XML 41 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
8. INCOME TAX (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Deferred tax assets and liabilities
        As of December 31,   As of December 31,
        2015   2014
Deferred tax assets:        
  Current:        
    Accrued vacation   $                        26   $                        39
    Reclamation provision   52   57
        78   96
  Non-current:        
    Noncapital loss carryforwards, Canada   2,640   2,546
    Capital loss carryforwards, Canada   7   7
    Net operating loss carryforwards, U.S.   14,784   11,053
    Mineral properties   13,017   14,244
    Reclamation provision   70   69
    Equipment   131   115
    Share based compensation   3,362   4,020
    Research and development   2,358   1,882
        36,369   33,936
  Deferred tax assets   36,447   34,032
  Valuation allowance   (36,447)   (34,032)
  Net   $                         -   $                           -
             
Deferred tax liabilities:        
  Non-Current:        
    Other   -   -
  Deferred tax liabilities   -   -
Net deferred tax asset/(liability)   -   -
Valuation allowance by tax jurisdiction
  As of December 31,
  2015   2014
Canada $             3,148     $             3,055
United States              33,299                  30,977
Total valuation allowance $           36,447     $           34,032
Income/(loss) from continuing operations before income taxes
    For the years ended December 31,
     2015   2014
Canada   $                 (617)   $                (623)
United States   (9,061)   (13,406)
      $              (9,678)   $           (14,029)
           
Income tax provision
        As of December 31,  
        2015   2014  
Current            
  Canada   $                    -   $                    -  
  United States   -   -  
        -   -  
Deferred            
  Canada   $                    -   $                    -  
  United States   -   -  
        -   -  
Income tax expense (recovery)   $                    -   $                    -  
Income tax reconciliation
        As of December 31,   As of December 31,
        2015   2014
Net income (loss)   $             (9,678)   $             (14,029)
Statutory tax rate   26.00%   26.00%
Tax expense (recovery) at statutory rate   (2,516)   (3,648)
         
Foreign tax rates   (591)   (928)
Change in tax rates   166   27
Share issuance costs amortization   (103)   (220)
Stock-based compensation   569   155
Nondeductible expenses   17   5
Prior year true-up for loss carryovers   43   20
Prior year true-up for property basis adjustments   -   (63)
Unrecognized benefit of non-capital losses   -   -
Other   -   -
Change in valuation allowance   2,415   4,652
Income tax expense (recovery)   $                         -   $                           -