Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Interim Balance Sheets (Unaudited)

v3.7.0.1
Consolidated Condensed Interim Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 2,100,406 $ 6,157,264
Taxes and other receivables 70,561 18,387
Prepaid expenses 119,776 144,131
Deferred costs 25,705
Assets current 2,316,448 6,319,782
Intangible assets - net 24,443 36,017
Total assets 2,340,891 6,355,799
Current liabilities    
Accounts payable and accrued liabilities 791,805 584,002
Related party payables 70,259 43,444
Current portion of derivative liability 157,145
Liabilities current 1,019,209 627,446
Stock option liability 175,875
Derivative liability 91,545 693,700
Total liabilities 1,110,754 1,497,021
Stockholders' accumulated equity    
1 special voting share at March 31, 2017 (June 30, 2016 - 1)
Common stock Authorized 50,000,000 shares, $0.001 par value 11,675,174 issued at March 31, 2017 (June 30, 2016 - 11,187,023) 11,675 11,187
Additional paid-in capital 31,511,379 28,833,105
Warrants 1,618,656 1,658,382
Accumulated deficit (38,401,763) (32,237,859)
Accumulated other comprehensive income 21,178 21,178
Stockholders' equity, total 1,230,137 4,858,778
Liabilities and equity 2,340,891 6,355,799
Series A shares    
Stockholders' accumulated equity    
Preferred stock, value 278,530 278,530
Series B Preferred Stock    
Stockholders' accumulated equity    
Preferred stock, value $ 6,190,482 $ 6,294,255