XML 47 R24.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Income Taxes | 12 Months Ended
--- | ---
Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes The reconciliation of the expected provision for income tax recovery/expense to the actual provision for income tax recovery/expense reported in the Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2015, 2014, and 2013 is as follows.
|  | 2015 $ |  | 2014 $ |  | 2013 $
Earnings (loss) before income taxes |  | (18,790 | ) |  | (22,311 | ) |  | (4,837 | )
Expected income tax expense (recovery) at Canadian statutory income tax rate of 26.51% (2014-26.51%) |  | (4,980 | ) |  | (5,915 | ) |  | (1,282 | )
Permanent differences |  | 1,333 |  |  | 1,203 |  |  | 435 |
Share issuance costs |  | (3,734 | ) |  | — |  |  | — |
Effect of change in tax rates |  | — |  |  | — |  |  | (163 | )
Utilization of tax credits |  | — |  |  | — |  |  | (93 | )
Other |  | (8 | ) |  | (43 | ) |  | — |
Foreign rate differential |  | (44 | ) |  | (3 | ) |  | (2 | )
Increase (decrease) in valuation allowance |  | 7,433 |  |  | 4,758 |  |  | 1,105 |
Provision for income tax (recovery) expense |  | — |  |  | — |  |  | — |
During the years ended December 31, 2015, 2014, and 2013, the loss before income taxes includes foreign income (loss) of $234, $14, and ($14), respectively. The significant components of the Company’s deferred income tax assets and liabilities as of December 31, 2015 and 2014 are as follows.
|  | 2015 $ |  | 2014 $
Deferred tax assets |  |  |  |
Temporary differences on capital and intangible assets |  | 415 |  |  | 606 |
Tax loss carryforwards |  | 3,799 |  |  | 3,415 |
SR&ED expenditure carryforwards |  | 1,687 |  |  | 974 |
Share issue costs |  | 3,345 |  |  | 39 |
Investment tax credits |  | 1,253 |  |  | 497 |
Lease accruals and other provisions |  | 4,316 |  |  | 1,664 |
Total deferred tax assets |  | 14,815 |  |  | 7,195 |
Valuation allowance |  | (14,011 | ) |  | (6,578 | )
|  | 804 |  |  | 617 |
Deferred tax liabilities |  |  |  |  |  |
Capitalized software development costs |  | (804 | ) |  | (380 | )
Investment tax credits used or refunded |  | — |  |  | (237 | )
Total deferred tax liabilities |  | (804 | ) |  | (617 | )
Net deferred tax asset |  | — |  |  | — |
The Company has determined that it is not more likely than not that it will realize any of its deferred tax assets, and therefore a full valuation allowance has been established against the total deferred tax assets. The Company does not have any unrecognized tax benefits. The Company's accounting policy is to recognize interest and penalties related to uncertain tax positions as a component of income tax expense. In the years ended December 31, 2015, 2014, and 2013, there was no interest or penalties related to uncertain tax positions. The Company and its Canadian subsidiaries file federal and provincial income tax returns in Canada. The Company and its U.S. subsidiaries file federal and state income tax returns in the U.S. and its other foreign subsidiaries file income tax returns in their respective foreign jurisdictions. The Company remains subject to audit by the relevant tax authorities for the years ended 2010 through 2015. The Company estimates SR&ED expenditures and claims investment tax credits for income tax purposes based on management’s interpretation of the applicable legislation in the Income Tax Act (“the Act”) and related provincial legislation. These claims are subject to audit by the tax authorities. In the opinion of management, the treatment of research and development expenditures for income tax purposes is appropriate. Any difference between recorded refundable tax credits and amounts ultimately received is recorded when the amount becomes known. As of December 31, 2015 and 2014, the Company had unused non-capital tax losses of approximately $14,264 and $13,475 respectively, a SR&ED expenditure pool totaling $6,364 and $3,673 respectively, and investment tax credits of $1,486 and $532 respectively, that are due to expire as follows.
|  | SR&ED Expenditures $ |  | Investment Tax Credits $ |  | Non-Capital Losses $
2031 |  | — |  |  | 45 |  |  | — |
2032 |  | — |  |  | 117 |  |  | 13 |
2033 |  | — |  |  | 232 |  |  | 11,235 |
2034 |  | — |  |  | 197 |  |  | 825 |
2035 |  | — |  |  | 895 |  |  | 2,191 |
Indefinite |  | 6,364 |  |  | — |  |  | — |
|  | 6,364 |  |  | 1,486 |  |  | 14,264 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration