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Condensed Unaudited Interim Consolidated Statements of Shareholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2016 83,964,569      
Balance at Dec. 31, 2016 $ 10,189,973 $ 1,205,456 $ (7,561,028) $ 3,834,401
Stock issuance for services (in shares) 43,613      
Stock issuance for services $ 45,000 45,000
Stock issuance for financing, net of costs (in shares) 4,405,373      
Stock issuance for financing, net of costs $ 6,516,650 6,516,650
Stock-based compensation 837,531 $ 837,531
Stock issued due to exercise of options (in shares) 925,000     925,000
Stock issued due to exercise of options $ 130,354 (30,156) $ 100,198
Net loss for the period (5,501,788) (5,501,788)
Balance (in shares) at Sep. 30, 2017 89,338,555      
Balance at Sep. 30, 2017 $ 16,881,977 2,012,831 (13,062,816) 5,831,992
Balance (in shares) at Dec. 31, 2017 90,225,869      
Balance at Dec. 31, 2017 $ 18,244,659 1,768,526 (15,626,100) 4,387,085
Stock issuance for services (in shares) [1] 641,717      
Stock issuance for services $ 1,238,513 [1] 1,238,513
Stock issuance for financing, net of costs (in shares) [2] 1,861,627      
Stock issuance for financing, net of costs $ 3,966,362 [2] 3,966,362
Stock-based compensation 7,288 $ 7,288
Stock issued due to exercise of options (in shares) 1,866,996     1,866,996
Stock issued due to exercise of options $ 1,923,922 (386,898) $ 1,537,024
Net loss for the period (8,226,005) (8,226,005)
Balance (in shares) at Sep. 30, 2018 94,596,209      
Balance at Sep. 30, 2018 $ 25,373,456 $ 1,388,916 $ (23,852,105) $ 2,910,267
[1] On May 10, 2018, the Company issued 641,717 common shares in accordance with a development, commercialization and exclusive distribution agreement with Seraph Biosciences, Inc. and recognized $1,238,513 as a research and development expense in the condensed unaudited interim consolidated financial statements.
[2] On May 15, 2018, the Company issued 255,815 common shares for gross proceeds of $550,000. On June 28, 2018, the Company issued 1,605,812 common shares for gross proceeds of $3,452,496. The Company recorded $23,806 of share issuance costs as an offset to capital stock.