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11. STOCK OPTIONS (Tables)

6 Months Ended

Jun. 30, 2017

Stock Options Tables

Stock option activity

		Number of shares				Exercise price per share				Weighted average exercise price
Balance, December 31, 2015			1,190,000			$	0.75 - $2.45			$	1.34
Granted			168,000			$	1.42			$	1.42
Cancelled or expired			(515,000	)		$	0.75 – 2.45			$	1.61
Exercised			(30,000	)		$	1.00 – 1.21			$	1.09
Balance, December 31, 2016			813,000			$	0.75 – 2.22			$	1.19
Cancelled or expired			(87,000	)		$	1.00 - 2.22			$	1.97
Exercised			(28,000	)		$	0.75 – 1.21			$	1.16
Balance, June 30, 2017			698,000			$	0.75 – 2.00			$	1.10
Exercisable, June 30, 2017			535,000			$	0.75 – 2.00			$	1.00

Fair value of each option grant

		2016
Expected life – years			3
Interest rate			1.37	%
Volatility			75.64	%
Dividend yield			--	%
Weighted average fair value of options granted		$	0.71

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

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