110 unchanged sentences
Results of Operations
−Removed: The following summary of our results of operations should be read in conjunction with our financial statements for the period ended July 31, 2016, which are included herein.
−Removed: Our operating results for the three and six months ended July 31, 2016 and 2015 are summarized as follows:
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the period ended October 31, 2016, which are included herein.
+Added: Our operating results for the three and nine months ended October 31, 2016 and 2015 are summarized as follows:
Three Months Ended
−Removed: Six Months Ended
+Added: Nine Months Ended
Foreign exchange (gain) loss
6 unchanged sentences
$ (3,515,089 )
−Removed: $ (4,511,210 )
−Removed: $ (3,507,247 )
−Removed: For the three months ended July 31, 2016, our net loss decreased by $1,179,146 as compared to the three months ended July 31, 2015.
−Removed: During the three months ended July 31, 2015, 10,000,000 shares of common stock previously issued for consulting and management services but held in escrow were released.
−Removed: There were no such shares of common stock issued during the three months ended July 31, 2016.
−Removed: For the six months ended July 31, 2016, our net loss increased by $1,003,963 as compared to the six months ended July 31, 2015.
−Removed: Our loss increased primarily due to 7,250,000 stock options granted to officers, directors and consultants in 2016, which increased stock-based compensation.
+Added: For the three months ended October 31, 2016, our net loss increased by $947,100 as compared to the three months ended October 31, 2015.
+Added: During the three months ended October 31, 2015, expenses decreased as a result of reversal of management and consulting fees previously recognized on common stock issued for services upon cancellation of such common stock during the period.
+Added: For the nine months ended October 31, 2016, our net loss increased by $1,951,063 as compared to the nine months ended October 31, 2015.
+Added: Our loss increased primarily due to 7,250,000 stock options granted to officers, directors and consultants in 2016, which increased general and administrative expenses and management fees.
We have not earned any revenues since our inception and we do not anticipate earning revenues in the upcoming quarter.
4 unchanged sentences
Working Capital (Deficit)
−Removed: Our total current assets as of July 31, 2016 were $14,740 as compared to total current assets of $103,215 as of January 31, 2016.
−Removed: The decrease was primarily due to a decrease in cash.
−Removed: Our total current liabilities as of July 31, 2016 were $722,080 as compared to total current liabilities of $435,104 as of January 31, 2016.
−Removed: The increase in current liabilities was primarily attributed to the accrual of management fees during the three months ended July 31, 2016 pursuant to management agreements.
−Removed: Six Months Ended
+Added: $ (1,164,614 )
+Added: Our total current assets as of October 31, 2016 were $225,786 as compared to total current assets of $103,215 as of January 31, 2016.
+Added: The increase was primarily due to proceeds from convertible debenture received during the period.
+Added: Our total current liabilities as of October 31, 2016 were $1,390,400 as compared to total current liabilities of $435,104 as of January 31, 2016.
+Added: The increase in current liabilities was primarily attributed to the accrual of management fees pursuant to management agreements as well as the issuance of short-term convertible debenture during the period.
+Added: Nine Months Ended
Net Cash Used In Operating Activities
1 unchanged sentence
Effects of Exchange Rate Changes on Cash
−Removed: Increase (Decrease) in Cash During the Period
+Added: Increase in Cash During the Period
Operating Activities
−Removed: During the six months ended July 31, 2016, our cash used by operating activities increased by $79,832 when compared to cash used in operating activities during the six months ended July 31, 2015.
−Removed: The increase in cash used for operating activities was as a result of payments made for obligations due, including audit and legal fees, rent and transfer agent costs.
+Added: During the nine months ended October 31, 2016, our cash used by operating activities increased by $112,510 when compared to cash used in operating activities during the nine months ended October 31, 2015.
+Added: The increase in cash used for operating activities was a result of payments made for obligations due, including management fees, professional fees, rent and transfer agent costs.
Investing Activities
−Removed: We did not have any investing activities during the six months ended July 31, 2016 and 2015.
+Added: We did not have any investing activities during the nine months ended October 31, 2016 and 2015.
Financing Activities
−Removed: During the six months ended July 31, 2016, we received $33,000 (2015 - $240,000) in cash from financing activities.
+Added: During the nine months ended October 31, 2016, we received $397,850 (2015 - $241,075) in cash from financing activities.
We will require additional funds to fund our budgeted expenses over the next 12 months.
4 unchanged sentences
Specifically, we estimate our operating expenses and working capital requirements for the next 12 months to be as follows:
−Removed: Estimated Expenses
Research and Development Costs:
72 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.