Annual report pursuant to Section 13 and 15(d)

Other Liabilities

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Other Liabilities
 12 Months Ended
Dec. 31, 2013
Other Liabilities Disclosure [Abstract]  
Other Liabilities
17.
Other Liabilities
 
For the December 2013 private placement, the Company issued units consisting of one common share and one half warrants.  The warrants are priced at US$1.35 which created a non-hedging derivative financial instrument.  The liability created is adjusted to a calculated fair value quarterly using the Black-Scholes technique described below as there is no active market for the warrants.  Any income or loss is reflected in net income for the year.  The revaluation resulted in a gain of $151 which is included in the gain on foreign exchange.