XML 62 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONVERTIBLE DEBT (Details Narrative)
$ in Thousands
1 Months Ended 12 Months Ended
Feb. 14, 2017
USD ($)
Feb. 14, 2017
USD ($)
Dec. 22, 2015
USD ($)
shares
Feb. 14, 2017
USD ($)
Oct. 31, 2015
USD ($)
Jun. 30, 2017
USD ($)
shares
Jun. 30, 2016
CAD / shares
shares
Jun. 30, 2017
CAD / shares
Dec. 22, 2015
CAD / shares
Oct. 31, 2015
CAD / shares
Sep. 30, 2015
USD ($)
Jun. 30, 2015
CAD / shares
shares
Jun. 30, 2014
CAD / shares
shares
Risk-free interest rate           1.25% 1.25%            
Expected dividend yield           0.00% 0.00%            
Volatility rate           51.14% 88.63%            
Expected life           1 year 3 months 2 years 3 months            
Number of common shares purchased | shares           20,609,086 22,733,685         28,260,666 1,064,140
CAD                          
Exercise price (in dollars per share) | CAD / shares             CAD 0.75 CAD 0.79       CAD 0.73 CAD 0.25
Lind Partners Asset Management IV, LLC [Member] | Tranche One [Member] | Warrant [Member]                          
Number of common stock purchased | shares           890,670              
Warrant term           36 months              
Risk-free interest rate           1.30%              
Expected dividend yield           0.00%              
Volatility rate           81.00%              
Expected life           3 years              
Change in financial instrument fair value           $ 234              
Lind Partners Asset Management IV, LLC [Member] | Tranche One [Member] | Warrant [Member] | CAD                          
Exercise price (in dollars per share) | CAD / shares               CAD 0.90          
Lind Asset Management IV, LLC [Member] | Warrants [Member]                          
Risk-free interest rate           1.30%              
Expected dividend yield           0.00%              
Volatility rate           86.58%              
Expected life           3 years              
Fair value of liabilities           $ 620              
Secured Convertible Security [Member]                          
Description of convenent          

Includes a financial covenant defining an event of default as all present and future liabilities of the Company or any of its subsidiaries, exclusive of related party loans, for an amount or amounts exceeding $2,000, and which have not been satisfied on time or within 90 days of invoice, or have become prematurely payable as a result of its default or breach.

             
Transaction cost           $ 214              
Percentage of closing fees           0.03              
Secured Convertible Security [Member] | Lind Partners Asset Management IV, LLC [Member]                          
Additional debt drawdown $ 1,000                        
Secured Convertible Security [Member] | Lind Partners Asset Management IV, LLC [Member] | Tranche One [Member]                          
Additional debt drawdown   $ 1,200   $ 1,000                  
Maturity date of the first tranche       Mar. 31, 2019                  
Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member]                          
Transaction cost           $ 135              
Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member] | Definitive Convertible Security Funding Agreement [Member]                          
Description of conversion price    

Convertible into Common Shares of the Company at a conversion price equal to 85% of the volume weighted average trading price of the Common Shares on the TSX (in Canadian dollars) for the five (5) consecutive trading days immediately prior to the date on which Lind provides the Company with notice of its intention to convert an amount of the Convertible Security from time to time.

                   
Interest rate     10.00%                    
Debt term     2 years                    
Principal amount     $ 4,500                    
Initial face value     $ 5,400                    
Description of interest rate    

Yield of the Convertible Security (if held, unconverted, to maturity) will be 10% per annum, or $900.

                   
Additional funding     $ 1,000                    
Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member] | Definitive Convertible Security Funding Agreement [Member] | Warrants [Member]                          
Debt term     3 years                    
Number of common shares purchased | shares     3,125,000                    
Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member] | CAD | Definitive Convertible Security Funding Agreement [Member] | Warrants [Member]                          
Exercise price (in dollars per share) | CAD / shares                 CAD 0.72        
Unsecured Convertible Promissory Notes [Member]                          
Principal amount         $ 393           $ 800    
Unsecured Convertible Promissory Notes [Member] | Non-Brokered Private Placement [Member]                          
Interest rate         8.00%                
Debt term         3 years                
Description of payment        

Payable quarterly in arrears.

               
Transaction cost           $ 47              
Principal amount         $ 800                
Unsecured Convertible Promissory Notes [Member] | CAD | Non-Brokered Private Placement [Member]                          
Conversion price (in dollars per share) | CAD / shares                   CAD 0.97