v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 39,601 $ 66,118
Inventory 191,051 192,726
Prepaid expenses 10,042 4,012
Total current assets 240,694 262,856
Property, and equipment, net 7,980 9,033
In-process research and development 6,977,347 6,977,347
Total assets 7,226,021 7,249,236
Current liabilities:    
Accounts payable 586,039 592,696
Accounts payable and accrued liabilities - related parties 360,042 337,091
Accrued liabilities 680,112 644,220
Notes payable 170,895 171,006
Short-term debt - related party 967,570 948,073
Total current liabilities 2,764,658 2,693,086
Long-term liabilities:    
Notes payable - related party, net of debt discounts of $231,264 and $256,284, respectively 1,268,736 1,243,716
Convertible debentures, net of debt discounts of $974,291 and $687,556, respectively 502,241 332,209
Convertible debentures - related party, net of debt discounts of $424,315 and $245,407, respectively 160,685 89,593
Derivative liability 13,508
Royalty liabilities 2,723,043 2,128,916
Total long-term liabilities 4,654,705 3,807,942
Total liabilities 7,419,363 6,501,028
Equity (deficit):    
Preferred stock
Common stock, $0.001 par value, 4,000,000,000 shares authorized, 34,365,907 and 34,290,934 shares issued and outstanding, respectively 34,365 34,291
Additional paid-in capital 39,990,873 39,949,116
Accumulated deficit (42,424,699) (41,539,533)
Total equity (deficit) attributable to Spotlight Innovation Inc. (2,399,461) (1,556,126)
Non-controlling interest 2,206,119 2,304,334
Total equity (deficit) (193,342) 748,208
Total liabilities and equity (deficit) 7,226,021 7,249,236
Series A Preferred Stock [Member]    
Equity (deficit):    
Preferred stock
Series C Preferred Stock [Member]    
Equity (deficit):    
Preferred stock

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