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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Sales $ 1,851,116 $ 1,353,590 $ 5,440,653 $ 3,416,862
Sales related party 1,350,000 514,000 1,550,000 782,550
Total Gross Sales 3,201,116 1,867,590 6,990,653 4,199,412
Allowances (2,686) (80,581) (23,558) (804,025)
Net Sales 1,848,430 1,273,009 5,417,095 2,612,837
Net sales related party 1,350,000 514,000 1,550,000 782,550
Total Net Sales 3,198,430 1,787,009 6,967,095 3,395,387
Costs of sales 1,106,706 261,420 1,858,651 822,556
Gross Profit 2,091,724 1,525,589 5,108,444 2,572,831
Operating expenses 1,464,239 853,670 4,089,006 2,536,586
Income (Loss) from operations 627,485 671,919 1,019,438 36,245
Debt conversion expense 0 (446,250) 0 (446,250)
Other than temporary impairment on marketable securities 0 (175,000) 0 (175,000)
Gain (Loss) on disposal of property and equipment 0 0 (69,311) 0
Interest expense (232) (229,220) (737) (500,353)
Income (Loss) before provision for income taxes 627,253 (178,551) 949,390 (1,085,358)
Benefit (Provision) for income taxes (62,000) 36,642 (6,000) (42,250)
Net Income (Loss) 565,253 (141,909) 943,390 (1,127,608)
Net Gain (Loss) attributable to noncontrolling interest 359,179 68,781 465,848 272,798
Net Income (Loss) attributable to Level Brands, Inc. common shareholders $ 206,074 $ (210,690) $ 477,542 $ (1,400,406)
Net Income (Loss) per share: Basic $ 0.03 $ (0.04) $ 0.06 $ (0.34)
Net Income (Loss) per share: Diluted $ 0.03 $ .00 $ 0.06 $ .00
Weighted average number of shares outstanding Basic 8,075,341 4,686,947 7,406,114 4,128,541
Weighted average number of shares outstanding Diluted 8,092,931 0 7,428,504 0