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Note 6 - Stockholders' Equity (Deficiency) (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

	Number of warrants			Weighted average exercise price
Outstanding, December 31, 2016		-			$-

Granted		2,323,779		0.43	-	0.49
Granted		2,887,895		0.44	-	0.52
Granted		128,600		0.44	-	0.52
Exercised		(121,111	)		(0.43)

Outstanding, December 31, 2017		5,219,163			0.48

Granted		-			-
Exercised		(1,215,000	)		(0.50)
Expired, unexercised		(3,875,563	)		(0.51)

Outstanding September 30, 2018		128,600			$0.52

Schedule of Stockholders' Equity Note, Warrants or Rights, by Exercise Price Range [Table Text Block]

Range of exercise prices per share	Number of outstanding warrants		Expiry date
0.52		128,600	October 26, 2018
		128,600

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

	Number of options			Weighted average exercise price
Outstanding, December 31, 2016		1,010,000		$	0.42

Granted		725,000			0.42
Exercised		-			-
Cancelled		(130,000	)		(0.42	)

Outstanding December 31, 2017		1,605,000			0.42

Granted		2,130,000			0.47
Exercised		-			-
Cancelled		(125,000	)		(0.42	)

Outstanding September 30, 2018		3,610,000		$	0.45

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

Range of exercise prices per share		Number outstanding		Number exercisable		Expiry date
$	0.42		855,000		855,000	December 20, 2021
	0.42		650,000		380,000	November 8, 2022
	0.42		830,000		722,000	June 4, 2023
	0.50		1,275,000		1,275,000	June 4, 2023
			3,610,000		3,232,000

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details