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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets and liabilities

The tax effects of the temporary differences that give rise to the Company’s estimated deferred tax assets and liabilities are as follows:

		2016				2015
Assumed Tax rate		34%				34%
Net operating loss carryforwards		$	11,223,000			$	9,177,000
Research and development tax credits			1,036,000				794,000
Foreign exchange			(25,000	)			(10,000	)
Unpaid charges			152,000				832,000
Intangible asset costs			57,000				64,000
Stock-based compensation			2,004,000				581,000
Valuation allowance for deferred tax assets			(14,447,000	)			(11,438,000	)
Net deferred tax assets		$	-			$	-

Schedule of statutory income tax

The provision for income taxes differ from the amount established using the statutory income tax rate as follows:

		2016				2015				2014
Income benefit at statutory rate of 34%		$	(5,010,000	)		$	(4,117,000	)		$	(3,865,000	)
Foreign income taxed at other rates			132,000				80,000				13,000
Permanent differences
Effect of stock based compensation			-				-				202,000
Debt extinguishment			-				(29,000	)			2,736,000
Mark-to-market deriative liability adjustment			-				193,000				(994,000	)
Non-deductible finance and accretion expenses			5,000				1,511,000				808,000
Non-deductible compensation costs			738,000
Other permanent differences			-				(5,000	)			(16,000	)
Research and development tax credit			628,000				502,000				(26,000	)
Expiry of foreign net operating loss carryforwards			333,000				-				-
Adjustment and true up to prior years' tax provision			176,000				100,000				14,000
Effect of foreign exchange and other			(11,000	)			-				-
Change in valuation allowance related to current year provision			3,009,000				1,765,000				2,528,000
Income Tax Recovery		$	-			$	-			$	1,400,000

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: 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=65882285&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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