Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Consolidated Statements Of Operations        
REVENUE
COST OF SALES 68,225 121,100
OPERATING EXPENSES:        
General and administrative expenses 803,917 1,110,073 2,440,692 2,110,097
Research and development expense 392,140 113,422 567,306 113,422
Depreciation expense 1,281 1,181 2,561 2,363
Total operating expenses 1,197,338 1,224,676 3,010,559 2,225,882
LOSS FROM OPERATIONS (1,265,563) (1,224,676) (3,131,659) (2,225,882)
OTHER INCOME (EXPENSE):        
Unrealized loss on change in present value of royalties (50,901) (50,901)
Interest expense (379,721) (158,129) (899,357) (325,640)
Gain (loss) on derivative liability 267,278 (4,364) 52,092
Gain on extinguishment of debt and related derivative liability 37,971 243,716
Other income 25,848 3,003 59,692 3,033
Gain (loss) on foreign currency exchange (12,238) (282) (13,959) (82)
Total other income (expense) (379,041) 111,870 (665,173) (270,597)
Net loss from continuing operations (1,644,604) (1,112,806) (3,796,832) (2,496,479)
Net loss from discontinued operations (29,471) (110,424)
Net loss (1,644,604) (1,142,277) (3,796,832) (2,606,903)
Net loss attributable to non-controlling interest holder (96,875) (7,368) (192,734) (28,735)
Net loss attributable to Spotlight Innovation Inc. $ (1,547,729) $ (1,134,909) $ (3,604,098) $ (2,578,168)
Net loss per common share - basic and diluted        
Continuing operations $ (0.05) $ (0.07) $ (0.12) $ (0.17)
Discontinued operations (0.00) (0.01)
Total $ (0.05) $ (0.07) $ (0.12) $ (0.17)
Weighted average number of common shares outstanding - basic and diluted 32,479,100 15,411,751 30,615,991 15,058,290