v3.10.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
REVENUE
Revenues	$ 3,470	$ 255
COST OF REVENUE
Cost of Goods Sold	377	21
Royalty Expense	173	13
Total Cost of Revenue	550	34
GROSS PROFIT	2,920	221
OPERATING EXPENSES
General and administrative	1,409,696	2,705,198
Research and development	84,817	76,381
Total operating expenses	1,494,513	2,781,579
LOSS FROM OPERATIONS	(1,491,593)	(2,781,358)
OTHER INCOME (EXPENSE)
Interest expense	(61,099)	(13,946)
Accretion of debt discount	(23,642)
Loss on disposal of asset	(343)
Total other income (expense)	(85,084)	(13,946)
NET LOSS	$ (1,576,677)	$ (2,795,304)
NET LOSS PER SHARE - BASIC AND DILUTED (in dollars per share)	$ (0.04)	$ (0.07)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED (in shares)	40,671,851	40,042,764

Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 35
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6394232&loc=d3e17558-110866

Zero Gravity Solutions, Inc. 10-Q