Medican Enterprises Inc (MDCN)

[boatlife]

REVENUE
$ - $ - $ - $ -

OPERATING EXPENSES


Professional Services

Consulting
7,197,286 - 19,393,282 -
Legal
229,158 - 1,444,200 -
Management
15,865 - 14,785,079 -
Investor relations
17 - 8,250,017 -
Stock Compensation
1,334,257 - 3,096,609 -
Selling, General & Administrative
572,914 20,574 797,463 47,659

Total Operating Expenses
9,349,497 20,574 47,766,650 47,659

Loss From Operations
(9,349,497 ) (20,574 ) (47,766,650 ) (47,659 )
OTHER INCOME (EXPENSE):

Related Party Interest Expense
- (514 ) - (5,749 )
Gain on revaluation of derivative liability
753,234 - 523,602 -
Loss on excess derivative liability over note principal
(4,967 ) - (394,998 ) -
NET LOSS
$ (8,601,230 ) $ (21,088 ) $ (47,638,046 ) $ (53,408 )

Currency Translation Adjustment
(5,221 ) - 29,841 -

COMPREHENSIVE LOSS
$ (8,606,451 ) $ (21,088 ) $ (47,608,205 ) $ (53,408 )

NET LOSS PER BASIC AND DILUTED SHARES
$ (0.19 ) $ (0.02 ) $ (1.23 ) $ (0.04 )

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
45,920,813 26,501,240 38,781,267 26,501,240