $0.10 2.26 years 11,895,000
  $0.45 1.82 years 3,375,000
  $0.70 1.95 years (1)2,048,467
  $0.20 2.01 years 23,876,800