SHARE CAPITAL (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the stock option plan as of March 31, 2017 and December 31, 2016 and changes is presented below:

	Three Months Ended				Year Ended
	March 31, 2017				December 31, 2016
	Number of		Weighted Average Exercise		Number of		Weighted Average Exercise
	Options		Price (C$)		Options		Price (C$)
Balance, beginning of the period		6,026,200	$	1.61		6,066,200	$	1.60
Exercised		-		-		(40,000)		0.50
Balance, end of the period		6,026,200	$	1.61		6,026,200	$	1.61

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Stock options outstanding are as follows:

	March 31, 2017						December 31, 2016
Expiry Date	Exercise Price (C$)		Number of Options		Exercisable		Exercise Price (C$)		Number of Options		Exercisable
August 24, 2017	$	3.17		1,675,000		1,675,000	$	3.17		1,675,000		1,675,000
March 14, 2018	$	2.18		319,000		319,000	$	2.18		319,000		319,000
February 25, 2022	$	1.11		1,030,000		1,030,000	$	1.11		1,030,000		1,030,000
February 25, 2022	$	0.73		594,000		594,000	$	0.73		594,000		594,000
March 10, 2022	$	1.11		430,000		430,000	$	1.11		430,000		430,000
March 16, 2023	$	1.00		1,260,000		1,260,000	$	1.00		1,260,000		839,999
March 16, 2023	$	0.50		688,200		688,200	$	0.50		688,200		445,466
June 9, 2023	$	1.00		30,000		20,000	$	1.00		30,000		20,000
				6,026,200		6,016,200				6,026,200		5,353,465

Schedule of Nonvested Share Activity [Table Text Block]

A summary of the non-vested options as of March 31, 2017 and changes during the three months ended March 31, 2017 is as follows:

			Weighted
			average grant-
Non-vested options:	Number of options		date fair value (C$)
Outstanding at December 31, 2016		672,735	$	0.25
Vested		(662,735)	$	0.25
Outstanding at March 31, 2017		10,000	$	0.24

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following weighted average assumptions were used for the Black-Scholes option pricing model calculations:

	YTD December 31,
	2015
Expected life of options	6 years
Risk-free interest rate	0.97%
Annualized volatility	80.60%
Dividend rate	0.00%
Exercise price (C$)	$0.80