Marketing Agreement (Details) - USD ($) |
12 Months Ended | ||
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Jun. 26, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Marketing Agreement (Textual) | |||
Number of shares issued, value | $ 275,000 | ||
Debt accrued interest | $ 80,546 | 7,984 | |
Accrued expenses | 400,000 | ||
Level Brands, Inc. [Member] | 8% Note Payable Due on December 31, 2019 [Member] | |||
Marketing Agreement (Textual) | |||
Face amount | 450,000 | ||
Proceeds from notes payable | 750,000 | ||
Debt accrued interest | 54,493 | $ 18,493 | |
Number of shares not issued, value | $ 400,000 | ||
Matures date | Dec. 31, 2019 | ||
Interest rate | 8.00% | ||
Level Brands, Inc. [Member] | Licensing Agreement [Member] | |||
Marketing Agreement (Textual) | |||
Description of agreement term | The initial term of the License Agreement is seven years, with an automatic two-year extension unless either party notifies the other of non-renewal at least 90 days prior to the end of the then current term. | ||
Marketing fee | $ 850,000 | $ 100,000 | |
Repayments of promissory note | 450,000 | ||
Number of shares issued (in shares) | 100,000 | ||
Number of shares issued, value | $ 400,000 | ||
Description of royalty percentage | A royalty of 5% of the gross licensed marks sales up to $10,000,000, 7.5% royalty on sales from $10,000,000 to $50,000,0000 and 10% on sales over $50,000,000, payable monthly as well as a 1% of all revenue for all Company products as of the date hereof. |
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- Definition A description of the agreement term. No definition available.
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- Definition A description of royalty percentage. No definition available.
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- Definition Marketing Agreement (Textual). No definition available.
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- Definition Repreesents number of shres not issued value. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Increase for accrued, but unpaid interest on the debt instrument for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Number of new stock issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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