XML 20 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]    
Sales $ 1,467,464 $ 448,793
Sales related party 0 254,545
Total Gross Sales 1,467,464 703,338
Allowances (218,434) (15,582)
Net Sales 1,249,030 433,211
Net sales related party 0 254,545
Total Net Sales 1,249,030 687,756
Costs of sales 491,188 228,124
Gross Profit 757,842 459,632
Operating expenses 1,544,941 1,687,644
Loss from operations (787,099) (1,228,012)
Unrealized loss on marketable securities (1,553,303) 0
Realized gain (loss) on marketable securities (25,673) 0
Loss on disposal of property and equipment 0 (69,511)
Interest income (expense) 44,033 (259)
Loss before provision for income taxes (2,322,042) (1,297,782)
Provision for income taxes 133,000 33,000
Net loss (2,189,042) (1,264,782)
Net loss attributable to non-controlling interest (79,149) (131,854)
Net loss attributable to Level Brands, Inc. common shareholders $ (2,109,893) $ (1,132,928)
Loss per share, basic and diluted $ (0.21) $ (0.16)
Weighted average number of shares outstanding 10,052,960 6,911,871