|
CAPITAL STOCK (Tables)
|
9 Months Ended |
|
Sep. 30, 2012
|
| Schedule of Stock Options Oustanding [Table Text Block] |
| |
Number of
|
Exercise
|
Expiry Date
|
| |
Options
|
Price
|
|
| |
|
|
|
| |
108,000
|
$0.75
|
June 7, 2013 |
| |
42,000
|
$1.00
|
June 7, 2013 |
| |
100,000
|
$1.85
|
July 1, 2014 |
| |
324,000
|
$0.70
|
May 1, 2016 |
| |
270,000
|
$0.75
|
March 5, 2017 |
| |
162,000
|
$0.75
|
March 12, 2017 |
| |
108,000
|
$1.00
|
January 25, 2020 |
| |
216,000
|
$1.00
|
February 1, 2020 |
| |
228,000
|
$1.00
|
June 1, 2020 |
| |
90,000
|
$1.15
|
July 1, 2020 |
| |
56,000
|
$1.98
|
February 15, 2021 |
| |
145,000
|
$1.95
|
March 1, 2021 |
| |
108,000
|
$1.85
|
June 10, 2021 |
|
| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
| |
|
|
September 30, 2012
|
|
|
December 31, 2011
|
|
| |
|
|
Number of
|
|
|
Weighted Average
|
|
|
Number of
|
|
|
Weighted Average
|
|
| |
|
|
Options
|
|
|
Exercise Price
|
|
|
Options
|
|
|
Exercise Price
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Outstanding, beginning of period |
|
2,067,000
|
|
$ |
1.07
|
|
|
1,788,000
|
|
$ |
0.88
|
|
| |
Granted |
|
—
|
|
|
—
|
|
|
409,000
|
|
|
1.90
|
|
| |
Exercised |
|
(110,000
|
) |
$ |
1.00
|
|
|
—
|
|
|
—
|
|
| |
Cancelled/Expired |
|
—
|
|
|
—
|
|
|
(130,000
|
) |
|
1.05
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Outstanding, end of period |
|
1,957,000
|
|
$ |
1.08
|
|
|
2,067,000
|
|
$ |
1.07
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Exercisable, end of period |
|
1,808,000
|
|
$ |
1.04
|
|
|
1,749,500
|
|
$ |
0.99
|
|
|
| Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] |
| |
Number of Warrants
|
Exercise Price
|
Expiry Date
|
| |
566,482
|
$1.33
|
November 23, 2012 |
|
| Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block] |
| |
|
|
September 30, 2012
|
|
|
December 31, 2011
|
|
| |
|
|
Number of
|
|
|
Weighted Average
|
|
|
Number of
|
|
|
Weighted Average
|
|
| |
|
|
Warrants
|
|
|
Exercise Price
|
|
|
Warrants
|
|
|
Exercise Price
|
|
| |
Outstanding, beginning of period |
|
566,482
|
|
$ |
1.33
|
|
|
2,439,320
|
|
$ |
1.29
|
|
| |
Issued |
|
—
|
|
|
-
|
|
|
—
|
|
|
—
|
|
| |
Exercised |
|
—
|
|
|
—
|
|
|
(1,608,038
|
) |
|
1.24
|
|
| |
Expired |
|
—
|
|
|
—
|
|
|
(264,800
|
) |
|
1.49
|
|
| |
Outstanding, end of period |
|
566,482
|
|
$ |
1.33
|
|
|
566,482
|
|
$ |
1.33
|
|
|