| |
|
|
Derivative |
|
|
|
|
|
Derivative |
|
|
|
|
| |
|
|
liability – |
|
|
Derivative liability |
|
|
liability – series |
|
|
|
|
| |
|
|
warrants |
|
|
– conversion option |
|
|
A dividends |
|
|
Total |
|
| |
Balance, December 31, 2011 |
$ |
317,003
|
|
$ |
-
|
|
$ |
-
|
|
$ |
317,003
|
|
| |
Preferred share conversion option |
|
-
|
|
|
1,293,769
|
|
|
-
|
|
|
1,293,769
|
|
| |
Preferred share dividends |
|
-
|
|
|
-
|
|
|
32,956
|
|
|
32,956
|
|
| |
Share purchase warrants issued |
|
1,006,162
|
|
|
-
|
|
|
-
|
|
|
1,006,162
|
|
| |
Total fair value adjustment |
|
146,123
|
|
|
227,106
|
|
|
42
|
|
|
373,271
|
|
| |
Balance, December 31, 2012 |
|
1,469,288
|
|
|
1,520,875
|
|
|
32,998
|
|
|
3,023,161
|
|
| |
Preferred share dividends |
|
-
|
|
|
-
|
|
|
112,079
|
|
|
112,079
|
|
| |
Allocation to APIC |
|
186,030
|
|
|
-
|
|
|
-
|
|
|
186,030
|
|
| |
Conversion to common shares |
|
-
|
|
|
(195,475
|
) |
|
-
|
|
|
(195,475
|
) |
| |
Total fair value adjustment |
|
793,462
|
|
|
1,131,059
|
|
|
68,138
|
|
|
1,992,659
|
|
| |
Balance, December 31, 2013 |
$ |
2,448,780
|
|
$ |
2,456,459
|
|
$ |
213,215
|
|
$ |
5,118,454
|
|
