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Stockholders' Deficiency (Tables)
3 Months Ended
Jun. 30, 2019
Schedule of Warrants Outstanding

Warrant issuances, exercises and expirations or cancellations during the three months ended June 30, 2019 and preceding periods resulted in warrants outstanding at the end of those respective periods as follows:

 

   Broker
Warrants
   Consultant
Warrants
   Warrants Issued on
Conversion of
Convertible Notes
   Private
Placement
Warrants
   Total 
As at March 31, 2018   384,152    669,972*   2,734,530    1,163,722    4,952,376 
                          
Less: Exercised   (62,838)   -    -    -    (62,838)
Less: Expired/cancelled   -    (31,250)   -    -    (31,250)
Add: Issued   -    65,000    -    -    65,000 
As at June 30, 2018   321,314    703,722*   2,734,530    1,163,722    4,923,288 
                          
Less: Exercised   -    -    -    -    - 
Less: Expired/cancelled   -    -    -    -      
Add: Issued   -    393,333    -    -    393,333 
As at September 30 2018   321,314    1,097,055*   2,734,530    1,163,722    5,316,621 
                          
Less: Exercised   -    -    -    -    - 
Less: Expired/cancelled   -    (126,250)**   -    -    (126,250)
Add: Issued   -    50,000    -    -    50,000 
As at December 31, 2018   321,314    1,020,805*   2,734,530    1,163,722    5,240,371 
                          
Less: Exercised   -    -    -    -    - 
Less: Expired/cancelled   -    (184,916)**   -    -    (184,916)
Add: Issued   -    341,268    -    -    341,268 
As at March 31, 2019   321,314    1,177,157*   2,734,530    1,163,722    5,396,723 
                          
Less: Exercised   -    -    -    -    - 
Less: Expired/cancelled   -    (5,000)   -    -    (5,000)
Add: Issued   -    83,750    -    -    83,750 
As at June 30, 2019   321,314    1,255,907*   2,734,530    1,163,722    5,475,473 
                          
Exercise Price  $0.78-$3.00   $0.48-$7.59    2.00    3.00      
Expiration Date   March 2022 to July 2022    September 2019 to June 2022    March 2020 to November 2022    April 2020 to July 2020      

 

*Consultant Warrants include warrants issued to directors and officers of the Company who were not members of the Company’s options plan at the time of issuance. As at June 30, 2019, Consultant Warrants include an aggregate of 438,806 warrants provided to an officer of the Company as compensation while he was not a member of any Company options plan.

 

** Subsequent to June 30, 2019, 80,000 warrants issued to directors expired unexercised.

Schedule of Fair Value of Option Granted using Valuation Assumptions

The fair value of each option granted is estimated at the time of grant using multi-nomial lattice model using the following assumptions:

 

   2019   2017-2018   2016-2017   2015-2016 
Exercise price ($)   2.00    1.24-7.59    2.00 – 2.58    0.0001 
Risk free interest rate (%)   2.27 to 2.54    1.98-2.81    0.45 - 1.47    0.04 - 1.07 
Expected term (Years)   3    3    1 - 3    10 
Expected volatility (%)   112.5 -141.10    97.8-145.99    101 – 105    94 
Expected dividend yield (%)   0    0    0    0 
Fair value of option ($)   0.28    0.6    0.88    0.74 
Expected forfeiture (attrition) rate (%)   0.00    0.00    0.00 – 5.00    5.00 - 20.00 
2015 Equity Incentive Plan [Member]  
Schedule of Stock Option Activities

The following table summarizes the stock option activities of the Company:

 

  

Number of

options

  

Weighted

average exercise price ($)

 
Granted   3,591,000    0.0001 
Exercised   (3,390,503)   0.0001 
Outstanding as of December 31, 2015   200,497    0.0001 
Cancelled during 2016   (35,907)   0.0001 
Outstanding as of March 31, 2018   164,590    0.0001 
Exercised   (164,590)   0.0001 
Outstanding as of March 31, 2019   -      
2016 Equity Incentive Plan [Member]  
Schedule of Stock Option Activities

The following table summarizes the stock option activities of the Company:

 

  

Number of

options

  

Weighted

average exercise price ($)

 
Granted   4,147,498    3.2306 
Exercised   -    - 
Outstanding as of June 30 and March 31, 2018   4,147,498    3.2306 
Granted   270,521    1.8096 
Exercised   -    - 
Outstanding as of June 30 and March 31, 2019   4,418,019    3.1436