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WARRANT LIABILITY (Tables)
12 Months Ended
Dec. 31, 2018
Warrant Liability  
Schedule of Change in Warrant Liability

   

December 31,

2018

   

December 31,

2017

   

January 1,

2017

 
                   
Balance at beginning of the period   $ 1,161     $ 1,630     $ -  
Warrants issued during the period     2,296       -       1,638  
Fair value adjustment     (1,304 )     (563 )     (8 )
Effect of movement in exchange rates     (144 )     94       -  
Balance at end of the period   $ 2,009     $ 1,161     $ 1,630  
Less: current portion     -       -       -  
Non-current portion   $ 2,009     $ 1,161     $ 1,630  

 

Continuity of warrants during the periods is as follows:

 

   

Underlying

Shares

    Weighted Average Exercise Price  
             

Warrants outstanding and exercisable, January 1 and

December 31, 2017

    3,602,215     $ 1.99  
Issued     7,175,846     $ 0.80  
Warrants outstanding and exercisable, December 31, 2018     10,778,061     $ 1.20  

Schedule of Warrants Outstanding and Exercisable

          Derivative Warrants,Outstanding and Exercisable  
Expiry Date  

Exercise Price

per Share

   

December 31,

 2018

   

December 31,

2017

   

January 1,

2017

 
                         
March 14, 2019   $ 1.00       40,000       40,000       40,000  
November 28, 2019   $ 2.00       3,562,215       3,562,215       3,562,215  
September 25, 2023   $ 0.80       7,175,846       -       -  
              10,778,061       3,602,215       3,602,215  

Schedule of Fair Value of Warrant Liability

   

December 31,

2018

   

December 31,

2017

   

January 1,

2017

 
Weighted average assumptions:                  
Risk-free interest rate     1.88 %     1.66 %     0.67 %
Expected dividend yield     0 %     0 %     0 %
Expected warrant life (years)     3.46       1.90       2.29  
Expected stock price volatility     61.47 %     65.69 %     72.66 %
Weighted average fair value   $ 0.19     $ 0.32     $ 0.35