2017 Financials Released2017 financials statments are up on SEDAR. A loss of $5.5 million for the year. The largest expense is a "provision for performance share compensation" of $16 million. From the MD&A:
Performance share compensation - The Company entered into stock grant agreements with two executives (Messrs. Parsons and Willer respectively) on November 8, 2016, each of which inter alia defines a bonus share threshold as follows: should the Company meet or exceed a 2017 fiscal year EBITDA threshold of $7,500,000 CAD, the Company would issue 6,000,000 Common Shares of the surviving issuer at the trailing 30-day average closing price. Mr. Parsons has agreed to modify his stock grant agreement to change the threshold from EBITDA to cash received to achieve the equivalent EBITDA threshold. The Company is engaged in discussions with Mr. Willer regarding his stock grant agreement and other matters. As the Company achieved the EDITDA threshold for the year ended December 31, 2017, the Company has recorded a liability equivalent to the value of the shares to be issued while the agreements are modified and the cash collected threshold is achieved, which the Company deems probable.