Income Statement

v3.19.3
Condensed Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net revenues $ 48,013 $ 0 $ 163,157 $ 0
Net revenues - related party 12,140 0 52,659 0
Net revenues 60,153 0 215,816 0
Cost of sales - related party 100,418 0 216,205 0
Gross profit (40,265) 0 (389) 0
Operating Expenses:        
General and administration 1,389,820 301,859 2,892,588 1,446,867
Professional and consulting 662,857 49,068 2,873,895 179,658
Research and development 10,000 75,000 36,975 225,000
Total operating expenses 2,062,677 425,927 5,803,458 1,851,525
Loss from Operations (2,102,942) (425,927) (5,803,847) (1,851,525)
Other Income (Expenses):        
Derivative loss 0 (818,355) (1,454,729) (517,205)
Loss on stock settlement 0 (223,825) 0 (477,126)
(Loss) gain on settlement of debt (3,000) 0 3,004,629 0
Interest expense (2,105) (127,164) (371,537) (382,971)
Total Other Expenses, net (5,105) (1,169,344) 1,178,363 (1,377,302)
Loss Before Provision for Income Taxes (2,108,047) (1,595,271) (4,625,484) (3,228,827)
Provision for income tax 0 0 0 0
Net Loss (2,108,047) (1,595,271) (4,625,484) (3,228,827)
Net Loss attributable to non-controlling interest 173,680 0 361,628 0
Net Loss Attributable to Exactus, Inc. (1,934,367) (1,595,271) (4,263,856) (3,228,827)
Deemed dividend on Preferred Stock 0 0 (904,450) 0
Net Loss available to Exactus, Inc. common stockholders $ (1,934,367) $ (1,595,271) $ (5,168,306) $ (3,228,827)
Net Loss per Common Share - Basic and Diluted $ (.05) $ (.33) $ (.15) $ (.69)
Net Loss attributable to non-controlling interest per Common Share - Basic and Diluted (.00) .00 (.01) .00
Net Loss available to Exactus, Inc. common stockholders per Common Share - Basic and Diluted $ (.05) $ (.33) $ (.16) $ (.69)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted 38,951,338 4,812,449 31,173,513 4,647,290

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