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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 284,246 $ 34,258
Accounts receivable 141,462 163,974
Accounts receivable- related party 712,325 0
Accounts receivable other 12,440 0
Accounts receivable other- related party 236,364 0
Investment other securities 859,112 0
Note receivable - related party 276,375 0
Inventory 588,197 614,207
Deferred initial public offering costs 497,735 0
Prepaid expenses and other current assets 85,420 143,878
Total current assets 3,693,676 956,317
Other assets:    
Property and equipment, net 135,476 180,281
Intangible assets, net 3,240,287 486,760
Total other assets 3,375,763 667,041
Total assets 7,069,439 1,623,358
Current liabilities:    
Accounts payable 397,601 206,156
Accounts payable related party 67,879 0
Deferred revenue 41,417 0
Accrued expenses 123,823 787,139
Accrued expenses to related party 892,805 0
Interest Payable 0 113,241
Line of credit payable to related party, net of unamortized costs of $0 and $96,250, respectively 0 797,547
Total current liabilities 1,523,525 1,904,083
Long term liabilities    
Long term liabilities, to related party 360,000 0
Deferred tax liability 37,000 12,000
Total long term liabilities 397,000 12,000
Total liabilities 1,920,525 1,916,083
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, 5,792,261 and 3,400,834 shares issued and outstanding, respectively 5,792 3,401
Additional paid in capital 10,463,480 4,847,362
Accumulated deficit (6,257,421) (4,487,336)
Total Level Brands, Inc. shareholders' equity 4,211,851 363,427
Non-controlling interest 937,063 (656,152)
Total shareholders' equity (deficit) 5,148,914 (292,725)
Total liabilities and shareholders' equity (deficit) $ 7,069,439 $ 1,623,358