Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Interim Statement of Cash Flows (Unaudited)

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Consolidated Condensed Interim Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Loss for the period $ (2,666,406) $ (2,290,339)
Items not affecting cash    
Amortization of intangible assets 5,605 3,858
Change in fair value of stock option and derivative liabilities (56,568) 225,688
Shares issued for services 564,000
Warrants issued for services (1,481) 50,244
Stock option expense 64,870 31,818
Changes in non-cash working capital    
Taxes and other receivables 36,090 (19,969)
Prepaid expenses (8,366) (33,208)
Accounts payable and accrued liabilities 255,870 (178,161)
Related party payables (2,390) 32,987
Net cash flows from operating activities (2,372,776) (1,613,082)
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 8,945,336
Proceeds from the exercise of warrants 256,940
Series A preferred stock dividend (2,089) (2,089)
Net cash flows from financing activities 8,943,247 254,851
Increase (decrease) in cash 6,570,471 (1,358,231)
Cash - beginning of period 6,586,014 6,157,264
Cash - end of period $ 13,156,485 $ 4,799,033