Derivative Liability

6 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative liability

4 Derivative liability

The Company has issued common stock purchase warrants. Based on the terms of certain of these warrants the Company determined that the warrants were a derivative liability which is recognized at fair value at the date of the transaction and re-measured at fair value each reporting period with the changes in fair value recorded in the consolidated condensed interim statement of loss and comprehensive loss.

The Company’s derivative liability is summarized as follows:

	Three months ended
	December 31,
	2018			2017
	$			$
Opening balance		1,337			4,660
Change in fair value of warrants		(1,261	)		889
Closing balance		76			5,549
Less current portion		-			(95	)
Long term portion		76			5,454

	Six months ended
	December 31,
	2018			2017
	$			$
Opening balance		1,117			61,228
Change in fair value of warrants		(1,041	)		(55,679	)
Closing balance		76			5,549
Less current portion		-			(95	)
Long term portion		76			5,454

The derivative liability consists of the following warrants:

	December 31, 2018
	Number of warrants		$
2015 Agent Warrants		21,768		76
Closing balance		21,768		76
Less current portion		-		-
Long-term portion		21,768		76