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OWC Pharmaceutical Research Corp. - Consolidated Statements of Operations
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
$ / shares
shares
Jun. 30, 2015
USD ($)
$ / shares
shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Jun. 30, 2015
USD ($)
$ / shares
shares
Consolidated Statements of Operations        
Revenues $ 0 $ 0 $ 0 $ 0
Expenses:        
General and administrative expenses 84,467 532,815 306,023 824,090
Research and development 34,776 76,612 71,819 189,940
Loss from operations (119,243) (609,427) (377,842) (1,014,030)
Other income (expenses):        
Interest expense $ (40,562) $ 0 $ (41,560) $ 0
Change in fair value of derivative liabilities 16,647 0 (11,598) 0
Amortization of debt discount     $ 57,119 $ 0
Total other income (expense) (54,488) 0 (110,277) 0
Total costs and expenses $ (173,731) $ (609,427) $ (488,119) $ (1,014,030)
Loss loss before income taxes $ (173,731) $ (609,427) $ (488,119) $ (1,014,030)
Income tax 0 0 0 0
Net loss     $ (488,118) $ (1,014,030)
Basic and diluted per share amounts:        
Basic and diluted net loss | $ / shares $ (0.00) $ (0.02) $ (0.01) $ (0.02)
Weighted average shares outstanding (basic and diluted) | shares 81,460,875 40,129,063 81,460,875 58,799,819