PURCHASE ORDER FINANCING - RELATED PARTY	12 Months Ended
Dec. 31, 2017
Purchase Order Financing - Related Party
PURCHASE ORDER FINANCING - RELATED PARTY	NOTE 11 – PURCHASE ORDER FINANCING - RELATED PARTY On September 14, 2016, PayMeOn Brands, Inc. entered into a purchase order purchase and sale agreement with a related party through common ownership, whereby PayMeOn Brands sold $5,000 of current purchase orders in exchange for $4,000 cash. As a further inducement for purchaser to enter into the agreement as collateral security for any and all obligations owing by PayMeOn Brands to purchaser, PayMeOn Brands has granted to purchaser, as collateral security, a first lien security interest in all of PayMeOn Brands’ accounts created as a result of purchase orders financed or purchased by purchaser and all inventory. The Company recorded a $1,000 deferred finance charge on the date of issuance. As of December 31, 2016, the Company amortized all of the $1,000 deferred finance charge. As of December 31, 2017 and 2016 the Company had a balance outstanding of $4,000. The $4,000 is included in current liabilities held for sale on the December 31, 2017 and 2016 consolidated balance sheets.

PURCHASE ORDER FINANCING - RELATED PARTY

12 Months Ended

Dec. 31, 2017

Purchase Order Financing - Related Party

PURCHASE ORDER FINANCING - RELATED PARTY

NOTE 11 – PURCHASE ORDER FINANCING - RELATED PARTY

On September 14, 2016, PayMeOn Brands, Inc. entered into a purchase order purchase and sale agreement with a related party through common ownership, whereby PayMeOn Brands sold $5,000 of current purchase orders in exchange for $4,000 cash. As a further inducement for purchaser to enter into the agreement as collateral security for any and all obligations owing by PayMeOn Brands to purchaser, PayMeOn Brands has granted to purchaser, as collateral security, a first lien security interest in all of PayMeOn Brands’ accounts created as a result of purchase orders financed or purchased by purchaser and all inventory. The Company recorded a $1,000 deferred finance charge on the date of issuance. As of December 31, 2016, the Company amortized all of the $1,000 deferred finance charge. As of December 31, 2017 and 2016 the Company had a balance outstanding of $4,000. The $4,000 is included in current liabilities held for sale on the December 31, 2017 and 2016 consolidated balance sheets.