Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Consolidated Statements of Operations

v3.7.0.1
Condensed Interim Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Product sales $ 20,532 $ 181,092 $ 175,407 $ 963,587
Contract services revenue 0 0 50,000 32,000
Revenues 20,532 181,092 225,407 995,587
Expenses:        
Costs of sales and contract services 77,555 119,989 227,563 700,953
Costs of aquaculture 64,708 59,063 212,945 223,225
Research and development 536,169 470,097 1,326,405 1,068,008
General and administrative 635,716 720,421 2,314,143 2,595,176
Total Expenses 1,314,148 1,369,570 4,081,056 4,587,362
Loss from Operations (1,293,616) (1,188,478) (3,855,649) (3,591,775)
Other Income (Loss)        
Foreign exchange gain (loss) 64,135 (8,188) 21,972 109,448
Loss in fair value of warrant liability 0 0 0 (211,956)
Investment income 9,120 2,589 24,767 16,593
Other Income (Loss), Total 73,255 (5,599) 46,739 (85,915)
Loss Before Income Tax (1,220,361) (1,194,077) (3,808,910) (3,677,690)
Income tax expense 0 0 800 7,200
Net Loss $ (1,220,361) $ (1,194,077) $ (3,809,710) $ (3,684,890)
Loss per common share:        
Basic and diluted $ (0.12) $ (0.14) $ (0.38) $ (0.44)
Weighted average number of common shares outstanding:        
Basic and diluted 10,153,130 8,448,758 10,141,882 8,423,429