XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities    
Net Loss $ (1,136,220) $ (3,487,757)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 998 882
Accretion of debt discount 16,612
Professional fees paid in shares 2,871,164
Sales and marketing fees paid in shares 73,500
Debt issuance costs 4,529
Transaction costs 38,280
Accrued interest 4,476
Financing fees paid in shares 15,000 12,823
Financing fees paid through the issuance of a promissory note 52,800
Loss on derivative 572,118
Amortization of discount on convertible debt 81,949
Total items not involving cash flow from operating activities (387,738) (491,108)
Changes in operating assets and liabilities (note 15) 150,715 (50,934)
Net cash used in operating activities (237,023) (542,042)
Investing Activities    
Purchase of property and equipment (551) (39,957)
Transaction costs (95,011)
Intangible assets (2,857) (3,500)
Net cash used in investing activities (3,408) (138,468)
Financing Activities    
Share subscription proceeds 10,500 528,195
Share subscriptions receivable 9,900
Proceeds from promissory notes payable 100,300
Proceeds from secured promissory notes 99,608
Proceeds from convertible promissory notes 125,250 (54,200)
Repayment of promissory notes (21,727)
Net cash provided by financing activities 223,531 574,295
Effects of Foreign Currency Translation 2,434 (35,054)
Change in cash (14,466) (141,269)
Cash and cash equivalents - beginning of year 14,466 155,735
Cash and cash equivalents (bank indebtedness)- end of year 14,466
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Common Shares issued to service providers 102,000 2,944,664
Common Shares issued as finance charges 15,000 12,823
Interest paid 46,104 23,672
Income taxes paid