Transition report pursuant to Rule 13a-10 or 15d-10

Transition Period Comparative Data (Tables)

v3.5.0.2
Transition Period Comparative Data (Tables)
12 Months Ended
Jun. 30, 2016
Transition Period Comparative Data  
Schedule of transition period comparative data

    Three months
ended
    Three months
ended
 
    June 30, 2016
(Audited)
    June 30, 2015
(Unaudited)
 
             
Operating Data:                
Expenses                
Research and development   $ 709,314     $ 228,125  
General and administrative     968,734       625,917  
      1,678,048       854,042  
Other income (expenses)                
Grant income     20,500       29,999  
Interest income     186       175  
Change in fair value of warrant derivative liability     (860,275 )     1,571  
Total other income (expenses)     (839,589 )     31,745  
                 
Net loss for the period   $ (2,517,637 )   $ (822,297 )
                 
Loss per share - basic and diluted   $ (0.17 )   $ (0.11 )
                 
Weighted average number of shares outstanding – basic and diluted     15,111,088       7,823,683  
                 
Cash flow Data:                
Net cash used in operating activities   $ (1,100,342 )   $ (576,492 )
Net cash used in investing activities     (47,215 )     (23,378 )
Net cash provided by financing activities     2,572,896       4,241,627  
Net increase in cash for the period   $ 1,425,339     $ 3,641,757