v3.3.1.900
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Reconciliation of the Expected Provision for Income Tax Recovery/Expense to the Actual Provision for Income Tax Recovery/Expense
The reconciliation of the expected provision for income tax recovery/expense to the actual provision for income tax recovery/expense reported in the Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2015, 2014, and 2013 is as follows.
    
 
 
2015
$
 
2014
$
 
2013
$
Earnings (loss) before income taxes
 
(18,790
)
 
(22,311
)
 
(4,837
)
Expected income tax expense (recovery) at Canadian statutory income tax rate of 26.51% (2014-26.51%)
 
(4,980
)
 
(5,915
)
 
(1,282
)
Permanent differences
 
1,333

 
1,203

 
435

Share issuance costs
 
(3,734
)
 
—

 
—

Effect of change in tax rates
 
—

 
—

 
(163
)
Utilization of tax credits
 
—

 
—

 
(93
)
Other
 
(8
)
 
(43
)
 
—

Foreign rate differential
 
(44
)
 
(3
)
 
(2
)
Increase (decrease) in valuation allowance
 
7,433

 
4,758

 
1,105

Provision for income tax (recovery) expense
 
—

 
—

 
—
Significant Components of Future Income Tax Assets and Liabilities
The significant components of the Company’s deferred income tax assets and liabilities as of December 31, 2015 and 2014 are as follows.
    
 
 
2015
$
 
2014
$
Deferred tax assets
 
 
 
 
Temporary differences on capital and intangible assets
 
415

 
606

Tax loss carryforwards
 
3,799

 
3,415

SR&ED expenditure carryforwards
 
1,687

 
974

Share issue costs
 
3,345

 
39

Investment tax credits
 
1,253

 
497

Lease accruals and other provisions
 
4,316

 
1,664

Total deferred tax assets
 
14,815

 
7,195

Valuation allowance
 
(14,011
)
 
(6,578
)

 
804

 
617

Deferred tax liabilities
 
 

 
 

Capitalized software development costs
 
(804
)
 
(380
)
Investment tax credits used or refunded
 
—

 
(237
)
Total deferred tax liabilities
 
(804
)
 
(617
)
Net deferred tax asset
 
—

 
—
Schedule of Expiration Dates of Investment Tax Credits
As of December 31, 2015 and 2014, the Company had unused non-capital tax losses of approximately $14,264 and $13,475 respectively, a SR&ED expenditure pool totaling $6,364 and $3,673 respectively, and investment tax credits of $1,486 and $532 respectively, that are due to expire as follows.
 
 
SR&ED
Expenditures
$  
 
Investment
Tax Credits
$  
 
Non-Capital
Losses
$  
2031
 
—

 
45

 
—

2032
 
—

 
117

 
13

2033
 
—

 
232

 
11,235

2034
 
—

 
197

 
825

2035
 
—

 
895

 
2,191

Indefinite
 
6,364

 
—

 
—

 
 
6,364

 
1,486

 
14,264
Summary of Operating Loss Carryforwards
As of December 31, 2015 and 2014, the Company had unused non-capital tax losses of approximately $14,264 and $13,475 respectively, a SR&ED expenditure pool totaling $6,364 and $3,673 respectively, and investment tax credits of $1,486 and $532 respectively, that are due to expire as follows.
 
 
SR&ED
Expenditures
$  
 
Investment
Tax Credits
$  
 
Non-Capital
Losses
$  
2031
 
—

 
45

 
—

2032
 
—

 
117

 
13

2033
 
—

 
232

 
11,235

2034
 
—

 
197

 
825

2035
 
—

 
895

 
2,191

Indefinite
 
6,364

 
—

 
—

 
 
6,364

 
1,486

 
14,264