XML 39 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
SHARE BASED PAYMENTS (Tables)
6 Months Ended
Sep. 30, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
          Weighted        
          Average     Aggregate  
          Exercise Price     Intrinsic Value  
    Number     (CAD)     (CAD)  
                   
Balance outstanding at March 31, 2015   4,920,000   $ 1.14   $ 10,120,000  
Exercised   (94,640 ) $ 0.60     -  
Granted   50,000     0.98     -  
                   
Balance outstanding at September 30, 2015   4,875,360   $ 1.15   $   -  
                   
Balance exercisable at September 30, 2015   3,272,862   $ 1.15   $   -  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
          Options                    
          outstanding                    
          remaining                 Number of  
Number of         contractual life     Exercise     Grant date fair     options  
options   Expiry date     (years)     Price (CAD)     value (CAD)     exercisable  
                               
3,520,000   June 18, 2019     3.72   $ 0.60   $ 0.23     2,346,667  
155,360   June 20, 2019     3.72   $ 0.60   $ 0.23     92,860  
100,000   July 14, 2017     1.79   $ 2.52   $ 1.06     100,000  
450,000   December 8, 2019     4.19   $ 2.92   $ 1.65     450,000  
100,000   December 8, 2019     4.19   $ 2.92   $ 1.49     33,334  
400,000   December 8, 2019     4.19   $ 2.96   $ 1.56     200,000  
100,000   March 16, 2020     4.46   $ 3.20   $ 1.61     33,334  
50,000   August 15, 2015     4.88   $ 0.98   $ 0.45     16,667  
4,875,360                           3,272,862  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    September 30, 2015     September 30, 2014  
             
Stock price   $0.872     $0.55  
Exercise Price   $1.105     $0.65  
Expected life   4.1 years     4.1 years  
Expected volatility   67.85%     115.73%  
Risk – free interest rate   1.05%     1.46%  
Dividend rate   0.00%     0.00%  
Schedule of Non-Employee Share-based Compensation Arrangements Fair Values [Table Text Block]
    Six months ended     Year ended March  
    September 30, 2015     31, 2015  
         
             
Fair value of non-employee options, beginning of the period   1,581,444     -  
Issuance   -     767,879  
Reallocation of vested non-employee options   86,261     74,190  
Change in fair value of non-employee stock options during the period   (1,305,796)     739,375  
             
Fair value of non-employee options, end of the period   361,909     1,581,444  
Share-Based Payments Classified in the Companys Statement of Loss [Table Text Block]
    September 30,     September 30,  
    2015     2014  
         
             
Consulting fees   73,126     70,654  
Research and development   -     50,303  
Wages and salaries   362,534     473,297  
             
    435,660     594,254  
Schedule of Stockholder's Equity Note Warrants Or Rights Activity [Table Text Block]
    Number of warrants           Weighted Average Exercise Price  
    CAD     US     CAD $     US $  
Balance, March 31, 2015   8,444,400     -   $ 1.00     -  
Granted   -     709,164   $   -     2.97  
Exercised   (14,400)     -   $ 1.00     -  
Balance, September 30, 2015   8,430,000     709,164   $ 1.00     2.97  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
             
Number of warrants outstanding   Exercise Price     Expiry Date  
8,430,000   CAD $1.00     May 30, 2016  
452,032   US $3.00     April 30, 2018  
167,731   US $3.00     June 26, 2018  
18,978   US $2.15     June 26, 2020  
62,878   US $3.00     July 17, 2018  
7,545   US $2.15     July 17, 2020