XML 18 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 4,639,587 $ 4,282,553
Accounts receivable 694,390 307,874
Accounts receivable- related party 1,338,956 1,537,863
Accounts receivable other 380,917 1,743,874
Merchant reserve 626,160 0
Marketable securities 1,373,133 1,050,961
Investment other securities 1,159,112 1,159,112
Note receivable 477,000 459,000
Note receivable - related party 0 156,147
Inventory 2,065,465 123,223
Inventory prepaid 306,870 0
Deferred issuance costs 0 28,049
Prepaid consulting agreement 50,000 200,000
Prepaid rent 108,000 180,000
Prepaid services with stock 270,437 0
Prepaid expenses and other current assets 654,196 561,491
Total current assets 14,144,223 11,790,147
Other assets:    
Property and equipment, net 817,413 53,480
Goodwill 55,144,269 0
Intangible assets, net 24,729,322 3,173,985
Total other assets 80,691,004 3,227,465
Total assets 94,835,227 15,017,612
Current liabilities:    
Accounts payable 852,537 473,717
Accounts payable related party 0 7,860
Deferred revenue 33,333 161,458
Note payable - related parties 561,770 0
Customer deposit - related party 90,000 0
Accrued payroll 287,906 0
Accrued expenses 27,481 6,920
Accrued expenses - related party 18,265 320,000
Total current liabilities 1,871,292 969,955
Long term liabilities    
Other long term liabilities 6,734 7,502
Contingent liability 102,267,557 0
Long term liabilities - to related party 184,300 0
Deferred tax liability 3,921,000 21,000
Total long term liabilities 106,379,591 28,502
Total liabilities 108,250,883 998,457
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, 10,170,356 and 8,123,928 shares issued and outstanding, respectively 10,170 8,124
Additional paid in capital 28,383,374 21,781,095
Accumulated other comprehensive income (loss) 0 (2,512,539)
Accumulated deficit (43,083,487) (6,669,497)
Total cbdMD, Inc. shareholders' equity (deficit) (14,689,943) 12,607,183
Non-controlling interest 1,274,287 1,411,972
Total shareholders' equity (deficit) (13,415,656) 14,019,155
Total liabilities and shareholders' equity $ 94,835,227 $ 15,017,612