SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of selected financial information by geographic location

	Canada		United States		Total
March 31, 2014
Capitalized acquisition costs	$	—	$	55,204,041	$	55,204,041
Property and equipment	11,615		52,353		63,968
Current assets	10,768,470		875,764		11,644,234
Total assets	$	10,780,085	$	56,132,158	$	66,912,243
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

Three months ended	March 31, 2014			March 31, 2013
Net loss for the period — Canada	$	(669,051	)	$	(1,656,129	)
Net loss for the period - United States	(2,841,268		)	(2,407,153		)
Net loss for the period	$	(3,510,319	)	$	(4,063,282	)

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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