Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Interim Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash Flows Used In Operating Activities:        
Net loss $ (1,220,361) $ (1,194,077) $ (3,809,710) $ (3,684,890)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization     135,515 106,712
Share-based compensation     92,480 209,781
Foreign exchange (gain) loss (64,135) 8,188 (21,972) (109,448)
Loss in fair value of warrant liability 0 0 0 211,956
Changes in working capital items:        
Accounts receivable     73,906 148,611
Deferred share issuance costs     0 (232,822)
Inventory     108,483 (11,418)
Prepaid expenses     37,033 38,301
Deposits     0 560
Accounts payable and accrued liabilities     (198,269) 8,695
Net cash used in operating activities     (3,582,534) (3,313,962)
Cash Flows From Investing Activities:        
Acquisition of property, plant and equipment     (200,365) (294,858)
Purchase of short-term investments     (3,008,853) (6,005,737)
Proceeds on sales and maturities of short-term investments     3,000,000 9,021,827
Contribution to joint venture     0 (66,695)
Net cash provided by (used in) investing activities     (209,218) 2,654,537
Cash Flows From Financing Activities:        
Proceeds from exercise of warrants and options     0 1,368,260
Net cash provided by financing activities     0 1,368,260
Effect of exchange rate changes on cash and cash equivalents     22,211 122,865
Net change in cash and cash equivalents     (3,769,541) 831,700
Cash and cash equivalents - beginning of period     7,416,904 3,955,503
Cash and cash equivalents - end of period 3,647,363 4,787,203 3,647,363 4,787,203
Cash (demand deposits) 1,035,138 1,712,003 1,035,138 1,712,003
Cash equivalents 2,612,225 3,075,200 2,612,225 3,075,200
Cash and cash equivalents $ 3,647,363 $ 4,787,203 $ 3,647,363 $ 4,787,203