Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Interim Statement of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Condensed Interim Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Loss for the period $ (2,290,339) $ (1,621,388)
Items not affecting cash    
Amortization 3,858
Change in fair value of stock option and derivative liabilities 225,688 539,446
Change in fair value of derivative liability due change in warrant terms 21,565
Shares issued for services 564,000
Warrants issued for services 50,244 6,654
Stock option expense 31,818 39,906
Changes in non-cash working capital    
Taxes and other receivables (19,969) (9,901)
Prepaid expenses (33,208) 63,385
Accounts payable and accrued liabilities (178,161) (389,502)
Related party payables 32,987 (52,046)
Net cash flows from operating activities (1,613,082) (1,401,881)
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 2,453,633
Proceeds from the exercise of warrants 256,940  
Series A preferred stock dividend (2,089) (2,089)
Net cash flows from financing activities 254,851 2,451,544
(Decrease) increase in cash and cash equivalents (1,358,231) 1,049,663
Cash and cash equivalents - beginning of period 6,157,264 1,754,433
Cash and cash equivalents - end of period $ 4,799,033 $ 2,804,096