XML 53 R41.htm IDEA: XBRL DOCUMENT v3.19.1
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Apr. 01, 2018
Nov. 12, 2015
Mar. 27, 2018
Jun. 30, 2017
Mar. 31, 2019
Mar. 31, 2018
Mar. 27, 2019
Dec. 31, 2018
Accounts payable and accrued expenses         $ 1,531,972     $ 1,311,475
Common stock issued         8,244,515   1,000,000 5,440,312
Royalty expense         $ 75,188 $ 6,590    
Operating lease liability         $ 89,673      
Estimated incremental borrowing rate         10.00%      
Future lease payments         $ 98,516      
Accrued officers compensation         $ 915,000     $ 811,250
Customers [Member]                
Major customer, sale percentages         18.00%      
Customers One [Member]                
Major customer, sale percentages         17.00%      
Customers Two [Member]                
Major customer, sale percentages         15.00%      
Customers Three [Member]                
Major customer, sale percentages         14.00%      
Customers Four [Member]                
Major customer, sale percentages         11.00%      
Employment Agreement [Member]                
Accrued officers compensation         $ 915,000     811,250
Employment Agreement [Member] | Bellissima, Iconic And BiVi [Member]                
Accrued compensation         103,750      
Employment Agreement [Member] | 10% To BiVi [Member]                
Accrued compensation               31,125
Compensation allocated         10,375      
Employment Agreement [Member] | 50% to Iconic [Member]                
Accrued compensation               155,625
Compensation allocated         51,875      
Employment Agreement [Member] | 40% To Bellissima [Member]                
Accrued compensation               124,500
Compensation allocated         $ 41,500      
Employment Agreement [Member] | Chief Executive Officer [Member]                
Salary per annum $ 150,000              
Compensation of stock award 100,000              
Accrued compensation               311,250
Distribution Agreement [Member] | May 1, 2015 [Member]                
Distribution fee         $ 1.00      
License Agreement [Member] | Hooters Marks [Member]                
Royalty fee for future period, description         Advance payment of $30,000 to the Licensor to be credited towards royalty fees payable to Licensor. On September 6, 2018, the $30,000 advance payment was paid to the Licensor. The Agreement also provides for United’s payment of a marketing contribution equal to 2% of the prior year’s net sales of the Licensed Products.      
Royalty fee, year 1               65,000
Royalty fee, year 2               255,000
Royalty fee, year 3               315,000
Royalty fee, year 4               315,000
Royalty fee, year 5               360,000
Royalty fee, year 6               $ 420,000
License Agreement [Member] | Bellissima Spirits LLC [Member]                
Shares issuable upon exercise of options, description   Brinkley was granted a 24 month option to purchase 1% of the outstanding shares of Iconic common stock on a fully diluted basis (as of the date of Brinkley’s exercise of the option) at an exercise price of $0.001 per share.            
Royalty fee for future period, description       Royalty Fee equal to 10% of monthly gross sales (12.5% for sales in excess of defined Case Break Points) of Bellissima Brand products payable monthly. The Bellissima Licensor has the right to terminate the endorsement if Bellissima fails to sell 10,000 cases of Bellissima Brand products in year 1, 15,000 cases in year 2, or 20,000 cases in year 3 and each subsequent year.        
License Agreement [Member] | Bivi [Member]                
Royalty fee for future period, description         BiVi is obligated to pay the BiVi Licensor a Royalty Fee equal to 5% of monthly gross sales of BiVi Brand products payable monthly subject to an annual Minimum Royalty Fee      
Royalty fee, year 1         $ 100,000      
Royalty fee, year 2         150,000      
Royalty fee, year 3         165,000      
Royalty fee, year 4         181,500      
Royalty fee, year 5         199,650      
Royalty fee, year 6         $ 219,615      
Lease Agreement [Member]                
Monthly rent     $ 4,478          
Lease agreement description     The extension has a term of three years from February 1, 2018 to January 31, 2021          
Compensation Arrangementst [Member] | Chief Executive Officer [Member]                
Agreements term description Both agreements have a term of 24 months (to March 31, 2020).              
Salary per annum $ 265,000              
Compensation of stock award 300,000              
Minimum [Member]                
Agreements term description         equal to 25% of the year 2019 minimum royalty fee)      
Royalty expense         $ 63,750