Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 31, 2014 | Jun. 30, 2013 | |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Trading Symbol | 'pkpl | ' | ' |
Entity Registrant Name | 'Park Place Energy Corp. | ' | ' |
Entity Central Index Key | '0001310982 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 36,579,877 | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Well Known Seasoned Issuer | 'No | ' | ' |
Entity Public Float | ' | ' | $1,209,238 |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_balance_sheets
Consolidated balance sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Current assets | ' | ' |
Cash | $32,782 | $12,130 |
Amounts receivable | 91,375 | 4,792 |
Prepaid expenses and deposits | 5,256 | 13,972 |
Due from related party | 0 | 700 |
Total current assets | 129,413 | 31,594 |
Restricted cash | 2,300 | 8,625 |
Property and equipment | 0 | 4,735 |
Oil and gas properties | 1,206,201 | 344,837 |
Total assets | 1,337,914 | 389,791 |
Current liabilities | ' | ' |
Accounts payable and accrued liabilities | 197,777 | 55,199 |
Total liabilities | 197,777 | 55,199 |
Stockholders' equity | ' | ' |
Common stock Authorized: 250,000,000 shares, par value $0.00001 Issued and outstanding: 32,063,447 and 20,667,581 shares, respectively | 321 | 207 |
Additional paid-in capital | 13,748,758 | 12,406,065 |
Stock subscriptions received | 153,286 | 0 |
Deficit accumulated during the exploration stage | -12,762,228 | -12,071,680 |
Total stockholders' equity | 1,140,137 | 334,592 |
Total liabilities and stockholders' equity | $1,337,914 | $389,791 |
Consolidated_balance_sheets_Pa
Consolidated balance sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares, Issued | 32,063,447 | 20,667,581 |
Common Stock, Shares, Outstanding | 32,063,447 | 20,667,581 |
Consolidated_statements_of_ope
Consolidated statements of operations (USD $) | 12 Months Ended | 92 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Oil and gas revenue | $0 | $4,503 | $1,532,065 |
Direct costs | ' | ' | ' |
Depletion | 0 | 0 | 1,170,500 |
Production costs | 0 | 3,462 | 1,081,423 |
Total direct costs | 0 | 3,462 | 2,251,923 |
Gross profit | 0 | 1,041 | -719,858 |
Expenses | ' | ' | ' |
Depreciation | 1,010 | 1,742 | 8,621 |
Exploration costs | 0 | 0 | 319,339 |
Foreign exchange loss (gain) | 8,049 | -6,476 | 396,732 |
General and administrative | 696,860 | 266,527 | 7,905,663 |
Impairment of oil and gas costs | 0 | 0 | 4,011,563 |
Total expenses | 705,919 | 261,793 | 12,641,918 |
Loss before other income (expense) | -705,919 | -260,752 | -13,361,776 |
Other income (expense) | ' | ' | ' |
Accretion of discount on convertible note payable | 0 | 0 | -150,000 |
Gain on marketable securities | 0 | 0 | 4,468 |
Gain on sale of oil and gas properties | 0 | 0 | 284,849 |
Gain on sale of subsidiary | 19,775 | 0 | 19,775 |
Gain (loss) on settlement of debt | -3,414 | 0 | 324,651 |
Interest and other revenue | 0 | 0 | 95,573 |
Loss on disposal of property and equipment | -990 | 0 | -990 |
Loss on write-down of promissory note | 0 | 0 | -239,055 |
Total other income (expense) | 15,371 | 0 | 339,271 |
Loss before income taxes | -690,548 | -260,752 | -13,022,505 |
Deferred income tax recovery | 0 | 0 | 296,386 |
Net loss for the period | ($690,548) | ($260,752) | ($12,726,119) |
Loss per share, basic and diluted | ($0.03) | ($0.01) | ' |
Weighted average number of shares outstanding | 24,598,535 | 20,667,581 | ' |
Consolidated_statements_of_sto
Consolidated statements of stockholders equity (USD $) | Common Stock [Member] | Additional paid-in capital [Member] | Stock subscriptions received [Member] | Deficit accumulated during the exploration stage [Member] | Total |
Beginning Balance at May. 04, 2006 | ' | ' | ' | ' | ' |
Issuance of common stock for cash 1 | $1,412,113 | ' | ' | ' | $1,412,113 |
Issuance of common stock for cash 1 (Shares) | 193,387 | ' | ' | ' | ' |
Net loss for the year | ' | ' | ' | -13,409 | -13,409 |
Ending Balance at Dec. 31, 2006 | 1,412,113 | ' | ' | -13,409 | 1,398,704 |
Ending Balance (Shares) at Dec. 31, 2006 | 193,387 | ' | ' | ' | ' |
Issuance of common stock for cash 1 | 1,492,000 | ' | ' | ' | 1,492,000 |
Issuance of common stock for cash 1 (Shares) | 106,467 | ' | ' | ' | ' |
Recapitalization | -2,607,683 | 2,607,683 | ' | -21,995 | -21,995 |
Recapitalization (Shares) | 2,048,260 | ' | ' | ' | ' |
Renunciation of flow-through shares | -296,386 | ' | ' | ' | -296,386 |
Common stock surrendered for cancellation | -35 | 22 | ' | -14,114 | -14,127 |
Common stock surrendered for cancellation (Shares) | -1,500,000 | ' | ' | ' | ' |
Issuance of common stock for cash 2 | 2 | 2,599,998 | ' | ' | 2,600,000 |
Issuance of common stock for cash 2 (Shares) | 173,333 | ' | ' | ' | ' |
Issuance of common stock for cash 3 | ' | 701,098 | ' | ' | 701,098 |
Issuance of common stock for cash 3 (Shares) | 46,740 | ' | ' | ' | ' |
Issuance of common stock in settlement of debt | ' | 377,858 | ' | ' | 377,858 |
Issuance of common stock in settlement of debt (Shares) | 25,157 | ' | ' | ' | ' |
Issuance of common stock for consulting agreement | ' | 142,000 | ' | ' | 142,000 |
Issuance of common stock for consulting agreement (Shares) | 6,667 | ' | ' | ' | ' |
Stock-based compensation | ' | 1,386,103 | ' | ' | 1,386,103 |
Stock issuance costs | ' | -169,109 | ' | ' | -169,109 |
Net loss for the year | ' | ' | ' | -4,406,753 | -4,406,753 |
Ending Balance at Dec. 31, 2007 | 11 | 7,645,653 | ' | -4,456,271 | 3,189,393 |
Ending Balance (Shares) at Dec. 31, 2007 | 1,100,011 | ' | ' | ' | ' |
Issuance of common stock for cash 1 | 7 | 1,955,550 | ' | ' | 1,955,557 |
Issuance of common stock for cash 1 (Shares) | 784,071 | ' | ' | ' | ' |
Issuance of common stock in settlement of debt | 1 | 149,999 | ' | ' | 150,000 |
Issuance of common stock in settlement of debt (Shares) | 71,429 | ' | ' | ' | ' |
Issuance of common stock for consulting agreement | 2 | 540,998 | ' | ' | 541,000 |
Issuance of common stock for consulting agreement (Shares) | 183,333 | ' | ' | ' | ' |
Stock-based compensation | ' | 291,035 | ' | ' | 291,035 |
Stock issuance costs | ' | -58,406 | ' | ' | -58,406 |
Net loss for the year | ' | ' | ' | -4,836,486 | -4,836,486 |
Ending Balance at Dec. 31, 2008 | 21 | 10,524,829 | ' | -9,292,757 | 1,232,093 |
Ending Balance (Shares) at Dec. 31, 2008 | 2,138,844 | ' | ' | ' | ' |
Issuance of common stock for cash 1 | 2 | 82,999 | ' | ' | 83,001 |
Issuance of common stock for cash 1 (Shares) | 155,000 | ' | ' | ' | ' |
Stock-based compensation | ' | 96,176 | ' | ' | 96,176 |
Net loss for the year | ' | ' | ' | -1,698,952 | -1,698,952 |
Ending Balance at Dec. 31, 2009 | 23 | 10,704,004 | ' | -10,991,709 | -287,682 |
Ending Balance (Shares) at Dec. 31, 2009 | 2,293,844 | ' | ' | ' | ' |
Issuance of common stock for cash 1 | 13 | 116,297 | ' | ' | 116,310 |
Issuance of common stock for cash 1 (Shares) | 1,296,311 | ' | ' | ' | ' |
Issuance of common stock in settlement of debt | 16 | 120,887 | ' | ' | 120,903 |
Issuance of common stock in settlement of debt (Shares) | 1,638,754 | ' | ' | ' | ' |
Issuance of common stock for consulting agreement | 4 | 184,996 | ' | ' | 185,000 |
Issuance of common stock for consulting agreement (Shares) | 370,000 | ' | ' | ' | ' |
Warrants | ' | 10,000 | ' | ' | 10,000 |
Stock-based compensation | ' | 60,119 | ' | ' | 60,119 |
Net loss for the year | ' | ' | ' | -282,438 | -282,438 |
Ending Balance at Dec. 31, 2010 | 56 | 11,196,303 | ' | -11,274,147 | -77,788 |
Ending Balance (Shares) at Dec. 31, 2010 | 5,598,909 | ' | ' | ' | ' |
Issuance of common stock for cash 1 | 105 | 784,420 | ' | ' | 784,525 |
Issuance of common stock for cash 1 (Shares) | 10,447,917 | ' | ' | ' | ' |
Issuance of common stock in settlement of debt | 13 | 108,217 | ' | ' | 108,230 |
Issuance of common stock in settlement of debt (Shares) | 1,332,300 | ' | ' | ' | ' |
Issuance of common stock for conversion of note payable | 33 | 157,467 | ' | ' | 157,500 |
Issuance of common stock for conversion of note payable (Shares) | 3,288,600 | ' | ' | ' | ' |
Intrinsic value of beneficial conversion feature | ' | 150,000 | ' | ' | 150,000 |
Stock-based compensation | ' | 9,658 | ' | ' | 9,658 |
Rounding adjustment related to stock splits (Shares) | -145 | ' | ' | ' | ' |
Net loss for the year | ' | ' | ' | -536,781 | -536,781 |
Ending Balance at Dec. 31, 2011 | 207 | 12,406,065 | ' | -11,810,928 | 595,344 |
Ending Balance (Shares) at Dec. 31, 2011 | 20,667,581 | ' | ' | ' | ' |
Stock-based compensation | ' | ' | ' | ' | 0 |
Net loss for the year | ' | ' | ' | -260,752 | -260,752 |
Ending Balance at Dec. 31, 2012 | 207 | 12,406,065 | ' | -12,071,680 | 334,592 |
Beginning Balance (Shares) at Dec. 31, 2012 | 20,667,581 | ' | ' | ' | ' |
Issuance of common stock for cash 1 | 110 | 1,099,890 | ' | ' | 1,100,000 |
Issuance of common stock for cash 1 (Shares) | 11,000,000 | ' | ' | ' | ' |
Issuance of common stock in settlement of debt | 1 | 9,103 | ' | ' | 9,104 |
Issuance of common stock in settlement of debt (Shares) | 75,866 | ' | ' | ' | ' |
Issuance of common stock for consulting agreement | 3 | 21,597 | ' | ' | 21,600 |
Issuance of common stock for consulting agreement (Shares) | 320,000 | ' | ' | ' | ' |
Share subscriptions received | ' | ' | 153,286 | ' | 153,286 |
Stock-based compensation | ' | 212,103 | ' | ' | 212,103 |
Net loss for the year | ' | ' | ' | -690,548 | -690,548 |
Ending Balance at Dec. 31, 2013 | $321 | $13,748,758 | $153,286 | ($12,762,228) | $1,140,137 |
Ending Balance (Shares) at Dec. 31, 2013 | 32,063,447 | ' | ' | ' | ' |
Consolidated_statements_of_cas
Consolidated statements of cash flows (USD $) | 12 Months Ended | 92 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Operating activities | ' | ' | ' |
Net loss for the period | ($690,548) | ($260,752) | ($12,726,119) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Accretion of discount on convertible note payable | 0 | 0 | 150,000 |
Deferred income tax recovery | 0 | 0 | -296,386 |
Depletion | 0 | 0 | 1,170,500 |
Depreciation | 1,010 | 1,742 | 8,621 |
Gain on sale of marketable securities | 0 | 0 | -4,468 |
Gain on sale of oil and gas properties | 0 | 0 | -284,849 |
Gain on sale of subsidiary | -19,775 | 0 | -19,775 |
Gain on settlement of debt | 3,414 | 0 | -324,651 |
Impairment of oil and gas costs | 0 | 0 | 4,011,563 |
Loss on disposal of property and equipment | 990 | 0 | 990 |
Loss on write-down of promissory note | 0 | 0 | 239,055 |
Stock-based compensation | 212,103 | 0 | 2,933,194 |
Changes in operating assets and liabilities: | ' | ' | ' |
Amounts receivable | -86,583 | 11,119 | -91,019 |
Prepaid expenses and deposits | 8,716 | 3,586 | -5,256 |
Accounts payable and accrued liabilities | 170,778 | -7,170 | 1,181,925 |
Due to/from related parties | 700 | 2,554 | 155,004 |
Net cash used in operating activities | -399,195 | -248,921 | -3,901,671 |
Investing activities | ' | ' | ' |
Cash acquired through recapitalization | 0 | 0 | 305 |
Restricted cash | 6,325 | -8,625 | -2,300 |
Proceeds from sale of marketable securities | 0 | 0 | 79,468 |
Loan receivable | 0 | 0 | -530,000 |
Proceeds from sale of oil and gas properties | 0 | 0 | 48,195 |
Oil and gas properties expenditures | -839,764 | -170,205 | -6,693,787 |
Purchase of property and equipment | 0 | 0 | -12,347 |
Net cash used in investing activities | -833,439 | -178,830 | -7,110,466 |
Financing activities | ' | ' | ' |
Proceeds from loans payable | 0 | 0 | 930,000 |
Repayments of loans payable | 0 | 0 | -41,329 |
Proceeds from issuance of common stock | 1,100,000 | 0 | 10,017,089 |
Subscriptions received | 153,286 | 0 | 153,286 |
Repurchase of common stock | 0 | 0 | -14,127 |
Net cash provided by financing activities | 1,253,286 | 0 | 11,044,919 |
Change in cash | 20,652 | -427,751 | 32,782 |
Cash, beginning of period | 12,130 | 439,881 | 0 |
Cash, end of period | $32,782 | $12,130 | $32,782 |
Nature_of_Business_and_Continu
Nature of Business and Continuance of Operations | 12 Months Ended | |
Dec. 31, 2013 | ||
Nature of Business and Continuance of Operations [Text Block] | ' | |
1 | Nature of Business and Continuance of Operations | |
Park Place Energy Corp., formerly ST Online Corp. (the “Company”), was incorporated under the laws of the State of Nevada on August 27, 2004. On July 30, 2007, the Company acquired Park Place Energy (Canada) Inc. The acquisition was a capital transaction in substance and therefore was accounted for as a recapitalization. Under recapitalization accounting, Park Place Energy (Canada) Inc. was considered the acquirer for accounting and financial reporting purposes, and acquired the assets and assumed the liabilities of the Company. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of the business of Park Place Energy (Canada) Inc. since inception. The Company is in the business of acquiring and exploring oil and gas properties. On December 30, 2013, the Company disposed Park Place Energy (Canada) Inc. Refer to Note 3. The Company has not produced significant revenue from its principal business, and is an exploration stage company as defined by ASC 915, “Development Stage Entities”. | ||
These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has a history of negative cash flows from operating activities and the continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at December 31, 2013, the Company has a working capital deficit of $68,364 and an accumulated deficit of $12,762,228 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | ||
The Company requires additional funds over the next twelve months to fully implement its business plan. Management will seek additional financing through the sale of equity and from borrowings from private lenders to cover its operating expenditures when necessary. There can be no certainty that these sources will provide the additional funds required for the next twelve months. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||
Dec. 31, 2013 | |||
Summary of Significant Accounting Policies [Text Block] | ' | ||
2 | Summary of Significant Accounting Policies | ||
(a) | Basis of Presentation | ||
These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in US dollars. Previously, these consolidated financial statements were expressed in Canadian dollars. On December 31, 2013, the Company changed its reporting currency to US dollars. Refer to Note 13. | |||
These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, BG Exploration EOOD, a company incorporated under the laws of Bulgaria. All inter-company transactions and balances have been eliminated upon consolidation. | |||
(b) | Use of Estimates | ||
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the estimated useful lives and recoverability of long-lived assets, impairment of oil and gas properties, fair value of stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. | |||
(c) | Cash and Cash Equivalents | ||
The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. | |||
(d) | Long-lived Assets | ||
In accordance with ASC 360, “Property, Plant and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value, which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value. | |||
(e) | Oil and Gas Properties | ||
The Company follows the full cost method of accounting for oil and natural gas operations, whereby all costs of exploring for and developing oil and natural gas reserves are capitalized and accumulated in cost centres on a country-by-country basis. Costs include: licence and land acquisition costs, geological, engineering, geophysical, seismic and other data, carrying charges on non-productive properties and costs of drilling and completing both productive and non-productive wells. General and administrative costs which are associated with acquisition, exploration and development activities are capitalized. General and administrative costs are capitalized other than to the extent of the Company’s working interest in operated capital expenditure programs on which operator’s fees have been charged equivalent to standard industry operating agreements. | |||
The costs in each cost centre, including the costs of well equipment, are depleted and depreciated using the unit-of-production method based on the estimated proved reserves before royalties. The costs of acquiring and evaluating significant unproved properties are initially excluded from depletion calculations. These unevaluated properties are assessed periodically to ascertain whether impairment has occurred. When proved reserves are assigned or the property is considered to be impaired, the cost of the property or the amount of the impairment is added to costs subject to depletion. | |||
The capitalized costs less accumulated depletion and depreciation in each cost centre are limited to an amount equal to the estimated future net revenue from proved reserves (based on prices and costs at the balance sheet date) plus the cost (net of impairments) of unproved properties. The total capitalized costs less accumulated depletion and depreciation, site restoration provision and future income taxes of all cost centres is further limited to an amount equal to the future net revenue from proved reserves plus the cost (net of impairments) of unproved properties of all cost centres less estimated future site restoration costs, general and administrative expenses, financing costs and income taxes. | |||
Proceeds from the sale of oil and natural gas properties are applied against capitalized costs, with no gain or loss recognized, unless such a sale would significantly alter the rate of depletion and depreciation. | |||
(f) | Asset Retirement Obligations | ||
The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development, and/or normal use of the long-lived assets. The Company also records a corresponding asset which is amortized over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time (accretion expense) and changes in the estimated future cash flows underlying the obligation (asset retirement cost). The Company does not have any significant asset retirement obligations. | |||
(g) | Financial Instruments and Fair Value Measures | ||
ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: | |||
Level 1 | |||
Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | |||
Level 2 | |||
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | |||
Level 3 | |||
Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | |||
The Company’s financial instruments consist principally of cash, amounts receivable, amounts due from a related party, and accounts payable and accrued liabilities. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. | |||
(h) | Revenue Recognition | ||
The Company recognizes oil and gas revenue when production is sold to a purchaser at a fixed or determinable price, when delivery has occurred and title has transferred, and if collectability of the revenue is reasonably assured. | |||
(i) | Income Taxes | ||
The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. | |||
As of December 31, 2013 and 2012, the Company did not have any amounts recorded pertaining to uncertain tax positions. The Company recognizes interest and penalties related to uncertain tax positions in general and administrative expense. | |||
(j) | Foreign Currency Translation | ||
The Company’s functional and reporting currency is the US dollar. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations. | |||
The Company’s integrated foreign subsidiary is financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non- monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in the statement of operations. | |||
(k) | Stock-based Compensation | ||
The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. | |||
The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of operations over the requisite service period. | |||
(l) | Loss Per Share | ||
The Company computes loss per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing the loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at December 31, 2013, the Company had 12,800,000 (2012 – 300,000) potentially dilutive shares outstanding. | |||
(m) | Comprehensive Loss | ||
Comprehensive loss consists of net loss and other related gains and losses affecting stockholders’ equity that are excluded from net income or loss. As at December 31, 2013 and 2012, the Company had no items impacting comprehensive loss. | |||
(n) | Reclassifications | ||
Certain reclassifications have been made to the prior year’s financial statements to conform to the current year’s presentation. | |||
(o) | Recent Accounting Pronouncements | ||
The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Sale_of_Park_Place_Energy_Cana
Sale of Park Place Energy (Canada) Inc. | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Sale of Park Place Energy (Canada) Inc. [Text Block] | ' | ||||
3 | Sale of Park Place Energy (Canada) Inc. | ||||
On December 30, 2013, the Company completed the sale of its wholly owned subsidiary Park Place Energy (Canada) Inc. to a non-related party for proceeds of $10 resulting in a gain on sale of subsidiary of $19,775. | |||||
$ | |||||
Property and equipment | (3,364 | ) | |||
Accounts payable | 23,129 | ||||
Net assets sold | 19,765 | ||||
Cash proceeds received | 10 | ||||
Gain on sale of subsidiary | 19,775 |
Oil_and_Gas_Properties
Oil and Gas Properties | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Oil and Gas Properties [Text Block] | ' | |||||||
4 | Oil and Gas Properties | |||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Unproven properties Bulgaria | 1,206,201 | 344,837 | ||||||
The Company holds a 99,205 acre oil and gas exploration claim in the Dobroudja Basin located in northeast Bulgaria (the “Block”). The Company intends to conduct exploration for natural gas and test production activities over a five year period in accordance with or exceeding its minimum work program obligation, which includes five wells, and additional testing and work. The Company intends to commence its work program efforts in 2014. |
Common_Stock
Common Stock | 12 Months Ended | ||
Dec. 31, 2013 | |||
Common Stock [Text Block] | ' | ||
5 | Common Stock | ||
(a) | On January 14, 2013, the Company increased its authorized capital to 250,000,000 shares of common stock with no change in par value. | ||
(b) | On May 1, 2013, the Company issued 200,000 shares of common stock with a fair value of $12,000 for consulting fees which was recorded in oil and gas properties. | ||
(c) | On May 22, 2013, the Company issued 75,866 shares of common stock with a fair value of $9,104 to settle accounts payable of $5,690 to a company controlled by a director of the Company. This resulted in a loss on settlement of debt of $3,414. | ||
(d) | On August 19, 2013, the Company issued 120,000 shares of common stock with a fair value of $9,600 for consulting fees which was recorded in oil and gas properties. | ||
(e) | On August 30, 2013, the Company issued 11,000,000 units at a price of $0.10 per unit for proceeds of $1,100,000. Each unit consisted of one share of common stock and one share purchase warrant exercisable at a price of $0.20 per share expiring on August 29, 2016. | ||
(f) | As at December 31, 2013, the Company had received subscriptions for 766,430 shares of common stock at a price of $0.20 per share for proceeds of $153,286, which is included in stock subscriptions received. Refer to Note 14(d). |
Stock_Options
Stock Options | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Stock Options [Text Block] | ' | ||||||||||||||||
6 | Stock Options | ||||||||||||||||
The Company has issued stock options pursuant to two stock option plans, the 2013 Long-term Incentive Plan “the 2013 LTIP” and the 2011 Stock Option Plan (which was replaced by the 2013 LTIP). Under the 2013 LTIP, the total number of authorized options which may be granted is up to a total of 10% of the total number of shares of common stock issued and outstanding of the company on a rolling basis. Under the 2013 LTIP, the exercise price of each option shall not be less than the market price of the Company’s stock as calculated immediately preceding the day of the grant. The vesting schedule for each option shall be specified by the Board of Directors at the time of grant. The maximum term of options granted is ten years or such lesser time as determined by the Company at the time of grant. | |||||||||||||||||
The following table summarizes the continuity of the Company’s stock options: | |||||||||||||||||
Weighted | |||||||||||||||||
average | Aggregate | ||||||||||||||||
exercise | intrinsic | ||||||||||||||||
Number | price | value | |||||||||||||||
of options | $ | $ | |||||||||||||||
Outstanding, December 31, 2011 | 594,881 | 0.3 | |||||||||||||||
Expired | (294,881 | ) | 0.51 | ||||||||||||||
Outstanding, December 31, 2012 | 300,000 | 0.1 | |||||||||||||||
Granted | 1,500,000 | 0.16 | |||||||||||||||
Outstanding, December 31, 2013 | 1,800,000 | 0.15 | 132,000 | ||||||||||||||
Additional information regarding stock options as of December 31, 2013, is as follows: | |||||||||||||||||
Outstanding | Exercisable | ||||||||||||||||
Weighted | |||||||||||||||||
average | Weighted | Weighted | |||||||||||||||
Range of | remaining | average | average | ||||||||||||||
exercise prices | Number of | contractual life | exercise price | Number of | exercise price | ||||||||||||
$ | shares | (years) | $ | shares | $ | ||||||||||||
0.1 | 1,100,000 | 5.8 | 0.1 | 1,000,000 | 0.1 | ||||||||||||
0.23 | 700,000 | 2.8 | 0.23 | 675,000 | 0.23 | ||||||||||||
1,800,000 | 3.4 | 0.15 | 1,675,000 | 0.15 | |||||||||||||
The fair values for stock options granted have been estimated using the Black-Scholes option pricing model assuming no expected dividends and the following weighted average assumptions: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Risk-free interest rate | 0.91% | – | |||||||||||||||
Expected life (in years) | 3.8 | – | |||||||||||||||
Expected volatility | 188% | – | |||||||||||||||
The fair value of stock options vested during the year ended December 31, 2013 was $212,103 (2012 – $nil) which was recorded as stock-based compensation and charged to operations. The weighted average fair value of stock options granted during the year ended December 31, 2013 was $0.15 (2012 – $nil) per option. |
Share_Purchase_Warrants
Share Purchase Warrants | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Share Purchase Warrants [Text Block] | ' | |||||||
7 | Share Purchase Warrants | |||||||
The following table summarizes the continuity of share purchase warrants: | ||||||||
Weighted | ||||||||
average | ||||||||
exercise | ||||||||
Number of | price | |||||||
warrants | $ | |||||||
Balance, December 31, 2011 | 254,523 | 0.27 | ||||||
Expired | (254,523 | ) | 0.27 | |||||
Balance, December 31, 2012 | – | – | ||||||
Issued | 11,000,000 | 0.2 | ||||||
Balance December 31, 2013 | 11,000,000 | 0.2 | ||||||
As at December 31, 2013, the following share purchase warrants were outstanding: | ||||||||
Number of | Exercise | |||||||
warrants | price | |||||||
outstanding | $ | Expiry date | ||||||
11,000,000 | 0.2 | 29-Aug-16 |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | ||
Dec. 31, 2013 | |||
Related Party Transactions [Text Block] | ' | ||
8 | Related Party Transactions | ||
(a) | During the year ended December 31, 2013, the Company incurred management and consulting fees of $13,000 (2012 – $48,000) to a company controlled by the former President of the Company. As at December 31, 2013, the amount of $nil (2012 – $700) is due from a company controlled by the former President of the Company which is non-interest bearing, unsecured, and due on demand. | ||
(b) | During the year ended December 31, 2013, the Company incurred oil and gas consulting costs of $29,250 (2012 – $nil) and management fees of $22,750 (2012 – $nil) to a company controlled by the President of the Company, of which $13,773 (2012 – $nil) was included in accounts payable and accrued liabilities as at December 31, 2013. The amount owing is non-interest bearing, unsecured, and due on demand. | ||
(c) | During the year ended December 31, 2013, the Company incurred wages of $20,879 (2012 – $nil) to the Chief Financial Officer of the Company. | ||
(d) | During the year ended December 31, 2013, the Company incurred management and consulting fees of $16,813 (2012 – $nil) to the Corporate Secretary, of which $7,250 (2012 – $nil) was included in accounts payable and accrued liabilities as at December 31, 2013. The amount owing is non-interest bearing, unsecured, and due on demand. | ||
(e) | During the year ended December 31, 2013, the Company incurred oil and gas consulting costs of $71,765 (2012 – $nil) to a company controlled by the Vice President of Exploration of the Company. | ||
(f) | During the year ended December 31, 2013, the Company incurred accounting fees of $11,273 (2012 – $nil) to a company controlled by the Treasurer of the Company. | ||
(g) | As at December 31, 2013, the Company owed $nil (2012 – $5,690) to a company controlled by a director of the Company which is included in accounts payable and accrued liabilities. This amount owing is non- interest bearing, unsecured, and due on demand. Refer to Note 5(c). | ||
(h) | During the year ended December 31, 2013, the Company granted 700,000 stock options with a fair value of $136,319 to officers and directors of the Company. |
Commitments
Commitments | 12 Months Ended | ||
Dec. 31, 2013 | |||
Commitments [Text Block] | ' | ||
9 | Commitments | ||
(a) | On July 1, 2013, the Company entered into an agreement with a company controlled by the Treasurer of the Company whereby the Company is to pay Cdn$1,000 per month during each month in 2013, Cdn$2,000 per month during each month in 2014, an additional Cdn$1,000 per month during months where quarterly or annual financial statements are required, for a period of one year effective July 1, 2013. The term will renew on a month-to-month basis thereafter. | ||
(b) | On September 1, 2013, the Company entered into an agreement with a consultant whereby the Company is to pay the consultant Cdn$7,500 per month, increasing to Cdn$10,000 per month when the Company raises at least Cdn$10,000,000 in financing, for a period of two years. The Company has the right to terminate this agreement after the expiration of one year if the Company has not secured a financing of at least Cdn$10,000,000 during the first year of this agreement. | ||
(c) | On September 20, 2013, the Company entered into an agreement with a consultant whereby the Company is to pay the consultant $1,800 per calendar day for services provided. A calendar day will be broken into quarter days where less than a full working calendar day is spent providing services. 50% of the consultant fee is discounted and deferred, and will be payable if the Company has completed financing of $10,000,000 before August 31, 2014. The Company is to pay the consultant $1,500 per calendar day starting the calendar day after at least $10,000,000 of financing has been completed by the Company or on September 1, 2014, whichever shall occur first. | ||
(d) | On November 1, 2013, the Company entered into an agreement with the President of the Company and a company controlled by the President of the Company whereby the Company is to pay $13,000 per month for a period of two years effective September 1, 2013. The term will renew on a month-to-month basis thereafter. For the period following the month during which at least $10,000,000 of financing has been completed by the Company not later than September 1, 2014, the monthly payment increases to $18,000 per month. The President would also be issued 300,000 fully vested restricted stock units which will be subject to a minimum two year hold period upon completion of this financing. The Company will issue the President 100,000 fully vested restricted stock units upon each anniversary of this agreement dated upon completion of the financing so long as the agreement remains in effect. If the Company completes any additional cash financing of $10,000,000 or more in addition to the first $10,000,000, the Company will issue the President 250,000 fully vested restricted stock units upon the first subsequent capital raise and 200,000 upon completion of a second subsequent capital raise. The Company granted the President 400,000 stock options exercisable at $0.23 per share expiring on October 31, 2016. |
Supplementary_Cash_Flow_Inform
Supplementary Cash Flow Information | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Supplementary Cash Flow Information [Text Block] | ' | ||||||||||
10 | Supplementary Cash Flow Information | ||||||||||
Accumulated from | |||||||||||
May 4, 2006 (date | |||||||||||
Year ended | Year ended | of inception) to | |||||||||
December 31, | December 31, | December 31. | |||||||||
2013 | 2012 | 2013 | |||||||||
$ | $ | $ | |||||||||
Non-cash investing and financing activities: | |||||||||||
Common stock issued to settle debt | 9,104 | – | 616,295 | ||||||||
Common stock issued for oil and gas properties expenditures | 21,600 | – | 21,600 | ||||||||
Common stock issued for conversion of note payable and interest | – | – | 307,500 | ||||||||
Marketable securities received for assignment of oil and gas interest | – | – | 75,000 | ||||||||
Supplemental disclosures: | |||||||||||
Interest paid | – | – | – | ||||||||
Income taxes paid | – | – | – |
Segmented_Information
Segmented Information | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Segmented Information [Text Block] | ' | ||||||||||
11 | Segmented Information | ||||||||||
The Company’s operations are in the resource industry in Canada and Bulgaria. Geographical information is as follows: | |||||||||||
31-Dec-13 | Canada | Bulgaria | Total | ||||||||
$ | $ | $ | |||||||||
Restricted cash | 2,300 | – | 2,300 | ||||||||
Oil and gas properties | – | 1,206,201 | 1,206,201 | ||||||||
31-Dec-12 | Canada | Bulgaria | Total | ||||||||
$ | $ | $ | |||||||||
Revenue | 4,503 | – | 4,503 | ||||||||
Restricted cash | 8,625 | – | 8,625 | ||||||||
Property and equipment | 4,735 | – | 4,735 | ||||||||
Oil and gas properties | – | 344,837 | 344,837 |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Income Taxes [Text Block] | ' | |||||||
12 | Income Taxes | |||||||
The Company has net operating losses carried forward of $3,853,422 available to offset taxable income in future years which expires beginning in fiscal 2027. | ||||||||
The Company is subject to United States federal and state income taxes at a rate of 34%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: | ||||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Income tax recovery at statutory rate | (234,786 | ) | (88,656 | ) | ||||
Permanent differences and other | 88,366 | (99 | ) | |||||
Removal of losses from disposal of subsidiary | 3,199,681 | – | ||||||
Valuation allowance change | (3,053,261 | ) | 88,755 | |||||
Income tax provision | – | – | ||||||
The significant components of deferred income tax assets and liabilities as at December 31, 2013 and 2012 are as follows: | ||||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Net operating losses carried forward | 1,309,952 | 2,541,180 | ||||||
Oil and gas properties | 125,566 | 1,945,388 | ||||||
Property and equipment | 377 | 2,588 | ||||||
Total deferred income tax assets | 1,435,895 | 4,489,156 | ||||||
Valuation allowance | (1,435,895 | ) | (4,489,156 | ) | ||||
Net deferred income tax asset | – | – |
Change_in_Reporting_Currency
Change in Reporting Currency | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Change in Reporting Currency [Text Block] | ' | ||||||||||
13 | Change in Reporting Currency | ||||||||||
On December 31, 2013, the Company changed its reporting currency from Canadian dollars to US dollars. In preparing the Company’s prior year comparative balances in US dollars, the Company has adjusted amounts previously reported in the financial statements in Canadian dollars. The changes made to the consolidated balance sheet as at December 31, 2012 and the related consolidated statements of operations and cash flows for the year then ended are shown below. | |||||||||||
(a) | Reconciliation of consolidated balance sheet as at December 31, 2012: | ||||||||||
Effect of change | |||||||||||
As previously | in reporting | Revised | |||||||||
reported | currency | amount | |||||||||
Cdn$ | $ | US$ | |||||||||
ASSETS | |||||||||||
Current assets | |||||||||||
Cash | 12,181 | (51 | ) | 12,130 | |||||||
Amounts receivable | 4,812 | (20 | ) | 4,792 | |||||||
Prepaid expenses and deposits | 14,031 | (59 | ) | 13,972 | |||||||
Due from related party | 700 | – | 700 | ||||||||
Total current assets | 31,724 | (130 | ) | 31,594 | |||||||
Restricted cash | 8,661 | (36 | ) | 8,625 | |||||||
Property and equipment | 4,951 | (216 | ) | 4,735 | |||||||
Oil and gas properties | 346,291 | (1,454 | ) | 344,837 | |||||||
Total assets | 391,627 | (1,836 | ) | 389,791 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current liabilities | |||||||||||
Accounts payable and accrued liabilities | 56,484 | (1,285 | ) | 55,199 | |||||||
Total liabilities | 56,484 | (1,285 | ) | 55,199 | |||||||
Stockholders’ equity | |||||||||||
Common stock | 212 | (5 | ) | 207 | |||||||
Additional paid-in capital | 12,811,461 | (405,396 | ) | 12,406,065 | |||||||
Accumulated other comprehensive income | 195,247 | (195,247 | ) | – | |||||||
Deficit accumulated during the exploration stage | (12,671,777 | ) | 600,097 | (12,071,680 | ) | ||||||
Total stockholders’ equity | 335,143 | (551 | ) | 334,592 | |||||||
Total liabilities and stockholders’ equity | 391,627 | (1,836 | ) | 389,791 | |||||||
(b) | Reconciliation of statement of operations for the year ended December 31, 2012: | ||||||||||
Effect of change | |||||||||||
in reporting | |||||||||||
As previously | currency and | Revised | |||||||||
reported | reclassifications | amount | |||||||||
Cdn$ | $ | US$ | |||||||||
Oil and gas revenue | 4,506 | (3 | ) | 4,503 | |||||||
Total direct costs | 3,463 | (1 | ) | 3,462 | |||||||
Gross profit | 1,043 | (2 | ) | 1,041 | |||||||
Expenses | |||||||||||
Consulting | 59,005 | (59,005 | ) | – | |||||||
Depreciation | 1,805 | (63 | ) | 1,742 | |||||||
Foreign exchange gain | (5,379 | ) | (1,097 | ) | (6,476 | ) | |||||
General and administrative | – | 266,527 | 266,527 | ||||||||
Insurance | 19,776 | (19,776 | ) | – | |||||||
Investor relations | 2,074 | (2,074 | ) | – | |||||||
Management fees | 48,024 | (48,024 | ) | – | |||||||
Office and general | 34,062 | (34,062 | ) | – | |||||||
Professional fees | 78,659 | (78,659 | ) | – | |||||||
Travel | 25,479 | (25,479 | ) | – | |||||||
Total expenses | 263,505 | (1,712 | ) | 261,793 | |||||||
Net loss for the period | (262,462 | ) | 1,710 | (260,752 | ) | ||||||
Other comprehensive income (loss) | |||||||||||
Foreign currency translation adjustment | (323 | ) | 323 | – | |||||||
Comprehensive loss | (262,785 | ) | 2,033 | (260,752 | ) | ||||||
(c) | Reconciliation of statement of operations for the period from May 4, 2006 (date of inception) to December 31, 2012: | ||||||||||
Effect of change | |||||||||||
in reporting | |||||||||||
As previously | currency and | Revised | |||||||||
reported | reclassifications | amount | |||||||||
Cdn$ | $ | US$ | |||||||||
Oil and gas revenue | 1,653,688 | (121,623 | ) | 1,532,065 | |||||||
Direct costs | |||||||||||
Depletion | 1,256,066 | (85,566 | ) | 1,170,500 | |||||||
Production costs | 1,167,045 | (85,622 | ) | 1,081,423 | |||||||
Total direct costs | 2,423,111 | (171,188 | ) | 2,251,923 | |||||||
Gross profit | (769,423 | ) | 49,565 | (719,858 | ) | ||||||
Expenses | |||||||||||
Consulting | 2,012,642 | (2,012,642 | ) | – | |||||||
Depreciation | 8,045 | (434 | ) | 7,611 | |||||||
Exploration costs | 308,534 | 10,805 | 319,339 | ||||||||
Foreign exchange loss (gain) | 129,269 | 259,414 | 388,683 | ||||||||
Impairment of oil and gas costs | 4,304,265 | (292,702 | ) | 4,011,563 | |||||||
General and administrative | – | 7,208,803 | 7,208,803 | ||||||||
Insurance | 26,565 | (26,565 | ) | – | |||||||
Investor relations | 910,721 | (910,721 | ) | – | |||||||
Management fees | 725,527 | (725,527 | ) | – | |||||||
Office and general | 764,793 | (764,793 | ) | – | |||||||
Professional fees | 1,097,856 | (1,097,856 | ) | – | |||||||
Stock-based compensation | 2,014,106 | (2,014,106 | ) | – | |||||||
Travel | 229,178 | (229,178 | ) | – | |||||||
Total expenses | 12,531,501 | (595,502 | ) | 11,935,999 | |||||||
Loss before other income (expense) | (13,300,924 | ) | 645,067 | (12,655,857 | ) | ||||||
Other income (expense) | |||||||||||
Accretion of discount on convertible note payable | (146,205 | ) | (3,795 | ) | (150,000 | ) | |||||
Gain on marketable securities | 4,635 | (167 | ) | 4,468 | |||||||
Gain on sale of oil and gas properties | 381,166 | (96,317 | ) | 284,849 | |||||||
Gain on settlement of debt | 346,663 | (18,598 | ) | 328,065 | |||||||
Interest and other revenue | 109,705 | (14,132 | ) | 95,573 | |||||||
Interest expense | (7,862 | ) | 7,862 | – | |||||||
Loss on sale of oil and gas properties | (53,869 | ) | 53,869 | – | |||||||
Loss on write-down of promissory note | (254,997 | ) | 15,942 | (239,055 | ) | ||||||
Total other income (expense) | 379,236 | (55,336 | ) | 323,900 | |||||||
Loss before income taxes | (12,921,688 | ) | 589,731 | (12,331,957 | ) | ||||||
Deferred income tax recovery | 291,060 | 5,326 | 296,386 | ||||||||
Net loss for the period | (12,630,628 | ) | 595,057 | (12,035,571 | ) | ||||||
Other comprehensive income (loss) | |||||||||||
Foreign currency translation adjustment | 204,683 | (204,683 | ) | – | |||||||
Comprehensive loss | (12,425,945 | ) | 390,374 | (12,035,571 | ) | ||||||
(d) | Reconciliation of statement of cash flows for the year ended December 31, 2012: | ||||||||||
Effect of change | |||||||||||
As previously | in reporting | Revised | |||||||||
reported | currency | amount | |||||||||
Cdn$ | $ | US$ | |||||||||
Operating activities | |||||||||||
Net loss for the period | (262,462 | ) | 1,710 | (260,752 | ) | ||||||
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||||
Depreciation | 1,805 | (63 | ) | 1,742 | |||||||
Changes in operating assets and liabilities: | |||||||||||
Amounts receivable | 10,834 | 285 | 11,119 | ||||||||
Prepaid expenses and deposits | 3,527 | 59 | 3,586 | ||||||||
Accounts payable and accrued liabilities | (4,844 | ) | (2,326 | ) | (7,170 | ) | |||||
Due from related party | 2,500 | 54 | 2,554 | ||||||||
Net cash used in operating activities | (248,640 | ) | (281 | ) | (248,921 | ) | |||||
Investing activities | |||||||||||
Restricted cash | (8,661 | ) | 36 | (8,625 | ) | ||||||
Oil and gas properties expenditures | (169,919 | ) | (286 | ) | (170,205 | ) | |||||
Net cash used in investing activities | (178,580 | ) | (250 | ) | (178,830 | ) | |||||
Effect of exchange rate changes on cash | 6,866 | (6,866 | ) | – | |||||||
Change in cash | (420,354 | ) | (7,397 | ) | (427,751 | ) | |||||
Cash, beginning of period | 432,535 | 7,346 | 439,881 | ||||||||
Cash, end of period | 12,181 | (51 | ) | 12,130 | |||||||
(e) | Reconciliation of statement of cash flows for the period from May 4, 2006 (date of inception) to December 31, 2012: | ||||||||||
Effect of change | |||||||||||
in reporting | |||||||||||
As previously | currency and | Revised | |||||||||
reported | reclassifications | amount | |||||||||
Cdn$ | $ | US$ | |||||||||
Operating activities | |||||||||||
Net loss for the period | (12,630,628 | ) | 595,057 | (12,035,571 | ) | ||||||
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||||
Accretion of discount on convertible note payable | 146,205 | 3,795 | 150,000 | ||||||||
Deferred income tax recovery | (291,060 | ) | (5,326 | ) | (296,386 | ) | |||||
Depletion | 1,256,066 | (85,566 | ) | 1,170,500 | |||||||
Depreciation | 8,045 | (434 | ) | 7,611 | |||||||
Gain on sale of marketable securities | (4,635 | ) | 167 | (4,468 | ) | ||||||
Gain on sale of oil and gas properties | (381,166 | ) | 96,317 | (284,849 | ) | ||||||
Gain on settlement of debt | (346,663 | ) | 18,598 | (328,065 | ) | ||||||
Impairment of oil and gas costs | 2,984,236 | 1,027,327 | 4,011,563 | ||||||||
Interest accrued on notes payable | 20,392 | (20,392 | ) | – | |||||||
Loss on write-down of promissory note | – | 239,055 | 239,055 | ||||||||
Shares and warrants issued for services | 895,760 | (895,760 | ) | – | |||||||
Stock-based compensation | 2,014,106 | 706,985 | 2,721,091 | ||||||||
Write-off of exploration advances | 37,558 | (37,558 | ) | – | |||||||
Changes in operating assets and liabilities: | |||||||||||
Amounts receivable | (4,812 | ) | 376 | (4,436 | ) | ||||||
Prepaid expenses and deposits | (14,071 | ) | 99 | (13,972 | ) | ||||||
Accounts payable and accrued liabilities | 1,016,436 | (5,289 | ) | 1,011,147 | |||||||
Due from related party | 64,749 | 89,555 | 154,304 | ||||||||
Net cash used in operating activities | (5,229,482 | ) | 1,727,006 | (3,502,476 | ) | ||||||
Investing activities | |||||||||||
Cash acquired through recapitalization | 320 | (15 | ) | 305 | |||||||
Restricted cash | (8,661 | ) | 36 | (8,625 | ) | ||||||
Exploration advances | (270,919 | ) | 270,919 | – | |||||||
Loan receivable | (572,000 | ) | 42,000 | (530,000 | ) | ||||||
Proceeds from sale of oil and gas properties | 50,000 | (1,805 | ) | 48,195 | |||||||
Proceeds from sale of marketable securities | 79,635 | (167 | ) | 79,468 | |||||||
Oil and gas properties expenditures | (4,098,450 | ) | (1,755,573 | ) | (5,854,023 | ) | |||||
Purchase of property and equipment | (13,008 | ) | 661 | (12,347 | ) | ||||||
Net cash used in investing activities | (4,833,083 | ) | (1,443,944 | ) | (6,277,027 | ) | |||||
Financing activities | |||||||||||
Proceeds from loans payable | 770,550 | 159,450 | 930,000 | ||||||||
Repayments of loans payable | – | (41,329 | ) | (41,329 | ) | ||||||
Proceeds from issuance of common stock | 9,094,933 | (177,844 | ) | 8,917,089 | |||||||
Repurchase of common stock | (15,028 | ) | 901 | (14,127 | ) | ||||||
Net cash provided by financing activities | 9,850,455 | (58,822 | ) | 9,791,633 | |||||||
Effect of exchange rate changes on cash | 224,291 | (224,291 | ) | – | |||||||
Change in cash | 12,181 | (51 | ) | 12,130 | |||||||
Cash, beginning of period | – | – | – | ||||||||
Cash, end of period | 12,181 | (51 | ) | 12,130 | |||||||
Non-cash investing and financing activities: | |||||||||||
Common stock issued to settle debt | 636,638 | (29,447 | ) | 607,191 | |||||||
Common stock issued for conversion of note payable and interest | 315,091 | (7,591 | ) | 307,500 | |||||||
Marketable securities received for assignment of oil and gas interest | 75,000 | – | 75,000 |
Subsequent_Event
Subsequent Event | 12 Months Ended | ||
Dec. 31, 2013 | |||
Subsequent Event [Text Block] | ' | ||
14 | Subsequent Events | ||
(a) | On January 2, 2014, the Company granted 150,000 stock options under the 2013 LTIP to directors of the Company. The stock options vest immediately and are exercisable at a price of $0.235 per share expiring on January 1, 2017. | ||
(b) | On January 13, 2014, the Company granted 100,000 stock options under the 2013 LTIP to the Corporate Secretary of the Company exercisable at a price of $0.20 per share until January 12, 2017. 50,000 of the options will vest immediately and the remaining 50,000 shall vest if the Company completes a capital raise of at least $10,000,000 on or before October 31, 2014, and if such condition is satisfied, the vesting date for the remaining 50,000 will be the date of the closing of the capital raise. | ||
(c) | On February 3, 2014, the Company entered into a consulting agreement in which it is to pay the consultant 11,000 GBP per month from February 1 to May 31, 2014, and 6,000 GBP per month from June 1 to December 31, 2014. As additional compensation for services to be rendered, the Company is to issue an additional 32,800 shares of common stock to the consultant. | ||
(d) | On March 5, 2014, the Company issued 4,516,430 shares of common stock at price of $0.20 per share for proceeds of $903,286, of which $153,286 was included in stock subscriptions received as at December 31, 2013. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Use of Estimates [Policy Text Block] | ' | ||
(b) | Use of Estimates | ||
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the estimated useful lives and recoverability of long-lived assets, impairment of oil and gas properties, fair value of stock-based compensation, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. | |||
Cash and Cash Equivalents [Policy Text Block] | ' | ||
(c) | Cash and Cash Equivalents | ||
The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. | |||
Long-lived Assets [Policy Text Block] | ' | ||
(d) | Long-lived Assets | ||
In accordance with ASC 360, “Property, Plant and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value, which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value. | |||
Oil and Gas Properties [Policy Text Block] | ' | ||
(e) | Oil and Gas Properties | ||
The Company follows the full cost method of accounting for oil and natural gas operations, whereby all costs of exploring for and developing oil and natural gas reserves are capitalized and accumulated in cost centres on a country-by-country basis. Costs include: licence and land acquisition costs, geological, engineering, geophysical, seismic and other data, carrying charges on non-productive properties and costs of drilling and completing both productive and non-productive wells. General and administrative costs which are associated with acquisition, exploration and development activities are capitalized. General and administrative costs are capitalized other than to the extent of the Company’s working interest in operated capital expenditure programs on which operator’s fees have been charged equivalent to standard industry operating agreements. | |||
The costs in each cost centre, including the costs of well equipment, are depleted and depreciated using the unit-of-production method based on the estimated proved reserves before royalties. The costs of acquiring and evaluating significant unproved properties are initially excluded from depletion calculations. These unevaluated properties are assessed periodically to ascertain whether impairment has occurred. When proved reserves are assigned or the property is considered to be impaired, the cost of the property or the amount of the impairment is added to costs subject to depletion. | |||
The capitalized costs less accumulated depletion and depreciation in each cost centre are limited to an amount equal to the estimated future net revenue from proved reserves (based on prices and costs at the balance sheet date) plus the cost (net of impairments) of unproved properties. The total capitalized costs less accumulated depletion and depreciation, site restoration provision and future income taxes of all cost centres is further limited to an amount equal to the future net revenue from proved reserves plus the cost (net of impairments) of unproved properties of all cost centres less estimated future site restoration costs, general and administrative expenses, financing costs and income taxes. | |||
Proceeds from the sale of oil and natural gas properties are applied against capitalized costs, with no gain or loss recognized, unless such a sale would significantly alter the rate of depletion and depreciation. | |||
Asset Retirement Obligations [Policy Text Block] | ' | ||
(f) | Asset Retirement Obligations | ||
The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development, and/or normal use of the long-lived assets. The Company also records a corresponding asset which is amortized over the life of the asset. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time (accretion expense) and changes in the estimated future cash flows underlying the obligation (asset retirement cost). The Company does not have any significant asset retirement obligations. | |||
Financial Instruments and Fair Value Measures [Policy Text Block] | ' | ||
(g) | Financial Instruments and Fair Value Measures | ||
ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: | |||
Level 1 | |||
Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. | |||
Level 2 | |||
Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. | |||
Level 3 | |||
Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. | |||
The Company’s financial instruments consist principally of cash, amounts receivable, amounts due from a related party, and accounts payable and accrued liabilities. Pursuant to ASC 820, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. | |||
Revenue Recognition [Policy Text Block] | ' | ||
(h) | Revenue Recognition | ||
The Company recognizes oil and gas revenue when production is sold to a purchaser at a fixed or determinable price, when delivery has occurred and title has transferred, and if collectability of the revenue is reasonably assured. | |||
Income Taxes [Policy Text Block] | ' | ||
(i) | Income Taxes | ||
The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. | |||
As of December 31, 2013 and 2012, the Company did not have any amounts recorded pertaining to uncertain tax positions. The Company recognizes interest and penalties related to uncertain tax positions in general and administrative expense. | |||
Foreign Currency Translation [Policy Text Block] | ' | ||
(j) | Foreign Currency Translation | ||
The Company’s functional and reporting currency is the US dollar. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into US dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations. | |||
The Company’s integrated foreign subsidiary is financially or operationally dependent on the Company. The Company uses the temporal method to translate the accounts of its integrated operations into US dollars. Monetary assets and liabilities are translated at the exchange rates in effect at the balance sheet date. Non- monetary assets and liabilities are translated at historical rates. Revenues and expenses are translated at average rates for the period, except for amortization, which is translated on the same basis as the related asset. The resulting exchange gains or losses are recognized in the statement of operations. | |||
Stock-based Compensation [Policy Text Block] | ' | ||
(k) | Stock-based Compensation | ||
The Company records stock-based compensation in accordance with ASC 718, “Compensation – Stock Compensation”, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. | |||
The Company uses the Black-Scholes option pricing model to calculate the fair value of stock-based awards. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of operations over the requisite service period. | |||
Loss Per Share [Policy Text Block] | ' | ||
(l) | Loss Per Share | ||
The Company computes loss per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing the loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at December 31, 2013, the Company had 12,800,000 (2012 – 300,000) potentially dilutive shares outstanding. | |||
Comprehensive Loss [Policy Text Block] | ' | ||
(m) | Comprehensive Loss | ||
Comprehensive loss consists of net loss and other related gains and losses affecting stockholders’ equity that are excluded from net income or loss. As at December 31, 2013 and 2012, the Company had no items impacting comprehensive loss. | |||
Reclassifications [Policy Text Block] | ' | ||
(n) | Reclassifications | ||
Certain reclassifications have been made to the prior year’s financial statements to conform to the current year’s presentation. | |||
Recent Accounting Pronouncements [Policy Text Block] | ' | ||
(o) | Recent Accounting Pronouncements | ||
The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Sale_of_Park_Place_Energy_Cana1
Sale of Park Place Energy (Canada) Inc. (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Schedules of Gain Loss on Sale of Subsidiary [Table Text Block] | ' | ||||
$ | |||||
Property and equipment | (3,364 | ) | |||
Accounts payable | 23,129 | ||||
Net assets sold | 19,765 | ||||
Cash proceeds received | 10 | ||||
Gain on sale of subsidiary | 19,775 |
Oil_and_Gas_Properties_Tables
Oil and Gas Properties (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Unproved Properties Disclosure [Table Text Block] | ' | |||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Unproven properties Bulgaria | 1,206,201 | 344,837 |
Stock_Options_Tables
Stock Options (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
Weighted | |||||||||||||||||
average | Aggregate | ||||||||||||||||
exercise | intrinsic | ||||||||||||||||
Number | price | value | |||||||||||||||
of options | $ | $ | |||||||||||||||
Outstanding, December 31, 2011 | 594,881 | 0.3 | |||||||||||||||
Expired | (294,881 | ) | 0.51 | ||||||||||||||
Outstanding, December 31, 2012 | 300,000 | 0.1 | |||||||||||||||
Granted | 1,500,000 | 0.16 | |||||||||||||||
Outstanding, December 31, 2013 | 1,800,000 | 0.15 | 132,000 | ||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | ||||||||||||||||
Outstanding | Exercisable | ||||||||||||||||
Weighted | |||||||||||||||||
average | Weighted | Weighted | |||||||||||||||
Range of | remaining | average | average | ||||||||||||||
exercise prices | Number of | contractual life | exercise price | Number of | exercise price | ||||||||||||
$ | shares | (years) | $ | shares | $ | ||||||||||||
0.1 | 1,100,000 | 5.8 | 0.1 | 1,000,000 | 0.1 | ||||||||||||
0.23 | 700,000 | 2.8 | 0.23 | 675,000 | 0.23 | ||||||||||||
1,800,000 | 3.4 | 0.15 | 1,675,000 | 0.15 | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Risk-free interest rate | 0.91% | – | |||||||||||||||
Expected life (in years) | 3.8 | – | |||||||||||||||
Expected volatility | 188% | – |
Share_Purchase_Warrants_Tables
Share Purchase Warrants (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block] | ' | |||||||
Weighted | ||||||||
average | ||||||||
exercise | ||||||||
Number of | price | |||||||
warrants | $ | |||||||
Balance, December 31, 2011 | 254,523 | 0.27 | ||||||
Expired | (254,523 | ) | 0.27 | |||||
Balance, December 31, 2012 | – | – | ||||||
Issued | 11,000,000 | 0.2 | ||||||
Balance December 31, 2013 | 11,000,000 | 0.2 | ||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | ' | |||||||
Number of | Exercise | |||||||
warrants | price | |||||||
outstanding | $ | Expiry date | ||||||
11,000,000 | 0.2 | 29-Aug-16 |
Supplementary_Cash_Flow_Inform1
Supplementary Cash Flow Information (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | ' | ||||||||||
Accumulated from | |||||||||||
May 4, 2006 (date | |||||||||||
Year ended | Year ended | of inception) to | |||||||||
December 31, | December 31, | December 31. | |||||||||
2013 | 2012 | 2013 | |||||||||
$ | $ | $ | |||||||||
Non-cash investing and financing activities: | |||||||||||
Common stock issued to settle debt | 9,104 | – | 616,295 | ||||||||
Common stock issued for oil and gas properties expenditures | 21,600 | – | 21,600 | ||||||||
Common stock issued for conversion of note payable and interest | – | – | 307,500 | ||||||||
Marketable securities received for assignment of oil and gas interest | – | – | 75,000 | ||||||||
Supplemental disclosures: | |||||||||||
Interest paid | – | – | – | ||||||||
Income taxes paid | – | – | – |
Segmented_Information_Tables
Segmented Information (Tables) | 12 Months Ended | |||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||||||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | ' | ||||||||||||||||||||
31-Dec-13 | Canada | Bulgaria | Total | 31-Dec-12 | Canada | Bulgaria | Total | |||||||||||||||
$ | $ | $ | $ | $ | $ | |||||||||||||||||
Restricted cash | 2,300 | – | 2,300 | Revenue | 4,503 | – | 4,503 | |||||||||||||||
Oil and gas properties | – | 1,206,201 | 1,206,201 | |||||||||||||||||||
Restricted cash | 8,625 | – | 8,625 | |||||||||||||||||||
Property and equipment | 4,735 | – | 4,735 | |||||||||||||||||||
Oil and gas properties | – | 344,837 | 344,837 |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Income tax recovery at statutory rate | (234,786 | ) | (88,656 | ) | ||||
Permanent differences and other | 88,366 | (99 | ) | |||||
Removal of losses from disposal of subsidiary | 3,199,681 | – | ||||||
Valuation allowance change | (3,053,261 | ) | 88,755 | |||||
Income tax provision | – | – | ||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Net operating losses carried forward | 1,309,952 | 2,541,180 | ||||||
Oil and gas properties | 125,566 | 1,945,388 | ||||||
Property and equipment | 377 | 2,588 | ||||||
Total deferred income tax assets | 1,435,895 | 4,489,156 | ||||||
Valuation allowance | (1,435,895 | ) | (4,489,156 | ) | ||||
Net deferred income tax asset | – | – |
Change_in_Reporting_Currency_T
Change in Reporting Currency (Tables) | 12 Months Ended | 80 Months Ended | ||||||||||||||||||||
Dec. 31, 2012 | Dec. 31, 2012 | |||||||||||||||||||||
Reconciliation of consolidated balance sheet as at December 31, 2012 [Table Text Block] | ' | ' | ||||||||||||||||||||
Effect of change | ||||||||||||||||||||||
As previously | in reporting | Revised | ||||||||||||||||||||
reported | currency | amount | ||||||||||||||||||||
Cdn$ | $ | US$ | ||||||||||||||||||||
ASSETS | ||||||||||||||||||||||
Current assets | ||||||||||||||||||||||
Cash | 12,181 | (51 | ) | 12,130 | ||||||||||||||||||
Amounts receivable | 4,812 | (20 | ) | 4,792 | ||||||||||||||||||
Prepaid expenses and deposits | 14,031 | (59 | ) | 13,972 | ||||||||||||||||||
Due from related party | 700 | – | 700 | |||||||||||||||||||
Total current assets | 31,724 | (130 | ) | 31,594 | ||||||||||||||||||
Restricted cash | 8,661 | (36 | ) | 8,625 | ||||||||||||||||||
Property and equipment | 4,951 | (216 | ) | 4,735 | ||||||||||||||||||
Oil and gas properties | 346,291 | (1,454 | ) | 344,837 | ||||||||||||||||||
Total assets | 391,627 | (1,836 | ) | 389,791 | ||||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||
Accounts payable and accrued liabilities | 56,484 | (1,285 | ) | 55,199 | ||||||||||||||||||
Total liabilities | 56,484 | (1,285 | ) | 55,199 | ||||||||||||||||||
Stockholders’ equity | ||||||||||||||||||||||
Common stock | 212 | (5 | ) | 207 | ||||||||||||||||||
Additional paid-in capital | 12,811,461 | (405,396 | ) | 12,406,065 | ||||||||||||||||||
Accumulated other comprehensive income | 195,247 | (195,247 | ) | – | ||||||||||||||||||
Deficit accumulated during the exploration stage | (12,671,777 | ) | 600,097 | (12,071,680 | ) | |||||||||||||||||
Total stockholders’ equity | 335,143 | (551 | ) | 334,592 | ||||||||||||||||||
Total liabilities and stockholders’ equity | 391,627 | (1,836 | ) | 389,791 | ||||||||||||||||||
Reconciliation of statement of operations for the year ended December 31, 2012 [Table Text Block] | ' | ' | ||||||||||||||||||||
Effect of change | Effect of change | |||||||||||||||||||||
in reporting | in reporting | |||||||||||||||||||||
As previously | currency and | Revised | As previously | currency and | Revised | |||||||||||||||||
reported | reclassifications | amount | reported | reclassifications | amount | |||||||||||||||||
Cdn$ | $ | US$ | Cdn$ | $ | US$ | |||||||||||||||||
Oil and gas revenue | 4,506 | (3 | ) | 4,503 | Oil and gas revenue | 1,653,688 | (121,623 | ) | 1,532,065 | |||||||||||||
Total direct costs | 3,463 | (1 | ) | 3,462 | Direct costs | |||||||||||||||||
Depletion | 1,256,066 | (85,566 | ) | 1,170,500 | ||||||||||||||||||
Gross profit | 1,043 | (2 | ) | 1,041 | Production costs | 1,167,045 | (85,622 | ) | 1,081,423 | |||||||||||||
Expenses | Total direct costs | 2,423,111 | (171,188 | ) | 2,251,923 | |||||||||||||||||
Consulting | 59,005 | (59,005 | ) | – | Gross profit | (769,423 | ) | 49,565 | (719,858 | ) | ||||||||||||
Depreciation | 1,805 | (63 | ) | 1,742 | ||||||||||||||||||
Foreign exchange gain | (5,379 | ) | (1,097 | ) | (6,476 | ) | Expenses | |||||||||||||||
General and administrative | – | 266,527 | 266,527 | |||||||||||||||||||
Insurance | 19,776 | (19,776 | ) | – | Consulting | 2,012,642 | (2,012,642 | ) | – | |||||||||||||
Investor relations | 2,074 | (2,074 | ) | – | Depreciation | 8,045 | (434 | ) | 7,611 | |||||||||||||
Management fees | 48,024 | (48,024 | ) | – | Exploration costs | 308,534 | 10,805 | 319,339 | ||||||||||||||
Office and general | 34,062 | (34,062 | ) | – | Foreign exchange loss (gain) | 129,269 | 259,414 | 388,683 | ||||||||||||||
Professional fees | 78,659 | (78,659 | ) | – | Impairment of oil and gas costs | 4,304,265 | (292,702 | ) | 4,011,563 | |||||||||||||
Travel | 25,479 | (25,479 | ) | – | General and administrative | – | 7,208,803 | 7,208,803 | ||||||||||||||
Insurance | 26,565 | (26,565 | ) | – | ||||||||||||||||||
Total expenses | 263,505 | (1,712 | ) | 261,793 | Investor relations | 910,721 | (910,721 | ) | – | |||||||||||||
Management fees | 725,527 | (725,527 | ) | – | ||||||||||||||||||
Net loss for the period | (262,462 | ) | 1,710 | (260,752 | ) | Office and general | 764,793 | (764,793 | ) | – | ||||||||||||
Professional fees | 1,097,856 | (1,097,856 | ) | – | ||||||||||||||||||
Other comprehensive income (loss) | Stock-based compensation | 2,014,106 | (2,014,106 | ) | – | |||||||||||||||||
Travel | 229,178 | (229,178 | ) | – | ||||||||||||||||||
Foreign currency translation adjustment | (323 | ) | 323 | – | ||||||||||||||||||
Total expenses | 12,531,501 | (595,502 | ) | 11,935,999 | ||||||||||||||||||
Comprehensive loss | (262,785 | ) | 2,033 | (260,752 | ) | |||||||||||||||||
Loss before other income (expense) | (13,300,924 | ) | 645,067 | (12,655,857 | ) | |||||||||||||||||
Other income (expense) | ||||||||||||||||||||||
Accretion of discount on convertible note payable | (146,205 | ) | (3,795 | ) | (150,000 | ) | ||||||||||||||||
Gain on marketable securities | 4,635 | (167 | ) | 4,468 | ||||||||||||||||||
Gain on sale of oil and gas properties | 381,166 | (96,317 | ) | 284,849 | ||||||||||||||||||
Gain on settlement of debt | 346,663 | (18,598 | ) | 328,065 | ||||||||||||||||||
Interest and other revenue | 109,705 | (14,132 | ) | 95,573 | ||||||||||||||||||
Interest expense | (7,862 | ) | 7,862 | – | ||||||||||||||||||
Loss on sale of oil and gas properties | (53,869 | ) | 53,869 | – | ||||||||||||||||||
Loss on write-down of promissory note | (254,997 | ) | 15,942 | (239,055 | ) | |||||||||||||||||
Total other income (expense) | 379,236 | (55,336 | ) | 323,900 | ||||||||||||||||||
Loss before income taxes | (12,921,688 | ) | 589,731 | (12,331,957 | ) | |||||||||||||||||
Deferred income tax recovery | 291,060 | 5,326 | 296,386 | |||||||||||||||||||
Net loss for the period | (12,630,628 | ) | 595,057 | (12,035,571 | ) | |||||||||||||||||
Other comprehensive income (loss) | ||||||||||||||||||||||
Foreign currency translation adjustment | 204,683 | (204,683 | ) | – | ||||||||||||||||||
Comprehensive loss | (12,425,945 | ) | 390,374 | (12,035,571 | ) | |||||||||||||||||
Reconciliation of statement of cash flows for the year ended December 31, 2012 [Table Text Block] | ' | ' | ||||||||||||||||||||
Effect of change | Effect of change | |||||||||||||||||||||
As previously | in reporting | Revised | in reporting | |||||||||||||||||||
reported | currency | amount | As previously | currency and | Revised | |||||||||||||||||
Cdn$ | $ | US$ | reported | reclassifications | amount | |||||||||||||||||
Operating activities | Cdn$ | $ | US$ | |||||||||||||||||||
Net loss for the period | (262,462 | ) | 1,710 | (260,752 | ) | |||||||||||||||||
Adjustments to reconcile net loss to net cash used in operating activities: | Operating activities | |||||||||||||||||||||
Depreciation | 1,805 | (63 | ) | 1,742 | ||||||||||||||||||
Changes in operating assets and liabilities: | Net loss for the period | (12,630,628 | ) | 595,057 | (12,035,571 | ) | ||||||||||||||||
Amounts receivable | 10,834 | 285 | 11,119 | |||||||||||||||||||
Prepaid expenses and deposits | 3,527 | 59 | 3,586 | Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||||||||
Accounts payable and accrued liabilities | (4,844 | ) | (2,326 | ) | (7,170 | ) | Accretion of discount on convertible note payable | 146,205 | 3,795 | 150,000 | ||||||||||||
Due from related party | 2,500 | 54 | 2,554 | Deferred income tax recovery | (291,060 | ) | (5,326 | ) | (296,386 | ) | ||||||||||||
Net cash used in operating activities | (248,640 | ) | (281 | ) | (248,921 | ) | Depletion | 1,256,066 | (85,566 | ) | 1,170,500 | |||||||||||
Investing activities | Depreciation | 8,045 | (434 | ) | 7,611 | |||||||||||||||||
Restricted cash | (8,661 | ) | 36 | (8,625 | ) | Gain on sale of marketable securities | (4,635 | ) | 167 | (4,468 | ) | |||||||||||
Oil and gas properties expenditures | (169,919 | ) | (286 | ) | (170,205 | ) | Gain on sale of oil and gas properties | (381,166 | ) | 96,317 | (284,849 | ) | ||||||||||
Net cash used in investing activities | (178,580 | ) | (250 | ) | (178,830 | ) | Gain on settlement of debt | (346,663 | ) | 18,598 | (328,065 | ) | ||||||||||
Effect of exchange rate changes on cash | 6,866 | (6,866 | ) | – | Impairment of oil and gas costs | 2,984,236 | 1,027,327 | 4,011,563 | ||||||||||||||
Change in cash | (420,354 | ) | (7,397 | ) | (427,751 | ) | Interest accrued on notes payable | 20,392 | (20,392 | ) | – | |||||||||||
Cash, beginning of period | 432,535 | 7,346 | 439,881 | Loss on write-down of promissory note | – | 239,055 | 239,055 | |||||||||||||||
Cash, end of period | 12,181 | (51 | ) | 12,130 | Shares and warrants issued for services | 895,760 | (895,760 | ) | – | |||||||||||||
Stock-based compensation | 2,014,106 | 706,985 | 2,721,091 | |||||||||||||||||||
Write-off of exploration advances | 37,558 | (37,558 | ) | – | ||||||||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||||||||
Amounts receivable | (4,812 | ) | 376 | (4,436 | ) | |||||||||||||||||
Prepaid expenses and deposits | (14,071 | ) | 99 | (13,972 | ) | |||||||||||||||||
Accounts payable and accrued liabilities | 1,016,436 | (5,289 | ) | 1,011,147 | ||||||||||||||||||
Due from related party | 64,749 | 89,555 | 154,304 | |||||||||||||||||||
Net cash used in operating activities | (5,229,482 | ) | 1,727,006 | (3,502,476 | ) | |||||||||||||||||
Investing activities | ||||||||||||||||||||||
Cash acquired through recapitalization | 320 | (15 | ) | 305 | ||||||||||||||||||
Restricted cash | (8,661 | ) | 36 | (8,625 | ) | |||||||||||||||||
Exploration advances | (270,919 | ) | 270,919 | – | ||||||||||||||||||
Loan receivable | (572,000 | ) | 42,000 | (530,000 | ) | |||||||||||||||||
Proceeds from sale of oil and gas properties | 50,000 | (1,805 | ) | 48,195 | ||||||||||||||||||
Proceeds from sale of marketable securities | 79,635 | (167 | ) | 79,468 | ||||||||||||||||||
Oil and gas properties expenditures | (4,098,450 | ) | (1,755,573 | ) | (5,854,023 | ) | ||||||||||||||||
Purchase of property and equipment | (13,008 | ) | 661 | (12,347 | ) | |||||||||||||||||
Net cash used in investing activities | (4,833,083 | ) | (1,443,944 | ) | (6,277,027 | ) | ||||||||||||||||
Financing activities | ||||||||||||||||||||||
Proceeds from loans payable | 770,550 | 159,450 | 930,000 | |||||||||||||||||||
Repayments of loans payable | – | (41,329 | ) | (41,329 | ) | |||||||||||||||||
Proceeds from issuance of common stock | 9,094,933 | (177,844 | ) | 8,917,089 | ||||||||||||||||||
Repurchase of common stock | (15,028 | ) | 901 | (14,127 | ) | |||||||||||||||||
Net cash provided by financing activities | 9,850,455 | (58,822 | ) | 9,791,633 | ||||||||||||||||||
Effect of exchange rate changes on cash | 224,291 | (224,291 | ) | – | ||||||||||||||||||
Change in cash | 12,181 | (51 | ) | 12,130 | ||||||||||||||||||
Cash, beginning of period | – | – | – | |||||||||||||||||||
Cash, end of period | 12,181 | (51 | ) | 12,130 | ||||||||||||||||||
Non-cash investing and financing activities: | ||||||||||||||||||||||
Common stock issued to settle debt | 636,638 | (29,447 | ) | 607,191 | ||||||||||||||||||
Common stock issued for conversion of note payable and interest | 315,091 | (7,591 | ) | 307,500 | ||||||||||||||||||
Marketable securities received for assignment of oil and gas interest | 75,000 | – | 75,000 |
Nature_of_Business_and_Continu1
Nature of Business and Continuance of Operations (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Nature Of Business And Continuance Of Operations 1 | $68,364 |
Nature Of Business And Continuance Of Operations 2 | $12,762,228 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Summary Of Significant Accounting Policies 1 | 12,800,000 |
Summary Of Significant Accounting Policies 2 | 300,000 |
Sale_of_Park_Place_Energy_Cana2
Sale of Park Place Energy (Canada) Inc. (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Sale Of Park Place Energy (canada) Inc. 1 | $10 |
Sale Of Park Place Energy (canada) Inc. 2 | $19,775 |
Oil_and_Gas_Properties_Narrati
Oil and Gas Properties (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Oil And Gas Properties 1 | 99,205 |
Common_Stock_Narrative_Details
Common Stock (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Common Stock 1 | 250,000,000 |
Common Stock 2 | 200,000 |
Common Stock 3 | $12,000 |
Common Stock 4 | 75,866 |
Common Stock 5 | 9,104 |
Common Stock 6 | 5,690 |
Common Stock 7 | 3,414 |
Common Stock 8 | 120,000 |
Common Stock 9 | 9,600 |
Common Stock 10 | 11,000,000 |
Common Stock 11 | $0.10 |
Common Stock 12 | 1,100,000 |
Common Stock 13 | $0.20 |
Common Stock 14 | 766,430 |
Common Stock 15 | $0.20 |
Common Stock 16 | $153,286 |
Stock_Options_Narrative_Detail
Stock Options (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Stock Options 1 | 10.00% |
Stock Options 2 | $212,103 |
Stock Options 3 | 0 |
Stock Options 4 | $0.15 |
Stock Options 5 | $0 |
Related_Party_Transactions_Nar
Related Party Transactions (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions 1 | $13,000 |
Related Party Transactions 2 | 48,000 |
Related Party Transactions 3 | 0 |
Related Party Transactions 4 | 700 |
Related Party Transactions 5 | 29,250 |
Related Party Transactions 6 | 0 |
Related Party Transactions 7 | 22,750 |
Related Party Transactions 8 | 0 |
Related Party Transactions 9 | 13,773 |
Related Party Transactions 10 | 0 |
Related Party Transactions 11 | 20,879 |
Related Party Transactions 12 | 0 |
Related Party Transactions 13 | 16,813 |
Related Party Transactions 14 | 0 |
Related Party Transactions 15 | 7,250 |
Related Party Transactions 16 | 0 |
Related Party Transactions 17 | 71,765 |
Related Party Transactions 18 | 0 |
Related Party Transactions 19 | 11,273 |
Related Party Transactions 20 | 0 |
Related Party Transactions 21 | 0 |
Related Party Transactions 22 | 5,690 |
Related Party Transactions 23 | 700,000 |
Related Party Transactions 24 | $136,319 |
Commitments_Narrative_Details
Commitments (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2013 | |
USD ($) | CAD | |
Commitments 1 | 1,000 | 1,000 |
Commitments 2 | 2,000 | 2,000 |
Commitments 3 | 1,000 | 1,000 |
Commitments 4 | 7,500 | 7,500 |
Commitments 5 | 10,000 | 10,000 |
Commitments 6 | ' | 10,000,000 |
Commitments 7 | ' | 10,000,000 |
Commitments 8 | 1,800 | ' |
Commitments 9 | 50.00% | 50.00% |
Commitments 10 | 10,000,000 | ' |
Commitments 11 | 1,500 | ' |
Commitments 12 | 10,000,000 | ' |
Commitments 13 | 13,000 | 13,000 |
Commitments 14 | 10,000,000 | ' |
Commitments 15 | 18,000 | 18,000 |
Commitments 16 | 300,000 | 300,000 |
Commitments 17 | 100,000 | 100,000 |
Commitments 18 | 10,000,000 | ' |
Commitments 19 | $10,000,000 | ' |
Commitments 20 | 250,000 | 250,000 |
Commitments 21 | 200,000 | 200,000 |
Commitments 22 | 400,000 | 400,000 |
Commitments 23 | $0.23 | ' |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Income Taxes 1 | $3,853,422 |
Income Taxes 2 | 34.00% |
Subsequent_Event_Narrative_Det
Subsequent Event (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Event 1 | 150,000 |
Subsequent Event 2 | $0.24 |
Subsequent Event 3 | 100,000 |
Subsequent Event 4 | $0.20 |
Subsequent Event 5 | 50,000 |
Subsequent Event 6 | 50,000 |
Subsequent Event 7 | $10,000,000 |
Subsequent Event 8 | 50,000 |
Subsequent Event 9 | 11,000 |
Subsequent Event 10 | 6,000 |
Subsequent Event 11 | 32,800 |
Subsequent Event 12 | 4,516,430 |
Subsequent Event 13 | $0.20 |
Subsequent Event 14 | 903,286 |
Subsequent Event 15 | $153,286 |
Schedules_of_Gain_Loss_on_Sale
Schedules of Gain Loss on Sale of Subsidiary (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Sale Of Park Place Energy (canada) Inc. Schedules Of Gain Loss On Sale Of Subsidiary 1 | ($3,364) |
Sale Of Park Place Energy (canada) Inc. Schedules Of Gain Loss On Sale Of Subsidiary 2 | 23,129 |
Sale Of Park Place Energy (canada) Inc. Schedules Of Gain Loss On Sale Of Subsidiary 3 | 19,765 |
Sale Of Park Place Energy (canada) Inc. Schedules Of Gain Loss On Sale Of Subsidiary 4 | 10 |
Sale Of Park Place Energy (canada) Inc. Schedules Of Gain Loss On Sale Of Subsidiary 5 | $19,775 |
Unproved_Properties_Disclosure
Unproved Properties Disclosure (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Oil And Gas Properties Unproved Properties Disclosure 1 | $1,206,201 |
Oil And Gas Properties Unproved Properties Disclosure 2 | $344,837 |
Schedule_of_Sharebased_Compens
Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 1 | $594,881 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 2 | 0.3 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 3 | -294,881 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 4 | 0.51 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 5 | 300,000 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 6 | 0.1 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 7 | 1,500,000 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 8 | 0.16 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 9 | 1,800,000 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 10 | 0.15 |
Stock Options Schedule Of Share-based Compensation, Stock Options, Activity 11 | $132,000 |
Disclosure_of_Sharebased_Compe
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 1 | 0.1 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 2 | $1,100,000 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 3 | 5.8 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 4 | 0.1 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 5 | 1,000,000 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 6 | 0.1 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 7 | 0.23 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 8 | 700,000 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 9 | 2.8 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 10 | 0.23 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 11 | 675,000 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 12 | 0.23 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 13 | 1,800,000 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 14 | 3.4 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 15 | 0.15 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 16 | $1,675,000 |
Stock Options Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 17 | 0.15 |
Schedule_of_Sharebased_Payment
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Stock Options Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 1 | 0.91% |
Stock Options Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 2 | $0 |
Stock Options Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 3 | 3.8 |
Stock Options Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 4 | 0 |
Stock Options Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 5 | 188.00% |
Stock Options Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 6 | $0 |
Schedule_of_Stockholders_Equit
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1 | $254,523 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2 | 0.27 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3 | -254,523 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4 | 0.27 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5 | 0 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6 | 0 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7 | 11,000,000 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8 | 0.2 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9 | $11,000,000 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10 | 0.2 |
Schedule_of_Stockholders_Equit1
Schedule of Stockholders' Equity Note, Warrants or Rights (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights 1 | $11,000,000 |
Share Purchase Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights 2 | 0.2 |
Schedule_of_Cash_Flow_Suppleme
Schedule of Cash Flow, Supplemental Disclosures (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 1 | $9,104 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 2 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 3 | 616,295 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 4 | 21,600 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 5 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 6 | 21,600 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 7 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 8 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 9 | 307,500 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 10 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 11 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 12 | 75,000 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 13 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 14 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 15 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 16 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 17 | 0 |
Supplementary Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 18 | $0 |
Schedule_of_Revenue_from_Exter
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 1 | $2,300 | ' |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 2 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 3 | 2,300 | ' |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 4 | 0 | ' |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 5 | 1,206,201 | ' |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 6 | 1,206,201 | ' |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 1 | ' | 4,503 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 2 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 3 | ' | 4,503 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 4 | ' | 8,625 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 5 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 6 | ' | 8,625 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 7 | ' | 4,735 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 8 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 9 | ' | 4,735 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 10 | ' | 0 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 11 | ' | 344,837 |
Segmented Information Schedule Of Revenue From External Customers And Long-lived Assets, By Geographical Areas 12 | ' | $344,837 |
Schedule_of_Components_of_Inco
Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 1 | ($234,786) |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 2 | -88,656 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 3 | 88,366 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 4 | -99 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 5 | 3,199,681 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 6 | 0 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 7 | -3,053,261 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 8 | 88,755 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 9 | 0 |
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) 10 | $0 |
Schedule_of_Deferred_Tax_Asset
Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1 | $1,309,952 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2 | 2,541,180 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3 | 125,566 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4 | 1,945,388 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5 | 377 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6 | 2,588 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 7 | 1,435,895 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 8 | 4,489,156 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 9 | -1,435,895 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 10 | -4,489,156 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 11 | 0 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 12 | $0 |
Reconciliation_of_consolidated
Reconciliation of consolidated balance sheet as at December 31, 2012 (Details) (USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 1 | $12,181 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 2 | -51 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 3 | 12,130 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 4 | 4,812 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 5 | -20 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 6 | 4,792 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 7 | 14,031 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 8 | -59 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 9 | 13,972 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 10 | 700 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 11 | 0 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 12 | 700 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 13 | 31,724 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 14 | -130 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 15 | 31,594 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 16 | 8,661 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 17 | -36 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 18 | 8,625 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 19 | 4,951 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 20 | -216 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 21 | 4,735 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 22 | 346,291 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 23 | -1,454 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 24 | 344,837 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 25 | 391,627 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 26 | -1,836 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 27 | 389,791 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 28 | 56,484 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 29 | -1,285 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 30 | 55,199 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 31 | 56,484 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 32 | -1,285 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 33 | 55,199 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 34 | 212 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 35 | -5 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 36 | 207 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 37 | 12,811,461 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 38 | -405,396 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 39 | 12,406,065 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 40 | 195,247 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 41 | -195,247 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 42 | 0 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 43 | -12,671,777 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 44 | 600,097 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 45 | -12,071,680 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 46 | 335,143 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 47 | -551 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 48 | 334,592 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 49 | 391,627 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 50 | -1,836 |
Change In Reporting Currency Reconciliation Of Consolidated Balance Sheet As At December 31, 2012 51 | $389,791 |
Reconciliation_of_statement_of
Reconciliation of statement of operations for the year ended December 31, 2012 (Details) (USD $) | 12 Months Ended | 80 Months Ended |
Dec. 31, 2012 | Dec. 31, 2012 | |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 1 | $4,506 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 2 | -3 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 3 | 4,503 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 4 | 3,463 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 5 | -1 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 6 | 3,462 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 7 | 1,043 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 8 | -2 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 9 | 1,041 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 10 | 59,005 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 11 | -59,005 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 12 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 13 | 1,805 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 14 | -63 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 15 | 1,742 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 16 | -5,379 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 17 | -1,097 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 18 | -6,476 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 19 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 20 | 266,527 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 21 | 266,527 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 22 | 19,776 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 23 | -19,776 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 24 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 25 | 2,074 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 26 | -2,074 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 27 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 28 | 48,024 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 29 | -48,024 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 30 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 31 | 34,062 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 32 | -34,062 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 33 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 34 | 78,659 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 35 | -78,659 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 36 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 37 | 25,479 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 38 | -25,479 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 39 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 40 | 263,505 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 41 | -1,712 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 42 | 261,793 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 43 | -262,462 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 44 | 1,710 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 45 | -260,752 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 46 | -323 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 47 | 323 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 48 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 49 | -262,785 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 50 | 2,033 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 51 | -260,752 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 1 | ' | 1,653,688 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 2 | ' | -121,623 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 3 | ' | 1,532,065 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 4 | ' | 1,256,066 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 5 | ' | -85,566 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 6 | ' | 1,170,500 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 7 | ' | 1,167,045 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 8 | ' | -85,622 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 9 | ' | 1,081,423 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 10 | ' | 2,423,111 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 11 | ' | -171,188 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 12 | ' | 2,251,923 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 13 | ' | -769,423 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 14 | ' | 49,565 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 15 | ' | -719,858 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 16 | ' | 2,012,642 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 17 | ' | -2,012,642 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 18 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 19 | ' | 8,045 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 20 | ' | -434 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 21 | ' | 7,611 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 22 | ' | 308,534 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 23 | ' | 10,805 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 24 | ' | 319,339 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 25 | ' | 129,269 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 26 | ' | 259,414 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 27 | ' | 388,683 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 28 | ' | 4,304,265 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 29 | ' | -292,702 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 30 | ' | 4,011,563 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 31 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 32 | ' | 7,208,803 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 33 | ' | 7,208,803 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 34 | ' | 26,565 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 35 | ' | -26,565 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 36 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 37 | ' | 910,721 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 38 | ' | -910,721 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 39 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 40 | ' | 725,527 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 41 | ' | -725,527 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 42 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 43 | ' | 764,793 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 44 | ' | -764,793 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 45 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 46 | ' | 1,097,856 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 47 | ' | -1,097,856 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 48 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 49 | ' | 2,014,106 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 50 | ' | -2,014,106 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 51 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 52 | ' | 229,178 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 53 | ' | -229,178 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 54 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 55 | ' | 12,531,501 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 56 | ' | -595,502 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 57 | ' | 11,935,999 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 58 | ' | -13,300,924 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 59 | ' | 645,067 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 60 | ' | -12,655,857 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 61 | ' | -146,205 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 62 | ' | -3,795 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 63 | ' | -150,000 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 64 | ' | 4,635 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 65 | ' | -167 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 66 | ' | 4,468 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 67 | ' | 381,166 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 68 | ' | -96,317 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 69 | ' | 284,849 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 70 | ' | 346,663 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 71 | ' | -18,598 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 72 | ' | 328,065 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 73 | ' | 109,705 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 74 | ' | -14,132 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 75 | ' | 95,573 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 76 | ' | -7,862 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 77 | ' | 7,862 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 78 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 79 | ' | -53,869 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 80 | ' | 53,869 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 81 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 82 | ' | -254,997 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 83 | ' | 15,942 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 84 | ' | -239,055 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 85 | ' | 379,236 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 86 | ' | -55,336 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 87 | ' | 323,900 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 88 | ' | -12,921,688 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 89 | ' | 589,731 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 90 | ' | -12,331,957 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 91 | ' | 291,060 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 92 | ' | 5,326 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 93 | ' | 296,386 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 94 | ' | -12,630,628 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 95 | ' | 595,057 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 96 | ' | -12,035,571 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 97 | ' | 204,683 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 98 | ' | -204,683 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 99 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 100 | ' | -12,425,945 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 101 | ' | 390,374 |
Change In Reporting Currency Reconciliation Of Statement Of Operations For The Year Ended December 31, 2012 102 | ' | ($12,035,571) |
Reconciliation_of_statement_of1
Reconciliation of statement of cash flows for the year ended December 31, 2012 (Details) (USD $) | 12 Months Ended | 80 Months Ended |
Dec. 31, 2012 | Dec. 31, 2012 | |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 1 | ($262,462) | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 2 | 1,710 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 3 | -260,752 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 4 | 1,805 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 5 | -63 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 6 | 1,742 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 7 | 10,834 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 8 | 285 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 9 | 11,119 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 10 | 3,527 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 11 | 59 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 12 | 3,586 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 13 | -4,844 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 14 | -2,326 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 15 | -7,170 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 16 | 2,500 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 17 | 54 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 18 | 2,554 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 19 | -248,640 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 20 | -281 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 21 | -248,921 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 22 | -8,661 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 23 | 36 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 24 | -8,625 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 25 | -169,919 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 26 | -286 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 27 | -170,205 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 28 | -178,580 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 29 | -250 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 30 | -178,830 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 31 | 6,866 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 32 | -6,866 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 33 | 0 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 34 | -420,354 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 35 | -7,397 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 36 | -427,751 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 37 | 432,535 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 38 | 7,346 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 39 | 439,881 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 40 | 12,181 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 41 | -51 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 42 | 12,130 | ' |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 1 | ' | -12,630,628 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 2 | ' | 595,057 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 3 | ' | -12,035,571 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 4 | ' | 146,205 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 5 | ' | 3,795 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 6 | ' | 150,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 7 | ' | -291,060 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 8 | ' | -5,326 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 9 | ' | -296,386 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 10 | ' | 1,256,066 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 11 | ' | -85,566 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 12 | ' | 1,170,500 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 13 | ' | 8,045 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 14 | ' | -434 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 15 | ' | 7,611 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 16 | ' | -4,635 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 17 | ' | 167 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 18 | ' | -4,468 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 19 | ' | -381,166 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 20 | ' | 96,317 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 21 | ' | -284,849 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 22 | ' | -346,663 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 23 | ' | 18,598 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 24 | ' | -328,065 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 25 | ' | 2,984,236 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 26 | ' | 1,027,327 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 27 | ' | 4,011,563 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 28 | ' | 20,392 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 29 | ' | -20,392 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 30 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 31 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 32 | ' | 239,055 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 33 | ' | 239,055 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 34 | ' | 895,760 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 35 | ' | -895,760 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 36 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 37 | ' | 2,014,106 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 38 | ' | 706,985 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 39 | ' | 2,721,091 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 40 | ' | 37,558 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 41 | ' | -37,558 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 42 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 43 | ' | -4,812 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 44 | ' | 376 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 45 | ' | -4,436 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 46 | ' | -14,071 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 47 | ' | 99 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 48 | ' | -13,972 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 49 | ' | 1,016,436 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 50 | ' | -5,289 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 51 | ' | 1,011,147 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 52 | ' | 64,749 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 53 | ' | 89,555 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 54 | ' | 154,304 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 55 | ' | -5,229,482 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 56 | ' | 1,727,006 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 57 | ' | -3,502,476 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 58 | ' | 320 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 59 | ' | -15 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 60 | ' | 305 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 61 | ' | -8,661 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 62 | ' | 36 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 63 | ' | -8,625 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 64 | ' | -270,919 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 65 | ' | 270,919 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 66 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 67 | ' | -572,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 68 | ' | 42,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 69 | ' | -530,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 70 | ' | 50,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 71 | ' | -1,805 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 72 | ' | 48,195 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 73 | ' | 79,635 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 74 | ' | -167 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 75 | ' | 79,468 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 76 | ' | -4,098,450 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 77 | ' | -1,755,573 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 78 | ' | -5,854,023 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 79 | ' | -13,008 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 80 | ' | 661 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 81 | ' | -12,347 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 82 | ' | -4,833,083 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 83 | ' | -1,443,944 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 84 | ' | -6,277,027 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 85 | ' | 770,550 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 86 | ' | 159,450 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 87 | ' | 930,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 88 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 89 | ' | -41,329 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 90 | ' | -41,329 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 91 | ' | 9,094,933 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 92 | ' | -177,844 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 93 | ' | 8,917,089 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 94 | ' | -15,028 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 95 | ' | 901 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 96 | ' | -14,127 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 97 | ' | 9,850,455 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 98 | ' | -58,822 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 99 | ' | 9,791,633 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 100 | ' | 224,291 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 101 | ' | -224,291 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 102 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 103 | ' | 12,181 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 104 | ' | -51 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 105 | ' | 12,130 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 106 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 107 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 108 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 109 | ' | 12,181 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 110 | ' | -51 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 111 | ' | 12,130 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 112 | ' | 636,638 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 113 | ' | -29,447 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 114 | ' | 607,191 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 115 | ' | 315,091 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 116 | ' | -7,591 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 117 | ' | 307,500 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 118 | ' | 75,000 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 119 | ' | 0 |
Change In Reporting Currency Reconciliation Of Statement Of Cash Flows For The Year Ended December 31, 2012 120 | ' | $75,000 |