v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Consolidated Statements Of Operations        
REVENUE $ 2,232 $ 16,690
COST OF SALES 1,497 68,225 4,353 121,100
GROSS PROFIT (LOSS) 735 (68,225) 12,337 (121,100)
OPERATING EXPENSES:        
General and administrative expenses 562,732 803,917 1,096,535 2,440,692
Research and development expenses 183,044 392,140 442,198 567,306
Depreciation expense 862 1,281 1,915 2,561
Total operating expenses 746,638 1,197,338 1,540,648 3,010,559
LOSS FROM OPERATIONS (745,903) (1,265,563) (1,528,311) (3,131,659)
OTHER INCOME (EXPENSE):        
Unrealized loss on change in present value of royalty liabilities (71,118) (50,901) (66,027) (50,901)
Interest expense (218,998) (379,721) (421,376) (899,357)
Loss on derivative liability (4,364)
Gain on extinguishment of debt and related derivative liability 37,971 243,716
Other income 25,848 59,692
Gain (loss) on foreign currency exchange 10,482 (12,238) 6,796 (13,959)
Total other income (expense) (279,634) (379,041) (480,607) (665,173)
Net loss (1,025,537) (1,644,604) (2,008,918) (3,796,832)
Net loss attributable to non-controlling interest holders (76,968) (96,875) (175,183) (192,734)
Net loss attributable to Spotlight Innovation Inc. shareholders $ (948,569) $ (1,547,729) $ (1,833,735) $ (3,604,098)
Loss per common share - basic and diluted $ (0.03) $ (0.05) $ (0.05) $ (0.12)
Weighted average number of common shares outstanding - basic and diluted 34,441,796 32,479,100 34,394,943 30,615,991

Source