v3.2.0.727

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenues
Operating Expenses
General and administrative	$ 1,294,711	$ 1,052,492	$ 2,510,819	$ 1,739,517
Marketing and sales	398,333	167,813	528,481	299,704
Research and development	401,134	115,789	645,195	298,762
Total Operating Expenses	2,094,178	1,336,094	3,684,495	2,337,983
Loss From Operations	(2,094,178)	$ (1,336,094)	(3,684,495)	(2,337,983)
Other Income (Expense)
Amortization of deferred financing costs	(19,227)		(38,454)
Amortization of debt discount	(207,851)		(332,795)
Change in fair value of derivative liabilities	$ 67,064		$ 85,269
Loss on settlement of accounts payable				(8,354)
Other income			$ 300	10,000
Total Other Income (Expense)	$ (160,014)		(285,680)	1,646
Net Loss	(2,254,192)	$ (1,336,094)	(3,970,175)	(2,336,337)
Net loss attributable to non-controlling interests	(196,530)	(89,324)	(354,825)	(204,821)
Net Loss attributed to stockholders of Innovation Economy Corporation	$ (2,057,662)	$ (1,246,770)	$ (3,615,350)	$ (2,131,516)
Net Loss Per Share: Basic and Diluted	$ (0.22)	$ (0.13)	$ (0.38)	$ (0.23)
Weighted Average Common Shares Outstanding: Basic and Diluted	9,444,828	9,322,909	9,444,828	9,103,462

Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.8)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

INNOVATION ECONOMY Corp 10-Q