Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Dec. 31, 2017
CAD ($)
Dec. 31, 2016
CAD ($)
Current assets    
Cash and cash equivalents $ 11,836,119 $ 12,034,282
Short-term investments 0 2,088,800
Contract receivable 4,767,100 0
Other receivables 37,726 54,406
Prepaid expenses 1,176,063 260,841
Total current assets 17,817,008 14,438,329
Non-current assets    
Property and equipment 333,441 319,955
Total non-current assets 333,441 319,955
Total assets 18,150,449 14,758,284
Current Liabilities    
Accounts payable and accrued liabilities 3,684,023 4,068,664
Contract liability 1,545,645 0
Total current liabilities 5,229,668 4,068,664
Non-current liabilities    
Contract liability 4,636,935 0
Total non-current liabilities 4,636,935 0
Total liabilities 9,866,603 4,068,664
Commitments and contingencies
Shareholders’ equity    
Share capital Authorized: unlimited Issued: December 31, 2017 – 141,805,722 December 31, 2016 – 121,258,222 271,710,138 262,321,825
Warrants 3,617,900 0
Contributed surplus 27,028,238 26,643,044
Accumulated other comprehensive income 373,730 554,060
Accumulated deficit (294,446,160) (278,829,309)
Total shareholders’ equity 8,283,846 10,689,620
Total liabilities and equity $ 18,150,449 $ 14,758,284