Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Apr. 30, 2015 | Jun. 10, 2015 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | JAMMIN JAVA CORP. | |
Entity Central Index Key | 1334586 | |
Document Type | 10-Q | |
Document Period End Date | 30-Apr-15 | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 125,545,910 | |
Document Fiscal Year Focus | 2016 | |
Document Fiscal Period Focus | Q1 |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Apr. 30, 2015 | Jan. 31, 2015 |
Current Assets: | ||
Cash and cash equivalents | $72,031 | $443,189 |
Accounts receivable, net (includes $810,498 due from a related party) | 1,732,247 | 1,154,252 |
Inventory | 153,868 | 197,581 |
Prepaid expenses | 11,660 | 18,986 |
Other current assets | 3,421 | 3,784 |
Total Current Assets | 1,973,227 | 1,817,792 |
Property and equipment, net | 395,498 | 381,248 |
Intangible assets, net | 718,428 | 734,753 |
Other assets | 23,567 | 23,567 |
Total Assets | 3,110,720 | 2,957,360 |
Current Liabilities: | ||
Accounts payable (includes $2,480,206 due to a related party) | 3,253,092 | 2,492,900 |
Accrued expenses | 266,727 | 477,229 |
Accrued royalty and other expenses - related party | 58,609 | 81,078 |
Notes payable | 298,948 | |
Total Current Liabilities | 3,877,376 | 3,051,207 |
Total Liabilities | 3,877,376 | 3,051,207 |
Stockholders' Equity (Deficit): | ||
Common stock, $.001 par value, 5,112,861,525 shares authorized; 125,545,910 and 124,691,748 shares issued and outstanding, as of April 30, 2015 and January 31, 2015, respectively | 125,546 | 124,692 |
Additional paid-in-capital | 24,348,867 | 23,825,294 |
Accumulated deficit | -25,241,069 | -24,043,833 |
Total Stockholders' Equity (Deficit) | -766,656 | -93,847 |
Total Liabilities and Stockholders' Equity (Deficit) | $3,110,720 | $2,957,360 |
BALANCE_SHEETS_Parenthetical
BALANCE SHEETS (Parenthetical) (USD $) | Apr. 30, 2015 | Jan. 31, 2015 |
BALANCE SHEETS [Abstract] | ||
Accounts receivable - related party | $810,498 | |
Accounts payable - related party | $2,480,206 | |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 5,112,861,525 | 5,112,861,525 |
Common stock, shares issued | 125,545,910 | 124,691,748 |
Common stock, shares outstanding | 125,545,910 | 124,691,748 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
STATEMENTS OF OPERATIONS [Abstract] | ||
Revenue: | $2,738,379 | $2,141,037 |
Discounts and allowances | -156,952 | -19,916 |
Net revenue | 2,581,427 | 2,121,121 |
Cost of sales: | ||
Cost of sales products | 1,784,812 | 1,668,376 |
Total cost of sales | 1,784,812 | 1,668,376 |
Gross Profit | 796,615 | 452,745 |
Operating Expenses: | ||
Compensation and benefits | 972,806 | 1,132,148 |
Selling and marketing | 521,116 | 822,773 |
General and administrative | 492,824 | 780,600 |
Total operating expenses | 1,986,746 | 2,735,521 |
Other income (expense): | ||
Other income (expense) | 370,024 | |
Interest expense | -7,105 | -437 |
Total other income (expense) | -7,105 | 369,587 |
Net Loss | ($1,197,236) | ($1,913,189) |
Net loss per share: | ||
Basic and diluted loss per share | ($0.01) | ($0.02) |
Weighted average common shares outstanding - basic and diluted | 124,879,545 | 106,390,682 |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Cash Flows From Operating Activities: | ||
Net loss | ($1,197,236) | ($1,913,189) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Common stock issued for services | 156,381 | 166,147 |
Shared-based employee compensation | 368,046 | 604,777 |
Depreciation | 41,273 | 22,637 |
Amortization of license agreement | 4,159 | 1,248 |
Amortization of intangible assets | 12,166 | 12,167 |
Changes in operating assets and liabilities: | ||
Accounts receivable | -577,995 | -390,616 |
Inventory | 43,713 | 239,944 |
Prepaid expenses and other current assets | 7,689 | 1,023,940 |
Other assets - long term | -5,600 | |
Accounts payable | 760,192 | -657,968 |
Accrued expenses | -210,502 | -17,145 |
Accrued royalty and other expenses - related party | -22,469 | -7,233 |
Net cash used in operating activities | -614,583 | -920,891 |
Cash Flows From Investing Activities: | ||
Purchases of property and equipment | -55,523 | -13,089 |
Net cash used in investing activities | -55,523 | -13,089 |
Cash Flows From Financing Activities: | ||
Common stock issued for cash | 2,500,000 | |
Borrowings on short term debt | 298,948 | -4,965 |
Net cash provided by financing activities | 298,948 | 2,495,035 |
Net change in cash and cash equivalents | -371,158 | 1,561,055 |
Cash and cash equivalents at beginning of period | 443,189 | 857,122 |
Cash and cash equivalents at end of period | 72,031 | 2,418,177 |
Non-Cash Transactions: | ||
Extinguishment of debt for stock | 369,589 | |
Addition of capital leases | $73,000 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Apr. 30, 2015 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | Note 1. Basis of Presentation |
The accompanying unaudited interim financial statements of Jammin Java Corp. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year or any other future period. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year as reported in the Company's Annual Report on Form 10-K have been omitted. The accompanying balance sheet at April 30, 2015 has been derived from the audited balance sheet at January 31, 2015 contained in such Form 10-K. | |
As used in this Quarterly Report, the terms “we,” “us,” “our,” “Jammin Java” and the “Company” mean Jammin Java Corp., unless otherwise indicated. All dollar amounts in this Quarterly Report are in U.S. dollars unless otherwise stated. |
Going_Concern_and_Liquidity
Going Concern and Liquidity | 3 Months Ended |
Apr. 30, 2015 | |
Going Concern and Liquidity [Abstract] | |
Going Concern and Liquidity | Note 2. Going Concern and Liquidity |
These financial statements have been prepared by management assuming that the Company will be able to continue as a going concern and contemplate the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments to the recoverability of recorded asset amounts or the amounts or classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. | |
The Company incurred a net loss of $1,197,236 for the three months ended April 30, 2015, and has an accumulated deficit since inception of $25,241,069. The Company has a history of losses and has only recently begun to generate revenue as part of its principal operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The operations of the Company have primarily been funded by the sale of its common stock. The Company will, in the future, need to secure additional funds through future equity sales or other fund raising activities. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. | |
The Company's ability to meet its obligations in the ordinary course of business is dependent upon its ability to sell its products directly to end-users and through distributors, establish profitable operations through increased sales and decreased expenses, and obtain additional funds when needed. Management intends to increase sales by increasing the Company's product offerings, expanding its direct sales force and expanding its domestic and international distributor relationships. | |
There can be no assurance that the Company will be able to increase sales, reduce expenses or obtain additional financing, if necessary, at a level to meet its current obligations. As a result, the opinion the Company received from its independent registered public accounting firm on its January 31, 2015 financial statements contains an explanatory paragraph stating that there is a substantial doubt regarding the Company's ability to continue as a going concern. |
Business_Overview_and_Summary_
Business Overview and Summary of Accounting Policies | 3 Months Ended |
Apr. 30, 2015 | |
Business Overview and Summary of Accounting Policies [Abstract] | |
Business Overview and Summary of Accounting Policies | Note 3. Business Overview and Summary of Accounting Policies |
Jammin Java, doing business as Marley Coffee, is a United States (U.S.)-based company that provides sustainably grown, ethically farmed and artisan roasted gourmet coffee through multiple U.S. and international distribution channels, using the Marley Coffee brand name. U.S. and international grocery retail channels have become the Company's largest revenue channels, followed by online retail, office coffee services (referred to herein as OCS), food service outlets and licensing. The Company intends to continue to develop these revenue channels and achieve a leadership position in the gourmet coffee space by capitalizing on the global recognition of the Marley name through the licensing of the Marley Coffee trademarks. | |
Reclassifications. Certain prior period amounts have been reclassified to conform with the current period presentation for comparative purposes. | |
Use of Estimates in Financial Statement Preparation. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as certain financial statement disclosures. While management believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. | |
Cash and Cash Equivalents. The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. As of April 30, 2015, the Company had $72,031 of cash equivalents. Additionally, no interest income was recognized for the three months ended April 30, 2015. | |
Revenue Recognition. Revenue is derived from the sale of coffee products and is recognized on a gross basis upon shipment to the customer. All revenue is recognized when (i) persuasive evidence of an arrangement exists; (ii) the service or sale is completed; (iii) the price is fixed or determinable; and (iv) the ability to collect is reasonably assured. Revenue is recognized as the net amount estimated to be received after deducting estimated amounts for discounts, trade allowances and product terms. We record promotional and return allowances based on recent and historical trends. Promotional allowances, including customer incentive and trade promotion activities, are recorded as a reduction to sales based on amounts estimated being due to customers, based primarily on historical utilization and redemption rates. | |
The Company utilizes third parties for the production and fulfillment of orders placed by customers. The Company, acting as principal, takes title to the product and assumes the risks of ownership; namely, the risks of loss for collection, delivery and returns. | |
Allowance for Doubtful Accounts. The Company does not require collateral from its customers with respect to accounts receivable. The Company determines any required allowance by considering a number of factors, including the terms for each customer, and the length of time accounts receivable are outstanding. Management provides an allowance for accounts receivable whenever it is evident that they become uncollectible. The Company has reserved an allowance of $100,000 for doubtful accounts at April 30, 2015 and January 31, 2015. Because our accounts receivable are concentrated in a relatively few number of customers, a significant change in the liquidity or financial position of any one of these customers could have a material adverse effect on the collectability of our accounts receivable and our future operating results. | |
Inventories. Inventories are stated at the lower of cost or market. Cost is computed using weighted average cost, which approximates actual cost, on a first-in, first-out basis. Inventories on hand are evaluated on an on-going basis to determine if any items are obsolete or in excess of future needs. Items determined to be obsolete are reserved for. The Company provides for the possible inability to sell its inventories by providing an excess inventory reserve. As of April 30, 2015, the Company determined that no reserve was required. | |
Property and Equipment. Equipment is stated at cost less accumulated depreciation and amortization. Maintenance and repairs, as incurred, are charged to expense. Renewals and enhancements which extend the life or improve existing equipment are capitalized. Upon disposition or retirement of equipment, the cost and related accumulated depreciation are removed and any resulting gain or loss is reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are three years. | |
Depreciation was $41,273 and $22,637 for the three months ended April 30, 2015 and 2014, respectively. | |
Impairment of Long-Lived Assets. Long-lived assets consist primarily of a license agreement that was recorded at the estimated cost to acquire the asset. The license agreement is reviewed for impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable (see Note 5). Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. In the event that such cash flows are not expected to be sufficient to recover the carrying amount of the assets, the assets are written down to their estimated fair values. Management evaluated the carrying value of long-lived assets including the license and determined that no impairment existed at April 30, 2015. | |
Accounts Receivable due from Roasters. Oftentimes we source coffee that we sell to our roaster, Mother Parkers, a related party and shareholder of the Company, who in turn sells it to its own customers. This is especially the case with Jamaican Blue Mountain coffee secured by us. Mother Parkers is also a shareholder of the Company. At April 30, 2015, we are owed $810,498 by Mother Parkers. We also utilize the services of Mother Parkers, to roast coffee to our specifications for sale to the Company's customers. As a result, at April 30, 2015, we owe $2,480,206 to Mother Parkers for roasting services. | |
Financial assets and liabilities are subject to offset and presented as net amounts in the statement of financial position when, and only when, the Company currently has a legally enforceable right to offset amounts and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The Company does not have offset rights with respect to Mother Parkers due to/due from amounts at April 30, 2015. | |
Stock-Based Compensation. Pursuant to the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 718-10, “Compensation – Stock Compensation,” which establishes accounting for equity instruments exchanged for employee service, management utilizes the Black-Scholes option pricing model to estimate the fair value of employee stock option awards at the date of grant, which requires the input of highly subjective assumptions, including expected volatility and expected life. Changes in these inputs and assumptions can materially affect the measure of estimated fair value of our share-based compensation. These assumptions are subjective and generally require significant analysis and judgment to develop. When estimating fair value, some of the assumptions will be based on, or determined from, external data and other assumptions may be derived from our historical experience with stock-based payment arrangements. The appropriate weight to place on historical experience is a matter of judgment, based on relevant facts and circumstances. | |
Common stock issued for services to non-employees is recorded based on the value of the services or the value of the common stock, whichever is more clearly determinable. Whenever the value of the services is not determinable, the measurement date occurs generally at the date of issuance of the stock. In more limited cases, it occurs when a commitment for performance has been reached with the counterparty and nonperformance is subject to significant disincentives. If the total value of stock issued exceeds the par value, the value in excess of the par value is added to the additional paid-in-capital. We estimate volatility of our publicly-listed common stock by considering historical stock volatility. | |
Income Taxes. The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification No 740, Income Taxes. The Company records deferred tax assets and liabilities based on the differences between the financial statement and tax bases of assets and liabilities and on net operating loss carry forwards using enacted tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. | |
Earnings or Loss Per Common Share. Basic earnings per common share equals net earnings or loss divided by the weighted average of shares outstanding during the reporting period. Diluted earnings per share includes the impact on dilution from all contingently issuable shares, including options, warrants and convertible securities. The common stock equivalents from contingent shares are determined by the treasury stock method. The Company incurred a net loss for the three months ended April 30, 2015 and 2014, respectively. In addition, basic and diluted earnings per share for such periods are the same because all potential common equivalent shares would be anti-dilutive including the 4,000,000 "in-the-money" options as of April 30, 2015. | |
Recently Issued Accounting Pronouncements. Accounting standards that have been issued by the FASB or other standards setting bodies that do not require adoption until a future date are being evaluated by the Company to determine whether adoption will have a material impact on the Company's financial statements. | |
Inventories
Inventories | 3 Months Ended | ||||||||||||
Apr. 30, 2015 | |||||||||||||
Inventories [Abstract] | |||||||||||||
Inventories | Note 4 – Inventories | ||||||||||||
Inventories were comprised of: | |||||||||||||
April 30, | January 31, | ||||||||||||
2015 | 2015 | ||||||||||||
Finished Goods - Coffee | $ | 153,868 | $ | 197,581 | |||||||||
$ | 153,868 | $ | 197,581 |
Trademark_License_Agreements_a
Trademark License Agreements and Intangible Assets | 3 Months Ended | ||||||||||||
Apr. 30, 2015 | |||||||||||||
Trademark License Agreements and Intangible Assets [Abstract] | |||||||||||||
Trademark License Agreements and Intangible Assets | Note 5 – Trademark License Agreements and Intangible Assets | ||||||||||||
Intangible assets include our License Agreement, and intangibles and goodwill arising from our BikeCaffe acquisition and Black Rock Beverage Services asset purchase. The amortization periods are fifteen years and ten years for the license agreement and intangible assets, respectively. Amortization expense consists of the following: | |||||||||||||
April 30, | January 31, | ||||||||||||
2015 | |||||||||||||
2015 | |||||||||||||
License Agreement | $ | 730,000 | $ | 730,000 | |||||||||
Intangible assets | 49,900 | 49,900 | |||||||||||
Total | $ | 779,900 | $ | 779,900 | |||||||||
Accumulated amortization | (149,634 | ) | -133,309 | ||||||||||
Intangibles subject to amortization | $ | 630,266 | 646,591 | ||||||||||
Goodwill | 88,162 | 88,162 | |||||||||||
Total intangible assets | $ | 718,428 | $ | 734,753 | |||||||||
For the three months ending April 30, | |||||||||||||
2015 | 2014 | ||||||||||||
License Agreement | $ | (12,166 | ) | $ | (12,167 | ) | |||||||
Intangible assets | (4,159 | ) | (1,248 | ) | |||||||||
Total License Agreement Amortization Expense | $ | (16,325 | ) | $ | (13,415 | ) | |||||||
As of April 30, 2015, the remaining useful life of the Company's license agreement was approximately 12.3 years. The following table shows the estimated amortization expense for the license agreement for each of the five succeeding fiscal years and thereafter. | |||||||||||||
Years Ending January 31, | |||||||||||||
2016 | $ | 34,126 | |||||||||||
2017 | 46,292 | ||||||||||||
2018 | 46,292 | ||||||||||||
2019 | 46,292 | ||||||||||||
2020 | 46,292 | ||||||||||||
Thereafter | 376,874 | ||||||||||||
Total | $ | 596,168 | |||||||||||
Notes_Payable
Notes Payable | 3 Months Ended |
Apr. 30, 2015 | |
Notes Payable [Abstract] | |
Notes Payable | Note 6 – Notes Payable |
The Company entered into an unsecured Revolving Line of Credit Agreement with Colorado Medical Finance Services, LLC, dba Gold Gross Capital LLC on June 9, 2015, with an effective date of February 16, 2015. The line of credit allows the Company the right to borrow up to $500,000 from the lender from time to time. On March 26, 2015, the lender advanced $250,000 to us under the terms of the line of credit. Amounts owed under the line of credit are to be memorialized by revolving credit notes in the form attached to the line of credit, provided that no formal note has been entered into to advance amounts borrowed to date. Amounts borrowed under the line of credit accrue interest at the rate of 17.5% per annum and can be repaid at any time without penalty. A total of 10% of the interest rate is payable in cash and the other 7.5% of the interest rate is payable in cash, or at the option of the lender and with our consent, or by a reduction in amounts owed to us by the lender in connection with the sale of coffee or other promotional activities. The line of credit expires, and all amounts are due under the line of credit on September 26, 2016. The line of credit contains customary events of default, and upon the occurrence of an event of default the lender can suspend further advances and require the Company to declare the entire amount then owed immediately due, subject to a 10 day period pursuant to which we have the right to cure any default. Upon the occurrence of an event of default the amounts owed under the line of credit bear interest at the rate of 20% per annum. Proceeds from the line of credit can be solely used for working capital purposes. The lender has no relationship with the Company or its affiliates. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Apr. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 7 – Related Party Transactions |
Transactions with Marley Coffee Ltd. | |
During the three months ended April 30, 2015 and 2014, the Company made purchases of $161,645 and $64,925, respectively, from Marley Coffee Ltd. ("MC") a producer of Jamaican Blue Mountain coffee that the Company purchases in the normal course of its business. The Company directs these purchases to third-party roasters for fulfillment of sales orders. The Company's Chairman, Rohan Marley, is an owner of approximately 25% of the equity of MC. |
Stockholders_Equity
Stockholders' Equity | 3 Months Ended | ||||||||
Apr. 30, 2015 | |||||||||
Stockholders' Equity [Abstract] | |||||||||
Stockholders' Equity | Note 8 – Stockholders' Equity | ||||||||
Share-based Compensation: | |||||||||
On August 5, 2011, the Board of Directors approved the Company's 2011 Equity Compensation Plan (the “2011 Plan”). The 2011 Plan authorizes the issuance of various forms of stock-based awards, including incentive or non-qualified options, restricted stock awards, performance shares and other securities as described in greater detail in the 2011 Plan, to the Company's employees, officers, directors and consultants. A total of 20,000,000 shares are authorized for issuance under the 2011 Plan, which has not been approved by the stockholders of the Company. As of April 30, 2015 a total of 16,333,333 shares are available for issuance under the 2011 Plan. | |||||||||
On October 14, 2012, the Board of Directors approved the Company's 2012 Equity Incentive Plan, which was amended and restated on September 19, 2013 (as amended and restated, the “2012 Plan”). The 2012 Plan authorizes the issuance of various forms of stock-based awards, including incentive or non-qualified options, restricted stock awards, restricted units, stock appreciation rights, performance shares and other securities as described in greater detail in the 2012 Plan, to the Company's employees, officers, directors and consultants. A total of 12,000,000 shares are authorized for issuance under the 2012 Plan, which has been approved by the stockholders of the Company, and as of April 30, 2015, a total of 60,717 shares are available for issuance under the 2012 Plan. | |||||||||
On September 10, 2013, the Board of Directors approved the Company's 2013 Equity Incentive Plan (the “2013 Plan”). The 2013 Plan authorizes the issuance of various forms of stock-based awards, including incentive or non-qualified options, restricted stock awards, restricted units, stock appreciation rights, performance shares and other securities as described in greater detail in the 2013 Plan, to the Company's employees, officers, directors and consultants. A total of 12,000,000 shares are authorized for issuance under the 2013 Plan, which has been approved by the stockholders of the Company, and as of April 30, 2015, a total of 2,250,033 shares are available for issuance under the 2013 Plan. | |||||||||
The Plans are administered by the Board of Directors in its discretion. The Board of Directors interprets the Plans and has broad discretion to select the eligible persons to whom awards will be granted, as well as the type, size and terms and conditions of each award, including the exercise price of stock options, the number of shares subject to awards, the expiration date of awards, and the vesting schedule or other restrictions applicable to awards. | |||||||||
During the three months ended April 30, 2015 and 2014, the Company recognized share-based compensation expenses totaling $368,046 and $604,777, respectively. The remaining amount of unamortized stock option expense at April 30, 2015 was $1,842,873. | |||||||||
The intrinsic value of exercisable and outstanding options at April 30, 2015 and 2014 was $520,000 and $488,333, respectively. | |||||||||
Activity in stock options during the three month period ended April 30, 2015 and related balances outstanding as of that date are set forth below: | |||||||||
Weighted Average | |||||||||
Number of | Weighted Average | Remaing Contract | |||||||
Shares | Exercise Price | Term (# of years) | |||||||
Outstanding at February 1, 2015 | 17,830,000 | 0.35 | |||||||
Granted | 500,000 | 0.22 | |||||||
Exercised | - | - | |||||||
Forfeited and canceled | -60,000 | 0.21 | |||||||
Outstanding at April 30, 2015 | 18,270,000 | $ | 0.35 | 3.13 | |||||
Exercisable at April 30, 2015 | 11,149,160 | $ | 0.33 | 2.82 | |||||
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended | ||
Apr. 30, 2015 | |||
Commitments and Contingencies [Abstract] | |||
Commitments and Contingencies | Note 9 – Commitments and Contingencies | ||
On July 28, 2014, Shane Whittle, individually, a former significant shareholder and officer and director of the Company (“Whittle”) filed a complaint against the Company in the District Court, City and County of Denver, State of Colorado (Case No. 2014-CV-032991 Division: 209). The complaint alleged that Whittle entered into a consulting agreement with the Company for which the Company failed to make payments and that Rohan Marley, as both a director of the Company and of Marley Coffee Canada, Inc., additionally agreed that, as part of Whittle's consulting compensation, the Company would assume a debt owed by Marley Coffee Canada to Whittle. The cause of action set forth in the complaint includes breach of contract. Damages claimed by Whittle included $60,000 under the consulting agreement and $19,715 related to payments assumed by the Company. Effective on March 31, 2015, the Company and Mr. Whittle entered into a Settlement Agreement and Release of Claims (the “Settlement”), pursuant to which the parties agreed to dismiss their claims associated with the District Court, City and County of Denver, State of Colorado (Case No. 2014-CV-032991 Division: 209), lawsuit described above. Pursuant to the terms of the Settlement, the Company agreed to pay Mr. Whittle $80,000 which was accrued as of January 31, 2015 (to be paid in equal payments of $10,000 per month beginning on April 1, 2015), the Company agreed to withdraw from a joinder in connection with the Federal Action pending between the parties (and certain other parties) as described below, the parties provided each other mutual releases and the parties agreed to mutually dismiss, with prejudice, their claims. | |||
In a separate case, on September 30, 2014, Whittle individually, and derivatively on behalf of Marley Coffee LLC (“MC LLC”) filed a complaint against Rohan Marley, Cedella Marley, the Company, Hope Road Merchandising, LLC, Fifty-Six Hope Road Music Limited, and Marley Coffee Estate Limited in the United States District Court for the District of Colorado (Civil Action No. 2014-CV-2680). The complaint alleges that Whittle entered into a partnership with Rohan Marley, to sell premium coffee products branded after the name and likeness of Rohan Marley. The causes of action set forth in the complaint include, among others, racketeering activity, trademark infringement, breach of fiduciary duty, civil theft, and civil conspiracy (some of which causes of action are not directly alleged against the Company), which are alleged to have directly caused Whittle and Marley Coffee LLC substantial financial harm. Damages claimed by Whittle and MC LLC include economic damages to be proven at trial, profits made by defendants, treble damages, punitive damages, attorneys' fees and pre and post judgment interest. The Company has engaged legal counsel in the matter. The outcome of this lawsuit cannot be predicted with any degree of reasonable certainty. In the event the matter is not settled, the Company intends to continue to vigorously defend itself against Whittle's and MC LLC's claims. | |||
On December 15, 2014, a complaint was filed against the Company in the Superior Court of State of California, for the County of Los Angeles – Central Division (Case Number: BC566749), pursuant to which Sky Consulting Group, Inc. (“Sky”), made various claims against the Company, Mr. Tran, the Company's President and Director, Marley C&V International, and various other parties. The complaint alleged causes of action for breach of contract, fraud, negligent representation, intentional interference with contractual relationship and negligent interference with contractual relationship, relating to a May 2013 coffee distributor agreement between the Company and Sky, which provided Sky the right to sell Company branded coffee products in Korea. The suit seeks damages, punitive damages, court costs and attorney's fees. The Company subsequently filed a motion to compel arbitration pursuant to the terms of the agreement, which was approved by the court on April 7, 2015. The outcome of this lawsuit cannot be predicted with any degree of reasonable certainty. As of this filing date the case is in Arbitration. | |||
Leases: | |||
The Company's Black Rock Beverage division entered into two thirty-six month Capital Lease agreements with Cafection Enterprises Inc. of Quebec, Canada for approximately $56,000 and $17,000 ($U.S. dollars) for 10 and 4 coffee makers, respectively. Payments of $1,844 are due monthly through November 2017 and of $575 are due monthly through May 2018. | |||
• | $1,844 per month from December 10, 2014 to November 10, 2017; | ||
• | $575 per month from June 10, 2015 to May 10, 2018. |
Concentrations
Concentrations | 3 Months Ended |
Apr. 30, 2015 | |
Concentrations [Abstract] | |
Concentrations | Note 10 – Concentrations |
A significant portion of our revenue is derived from our relationships with a limited number of vendors and distributors. The loss of one or more of our significant vendors or distributors would have a material impact on our revenues and results of operations. During the three month period ended April 30, 2015, three customers accounted for 47% of net revenues. During the three month period ended April 30, 2014, three customers accounted for 57% of net revenues. | |
During the three month period ended April 30, 2015, two vendors accounted for 86% of purchases. During the three month period ended April 30, 2014, three vendors accounted for 82% of purchases. | |
For the three month period ended April 30, 2015, total sales in Canada totaled $219,803 and for the three month period ended April 30, 2014, total sales in Canada totaled $69,213. | |
For the three month period ended April 30, 2015, sales in South Korea for Green coffee and retail coffee sales totaled $295,759 and for the three month period ended April 30, 2014, sales in South Korea totaled $0. | |
For the three month period ended April 30, 2015, sales in Chile totaled $184,240 and for the three month ended April 30, 2014, sales in Chile totaled $47,520. |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Apr. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 11 – Subsequent Events |
Management evaluated all subsequent events through the date that the financial statements were filed with the Securities and Exchange Commission, and concluded that no additional subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements. |
Business_Overview_and_Summary_1
Business Overview and Summary of Accounting Policies (Policies) | 3 Months Ended |
Apr. 30, 2015 | |
Business Overview and Summary of Accounting Policies [Abstract] | |
Reclassifications | Reclassifications. Certain prior period amounts have been reclassified to conform with the current period presentation for comparative purposes. |
Use of Estimates in Financial Statement Preparation | Use of Estimates in Financial Statement Preparation. The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as certain financial statement disclosures. While management believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. |
Cash and Cash Equivalents | Cash and Cash Equivalents. The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. As of April 30, 2015, the Company had $72,031 of cash equivalents. Additionally, no interest income was recognized for the three months ended April 30, 2015. |
Revenue Recognition | Revenue Recognition. Revenue is derived from the sale of coffee products and is recognized on a gross basis upon shipment to the customer. All revenue is recognized when (i) persuasive evidence of an arrangement exists; (ii) the service or sale is completed; (iii) the price is fixed or determinable; and (iv) the ability to collect is reasonably assured. Revenue is recognized as the net amount estimated to be received after deducting estimated amounts for discounts, trade allowances and product terms. We record promotional and return allowances based on recent and historical trends. Promotional allowances, including customer incentive and trade promotion activities, are recorded as a reduction to sales based on amounts estimated being due to customers, based primarily on historical utilization and redemption rates. |
The Company utilizes third parties for the production and fulfillment of orders placed by customers. The Company, acting as principal, takes title to the product and assumes the risks of ownership; namely, the risks of loss for collection, delivery and returns. | |
Allowance for Doubtful Accounts | Allowance for Doubtful Accounts. The Company does not require collateral from its customers with respect to accounts receivable. The Company determines any required allowance by considering a number of factors, including the terms for each customer, and the length of time accounts receivable are outstanding. Management provides an allowance for accounts receivable whenever it is evident that they become uncollectible. The Company has reserved an allowance of $100,000 for doubtful accounts at April 30, 2015 and January 31, 2015. Because our accounts receivable are concentrated in a relatively few number of customers, a significant change in the liquidity or financial position of any one of these customers could have a material adverse effect on the collectability of our accounts receivable and our future operating results. |
Inventories | Inventories. Inventories are stated at the lower of cost or market. Cost is computed using weighted average cost, which approximates actual cost, on a first-in, first-out basis. Inventories on hand are evaluated on an on-going basis to determine if any items are obsolete or in excess of future needs. Items determined to be obsolete are reserved for. The Company provides for the possible inability to sell its inventories by providing an excess inventory reserve. As of April 30, 2015, the Company determined that no reserve was required. |
Property and Equipment | Property and Equipment. Equipment is stated at cost less accumulated depreciation and amortization. Maintenance and repairs, as incurred, are charged to expense. Renewals and enhancements which extend the life or improve existing equipment are capitalized. Upon disposition or retirement of equipment, the cost and related accumulated depreciation are removed and any resulting gain or loss is reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are three years. |
Depreciation was $41,273 and $22,637 for the three months ended April 30, 2015 and 2014, respectively. | |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets. Long-lived assets consist primarily of a license agreement that was recorded at the estimated cost to acquire the asset. The license agreement is reviewed for impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable (see Note 5). Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. In the event that such cash flows are not expected to be sufficient to recover the carrying amount of the assets, the assets are written down to their estimated fair values. Management evaluated the carrying value of long-lived assets including the license and determined that no impairment existed at April 30, 2015. |
Accounts Receivable due from Roasters | Accounts Receivable due from Roasters. Oftentimes we source coffee that we sell to our roaster, Mother Parkers, a related party and shareholder of the Company, who in turn sells it to its own customers. This is especially the case with Jamaican Blue Mountain coffee secured by us. Mother Parkers is also a shareholder of the Company. At April 30, 2015, we are owed $810,498 by Mother Parkers. We also utilize the services of Mother Parkers, to roast coffee to our specifications for sale to the Company's customers. As a result, at April 30, 2015, we owe $2,480,206 to Mother Parkers for roasting services. |
Financial assets and liabilities are subject to offset and presented as net amounts in the statement of financial position when, and only when, the Company currently has a legally enforceable right to offset amounts and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The Company does not have offset rights with respect to Mother Parkers due to/due from amounts at April 30, 2015. | |
Stock-Based Compensation | Stock-Based Compensation. Pursuant to the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 718-10, “Compensation – Stock Compensation,” which establishes accounting for equity instruments exchanged for employee service, management utilizes the Black-Scholes option pricing model to estimate the fair value of employee stock option awards at the date of grant, which requires the input of highly subjective assumptions, including expected volatility and expected life. Changes in these inputs and assumptions can materially affect the measure of estimated fair value of our share-based compensation. These assumptions are subjective and generally require significant analysis and judgment to develop. When estimating fair value, some of the assumptions will be based on, or determined from, external data and other assumptions may be derived from our historical experience with stock-based payment arrangements. The appropriate weight to place on historical experience is a matter of judgment, based on relevant facts and circumstances. |
Common stock issued for services to non-employees is recorded based on the value of the services or the value of the common stock, whichever is more clearly determinable. Whenever the value of the services is not determinable, the measurement date occurs generally at the date of issuance of the stock. In more limited cases, it occurs when a commitment for performance has been reached with the counterparty and nonperformance is subject to significant disincentives. If the total value of stock issued exceeds the par value, the value in excess of the par value is added to the additional paid-in-capital. We estimate volatility of our publicly-listed common stock by considering historical stock volatility. | |
Income Taxes | Income Taxes. The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification No 740, Income Taxes. The Company records deferred tax assets and liabilities based on the differences between the financial statement and tax bases of assets and liabilities and on net operating loss carry forwards using enacted tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized. |
Earnings or Loss Per Common Share | Earnings or Loss Per Common Share. Basic earnings per common share equals net earnings or loss divided by the weighted average of shares outstanding during the reporting period. Diluted earnings per share includes the impact on dilution from all contingently issuable shares, including options, warrants and convertible securities. The common stock equivalents from contingent shares are determined by the treasury stock method. The Company incurred a net loss for the three months ended April 30, 2015 and 2014, respectively. In addition, basic and diluted earnings per share for such periods are the same because all potential common equivalent shares would be anti-dilutive including the 4,000,000 "in-the-money" options as of April 30, 2015. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements. Accounting standards that have been issued by the FASB or other standards setting bodies that do not require adoption until a future date are being evaluated by the Company to determine whether adoption will have a material impact on the Company's financial statements. |
Inventories_Tables
Inventories (Tables) | 3 Months Ended | ||||||||||||
Apr. 30, 2015 | |||||||||||||
Inventories [Abstract] | |||||||||||||
Schedule of Inventory | April 30, | January 31, | |||||||||||
2015 | 2015 | ||||||||||||
Finished Goods - Coffee | $ | 153,868 | $ | 197,581 | |||||||||
$ | 153,868 | $ | 197,581 |
Trademark_License_Agreements_a1
Trademark License Agreements and Intangible Assets (Tables) | 3 Months Ended | ||||||||||||
Apr. 30, 2015 | |||||||||||||
Trademark License Agreements and Intangible Assets [Abstract] | |||||||||||||
Schedule of Intangible Assets and Goodwill | April 30, | January 31, | |||||||||||
2015 | |||||||||||||
2015 | |||||||||||||
License Agreement | $ | 730,000 | $ | 730,000 | |||||||||
Intangible assets | 49,900 | 49,900 | |||||||||||
Total | $ | 779,900 | $ | 779,900 | |||||||||
Accumulated amortization | (149,634 | ) | -133,309 | ||||||||||
Intangibles subject to amortization | $ | 630,266 | 646,591 | ||||||||||
Goodwill | 88,162 | 88,162 | |||||||||||
Total intangible assets | $ | 718,428 | $ | 734,753 | |||||||||
Schedule of Amortization Expense | For the three months ending April 30, | ||||||||||||
2015 | 2014 | ||||||||||||
License Agreement | $ | (12,166 | ) | $ | (12,167 | ) | |||||||
Intangible assets | (4,159 | ) | (1,248 | ) | |||||||||
Total License Agreement Amortization Expense | $ | (16,325 | ) | $ | (13,415 | ) | |||||||
Schedule of Future Amortization Expense | Years Ending January 31, | ||||||||||||
2016 | $ | 34,126 | |||||||||||
2017 | 46,292 | ||||||||||||
2018 | 46,292 | ||||||||||||
2019 | 46,292 | ||||||||||||
2020 | 46,292 | ||||||||||||
Thereafter | 376,874 | ||||||||||||
Total | $ | 596,168 |
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 3 Months Ended | ||||||||
Apr. 30, 2015 | |||||||||
STOCK BASED COMPENSATION [Abstract] | |||||||||
Schedule of Activity in Stock Options | Weighted Average | ||||||||
Number of | Weighted Average | Remaing Contract | |||||||
Shares | Exercise Price | Term (# of years) | |||||||
Outstanding at February 1, 2015 | 17,830,000 | 0.35 | |||||||
Granted | 500,000 | 0.22 | |||||||
Exercised | - | - | |||||||
Forfeited and canceled | -60,000 | 0.21 | |||||||
Outstanding at April 30, 2015 | 18,270,000 | $ | 0.35 | 3.13 | |||||
Exercisable at April 30, 2015 | 11,149,160 | $ | 0.33 | 2.82 |
Going_Concern_and_Liquidity_De
Going Concern and Liquidity (Details) (USD $) | 3 Months Ended | ||
Apr. 30, 2015 | Apr. 30, 2014 | Jan. 31, 2015 | |
Going Concern and Liquidity [Abstract] | |||
Net loss | ($1,197,236) | ($1,913,189) | |
Accumulated deficit | ($25,241,069) | ($24,043,833) |
Business_Overview_and_Summary_2
Business Overview and Summary of Accounting Policies (Narrative) (Details) (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Business Overview and Summary of Accounting Policies [Abstract] | ||
Cash equivalents | $72,031 | |
Allowance for doubtful accounts | 100,000 | |
Depreciation Expense | 41,273 | 22,637 |
Receivables from Mother Parkers | 810,498 | |
Payables to Mother Parkers | $2,480,206 | |
Anti-dilutive options excluded from earnings per share calculation | 4,000,000 |
Inventories_Details
Inventories (Details) (USD $) | Apr. 30, 2015 | Jan. 31, 2015 |
Inventories [Abstract] | ||
Finished Goods - Coffee | $153,868 | $197,581 |
Inventories | $153,868 | $197,581 |
Trademark_License_Agreements_a2
Trademark License Agreements and Intangible Assets (Narrative) (Details) | 3 Months Ended |
Apr. 30, 2015 | |
License agreement amortization period | 15 years |
Intangible assets amortization period | 10 years |
Remaining useful life of license agreement | 12 years 3 months 18 days |
Trademark_License_Agreements_a3
Trademark License Agreements and Intangible Assets (Schedule of License Agreements) (Details) (USD $) | Apr. 30, 2015 | Jan. 31, 2015 |
Trademark License Agreements and Intangible Assets [Abstract] | ||
License Agreement | $730,000 | $730,000 |
Intangible assets | 49,900 | 49,900 |
Total | 779,900 | 779,900 |
Accumulated amortization | -149,634 | -133,309 |
Intangibles subject to amortization | 630,266 | 646,591 |
Goodwill | 88,162 | 88,162 |
Total intangible assets | $718,428 | $734,753 |
Trademark_License_Agreements_a4
Trademark License Agreements and Intangible Assets (Schedule of Amortization Expense) (Details) (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Trademark License Agreements and Intangible Assets [Abstract] | ||
License Agreement | ($4,159) | ($1,248) |
Intangible assets | -12,166 | -12,167 |
Total License Agreement Amortization Expense | ($16,325) | ($13,415) |
Trademark_License_Agreements_a5
Trademark License Agreements and Intangible Assets (Schedule of Future Amortization Expense) (Details) (USD $) | Apr. 30, 2015 | Jan. 31, 2015 |
Years Ending January 31, | ||
Intangibles subject to amortization | $630,266 | $646,591 |
License Agreement [Member] | ||
Years Ending January 31, | ||
2016 | 34,126 | |
2017 | 46,292 | |
2018 | 46,292 | |
2019 | 46,292 | |
2020 | 46,292 | |
Thereafter | 376,874 | |
Intangibles subject to amortization | $596,168 |
Notes_Payable_Details
Notes Payable (Details) (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Mar. 26, 2015 | |
Notes Payable [Abstract] | ||
Line of credit facility, effective date | 16-Feb-15 | |
Line of credit facility, maximum borrowing capacity | $500,000 | |
Line of credit facility, amount advanced | $250,000 | |
Line of credit facility, interest rate per annum | 17.50% | |
Line of credit facility, interest rate payable in cash | 10.00% | |
Line of credit facility, interest rate payable in cash or receivables reduction | 7.50% | |
Line of credit facility, expiration date | 26-Sep-16 | |
Line of credit facility, days given to cure default | 10 days | |
Line of credit facility, interest rate upon default | 20.00% |
Related_Party_Transactions_Det
Related Party Transactions (Details) (Marley Coffee Ltd - Rohan Marley [Member], USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Marley Coffee Ltd - Rohan Marley [Member] | ||
Related Party Transaction [Line Items] | ||
Purchase from related parties | $161,645 | $64,925 |
Chairman, ownership percentage | 25.00% |
Stockholders_Equity_Narrative_
Stockholders' Equity (Narrative) (Details) (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock-based compensation expense | $368,046 | $604,777 |
Remaining amount of unamortized stock option expense | 1,842,873 | |
Intrinsic value of stock options outstanding | $520,000 | $488,333 |
2011 Equity Compensation Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of shares authorized under equity compensation plan | 20,000,000 | |
Shares available for issuance | 16,333,333 | |
2012 Equity Compensation Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of shares authorized under equity compensation plan | 12,000,000 | |
Shares available for issuance | 60,717 | |
2013 Equity Compensation Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of shares authorized under equity compensation plan | 12,000,000 | |
Shares available for issuance | 2,250,033 |
Stockholders_Equity_Schedule_o
Stockholders' Equity (Schedule of Activity in Stock Options) (Details) (Compensation and Incentive Plans [Member], USD $) | 3 Months Ended |
Apr. 30, 2015 | |
Compensation and Incentive Plans [Member] | |
Number of Shares | |
Outstanding | 17,830,000 |
Granted | 500,000 |
Exercised | |
Forfeited and canceled | -60,000 |
Outstanding | 18,270,000 |
Exercisable | 11,149,160 |
Weighted Average Exercise Price | |
Outstanding | $0.35 |
Granted | $0.22 |
Excercised | |
Forfeited and canceled | $0.21 |
Outstanding | $0.35 |
Exercisable | $0.33 |
Weighted Average Remaining Contract Term | |
Outstanding | 3 years 1 month 17 days |
Exercisable | 2 years 9 months 25 days |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | 3 Months Ended | 0 Months Ended | |
Apr. 30, 2015 | Jul. 28, 2014 | Mar. 31, 2015 | |
Items | |||
Coffee Maker Lease Agreement One [Member] | |||
Capital Leased Assets [Line Items] | |||
Coffee makers, gross amount | $56,000 | ||
Number of coffee makers | 10 | ||
Lease expiration date | 10-Nov-17 | ||
Monthly capital lease payments due | 1,844 | ||
Coffee Maker Lease Agreement Two [Member] | |||
Capital Leased Assets [Line Items] | |||
Coffee makers, gross amount | 17,000 | ||
Number of coffee makers | 4 | ||
Lease expiration date | 10-May-18 | ||
Monthly capital lease payments due | 575 | ||
Settlement with Whittle [Member] | Damages Sought, Breach of Consulting Agreement [Member] | |||
Loss Contingencies [Line Items] | |||
Damages claimed | 60,000 | ||
Settlement with Whittle [Member] | Damages Sought, Payments Related to Consulting Agreement [Member] | |||
Loss Contingencies [Line Items] | |||
Damages claimed | 19,715 | ||
Settlement with Whittle [Member] | Subscription Agreement [Member] | |||
Loss Contingencies [Line Items] | |||
Amount awarded | 80,000 | ||
Monthly payments | $10,000 |
Concentrations_Details
Concentrations (Details) (USD $) | 3 Months Ended | |
Apr. 30, 2015 | Apr. 30, 2014 | |
Concentration Risk [Line Items] | ||
Sales | $2,581,427 | $2,121,121 |
Customer Concentration Risk [Member] | ||
Concentration Risk [Line Items] | ||
Percentage concentration | 47.00% | 57.00% |
Vendor Risk [Member] | ||
Concentration Risk [Line Items] | ||
Percentage concentration | 86.00% | 82.00% |
Canada [Member] | ||
Concentration Risk [Line Items] | ||
Sales | 219,803 | 69,213 |
South Korea [Member] | ||
Concentration Risk [Line Items] | ||
Sales | 295,759 | 0 |
Chile [Member] | ||
Concentration Risk [Line Items] | ||
Sales | $184,240 | $47,520 |