XML 88 R48.htm IDEA: XBRL DOCUMENT

SHARE CAPITAL AND SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Share Capital And Share-based Payments Tables

Schedule of Stock Options

		Underlying Shares				Weighted Average Exercise Price (C$)
Stock options outstanding and exercisable, January 1, 2016			2,439,500			$	1.52
Granted			802,500			$	2.95
Forfeited			(165,000	)		$	1.44
Expired			(19,500	)		$	1.02
Exercised			(1,079,000	)		$	1.17
Stock options outstanding and exercisable, December 31, 2016			1,978,500			$	2.24
Granted			1,475,000			$	1.98
Forfeited			(122,500	)		$	2.54
Exercised			(20,000	)		$	1.62
Stock options outstanding and exercisable, December 31, 2017			3,311,000			$	2.12

Schdule of Stock Options Outsanding and Exercisable

						Stock Options Outstanding
Expiry Date		Exercise Price (C$)				December 31, 2017				December 31, 2016				January 1, 2016

January 18, 2016		$	1.02				-				-				204,500
September 30, 2016		$	1.02				-				-				645,000
February 18, 2018		$	1.60				147,500				147,500				195,000
September 9, 2018		$	1.62				276,000				296,000				360,000
September 19, 2019		$	1.90				620,000				667,500				855,000
December 22, 2019		$	1.90				105,000				105,000				130,000
September 29, 2020		$	1.32				-				-				50,000
September 2, 2021		$	2.95				687,500				762,500				-
September 20, 2022		$	1.98				1,435,000				-				-
October 6, 2022		$	1.98				40,000				-				-
							3,311,000				1,978,500				2,439,500

Schdule of fair value of the options granted

		2017				2016				2015
Weighted average assumptions:
Risk-free interest rate			1.80	%			0.69	%			0.78	%
Expected dividend yield			0	%			0	%			0	%
Expected option life (years)			5.00				5.00				5.00
Expected stock price volatility			68.23	%			65.13	%			65.10	%
Weighted average fair value at grant date		C$1.14				C$1.60				C$0.65

Schdule of Basic Earnings Per Share and Diluted Earnings Per Share

		2017				2016				2015
Net income for the year		$	2,653,461			$	1,503,531			$	378,087
Basic weighted average number of shares outstanding			52,523,454				42,695,999				36,229,424
Effect of dilutive share options, warrants, and RSUs			796,555				1,095,452				494,301
Diluted weighted average number of shares outstanding			53,320,009				43,791,451				36,723,725
Basic earnings per share		$	0.05			$	0.04			$	0.01
Diluted earnings per share		$	0.05			$	0.03			$	0.01