Share Capital (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of stock purchase warrants

At March 31, 2017, the Company had reserved 887,919 shares of its common stock for the following outstanding warrants:

Number of Warrants		Weighted average exercise price		Expiry	Intrinsic value
	887,919		12.66	To December 2019		-

Schedule of black-scholes option valuation model for warrant issued

The assumptions used in calculating the fair value under the Black-Scholes option valuation model are set forth in the following table for warrants issued by the Company for the three months ended March 31, 2017 and 2016.

Common stock fair value	$	1.92
Risk-free interest rate		2.5	%
Expected dividend yield		0	%
Expected warrant life (years)		0.5
Expected stock price volatility		107	%