Quarterly report pursuant to Section 13 or 15(d)

IMMATERIAL CORRECTION OF THE JUNE 30, 2015 INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tables)

IMMATERIAL CORRECTION OF THE JUNE 30, 2015 INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tables)

9 Months Ended

Jun. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table sets forth the effects of the restatement adjustments discussed above on the consolidated balance sheet as at June 30, 2015.

	Previously Reported		Increase (Decrease)		Restated
	$		$		$
Liabilities
Derivative liabilities, net of current portion		6,344,817		(6,344,817)		-
Total long-term liabilities		7,491,377		(6,344,817)		1,146,560
Total liabilities		9,383,266		(6,344,817)		3,038,449

Stockholders’ (deficit) equity
Additional paid-in capital		8,566,193		5,721,957		14,288,150
Accumulated deficit		(14,624,760)		(622,860)		(14,001,900)
Total stockholders’ (deficit) equity		(6,065,411)		6,344,817		279,406

The following table sets forth the effects of the restatement adjustments discussed above on the consolidated statement of operations for the three and nine months ended June 30, 2015.

			Three months ended						Nine Months Ended
	Previously Reported		Increase (Decrease)		Restated		Previously Reported		Increase (Decrease)		Restated
	$		$		$		$		$		$
(Increase)/decrease to fair value of derivative		(925,384)		(622,860)		(302,524)		2,924,064		(622,860)		3,546,924
Total other income (expense)		(57,016)		(622,860)		565,844		2,013,925		(622,860)		2,636,785
Net loss		(1,395,245)		(622,860)		(772,385)		(1,850,066)		(622,860)		(1,227,206)

The following table sets forth the effects of the restatement adjustments discussed above on the consolidated statement of cash flow for the nine months ended June 30, 2015.

	Previously Reported		Increase (Decrease)		Restated
	$		$		$
Net loss		(1,850,066)		(622,860)		(1,227,206)
Decrease to fair value of derivative		(2,924,064)		622,860		(3,546,924)