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iMedical Innovations Inc. - Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement    
Revenue
Expenses:    
General and administrative expenses [1] $ 3,986,550 $ 873,541
Research and development expenses [2] 1,143,453 832,661
TOTAL OPERATING EXPENSES 5,130,003 $ 1,706,202
Accretion expense [3] 59,875
Change in fair value of derivative liabilities [4] (4,026)
NET LOSS BEFORE INCOME TAXES $ (5,185,852) $ (1,706,202)
Income taxes [5]
Net loss $ (5,185,852) $ (1,706,202)
Translation adjustment (35,313) 3,050
COMPREHENSIVE LOSS $ (5,221,165) $ (1,703,152)
LOSS PER SHARE, BASIC AND DILUTED $ (0.32) $ (0.12)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 16,167,781 14,409,314
[1] See Notes 9 and 11
[2] See Note 12
[3] See Note 7
[4] See Note 8
[5] See Note 10