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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2017

Warrants Outstanding to Purchase Common Stock

Warrant	Common Shares Issuable Upon Exercise of		Exercise Price
Description	Outstanding Warrants at September 30, 2017		$USD		Expiration Date
Investor warrants		1,312		$1.50 USD	November 22, 2018
Investor warrants		50		$3.00 USD	February 2, 2019
Total		1,362

Schedule of Share Based Compensation, Stock Options Expense Recognized

The table below outlines recognized contractor and employee expense for the three and nine month periods ended September 30, 2017 and 2016.

	Three Months Ended				Nine months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Contractor options expense recognized	$	210	$	9	$	552	$	9
Employee options expense recognized		907		41		1,409		152
Total option expense recognized	$	1,117	$	50	$	1,961	$	161

Schedule of Share-based Compensation, Stock Options, Activity

The following is a summary of option activity for each of the quarterly periods in fiscal year 2017 for stock options denominated in US dollars:

	Number of		Weighted-Average
US Denominated Options	Options (thousands)		Exercise Price $USD
Outstanding December 31, 2016		1,428		1.93
Granted		-		-
Exercised		-		-
Forfeited		-		-
Outstanding at March 31, 2017		1,428		1.93
Granted		300		4.84
Exercised		(50)		0.64
Forfeited		-		-
Outstanding at June 30, 2017		1,678		2.48
Granted		21		6.72
Exercised		(72)		1.69
Forfeited		(3)		2.79
Outstanding at September 30, 2017		1,624		2.57

The following is a summary of option activity for the three and nine months ended September 30, 2017 for stock options denominated in Canadian dollars:

	Number of		Weighted-Average
Canadian Denominated Options	Options (thousands)		Exercise Price $CAD
Outstanding December 31, 2016		999		2.38
Exercised		-		-
Forfeited		-		-
Outstanding at March 31, 2017		999		2.38
Exercised		(36)		2.42
Forfeited		-		-
Outstanding at June 30, 2017		963		2.37
Exercised		(135)		2.43
Forfeited		(91)		2.40
Outstanding at September 30, 2017		737		2.36

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Assumptions for the valuation of the option grants are described in the table below:

	Three Months Ended
	September 30,
Black-Scholes Model Assumptions	2017			2016
Expected dividend		0.00	%		0.00	%
Risk free rate		2.04	%		1.27	%
Expected volatility		162	%		136	%
Expected life		7 years			7 years

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details