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Restatement
3 Months Ended
Jun. 30, 2014
Restatement [Abstract]  
Restatement
11.Restatement

 

The Company restated its consolidated financial statements as at March 31, 2014 and for the year then ended to reflect further impairment of its intangible asset. This restatement was filed in an amended Form-10K for the year ended March 31, 2014.

 

The impact of the restatement as at June 30, 2014 and for the three months then ended is summarized below:

 

Consolidated Balance Sheet

 

   As At June 30, 2014 
   As Reported 
$
  Adjustment 
$
  As Restated 
$
 
           
 Assets         
 Intangible assets  23,113,024   (9,540,724)  13,572,300 
              
 Stockholders’ Equity (Deficit)            
              
 Deficit  (41,432,182)  (9,540,724)  (50,972,906)