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)
3 Months Ended
Mar. 31, 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
 
 
1.15
 
Granted
 
 
100,000
 
 
1.52
 
Exercised
 
 
(985,592)
 
 
0.84
 
Forfeited
 
 
(72,330)
 
 
0.92
 
 
 
 
 
 
 
 
 
Outstanding, March 31, 2014
 
 
8,315,737
 
 
1.19
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
As of March 31, 2014, outstanding stock options are as follows:
 
 
 
 
 
 
Options outstanding
 
 
Options exercisable
 
 
 
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
Weighted-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
average
 
 
Aggregate
 
 
 
 
 
average
 
 
Aggregate
 
 
 
 
 
Exercise
 
 
 
 
 
remaining
 
 
Intrinsic
 
 
 
 
 
remaining
 
 
Intrinsic
 
 
 
 
 
price
 
 
Number
 
 
contractual
 
 
Value
 
 
Number
 
 
contractual
 
 
Value
 
 
 
 
 
$
 
 
of options
 
 
life (years)
 
 
$
 
 
of options
 
 
life (years)
 
 
$
 
Expiry
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
0.81
 
 
512,662
 
 
0.4
 
 
379
 
 
512,662
 
 
0.4
 
 
379
 
September 2, 2014
 
 
 
0.73
 
 
468,389
 
 
0.9
 
 
384
 
 
468,389
 
 
0.9
 
 
384
 
March 5, 2015
 
 
 
2.59
 
 
1,318,293
 
 
1.8
 
 
-
 
 
1,318,293
 
 
1.8
 
 
-
 
January 28, 2016
 
 
 
1.42
 
 
545,000
 
 
2.3
 
 
71
 
 
545,000
 
 
2.3
 
 
71
 
July 7, 2016
 
 
 
1.06
 
 
677,223
 
 
2.4
 
 
332
 
 
677,223
 
 
2.4
 
 
332
 
September 9, 2016
 
 
 
1.05
 
 
200,000
 
 
2.6
 
 
100
 
 
200,000
 
 
2.6
 
 
100
 
October 24, 2016
 
 
 
0.82
 
 
1,002,482
 
 
2.8
 
 
732
 
 
1,002,482
 
 
2.8
 
 
732
 
January 12, 2017
 
 
 
1.26
 
 
200,000
 
 
2.8
 
 
58
 
 
200,000
 
 
2.8
 
 
58
 
February 1, 2017
 
 
 
1.07
 
 
100,000
 
 
2.9
 
 
48
 
 
100,000
 
 
2.9
 
 
48
 
March 1, 2017
 
 
 
0.69
 
 
1,408,150
 
 
3.7
 
 
1,211
 
 
1,041,080
 
 
3.7
 
 
895
 
December 7, 2017
 
 
 
0.70
 
 
637,382
 
 
4.1
 
 
542
 
 
338,866
 
 
4.1
 
 
288
 
April 25, 2018
 
 
 
1.12
 
 
100,000
 
 
4.3
 
 
43
 
 
32,000
 
 
4.3
 
 
14
 
August 1, 2018
 
 
 
1.08
 
 
1,046,156
 
 
4.7
 
 
492
 
 
102,806
 
 
4.7
 
 
48
 
December 27, 2018
 
 
 
1.52
 
 
100,000
 
 
5.0
 
 
3
 
 
10,000
 
 
5.0
 
 
-
 
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.15
 
 
8,315,737
 
 
2.9
 
 
4,395
 
 
6,548,801
 
 
2.4
 
 
3,349
 
 
 
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
 
 
0.87
 
Vested
 
 
(230,531)
 
 
0.79
 
Forfeited
 
 
(7,849)
 
 
0.93
 
 
 
 
 
 
 
 
 
Unvested, March 31, 2014
 
 
453,230
 
 
0.91
 
Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date
As of March 31, 2014, outstanding RSUs are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Aggregate
 
 
 
Number of
 
Remaining
 
Intrinsic
 
 
 
unvested
 
life
 
Value
 
Grant date
 
units
 
(years)
 
$
 
December 7, 2012
 
191,188
 
0.69
 
296
 
December 27, 2013
 
262,042
 
1.74
 
406
 
 
 
 
 
 
 
 
 
 
 
453,230
 
1.25
 
702
 
Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range
As of March 31, 2014, outstanding warrants are as follows:
 
 
 
 
 
 
 
Aggregate
 
 
 
Exercise
 
 
 
Remaining
 
Intrinsic
 
 
 
price
 
Number
 
contractual
 
Value
 
 
 
$
 
of warrants
 
life (years)
 
$
 
Expiry
 
 
 
 
 
 
 
 
 
 
 
0.89
 
50,000
 
1.4
 
33
 
September 4, 2015
 
1.08
 
100,000
 
1.6
 
47
 
November 1, 2015
 
0.90
 
25,000
 
1.9
 
16
 
March 5, 2016
 
1.35
 
2,354,545
 
2.7
 
471
 
December 19, 2016
 
1.08
 
4,294,167
 
4.2
 
2,018
 
June 24, 2018
 
1.13
 
1,550,400
 
4.4
 
651
 
August 27, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
8,374,112
 
3.8
 
3,236
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The initial fair value of options granted during the three months ended March 31, 2014 was determined using the Black-Scholes option pricing model with the following assumptions:
 
 
 
2014
 
 
 
 
 
Expected option life (years)
 
3.49
 
Expected volatility
 
66
%
Risk-free interest rate
 
1.4
%
Forfeiture rate (options)
 
4.5
%
Expected dividend rate
 
0
%