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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Operating Activities      
Loss for the year $ (4,812,824) $ (7,767,096) $ (9,852,480)
Add items not affecting cash:      
Depreciation 7,047 15,779 21,800
Share-based payments 540,468 1,285,385 3,564,273
Unrealized gain on derivative liability (800,000) (100,000) (7,600,000)
Impairment of available-for-sale securities 219,402 0 298,769
Write-down of advance to contractors 0 0 482,009
Other 0 15,004 0
Changes in non-cash items:      
Accounts receivable 115,527 44,744 393,437
Prepaid expenses (27,786) 25,727 18,193
Advance to contractors 30,682 (30,682) 100,000
Accounts payable and accrued liabilities (612,304) (332,439) (2,246,348)
Cash used in operating activities (5,339,788) (6,843,578) (14,820,347)
Financing Activities      
Issuance of share capital 0 7,315,917 0
Share issuance costs 0 (24,828) 0
Cash provided by financing activities 0 7,291,089 0
Investing Activities      
Change in restricted cash 0 30,477 (30,477)
Capitalized acquisition costs 0 (30,477) 0
Cash used in investing activities 0 0 (30,477)
Effect of foreign exchange on cash (1,688,199) (851,639) (1,394,480)
Decrease in cash and cash equivalents (7,027,987) (404,128) (16,245,304)
Cash and cash equivalents, beginning of year 13,521,473 13,925,601 30,170,905
Cash and cash equivalents, end of year $ 6,493,486 $ 13,521,473 $ 13,925,601