XML 14 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
iMedical Innovations Inc. - Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flow from operating activities:    
Net loss $ (5,185,852) $ (1,706,202)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 2,257,953  
Depreciation   9,051
Issuance of shares for consulting services   $ 66,179
Accretion expense [1] 59,875
Change in fair value of derivative liabilities [2] (4,026)
Issuance of warrants for services 672,749 $ 400,335
Changes in operating assets and liabilities:    
Harmonized sales tax recoverable 25,437 (73,578)
Deposits and other receivables (77,740)  
Accounts payable and accrued liabilities 287,629 (77,570)
Net cash used in operating activities (1,963,975) (1,381,785)
Cash flows from financing activities:    
Proceeds from issuance of shares, net   1,649,507
Proceeds from issuance of convertible promissory notes, net 1,289,149  
Proceeds from exercise of warrants 707,196 66,188
Proceeds from exercise of stock options 283  
Net cash provided by financing activities 1,996,628 1,715,695
Effect of foreign currency translation (70,651) (1,067)
Net increase in cash during the year 32,653 333,910
Cash, beginning of year 448,599 115,756
Cash, end of year $ 410,601 $ 448,599
[1] See Note 7
[2] See Note 8