XML 18 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 5,423,862 $ 284,246
Accounts receivable 186,864 141,462
Accounts receivable- related party 1,350,000 712,325
Accounts receivable other 1,376,443 12,440
Accounts receivable other- related party 0 236,364
Marketable securities 1,321,196 0
Investment other securities 1,159,112 859,112
Note receivable - related party 161,573 276,375
Inventory 475,733 588,197
Deferred initial public offering costs 0 497,735
Prepaid advisory agreements, director fees, and rent 750,790 0
Prepaid expenses and other current assets 315,582 85,420
Total current assets 12,521,155 3,693,676
Other assets:    
Property and equipment, net 39,123 135,476
Long term note receivable 450,000 0
Intangible assets, net 3,460,006 3,240,287
Total other assets 3,949,129 3,375,763
Total assets 16,470,284 7,069,439
Current liabilities:    
Accounts payable 163,042 397,601
Accounts payable related party 529,779 67,879
Deferred revenue 163,333 41,417
Accrued expenses 25,591 123,823
Accrued expenses to related party 320,000 892,805
Total current liabilities 1,201,745 1,523,525
Long term liabilities    
Long term liabilities, to related party 0 360,000
Other long term liability 8,004 0
Deferred tax liability 43,000 37,000
Total long term liabilities 51,004 397,000
Total liabilities 1,252,749 1,920,525
Level Brands, Inc. shareholders' equity:    
Preferred stock, authorized 50,000,000 shares, $0.001 par value, no shares issued and outstanding 0 0
Common stock, authorized 150,000,000 shares, $0.001 par value, 8,118,928 and 5,792,261 shares issued and outstanding, respectively 8,119 5,792
Additional paid in capital 21,509,688 10,463,480
Accumulated other comprehensive income (loss) (1,923,304) 0
Accumulated deficit (5,779,879) (6,257,421)
Total Level Brands, Inc. shareholders' equity 13,814,624 4,211,851
Non-controlling interest 1,402,911 937,063
Total shareholders' equity (deficit) 15,217,535 5,148,914
Total liabilities and shareholders' equity (deficit) $ 16,470,284 $ 7,069,439