XML 29 R19.htm IDEA: XBRL DOCUMENT v3.3.1.900
SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Sep. 30, 2015
Fair Value, by Balance Sheet Grouping [Table Text Block]
      Six months ended     Six months ended  
      September 30, 2015    

September 30, 2014

 
      (Restated – Note 11)     (Restated – Note 11)  
       $      $  
               
  Non-employee options            
               
  Beginning fair value   1,581,444     -  
  Issuance   -     121,344  
  Reallocation of vested non-employee options   670,111     7,419  
  Change in fair value   (1,889,646 )   594,254  
  Ending fair value of Level 3 liability   361,909     723,017  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
    Three months ended     Six months ended  
    September  30, 2015     September  30, 2014     September  30, 2015     September 30, 2014  

Basic

                       

Numerator

                       

Net income (loss)

$

1,375,281

  $

(3,756,127

) $

(1,136,500

) $

(5,320,080

)

Denominator

 

 

   

 

   

 

   

 

 

Weighted average common shares outstanding

 

64,408,500

   

63,104,788

   

64,055,508

   

51,025,119

 
   

 

   

 

   

 

   

 

 
Basic net income per share  

$0.02

   

$(0.06

)  

$(0.02

)  

$(0.10

)
                         

Diluted

                       

Numerator

                       

Net income for diluted income per share

$

1,375,281

  $

(3,756,127

) $

(1,136,500

) $

(5,320,080

)

Denominator

 

 

   

 

   

 

   

 

 

Weighted average common shares outstanding

 

64,408,500

   

63,104,788

   

64,055,508

   

51,025,119

 

Potential share issuances

 

 

   

 

   

 

   

 

 

Common share options

 

2,135,104

   

2,855,914

   

2,652,859

   

2,814,267

 
                         

Common share warrants

 

2,577,769

   

5,031,974

   

4,483,136

   

5,002,389

 

Weighted average number of common shares outstanding used in computing diluted earnings per share

 

66,543,604

   

65,960,702

   

71,191,503

   

58,841,775

 

 

 

 

   

 

   

 

   

 

 

Diluted earnings per share

$

0.02

  $

(0.06

) $

(0.02

) $

(0.10

)