v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 150,644 $ 313,333
Prepaid expenses 8,581 214,500
Inventory 197,368  
Notes receivable 1,000,000
Total current assets 356,593 1,527,833
Property, and equipment, net 10,088 13,155
In-process research and development 6,977,347 6,977,347
Total assets 7,344,028 8,518,335
Current liabilities:    
Accounts payable 462,792 395,849
Accounts payable and accrued liabilities - related parties 306,362 3,560
Accrued liabilities 656,503 699,567
Stock payable 400,082 3,921,973
Notes payable 171,014 174,769
Short-term debt related party 660,574 290,064
Lines of credit, net of discounts of $0 and $4,929, respectively 998,370
Total current liabilities 2,657,327 6,484,152
Long-term liabilities:    
Convertible debenture, net of debt discount of $547,652 and $0, respectively 209,458
Convertible debenture, related party, net of debt discount of $261,798 and $0, respectively 73,202
Loan payable – related party, net of debt discount of $281,304 and $0, respectively 1,218,696
Derivative liability 13,508
Royalty liability 2,068,324 713,442
Total liabilities 6,240,515 7,197,594
Equity:    
Preferred stock
Common stock, $0.001 par value, 4,000,000,000 shares authorized, 35,656,593 and 27,276,054 shares issued, and 33,041,593 and 27,276,054 outstanding, respectively 35,656 27,276
Additional paid-in capital 39,532,399 34,035,015
Accumulated deficit (40,848,377) (35,369,670)
Common stock held in treasury stock, 2,615,000 and 0 shares, respectively, at cost
Total equity attributable to Spotlight Innovation, Inc. (1,280,322) (1,307,379)
Non-controlling interest 2,383,835 2,628,120
Total equity 1,103,513 1,320,741
Total liabilities and equity 7,344,028 8,518,335
Series A Preferred Stock [Member]    
Equity:    
Preferred stock
Series C Preferred Stock [Member]    
Equity:    
Preferred stock

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