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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]        
Sales $ 7,790,436 $ 3,031,654 $ 9,257,899 $ 3,480,447
Sales related party 0 54,545 0 309,090
Total Gross Sales 7,790,436 3,086,199 9,257,899 3,789,537
Allowances (2,117,084) (5,289) (2,335,518) (20,871)
Net Sales 5,673,352 3,026,365 6,922,381 3,459,576
Net sales related party 0 54,545 0 309,090
Total Net Sales 5,673,352 3,080,910 6,922,381 3,768,666
Costs of sales 2,134,662 523,821 2,625,670 751,944
Gross Profit 3,538,689 2,557,089 4,296,711 3,016,722
Operating expenses 5,939,343 937,123 7,484,275 2,624,768
Income (Loss) from operations (2,400,645) 1,619,966 (3,187,564) 391,954
Realized and Unrealized gain (loss) on marketable securities 371,359 0 (1,207,617) 0
(Increase) decrease on contingent liability (30,914,074) 0 (30,914,074) 0
Gain (loss) on disposal of property and equipment 0 200 0 (69,311)
Interest income (expense) 18,086 (246) 62,119 (505)
Income (loss) before provision for income taxes (32,925,274) 1,619,920 (35,247,136) 322,138
Benefit (Provision) for income taxes 1,075,000 23,000 1,208,000 56,000
Net Income (Loss) (31,850,274) 1,642,920 (34,039,136) 378,138
Net loss attributable to non-controlling interest (58,536) 238,523 (137,685) 106,669
Net loss attributable to Level Brands, Inc. common shareholders $ (31,791,738) $ 1,404,397 $ (33,901,451) $ 271,469
Net Income (Loss) per share Basic $ (3.13) $ 0.17 $ (3.35) $ 0.04
Net Income (Loss) per share Diluted $ 0.00 $ 0.17 $ 0.00 $ 0.04
Weighted average number of shares outstanding Basic 10,160,947 8,025,576 10,107,144 7,385,294
Weighted average number of shares outstanding Diluted 10,160,947 8,040,666 10,107,144 7,406,113