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v3.7.0.1

Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015
REVENUE | $ 0 | $ 0
OPERATING AND ADMINISTRATIVE EXPENSES |  |
Research and development | 417,866 | 456,274
General and administrative | 1,411,466 | 568,764
Goodwill impairment | 404,169 |
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES | 2,233,501 | 1,025,038
LOSS FROM OPERATIONS | (2,233,501) | (1,025,038)
OTHER (EXPENSE) INCOME |  |
Interest income | 907 |
Interest expense - stockholder | (7,162) | (11,473)
Realized gain (loss) on foreign exchange transactions | (6,625) | 13,089
Change in fair value of derivative liability | (29,445) |
TOTAL OTHER (EXPENSE) INCOME | (42,325) | 1,616
NET LOSS | (2,275,826) | (1,023,442)
COMPREHENSIVE LOSS |  |
Net Loss | (2,275,826) | (1,023,442)
Foreign exchange translation loss | (32,984) | (1,070)
TOTAL COMPREHENSIVE LOSS | $ (2,308,810) | $ (1,024,492)
Net loss per share - Basic and Diluted (in dollars per share) | $ (0.43) | $ (0.15)
Weighted average common shares - Basic and Diluted (in shares) | 5,306,035 | 6,613,338

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