Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity and Capital Stock (Tables)

v3.6.0.2
Shareholders' Equity and Capital Stock (Tables)
12 Months Ended
Dec. 31, 2016
Shareholders' Equity and Capital Stock [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

average

 

 

 

Options

 

exercise price

 

 

 

#

 

$

 

 

 

 

 

 

Outstanding, December 31, 2013

 

 

9,273,659

 

1.19

 

 

 

 

 

 

Granted

 

 

1,136,776

 

0.93

Exercised

 

 

(1,623,139)

 

0.83

Forfeited

 

 

(303,612)

 

1.45

Expired

 

 

(15,070)

 

0.82

 

 

 

 

 

 

Outstanding, December 31, 2014

 

 

8,468,614

 

1.12

 

 

 

 

 

 

Granted

 

 

2,384,052

 

0.67

Exercised

 

 

(608,531)

 

0.66

Forfeited

 

 

(258,918)

 

1.09

Expired

 

 

(10,810)

 

0.64

 

 

 

 

 

 

Balance, December 31, 2015

 

 

9,974,407

 

0.88

 

 

 

 

 

 

Granted

 

 

3,062,542

 

0.57

Exercised

 

 

(16,620)

 

0.58

Forfeited

 

 

(788,883)

 

0.70

Expired

 

 

(2,482,512)

 

1.56

 

 

 

 

 

 

Outstanding, December 31, 2016

 

 

9,748,934

 

0.63

 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding

 

Options exercisable

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

average

 

 

 

 

 

average

 

 

 

 

 

 

 

 

remaining

 

Aggregate

 

 

 

remaining

 

Aggregate

 

 

Exercise

 

Number

 

contractual

 

Intrinsic

 

Number

 

contractual

 

Intrinsic

 

 

price

 

of options

 

life (years)

 

Value

 

of options

 

life (years)

 

Value

 

Expiry

$

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

 

 

 

 

 

(thousands)

 

 

 

 

 

(thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.68

 

822,659

 

0.0

 

 -

 

822,659

 

0.0

 

 -

 

12-Jan-17

1.04

 

200,000

 

0.1

 

 -

 

200,000

 

0.1

 

 -

 

01-Feb-17

0.88

 

100,000

 

0.2

 

 -

 

100,000

 

0.2

 

 -

 

01-Mar-17

0.57

 

1,129,448

 

0.9

 

 -

 

1,129,448

 

0.9

 

 -

 

07-Dec-17

0.57

 

510,324

 

1.3

 

 -

 

510,324

 

1.3

 

 -

 

25-Apr-18

0.92

 

100,000

 

1.6

 

 -

 

100,000

 

1.6

 

 -

 

01-Aug-18

0.89

 

794,443

 

2.0

 

 -

 

794,443

 

2.0

 

 -

 

27-Dec-18

1.25

 

100,000

 

2.2

 

 -

 

100,000

 

2.2

 

 -

 

31-Mar-19

0.76

 

837,228

 

2.9

 

 -

 

837,228

 

2.9

 

 -

 

12-Dec-19

0.85

 

200,000

 

3.4

 

 -

 

200,000

 

3.4

 

 -

 

29-May-20

0.64

 

709,262

 

3.6

 

 -

 

539,036

 

3.6

 

 -

 

17-Aug-20

0.60

 

1,183,028

 

3.9

 

 -

 

638,837

 

3.9

 

 -

 

11-Dec-20

0.54

 

3,062,542

 

5.0

 

 -

 

306,255

 

5.0

 

 -

 

16-Dec-21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.63

 

9,748,934

 

3.0

 

 -

 

6,278,230

 

2.0

 

 -

 

 

 

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

 

 

 

 

 

 

 

 

 

Number

 

Weighted

 

 

 

of

 

average grant

 

 

 

RSUs

 

date fair value

 

 

 

 

 

$

Unvested, December 31, 2013

 

 

691,610

 

0.90

 

 

 

 

 

 

Granted

 

 

259,192

 

1.20

Vested

 

 

(527,407)

 

0.74

Forfeited

 

 

(43,960)

 

0.92

 

 

 

 

 

 

Unvested, December 31, 2014

 

 

379,435

 

0.89

 

 

 

 

 

 

Granted

 

 

795,592

 

0.83

Vested

 

 

(286,223)

 

0.91

Forfeited

 

 

(28,709)

 

0.85

 

 

 

 

 

 

Unvested, December 31, 2015

 

 

860,095

 

0.82

 

 

 

 

 

 

Granted

 

 

715,638

 

0.57

Vested

 

 

(281,342)

 

0.81

Forfeited

 

 

(20,401)

 

0.65

 

 

 

 

 

 

Unvested, December 31, 2016

 

 

1,273,990

 

0.60

 

Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date

 

 

 

 

 

 

 

 

 

Number of

 

Remaining

 

Aggregate

 

 

unvested

 

life

 

Intrinsic

Grant date

 

RSUs

 

(years)

 

Value

 

 

 

 

 

 

$

 

 

 

 

 

 

(thousands)

March 13, 2015

 

110,278

 

0.19

 

58

August 17, 2015

 

177,314

 

0.62

 

94

December 11, 2015

 

270,760

 

0.94

 

144

December 16, 2016

 

715,638

 

1.95

 

379

 

 

 

 

 

 

 

 

 

1,273,990

 

0.84

 

675

 

Schedule Of Share-Based Compensation, Warrants, Activity

 

 

 

 

 

 

 

 

 

Number

 

Weighted-

 

 

 

of

 

average

 

 

 

Warrants

 

exercise price

 

 

 

 

 

$

Outstanding, December 31, 2013

 

 

8,374,112

 

0.95

 

 

 

 

 

 

Outstanding, December 31, 2014

 

 

8,374,112

 

1.20

 

 

 

 

 

 

Expired

 

 

(150,000)

 

0.89

 

 

 

 

 

 

Outstanding, December 31, 2015

 

 

8,224,112

 

1.71

 

 

 

 

 

 

Expired

 

 

(2,379,545)

 

1.34

 

 

 

 

 

 

Outstanding, December 31, 2016

 

 

5,844,567

 

1.02

 

Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Aggregate

 

 

Exercise

 

Number

 

contractual

 

Intrinsic

 

 

price

 

of warrants

 

life (years)

 

Value

 

Expiry

$

 

 

 

 

 

$

 

 

 

 

 

 

 

 

(thousands)

 

 

0.89

 

4,294,167

 

1.7

 

 -

 

24-Jun-18

0.93

 

1,550,400

 

1.9

 

 -

 

27-Aug-18

 

 

 

 

 

 

 

 

 

0.90

 

5,844,567

 

1.3

 

 -

 

 

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

 

 

2016

2015

2014

 

 

   

 

Expected option life (years)

3.72

3.6-3.67

3.49-3.56

Expected volatility

57%

55-57%

61-66%

Risk-free interest rate

1.0%

0.5-0.7%

1.1-1.4%

Forfeiture rate (options)

5.6%

4.9-5.0%

4.5-4.7%

Forfeiture rate (RSUs)

6.2%

7.2-8.3%

7.7%

Expected dividend rate

0%

0%

0%