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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Sep. 30, 2014
Aug. 31, 2014
Current assets:      
Cash and cash equivalents $ 3,955,503 $ 8,768,459 $ 8,423,089
Accounts receivable 157,597 44,159 56,575
Short-term investments 5,015,171 5,450,126 $ 5,462,413
Inventory 557,280 34,891
Prepaid expenses 181,068 125,840 $ 128,593
Total current assets 9,866,619 14,423,475 14,070,670
Noncurrent assets:      
Property, plant and equipment, net 503,408 388,340 387,392
Deposits 15,900 15,900 15,900
Total noncurrent assets 519,308 404,240 403,292
Total Assets 10,385,927 14,827,715 14,473,962
Current liabilities:      
Accounts payable and accrued liabilities 656,685 585,047 526,626
Deferred revenue 173,333 86,667 15,000
Warrant liability, current portion 1,550,630 460 879,040
Total current liabilities $ 2,380,648 672,174 1,420,666
Long-term liabilities:      
Warrant liability, less current portion 3,690,806 5,352,663
Total Liabilities $ 2,380,648 4,362,980 6,773,329
Shareholders' equity:      
Common shares, unlimited common shares authorized, no par value, 7,984,758, 7,941,985 and 7,826,885 issued and outstanding at September 30, 2015, September 30, 2014 and August 31, 2014, respectively 38,114,215 37,883,877 36,240,838
Accumulated share-based compensation 5,226,379 5,073,144 5,079,985
Accumulated deficit (35,335,315) (32,492,286) (33,620,190)
Total shareholders' equity 8,005,279 10,464,735 7,700,633
Total Liabilities and Shareholders' Equity $ 10,385,927 $ 14,827,715 $ 14,473,962