SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Dec. 31, 2013

SEGMENT AND GEOGRAPHIC INFORMATION

Schedule of selected financial information by geographic location

	Canada		United States		Total
December 31, 2013
Capitalized acquisition costs	$	—	$	55,173,564	$	55,173,564
Restricted cash	—		30,477		30,477
Property and equipment	11,994		55,919		67,913
Current assets	13,289,752		903,171		14,192,923
Total assets	$	13,301,746	$	56,163,131	$	69,464,877
December 31, 2012
Capitalized acquisition costs	$	—	$	55,173,564	$	55,173,564
Property and equipment	14,317		75,397		89,714
Current assets	29,046,485		2,377,581		31,424,066
Total assets	$	29,060,802	$	57,626,542	$	86,687,344

	Year ended December 31, 2013			Year ended December 31, 2012			Seven months ended December 31, 2011			Year ended May 31, 2011
Net loss from continuing operations for the period — Canada	$	(4,216,835	)	$	(10,589,464	)	$	(8,145,704	)	$	(4,682,363	)
Net loss from continuing operations for the period - United States	(5,635,645		)	(46,053,998		)	(35,164,253		)	(42,739,510		)
Net loss from discontinued operations for the period — Canada	—			—			—			(811,232		)
Net loss from discontinued operations for the period - United States	—			—			—			(226,680		)
Net loss for the period	$	(9,852,480	)	$	(56,643,462	)	$	(43,309,957	)	$	(48,459,785	)