Stockholders' Equity Note [Abstract] | Period [Axis] |
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2015-01-01 - 2015-12-31 |
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Stockholders' Equity Note [Abstract] | |
Schedule of Stockholders Equity [Table Text Block] | On February 4, 2016, the Company effectuated a one-for-seven reverse split of its common stock; the Company’s stockholder’s equity, information on number of shares and (loss) earnings per share has been retroactively restated to the first period presented.
For the year ended December 31, 2014
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Shares issued
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Value
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i. issued to selected investors through placement agent, at $17.43 per share less financing cost
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ii. issued to employees based on 2013 Incentive Stock Plan, valued at $10.08 per share
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Total common stock issued during the year ended December 31, 2014
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Schedule of Allocated Equity and Liability [Table Text Block] | The amount of $3,862,533 relating to item (i) above is allocated to the following equity and liability:
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$ |
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Warrants liability - Note 6(b)
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Additional paid-in-capital
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Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | The following table summarizes the Company’s outstanding warrants as of December 31, 2015 and 2014.
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Outstanding as at December 31,
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Expiry date
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Exercise Price
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2015
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2014
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* The Company’s recurring fair value measurements at December 31, 2015 were as follows:
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Fair Value, Liabilities Measured on Recurring Basis [Table Text Block] | * The Company’s recurring fair value measurements at December 31, 2015 were as follows:
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Fair Value as of
December 31, 2015
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Significant
Unobservable
Inputs
(Level 3)
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Liabilities:
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Warrants expiring March 2017
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Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | The following tables summarize activities for the Company’s options for the years ended December 31, 2015 and 2014.
For the Year Ended December 31, 2015
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Weighted Average
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Number of options
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Exercise Price ($)
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Remaining Life (years)
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Outstanding at beginning of period
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Granted, exercised or forfeited
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Outstanding at end of period
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For the Year Ended December 31, 2014
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Weighted Average
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Number of options
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Exercise Price ($)
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Remaining Life (years)
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Outstanding at beginning of period
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Granted, exercised or forfeited
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Outstanding at end of period
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