11. STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2017

Stock Options Tables

Stock option activity

	Number of shares			Exercise price per share		Weighted average exercise price
Balance, December 31, 2015		1,190,000		$	0.75 - $2.45	$	1.34
Granted		168,000		$	1.42	$	1.42
Cancelled or expired		(515,000	)	$	0.75 – 2.45	$	1.61
Exercised		(30,000	)	$	1.00 – 1.21	$	1.09
Balance, December 31, 2016		813,000		$	0.75 – 2.22	$	1.19
Cancelled or expired		(92,000	)	$	1.00 - 2.22	$	1.97
Exercised		(50,000	)	$	0.75 – 1.21	$	1.11
Balance, September 30, 2017		671,000		$	0.75 – 1.42	$	1.09
Exercisable, September 30, 2017		508,000		$	0.75 – 1.21	$	0.98

Fair value of each option grant

	2016
Expected life - years		3.0
Interest rate		1.37	%
Volatility		75.64	%
Dividend yield		--	%
Weighted average fair value of options granted	$	0.7073