Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Interim Balance Sheets (Unaudited)

v3.5.0.2
Consolidated Condensed Interim Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 4,799,033 $ 6,157,264
Taxes and other receivables 38,356 18,387
Prepaid expenses 177,339 144,131
Assets current 5,014,728 6,319,782
Intangible assets - net 32,159 36,017
Total assets 5,046,887 6,355,799
Current liabilities    
Accounts payable and accrued liabilities 405,841 584,002
Related party payables 76,431 43,444
Liabilities current 482,272 627,446
Stock option liability 175,875
Derivative liability 590,345 693,700
Total liabilities 1,072,617 1,497,021
Stockholders' accumulated equity    
1 special voting share at September 30, 2016 (June 30, 2016 - 1)
Common stock Authorized 50,000,000 shares, $0.001 par value 11,381,997 issued at September 30, 2016 (June 30, 2016 - 11,187,023) 11,382 11,187
Additional paid-in capital 30,523,086 28,833,105
Warrants 1,683,424 1,658,382
Accumulated deficit (34,837,585) (32,237,859)
Accumulated other comprehensive income 21,178 21,178
Stockholders' equity, total 3,974,270 4,858,778
Liabilities and equity 5,046,887 6,355,799
Series A Preferred Stock    
Stockholders' accumulated equity    
Preferred stock, value 278,530 278,530
Series B Preferred Stock    
Stockholders' accumulated equity    
Preferred stock, value $ 6,294,255 $ 6,294,255