Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

v3.7.0.1
Derivative Liability (Tables)
9 Months Ended
Mar. 31, 2017
Derivative Liability [Abstract]  
Schedule of derivative liabilities
      Three months ended  
      March 31,  
      2017     2016  
      $     $  
               
  Opening balance     171,211       1,352,584  
  Change in fair value of warrants     77,479       (276,584 )
  Change in fair value due to change in warrant terms     -       7,000  
  Reclassification to equity upon amendment of warrants     -       (65,750 )
                   
  Closing balance     248,690       1,017,250  
  Less current portion     (157,145 )     -  
                   
  Long term portion     91,545       1,017,250  

 

 

      Nine months ended  
      March 31,  
      2017     2016  
      $     $  
               
  Opening balance     693,700       2,364,381  
  Change in fair value of warrants     (143,595 )     943,050  
  Change in fair value due to change in warrant terms     -       270,965  
  Reclassification to equity upon amendment of warrants     (53,006 )     (2,343,300 )
  Issuance of 2015 Agent Warrants     -       29,594  
  Reclassification to equity upon exercise of warrants     (248,409 )     (247,440 )
                   
  Closing balance     248,690       1,017,250  
  Less current portion     (157,145 )     -  
                   
  Long term portion     91,545       1,017,250