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SHARE CAPITAL (Tables)
12 Months Ended
Dec. 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 December 31, 2017 and 2016 and changes during the fiscal years is presented below:
 
 
 
Year Ended
 
 
Year Ended
 
 
 
December 31, 2017
 
 
December 31, 2016
 
 
 
Number of
Options
 
Weighted
Average
Exercise Price
(C$)
 
Aggregate
Intrinsic Value
(C$)
 
 
Number of
Options
 
Weighted
Average
Exercise Price
(C$)
 
Aggregate
Intrinsic Value
(C$)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of the year
 
 
6,026,200
 
$
1.61
 
 
 
 
 
 
6,066,200
 
$
1.60
 
 
 
 
Granted
 
 
250,000
 
$
1.35
 
 
 
 
 
 
-
 
 
-
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
(40,000)
 
$
0.50
 
 
 
 
Expired
 
 
(1,650,000)
 
$
3.17
 
 
 
 
 
 
-
 
 
-
 
 
 
 
Cancelled
 
 
(149,200)
 
$
1.24
 
 
 
 
 
 
-
 
 
-
 
 
 
 
Balance, end of the year
 
 
4,477,000
 
$
1.03
 
$
38,220
 
 
 
6,026,200
 
$
1.61
 
$
183,930
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
Stock options outstanding are as follows:
 
 
 
December 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
 
March 14, 2018*
 
$
2.18
 
 
300,000
 
 
300,000
 
 
$
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
 
 
540,000
 
 
540,000
 
 
$
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
 
 
637,000
 
 
637,000
 
 
$
0.50
 
 
688,200
 
 
445,466
 
June 9, 2023
 
$
1.00
 
 
30,000
 
 
30,000
 
 
$
1.00
 
 
30,000
 
 
20,000
 
February 1, 2025
 
$
1.35
 
 
250,000
 
 
83,333
 
 
$
-
 
 
-
 
 
-
 
 
 
 
 
 
 
4,477,000
 
 
4,310,333
 
 
 
 
 
 
6,026,200
 
 
5,353,465
 
* Expired subsequently
Schedule of Nonvested Share Activity [Table Text Block]
A summary of the non-vested options as of December 31, 2017 and 2016 and changes during the fiscal years ended December 31, 2017 and 2016 is as follows:
 
Non-vested options:
 
Number of options
 
Weighted average
grant-date fair
value (CAD)
 
Outstanding at December 31, 2015
 
 
2,030,136
 
$
0.34
 
Granted
 
 
-
 
 
-
 
Vested
 
 
(1,357,401)
 
$
0.38
 
Outstanding at December 31, 2016
 
 
672,735
 
$
0.25
 
Granted
 
 
250,000
 
$
0.40
 
Vested
 
 
(756,068)
 
$
0.27
 
Outstanding at December 31, 2017
 
 
166,667
 
$
0.40
 
Schedule of Other Share-based Compensation, Activity [Table Text Block]
DSUs outstanding are as follows:
 
 
 
Year Ended
 
 
Year Ended
 
 
 
December 31, 2017
 
 
December 31, 2016
 
 
 
Number of
Units
 
Weighted
Average Exercise
Price (C$)
 
 
Number of
Units
 
Weighted
Average Exercise
Price (C$)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of the year
 
 
-
 
$
-
 
 
 
-
 
$
-
 
Issued
 
 
778,122
 
$
0.62
 
 
 
-
 
$
-
 
Exercised
 
 
(129,687)
 
$
0.62
 
 
 
-
 
$
-
 
Balance, end of the year
 
 
648,435
 
$
0.62
 
 
 
-
 
$
-
 
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:
 
 
 
Year ended
December 31,
2017
 
 
 
 
 
 
Expected life of options
 
 
6 years
 
Risk-free interest rate
 
 
1.75
%
Expected volatility
 
 
93.02
%
Dividend rate
 
 
0.00
%
Exercise price (C$)
 
$
1.35