Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations and Comprehensive Loss (Unaudited)

v3.19.2
Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net revenues $ 99,164 $ 0 $ 115,144 $ 0
Net revenues - related party 40,519 0 40,519 0
Total net revenues 139,683 0 155,663 0
Cost of sales - related party 103,187 0 115,787 0
Gross profit 36,496 0 39,876 0
Operating Expenses:        
General and administration 798,681 202,171 1,502,768 1,398,309
Professional and consulting 330,891 19,033 2,211,038 130,590
Research and development 11,975 75,000 26,975 150,000
Total operating expenses 1,141,547 296,204 3,740,781 1,678,899
Loss from Operations (1,105,051) (296,204) (3,700,905) (1,678,899)
Other Income (Expenses):        
Derivative (loss) gain 0 (119,000) (1,454,729) 301,150
Gain on settlement of debt, net 0 0 3,007,629 0
Interest expense (2,519) (144,506) (369,432) (255,807)
Total Other Expenses, net (2,519) (263,506) 183,468 45,343
Loss Before Provision for Income Taxes (1,107,570) (559,710) (2,517,437) (1,633,556)
Provision for income tax 0 0 0 0
Net Loss (1,107,570) (559,710) (2,517,437) (1,633,556)
Net Loss attributable to non-controlling interest (152,344) 0 (187,948) 0
Net Loss Attributable to Exactus, Inc. (955,226) (559,710) (2,329,489) (1,633,556)
Deemed dividend on Preferred Stock 0 0 904,450 0
Net loss available to Exactus, Inc. common stockholders $ (955,226) $ (559,710) $ (3,233,939) $ (1,633,556)
Net Loss per Common Share - Basic and Diluted $ (0.03) $ (0.12) $ (0.09) $ (0.36)
Net Loss attributable to non-controlling interest per Common Share - Basic and Diluted (0.00) 0 (0.01) 0
Net Loss available to Exactus, Inc. common stockholders per Common Share - Basic and Diluted $ (0.03) $ (0.12) $ (0.12) $ (0.36)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted 35,203,356 4,603,813 27,227,822 4,563,346