v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 127,823 $ 313,333
Prepaid expenses 241,945 214,500
Notes receivables 1,096,464 1,000,000
Total current assets 1,466,232 1,527,833
Property and equipment, net 11,368 13,155
In process research and development 6,977,347 6,977,347
Total assets 8,454,947 8,518,335
Current liabilities:    
Accounts payable 596,686 395,849
Accounts payable and accrued liabilities - related parties 11,362 3,560
Accrued liabilities 607,395 699,567
Stock payable 400,082 3,921,973
Notes payable 170,809 174,769
Short term debt - related party 732,410 290,064
Lines of credit, net of discounts of $0 and $4,929, respectively 1,003,300 998,370
Total current liabilities 3,522,044 6,484,152
Long-term liabilities:    
Convertible debenture, net of debt discount of $252,733 and $0, respectively 97,267
Convertible debenture – related party, net of debt discount of $247,254 and $0, respectively 52,746
Derivative liability 13,508
Other long-term liabilities 1,755,729 713,442
Total liabilities 5,441,294 7,197,594
Equity:    
Preferred stock
Common stock, $0.001 par value, 4,000,000,000 shares authorized, 34,550,343 and 27,276,054 shares issued and 35,550,343 and 27,276,054 outstanding, respectively 35,550 27,276
Additional paid-in capital 39,516,485 34,035,015
Accumulated deficit (38,973,768) (35,369,670)
Common stock held in treasury stock, 1,000,000 and 0 shares at cost
Total equity attributable to Spotlight Innovation, Inc. 578,267 (1,307,379)
Non-controlling interest 2,435,386 2,628,120
Total equity 3,013,653 1,320,741
Total liabilities and equity 8,454,947 8,518,335
Series A Preferred Stock [Member]    
Equity:    
Preferred stock
Series C Preferred Stock [Member]    
Equity:    
Preferred stock

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