Annual report pursuant to Section 13 and 15(d)

Derivative Liability (Tables)

v3.7.0.1
Derivative Liability (Tables)
12 Months Ended
Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of derivative liabilities

      Years ended  
      June 30,  
      2017     2016  
      $     $  
               
  Opening balance     693,700       2,364,381  
  Change in fair value of warrants     (331,057 )     1,963,733  
  Change in fair value due to change in warrant terms     -       295,456  
  Reclassification to equity upon amendment of warrants     (53,006 )     (3,597,030 )
  Issuance of 2015 Agent Warrants     -       29,594  
  Reclassification to equity upon exercise of warrants     (248,409 )     (362,434 )
                   
  Closing balance     61,228       693,700  
  Less current portion     (33,091 )     -  
                   
  Long-term portion     28,137       693,700
Warrant [Member]  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of derivative liabilities
      Year ended
June 30, 2017
 
      Number of warrants     $  
               
  2013 Investor Warrants     105,129       33,091  
  Warrants issued for services     43,750       4,468  
  2015 Agent Warrants     21,768       23,669  
                   
  Closing balance     170,647       61,228  
  Less current portion     (105,129 )     (33,091 )
                   
  Long-term portion     65,518       28,137  

 

      Year ended
June 30, 2016
 
      Number of warrants     $  
               
  2013 Investor Warrants     181,156       503,796  
  Warrants issued for services     43,750       103,906  
  2015 Agent Warrants     23,448       85,998  
                   
        248,354       693,700