Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity and Capital Stock (Tables)

v2.4.0.8
Shareholders' Equity and Capital Stock (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
Activity with respect to stock options is summarized as follows:
 
 
 
 
 
Weighted-
 
 
 
 
 
average
 
 
 
Options
 
exercise price
 
 
 
#
 
$
 
 
 
 
 
 
 
Outstanding, December 31, 2013
 
9,273,659
 
1.19
 
Granted
 
100,000
 
1.53
 
Exercised
 
(1,045,786)
 
0.84
 
Forfeited
 
(174,779)
 
1.33
 
 
 
 
 
 
 
Outstanding, June 30, 2014
 
8,153,094
 
1.23
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
As of June 30, 2014, outstanding stock options are as follows:
 
 
 
Options outstanding
 
Options exercisable
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
average
 
Aggregate
 
 
 
average
 
Aggregate
 
 
 
Exercise
 
Number
 
remaining
 
Intrinsic
 
Number
 
remaining
 
Intrinsic
 
 
 
price
 
of
 
contractual
 
Value
 
of
 
contractual
 
Value
 
 
 
$
 
options
 
life (years)
 
$
 
options
 
life (years)
 
$
 
Expiry
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.84
 
508,376
 
0.2
 
138
 
508,376
 
0.2
 
138
 
September 2, 2014
 
0.76
 
462,064
 
0.7
 
160
 
462,064
 
0.7
 
160
 
March 5, 2015
 
2.69
 
1,277,741
 
1.6
 
-
 
1,277,741
 
1.6
 
-
 
January 28, 2016
 
1.47
 
545,000
 
2.0
 
-
 
545,000
 
2.0
 
-
 
July 7, 2016
 
1.10
 
677,223
 
2.2
 
19
 
677,223
 
2.2
 
19
 
September 9, 2016
 
1.09
 
200,000
 
2.3
 
7
 
200,000
 
2.3
 
7
 
October 24, 2016
 
0.85
 
983,167
 
2.5
 
258
 
983,167
 
2.5
 
258
 
January 12, 2017
 
1.30
 
200,000
 
2.6
 
-
 
200,000
 
2.6
 
-
 
February 1, 2017
 
1.11
 
100,000
 
2.7
 
2
 
100,000
 
2.7
 
2
 
March 1, 2017
 
0.71
 
1,371,994
 
3.4
 
540
 
1,371,994
 
3.4
 
540
 
December 7, 2017
 
0.72
 
620,971
 
3.8
 
239
 
471,527
 
3.8
 
181
 
April 25, 2018
 
1.16
 
100,000
 
4.1
 
-
 
54,000
 
4.1
 
-
 
August 1, 2018
 
1.12
 
1,006,558
 
4.5
 
9
 
326,608
 
4.5
 
3
 
December 27, 2018
 
1.57
 
100,000
 
4.8
 
-
 
10,000
 
4.8
 
-
 
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.19
 
8,153,094
 
2.6
 
1,372
 
7,187,700
 
2.4
 
1,308
 
 
 
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
Activity with respect to RSUs is summarized as follows:
 
 
 
Number
 
Weighted
 
 
 
of
 
average grant
 
 
 
RSUs
 
date fair value
 
 
 
 
 
 
$
 
Unvested, December 31, 2013
 
 
691,610
 
 
0.90
 
Vested
 
 
(230,531)
 
 
0.93
 
Forfeited
 
 
(28,383)
 
 
0.93
 
 
 
 
 
 
 
 
 
Unvested, June 30, 2014
 
 
432,696
 
 
0.95
 
Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date
As of June 30, 2014, outstanding RSUs are as follows:
 
 
 
 
 
 
 
 
Aggregate
 
 
Number of
Remaining
intrinsic
 
 
unvested
life
value
 
Grant date
units
(years)
$
 
December 7, 2012
 
 
182,716
 
 
0.44
 
 
206
 
December 27, 2013
 
 
249,980
 
 
1.49
 
 
282
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
432,696
 
 
1.05
 
 
488
 
Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range
As of June 30, 2014, outstanding warrants are as follows:
 
 
 
 
 
 
 
Aggregate
 
 
 
Exercise
 
 
 
Remaining
 
intrinsic
 
 
 
price
 
Number
 
contractual
 
value
 
 
 
$
 
of warrants
 
life (years)
 
$
 
Expiry
 
 
 
 
 
 
 
 
 
 
 
0.92
 
50,000
 
1.2
 
10
 
September 4, 2015
 
1.12
 
100,000
 
1.3
 
1
 
November 1, 2015
 
0.93
 
25,000
 
1.7
 
5
 
March 5, 2016
 
1.35
 
2,354,545
 
2.5
 
-
 
December 19, 2016
 
1.12
 
4,294,167
 
4.0
 
40
 
June 24, 2018
 
1.17
 
1,550,400
 
4.2
 
-
 
August 27, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
8,374,112
 
3.5
 
56
 
 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The initial fair value of options granted during the six months ended June 30, 2014 was determined using the Black-Scholes option pricing model with the following assumptions:
 
 
 
2014
 
 
2013
 
 
 
 
 
 
 
 
 
 
Expected option life (years)
 
 
3.49
 
 
 
3.41
 
Expected volatility
 
 
66
%
 
 
63
%
Risk-free interest rate
 
 
1.4
%
 
 
1.1
%
Forfeiture rate (options)
 
 
4.5
%
 
 
4.4
%
Expected dividend rate
 
 
0
%
 
 
0
%