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Consolidated Balance Sheets (CAD)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents 5,052,594 1,508,946
Short term investments 55,000 10,000
Restricted cash [note 3] 433,369   
Accounts receivable 472,308 122,231
Work-in-progress 976,463 1,112,210
Prepaid expenses and other 140,649 43,105
Total current assets 7,130,383 2,796,492
Restricted cash [note 3]    74,135
Property and equipment [note 4] 327,839 404,301
Total assets 7,458,222 3,274,928
Current liabilities:    
Accounts payable and accrued liabilities [note 5] 1,623,724 1,347,925
Deferred revenue 317,103 1,776,496
Capital lease obligation    8,591
Fair value of derivative instruments [note 12] 241,000   
Net current liabilities 2,181,827 3,133,012
Long term liabilities:    
Asset retirement obligation [note 6] 61,813 57,953
Total liabilities 2,243,640 3,190,965
Future operations [note 1]      
Commitments and contingencies [note 15]      
Subsequent events [note 18]      
Shareholders' equity:    
Preferred shares [note 8]: - authorized unlimited, Issued:10,000,000 Preferred shares 3,489,000 3,489,000
Common shares [note 7]: - authorized unlimited, Issued: 39,554,959 common shares (2011 - 34,757,396) 56,623,686 53,756,687
Contributed capital 5,406,193 5,205,301
Deficit (61,015,232) (63,077,960)
Accumulated other comprehensive income 710,935 710,935
Net Shareholders' equity 5,214,582 83,963
Total Liabilities and Shareholders' equity 7,458,222 3,274,928