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Employee Stock Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Grant Date Fair Value

Grant Date	8/15/14
Option – grant date price (Cdn$)	$1.60
Options granted	1,990,000
Expected life yrs.	5.0
Expected volatility	66%
Risk free interest rate	1.6%
Weighted average fair value	$0.81
Grant date fair value	$1,618,000

Grant Date	6/18/13	10/21/13
Option – grant date price	$1.14	$0.94
Options outstanding	120,000	1,280,000
Expected life yrs.	5.0	5.0
Expected volatility	68%	67%
Risk free interest rate	1.24%	1.39%
Weighted average fair value	$0.65	$0.53
Grant date fair value	$78,000	$674,000

Summary Stock Options

	2014			2013
		Weighted			Weighted
		Average	Aggregate		Average	Aggregate
		Exercise	Intrinsic		Exercise	Intrinsic
	Options	Price (Cdn$)	value(1)	Options	Price (Cdn)$	Value(1)
2006 Plan
Outstanding, beginning of year	2,419,000	$2.25		2,598,400	$2.22
Granted	1,990,000	1.60		-	-
Exercised	-	-		(117,500)	1.55
Cancelled/expired (2)	(2,061,000)	2.31		-	-
Forfeited	-	-		(61,900)	2.40
Outstanding, end of year	2,348,000	$1.66	$ -	2,419,000	$2.25	$ -
Exercisable, end of year	814,250	$1.78	$ -	2,336,500	$2.27	$ -

	2014			2013
		Weighted			Weighted
		Average	Aggregate		Average	Aggregate
	RSU’s/	Exercise	Intrinsic		Exercise	Intrinsic
	Options	Price	value(1)	Options	Price	value(1)
2013 Plan
Outstanding, beginning of year	1,400,000	$0.96		-	-
Granted	50,562	0.89		1,400,000	0.96
Exercised	(50,562)	0.89		-	-
Cancelled	-	-		-	-
Forfeited	-	-		-	-
Outstanding, end of year	1,400,000	$0.96	$ -	1,400,000	$0.96	$ -
Exercisable, end of year	700,000	$0.96	$ -	350,000	$0.96	$ -

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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