Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT OF PRIOR FINANCIAL INFORMATION (Details 1)

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RESTATEMENT OF PRIOR FINANCIAL INFORMATION (Details 1) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2019
Dec. 31, 2019
Revenues $ 531,240 $ 836,000 $ 60,153 $ 139,683   $ 1,367,240 $ 155,663 $ 215,816 $ 345,680
Operating expenses 1,444,613 2,069,348 1,980,398 1,141,547   3,513,961 3,740,781 5,721,179 8,972,290
Loss from operations (1,535,643) (2,633,604) (2,020,663) (1,105,051)   (4,169,247) (3,700,905) (5,721,568) (10,672,744)
Other income (expenses) (148,051) (188,480) (5,105) (2,519)   (336,531) 1,183,468 1,178,363 653,936
Net loss (1,683,694) (2,822,084) (2,025,768) (1,107,570) $ (1,409,867) (4,505,778) (2,517,437) (4,543,205) (10,018,808)
Net Loss available to Exactus, Inc. common stockholders $ (1,529,070) $ (2,666,265) $ (1,852,088) $ (955,226)   $ (4,195,335) $ (3,233,939) $ (5,086,027) $ (10,385,789)
Basic & diluted EPS $ (0.03) $ (0.06) $ (0.05) $ (0.03)   $ (0.10) $ (0.09) $ (0.15) $ (0.31)
Previously Reported                  
Revenues   $ 836,000 $ 60,153         $ 215,816 $ 345,680
Operating expenses   2,192,767 2,062,677         5,803,458 9,177,988
Loss from operations   (2,757,023) (2,102,942)         (5,803,847) (10,878,442)
Other income (expenses)   (188,480) (5,105)         1,178,363 653,936
Net loss   (2,945,503) (2,108,047)         (4,625,484) (10,224,506)
Net Loss available to Exactus, Inc. common stockholders   $ (2,789,684) $ (1,934,367)         $ (5,168,306) $ (10,591,487)
Basic & diluted EPS   $ (0.06) $ (0.05)         $ (0.16) $ (0.31)
Adjustments                  
Revenues   $ 0 $ 0         $ 0 $ 0
Operating expenses   (123,419) (82,279)         (82,279) (205,698)
Loss from operations   123,419 82,279         82,279 205,698
Other income (expenses)   0 0         0 0
Net loss   123,419 82,279         82,279 205,698
Net Loss available to Exactus, Inc. common stockholders   $ 123,419 $ 82,279         $ 82,279 $ 205,698
Basic & diluted EPS   $ 0.00 $ 0.00         $ 0.00 $ 0.00