Shareholders' Equity and Capital Stock (Tables)
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6 Months Ended |
Jun. 30, 2014
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Stockholders' Equity Note [Abstract] |
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Schedule of Share-based Compensation, Stock Options, Activity |
Activity with respect to stock options is summarized as follows:
| | | | Weighted- | | | | | | average | | | | Options | | exercise price | | | | # | | $ | | | | | | | | Outstanding, December 31, 2013 | | 9,273,659 | | 1.19 | | Granted | | 100,000 | | 1.53 | | Exercised | | (1,045,786) | | 0.84 | | Forfeited | | (174,779) | | 1.33 | | | | | | | | Outstanding, June 30, 2014 | | 8,153,094 | | 1.23 | |
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Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range |
As of June 30, 2014, outstanding stock options are as follows:
| | Options outstanding | | Options exercisable | | | | | | | | Weighted- | | | | | | Weighted- | | | | | | | | | | average | | Aggregate | | | | average | | Aggregate | | | | Exercise | | Number | | remaining | | Intrinsic | | Number | | remaining | | Intrinsic | | | | price | | of | | contractual | | Value | | of | | contractual | | Value | | | | $ | | options | | life (years) | | $ | | options | | life (years) | | $ | | Expiry | | | | | | | | | | | | | | | | | | 0.84 | | 508,376 | | 0.2 | | 138 | | 508,376 | | 0.2 | | 138 | | September 2, 2014 | | 0.76 | | 462,064 | | 0.7 | | 160 | | 462,064 | | 0.7 | | 160 | | March 5, 2015 | | 2.69 | | 1,277,741 | | 1.6 | | - | | 1,277,741 | | 1.6 | | - | | January 28, 2016 | | 1.47 | | 545,000 | | 2.0 | | - | | 545,000 | | 2.0 | | - | | July 7, 2016 | | 1.10 | | 677,223 | | 2.2 | | 19 | | 677,223 | | 2.2 | | 19 | | September 9, 2016 | | 1.09 | | 200,000 | | 2.3 | | 7 | | 200,000 | | 2.3 | | 7 | | October 24, 2016 | | 0.85 | | 983,167 | | 2.5 | | 258 | | 983,167 | | 2.5 | | 258 | | January 12, 2017 | | 1.30 | | 200,000 | | 2.6 | | - | | 200,000 | | 2.6 | | - | | February 1, 2017 | | 1.11 | | 100,000 | | 2.7 | | 2 | | 100,000 | | 2.7 | | 2 | | March 1, 2017 | | 0.71 | | 1,371,994 | | 3.4 | | 540 | | 1,371,994 | | 3.4 | | 540 | | December 7, 2017 | | 0.72 | | 620,971 | | 3.8 | | 239 | | 471,527 | | 3.8 | | 181 | | April 25, 2018 | | 1.16 | | 100,000 | | 4.1 | | - | | 54,000 | | 4.1 | | - | | August 1, 2018 | | 1.12 | | 1,006,558 | | 4.5 | | 9 | | 326,608 | | 4.5 | | 3 | | December 27, 2018 | | 1.57 | | 100,000 | | 4.8 | | - | | 10,000 | | 4.8 | | - | | March 31, 2019 | | | | | | | | | | | | | | | | | | 1.19 | | 8,153,094 | | 2.6 | | 1,372 | | 7,187,700 | | 2.4 | | 1,308 | | | |
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Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
Activity with respect to RSUs is summarized as follows: | | Number | | Weighted | | | | of | | average grant | | | | RSUs | | date fair value | | | | | | | $ | | Unvested, December 31, 2013 | | | 691,610 | | | 0.90 | | Vested | | | (230,531) | | | 0.93 | | Forfeited | | | (28,383) | | | 0.93 | | | | | | | | | | Unvested, June 30, 2014 | | | 432,696 | | | 0.95 | |
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Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date |
As of June 30, 2014, outstanding RSUs are as follows:
| | | | | | | Aggregate | | | Number of | Remaining | intrinsic | | | unvested | life | value | | Grant date | units | (years) | $ | | December 7, 2012 | | | 182,716 | | | 0.44 | | | 206 | | December 27, 2013 | | | 249,980 | | | 1.49 | | | 282 | | | | | | | | | | | | | | | | 432,696 | | | 1.05 | | | 488 | |
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Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range |
As of June 30, 2014, outstanding warrants are as follows: | | | | | | Aggregate | | | | Exercise | | | | Remaining | | intrinsic | | | | price | | Number | | contractual | | value | | | | $ | | of warrants | | life (years) | | $ | | Expiry | | | | | | | | | | | | 0.92 | | 50,000 | | 1.2 | | 10 | | September 4, 2015 | | 1.12 | | 100,000 | | 1.3 | | 1 | | November 1, 2015 | | 0.93 | | 25,000 | | 1.7 | | 5 | | March 5, 2016 | | 1.35 | | 2,354,545 | | 2.5 | | - | | December 19, 2016 | | 1.12 | | 4,294,167 | | 4.0 | | 40 | | June 24, 2018 | | 1.17 | | 1,550,400 | | 4.2 | | - | | August 27, 2018 | | | | | | | | | | | | | | 8,374,112 | | 3.5 | | 56 | | | |
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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The initial fair value of options granted during the six months ended June 30, 2014 was determined using the Black-Scholes option pricing model with the following assumptions: | | 2014 | | | 2013 | | | | | | | | | | | Expected option life (years) | | | 3.49 | | | | 3.41 | | Expected volatility | | | 66 | % | | | 63 | % | Risk-free interest rate | | | 1.4 | % | | | 1.1 | % | Forfeiture rate (options) | | | 4.5 | % | | | 4.4 | % | Expected dividend rate | | | 0 | % | | | 0 | % |
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