CUR MEDIA, INC.

CIK:0001556226|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Consolidated Statements Of Operations
REVENUES				$ 292
OPERATING EXPENSES
Research and development	538,091	38,444	1,272,779	80,656
General and administrative	283,094	127,914	479,043	237,081
Stock based compensation
Depreciation and amortization	3,007	1,063	4,034	2,865
TOTAL OPERATING EXPENSES	824,192	167,421	1,755,856	320,602
OTHER INCOME (EXPENSE)
Interest expense	(261,172)	(263,719)	(520,592)	(522,889)
Interest income	46		80
Gain on debt relief	2,128	35	11,478	2,776
Change in fair value of derivative liabilities	41,830	(1,518,438)	106,877	(1,744,667)
TOTAL OTHER INCOME (EXPENSE)	(217,168)	(1,782,122)	(402,157)	(2,264,780)
NET LOSS	$ (1,041,380)	$ (1,949,543)	$ (2,158,013)	$ (2,585,090)
Basic and diluted net loss per share	$ (0.41)	$ (0.76)	$ (0.85)	$ (1.01)
Weighted average number of shares outstanding basic and diluted	2,550,998	2,550,998	2,550,998	2,550,998

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (2,158,013)	$ (2,585,090)
Adjustments to reconcile net loss to net cash used in operating activities
Gain on debt relief	(11,478)	(2,776)
Depreciation and amortization	4,034	2,865
Non-cash interest expense	203,404	203,404
Share based consulting services		12,945
Change in fair value of derivative liabilities	(106,877)	1,744,667
Changes in assets and liabilities
Prepaid expenses
Other current assets
Accounts payable	90,114	293,881
Accrued liabilities and other current liabilities	287,230	332,276
Net (cash used) provided by in operating activities	(1,691,586)	2,172
CASH FLOWS FROM INVESTING ACTIVITIES
Security deposit	(25,500)
Purchases of property and equipment	(19,256)
Net cash used in investing activities	(44,756)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit - related party	1,618,873
Net cash provided by financing activities	1,618,873
NET (DECREASE) INCREASE IN CASH	(117,469)	2,172
CASH, BEGINNING OF PERIOD	153,979	1,508
CASH, END OF THE PERIOD	$ 36,510	$ 3,681

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 36,510	$ 153,979
Prepaid expenses	1,000,000	1,000,000
TOTAL CURRENT ASSETS	1,036,510	1,153,979
Security deposit	25,500
Property and equipment, net	17,724	2,502
TOTAL ASSETS	1,079,734	1,156,481
CURRENT LIABILITES
Accounts payable	2,478,359	2,399,723
Accrued liabilities and other current liabilities	2,908,552	2,621,322
Line of credit - related party	3,466,543	1,847,670
Note payable	33,550	33,550
Note payable - related party	685,000	685,000
Secured convertible promissory notes, net - related party	2,514,880	2,514,880
Derivative liabilities	1,435,427	1,542,304
TOTAL CURRENT LIABILITIES	13,522,311	11,644,449
Note payable - vendor	300,000	300,000
Unsecured convertible promissory notes, net	1,098,536	895,132
TOTAL LONG - TERM LIABILITIES	1,398,536	1,195,132
TOTAL LIABILITIES	14,920,847	12,839,581
STOCKHOLDERS' DEFICIENCY
Preferred Stock (.0001 par value, 10,000,000 shares authorized, none issued or outstanding as of June 30, 2018 or December 31, 2017)
Common Stock (.0001 par value, 300,000,000 shares authorized, 2,526,663 issued at June 30, 2018 and December 31, 2017, and 2,550,998 outstanding at June 30, 2018 and December 31, 2017, respectively)	253	253
Additional Paid-In-Capital	11,935,233	11,935,233
Accumulated Deficit	(25,776,599)	(23,618,586)
TOTAL STOCKHOLDERS' DEFICIENCY	(13,841,113)	(11,683,100)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 1,079,734	$ 1,156,481