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MANAGING CAPITAL
 12 Months Ended
Dec. 31, 2017
MANAGING CAPITAL  
MANAGING CAPITAL

4.         MANAGING CAPITAL

The Company's objectives, when managing capital, are to safeguard cash as well as maintain financial liquidity and flexibility in order to preserve its ability to meet financial obligations and deploy capital to grow its business. In the definition of capital, the Company includes equity and the convertible debt. There has been no change in the definition since the prior period.

The Company's financial strategy is designed to maintain a flexible capital structure consistent with the objectives stated above and to respond to business growth opportunities and changes in economic conditions. In order to maintain or adjust its capital structure, the Company may issue new shares, new units or new debt (secured, unsecured, convertible and/or other types of available debt instruments). For the years ended December 31, 2017, 2016 and 2015 there were no changes in the Company's capital management policy.

The capital of the Company is comprised of:

                                                                                                                                                                                    

 

 

 

December 31,
2017

 

December 31,
2016

 

December 31,
2015

 

 

Convertible Note

 

$
20,007,559

 

 

—

 

 

—

 

 

Equity

 

$
(36,475,101

)

$
(15,462,536

)

$
57,995,423

 

 

 

 

 

 

 

 

 

 

 

Capital

 

$
(16,467,542

)

$
(15,462,536

)

$
57,995,423