XML 56 R39.htm IDEA: XBRL DOCUMENT v3.19.3
Related Party Transactions (Details) - USD ($)
1 Months Ended 9 Months Ended
Jul. 02, 2017
Apr. 25, 2019
Feb. 28, 2018
Nov. 20, 2017
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Related Party Transactions (Textual)              
Office space subleased         $ 5,000    
Compensation for legal and business advisory services         $ 1,000,000 $ 1,000,000  
Purchase agreement, description       Pursuant to the terms of the Agreement, Conversion Labs, Inc. ("Conversion Labs") purchased 2,000,000 shares (post-split from a 2:1 forward split on January 16, 2018) of Blockchain Industries, Inc. ("BCII") from JOJ. The JOJ Agreement was amended on December 8, 2017 and again on March 9, 2018. In consideration for the purchase, Conversion Labs agreed to issue one (1) share of Conversion Labs common stock to JOJ for every dollar Conversion Labs realizes from gross proceeds on the sale of shares of BCII purchased pursuant to the JOJ Agreement, up to a total maximum aggregate amount of 5,000,000 shares. The Company has 3 years to sell the shares of BCII and has agreed not to sell more than 20% of the 30-day average daily trading volume of BCII. Justin Schreiber, the Company's President and CEO is the President and owner of JOJ. Conversion Labs PR utilizes office space in Puerto Rico which is subleased from Mr. Schreiber (President and CEO) incurs expense of approximately $5,000 a month on month-to-month terms for this office space.    
Service agreement, description     The Company entered into a 3-year agreement to lease office space in Huntington Beach, CA beginning on March 2, 2018. The rent is payable on a monthly basis in the amount of $2,106 for the first twelve months, $2,149 for the second twelve months and $2,235 for the third twelve months. The Company has recognized a right of use asset and lease liability of $30,287 as of January 1, 2019 for adopting ASC 842, and has classified this lease as an operating lease. The lease did not contain any interest for use in the present value calculation, as a result, the Company used the third-party interest rate from similar borrowings of 7%. The Company has paid a security deposit of $2,235 was paid for this lease. The lease payments for this lease were $6,382, and the implied interest for such lease was $4,241.        
Common stock valued         $ 534,037   $ 457,822
Chief Executive Officer [Member]              
Related Party Transactions (Textual)              
Service agreement, description         The Company's current Chief Executive Officer for fulfillment services. The Company pays a monthly fee of $13,000 to $16,000 per month and reimburses the BV Global Fulfillment for their costs associated with shipping the Company's products. The Company incurred approximately $279,000 and $225,000 for the three months ended September 30, 2019 and 2018, respectively, for these services. The Company incurred approximately $262,000 and $157,000 for the nine months ended September 30, 2019 and 2018, respectively, for these services.    
Stock issued for shares 900,000 900,000          
Common stock valued $ 432,000            
Due to related party for services         $ 771,000 $ 485,000