v3.19.2

Validian Corporation and Subsidiaries Consolidated Condensed Statements of Operations - USD ($)

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

Expenses:

Selling, general and administrative

$ 44,671

$ 69,731

$ 101,063

$ 140,980

Research and development

82,504

22,089

87,170

22,089

Total expenses

127,175

91,820

188,233

163,069

Loss from Operations

(127,175)

(91,820)

(188,233)

(163,069)

Other income (expenses):

Interest and financing costs (notes 5 and 7)

^[1]

(48,898)

(153,285)

(86,826)

(272,167)

Foreign exchange gain (loss)

(32,824)

39,089

(71,534)

102,346

Total other income (expenses)

(81,722)

(114,196)

(158,360)

(169,821)

Net loss

$ (208,897)

$ (206,016)

$ (346,593)

$ (332,890)

Loss per common share - basic and diluted (note 6)

^[2]

$ (0.00)

Weighted average number of common shares outstanding during period

686,787,060

666,887,766

686,787,060

639,120,814

[1]	Notes 5 and 7
[2]	Note 6

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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VALIDIAN CORP 10-Q