| Document and Entity Information - shares | 9 Months Ended | |
| May. 31, 2015 | Jul. 13, 2015 | |
| Document And Entity Information | ||
| Entity Registrant Name | MIX 1 LIFE, INC. | |
| Entity Central Index Key | 1,501,112 | |
| Document Type | 10-Q | |
| Document Period End Date | May 31, 2015 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --08-31 | |
| Is Entity a Well-known Seasoned Issuer? | No | |
| Is Entity a Voluntary Filer? | No | |
| Is Entity's Reporting Status Current? | Yes | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Common Stock, Shares Outstanding | 13,053,912 | |
| Document Fiscal Period Focus | Q3 | |
| Document Fiscal Year Focus | 2,015 |
| BALANCE SHEETS - USD ($) | May. 31, 2015 | Aug. 31, 2014 |
| Current Assets: | ||
| Cash and cash equivalents | $ 635 | $ 91,794 |
| Accounts receivable | 291,959 | |
| Inventory, lower of cost or market, principally first-in, first-out | 508,121 | $ 580,607 |
| Other current Assets | 141,139 | 27,963 |
| Total Current Assets | 941,854 | 700,364 |
| Fixtures and Equipment, net of accumulated depreciation of $4,515 at May 31, 2015 and $413 at August 31, 2014 | 143,142 | 5,375 |
| Ingredient Specifications, Branding, and Other Intangible Assets, net of accumulated amortization of $1,288,930 at May 31, 2015, and zero at August 31, 2014 | 30,614,168 | 19,880,000 |
| TOTAL ASSETS | 31,699,164 | $ 20,585,739 |
| Current Liabilities: | ||
| Cash overdraft | 10,440 | |
| Accounts payable and accrued liabilities | 1,315,150 | $ 218,330 |
| Accounts payable - related parties | 476,603 | 349,038 |
| Notes payable - premium finance | 8,507 | 15,932 |
| Total Current Liabilities | 1,810,700 | 583,300 |
| 12% Senior Secured Convertible Debenture | 1,855,001 | $ 500,000 |
| 7.5% Senior Secured Convertible Debentures | 2,310,000 | |
| 12% Senior Secured Promissory Note | 250,000 | |
| Total Liabilities | 6,225,701 | $ 1,083,300 |
| Shareholders' Equity: | ||
| Common Stock, $0.001 par value, 100,000,000 shares authorized 13,129,510 and 10,880,796 shares issued and outstanding at May 31, 2015 and August 31, 2014 respectively | 13,130 | 10,881 |
| Additional paid-in-capital | 31,534,653 | 21,547,848 |
| Accumulated (deficit) | (6,074,320) | (2,056,290) |
| Total Shareholders' Equity | 25,473,463 | 19,502,439 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 31,699,164 | $ 20,585,739 |
| BALANCE SHEETS (Parenthetical) - USD ($) | May. 31, 2015 | Aug. 31, 2014 |
| Current Assets: | ||
| Fixtures and Equipment, net of accumulated depreciation | $ 4,515 | $ 413 |
| Ingredient Specifications, Branding, and Other Intangible Assets, net of accumulated amortization | $ 1,288,930 | $ 0 |
| Stockholders' Equity | ||
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, shares issued | 13,129,510 | 10,880,796 |
| Common stock, shares outstanding | 13,129,510 | 10,880,796 |
| STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
| May. 31, 2015 | May. 31, 2014 | May. 31, 2015 | May. 31, 2014 | |
| Statements Of Operations | ||||
| Gross Sales | $ 777,339 | $ 392 | $ 1,526,570 | $ 392 |
| Customer incentives, discounts, returns, and allowances | (288,936) | (291,317) | ||
| Net sales | 488,403 | $ 392 | 1,235,253 | $ 392 |
| Costs of goods sold | 434,807 | 479 | 1,092,514 | 479 |
| Gross Margin | 53,596 | (87) | 142,739 | (87) |
| Operating Expenses | ||||
| Selling and marketing | 410,058 | 22,365 | 779,191 | 46,299 |
| Corporate general and administrative | 600,573 | 220,211 | 1,564,170 | 969,947 |
| Depreciation and amortization expense | 433,194 | 528 | 1,293,032 | 528 |
| Total operating expenses | 1,443,825 | 243,104 | 3,636,393 | 1,016,774 |
| Loss from Operations | (1,390,229) | (243,191) | (3,493,654) | (1,016,861) |
| Other (Expenses) | ||||
| Interest expense | (215,204) | (15,124) | (524,376) | (417,520) |
| Loss before income taxes | $ (1,605,433) | $ (258,315) | $ (4,018,030) | $ (1,434,381) |
| Provision for Income Taxes | ||||
| Net (Loss) | $ (1,605,433) | $ (258,315) | $ (4,018,030) | $ (1,434,381) |
| Basic and fully diluted: | ||||
| Weighted average number of shares outstanding | 12,579,388 | 10,098,781 | 11,729,209 | 12,116,478 |
| (Loss) per share | $ (0.13) | $ (0.03) | $ (0.34) | $ (0.12) |
| STATEMENTS OF CASH FLOW (Unaudited) - USD ($) | 9 Months Ended | |
| May. 31, 2015 | May. 31, 2014 | |
| Cash flows from operating activities: | ||
| Net (loss) | $ (4,018,030) | $ (1,434,381) |
| Adjustments to reconcile net (loss) to net cash used in operating activities: | ||
| Common stock issued for services | 21,555 | |
| Common stock issued for services - related parties | 152,707 | $ 194,780 |
| Common stock issued for officers' and directors' fees | $ 52,500 | 114,000 |
| Commission paid for equity raise | $ (40,000) | |
| Common stock issued for interest | $ 74,522 | |
| Convertible note loan fees | $ 194,445 | |
| Valuation of warrants on convertible debt | $ 396,690 | 196,835 |
| Depreciation and Amortization | 1,293,032 | $ 528 |
| Changes in Current Assets and Liabilities | ||
| Cash overdraft | 10,440 | |
| Inventory | 234,388 | $ (159,952) |
| Accounts receivable | (751,229) | |
| Notes receivable | (129,900) | |
| Other current assets | (113,176) | $ (28,946) |
| Accounts payable and accrued liabilities | (403,180) | 26,863 |
| Accounts payable - related parties | 127,565 | 170,682 |
| Net cash (used) by operating activities | (3,052,116) | (765,146) |
| Cash flows from investing activities: | ||
| Purchase of Fixtures and Equipment | (126,869) | (32,788) |
| Net cash (used) by investing activities | $ (126,869) | (32,788) |
| Cash flows from financing activities | ||
| Loans from Officer | 30,400 | |
| Repayments to officer | (30,400) | |
| Convertible note proceeds | $ 1,355,001 | $ 500,000 |
| Promissory Note proceeds | 250,000 | |
| Sale of common stock | 1,490,250 | $ 325,000 |
| Note payable payment | (7,425) | |
| Net cash provided by financing activities | 3,087,826 | $ 825,000 |
| Net increase (decrease) in cash and cash equivalents | (91,159) | $ 27,066 |
| Cash and cash equivalents, beginning of period | 91,794 | |
| Cash and cash equivalents, end of period | 635 | $ 27,066 |
| Cash paid during the year for: | ||
| Interest | $ 47,842 | $ 18,741 |
| Income Taxes | ||
| Non-cash investing and financing activities: | ||
| Common stock issued - No Fear acquisition | $ 7,800,828 | |
| Convertible note issued - No Fear acquisition | 2,310,000 | |
| Payable forgiven - No Fear acquisition | 1,500,000 | |
| Receivable forgiven - No Fear acquisition | 589,172 | |
| Purchase of No Fear brand and license | $ (12,200,000) | |
| Cancellation of Common Stock | $ (10,000) | |
| Cancellation of Common Stock - Paid in Capital | $ 10,000 | |
| Description of Business and Summary of Significant Accounting Policies | 9 Months Ended |
| May. 31, 2015 | |
| Notes to Financial Statements | |
| Note 1 - Description of Business and Summary of Significant Accounting Policies | Mix1 Life, Inc. ("the Company") was incorporated under the laws of the State of Nevada, U.S. on June 10, 2009. Mix1 is an emerging beverage and nutritional supplements company currently with a product line of natural, ready-to-drink protein shakes. Our shakes offer a complete and balanced macronutrient mix and are intended to be consumed as a post work out, snack replacement, meal supplement or a meal replacement. Mix1 beverages have a high protein content (on average 26 grams per serving) and are unique due to their fruit-based flavors, relatively low calorie count and superior taste. Our shakes have a twelve month shelf life with no need for refrigeration and are currently served in a twelve ounce PET (polyethylene terephthalate) bottle. With the recent purchase of the No Fear brand, Mix1 has expanded into the energy drink category. No Fear is a mind focusing energy drink powered by caffeine and taurine that is available in several flavors including sugar-free. The Company adopted the provisions of FASB Accounting Standards Update No. 2014-10 Development Stage Entities (Topic 915) The accompanying unaudited interim financial statements of 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 annual report filed with the SEC on its 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 our interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosure contained in the audited financial statements for the year ended August 31, 2014, as reported in the Form 10-K, have been omitted. There financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has limited cash and, as yet, has not generated sufficient revenues to finance operations, raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, sales, loans from investors and/or issuance of common shares. |
| No Fear Brand Purchase | 9 Months Ended |
| May. 31, 2015 | |
| Notes to Financial Statements | |
| Note 2 - No Fear Brand Purchase | On March 31, 2015, the Company completed the purchase of the "No Fear" beverage brand from Shadow Beverage and Snack, LLC, an Arizona limited liability company. The purchase included Shadow's interest in the No Fear brand in the form of an exclusive Trademark License Agreement dated December 5, 2011, the First and Second amendments to that agreement that bear no date, and the third amendment dated December 23, 2013 between Shadow and No Fear International wherein Shadow had exclusive licensing and distribution of the No Fear brand drink within the United States of America. The Company acquired one hundred percent (100%) of Shadow's interest in the No Fear brand for an aggregate purchase price of twelve million two hundred thousand ($12,200,000) USD. The purchase price consisted of the following: · $2,310,000 convertible note to Spyglass Capital Partners, LLC. The note may be converted at any time in whole or in part at the holders discretion into restricted common shares of the Company at an initial conversion price of $6.00, · Up to $1,500,000.00 for expenses and past payables related to the No Fear brand only, · 1,300,138 newly issued common shares of the Company (valued at $6.00 per share), · The Company will forgive certain Shadow debt in the amount of $589,172. Mix 1 is in the process of obtaining an independent appraisal of the fair value of the assets purchased. |
| Stock Transactions | 9 Months Ended |
| May. 31, 2015 | |
| Notes to Financial Statements | |
| Note 3 - Stock Transactions | During the nine months ending May 31, 2015, the Company sold 483,834 shares of its common stock for $1.50 per share and 316,667 shares of its common stock for $3.00 per share in private placements. There were 77,101 shares of common stock issued to related parties as payroll and consulting fees valued at $152,701, 35,010 shares were issued as officer and directors fees valued at $52,501, and 22,395 shares of common stock were issued as interest expense valued at $79,265. |
| Convertible Notes | 9 Months Ended |
| May. 31, 2015 | |
| Notes to Financial Statements | |
| Note 4 - Convertible Notes | During the nine months ending May 31, 2015 the Company entered into convertible debt agreements for $1,355,001. Terms of these transactions include an annual interest rate of 12% due in two years, the option to convert debt into equity at $3.00 per share, and 225,836 stock purchase warrants. The warrants were valued using the Black Scholes valuation method at various times during the year totaling $396,690. |
| Subsequent Events | 9 Months Ended |
| May. 31, 2015 | |
| Notes to Financial Statements | |
| Note 5 - Subsequent Events | We have evaluated events and transactions after the balance sheet date to the date these financial statements were released for filing. Except as stated above, we did not have any material subsequent events that would require disclosure in these financial statements. |
| Description of Business and Summary of Significant Accounting Policies (Details Narrative) | 9 Months Ended |
| May. 31, 2015 | |
| Description Of Business And Summary Of Significant Accounting Policies Details Narrative | |
| State of Incorporation | The State of Nevada |
| Date of incorporation | Jun. 10, 2009 |
| Stock Transactions (Details Narrative) - 9 months ended May. 31, 2015 - USD ($) | Total |
| Stock Transactions Details Narrative | |
| Sales of common stock private placement $1.50 per share | 483,834 |
| Sales of common stock private placement $3.00 per share | 316,667 |
| Common stock issued to related parties as payroll | 77,101 |
| Common stock issued to related parties as consulting fees, Value | $ 152,701 |
| Shares issued as officer | 35,010 |
| Shares issued as directors fees, Value | $ 52,501 |
| Common stock issued | 22,395 |
| Common stock issued as interest expense, Value | $ 79,265 |
| Convertible Notes (Details Narrative) - 9 months ended May. 31, 2015 - USD ($) | Total |
| Convertible Notes Details Narrative | |
| Convertible debt agreement | $ 1,355,001 |
| Annual interest rate | 12.00% |
| Option to convert debt into equity | $ 3 |
| Stock purchase warrants | 225,836 |
| Warants valued | $ 396,690 |
| Label | Element | Value |
| Net (loss) | us-gaap_NetIncomeLoss | $ (1,605,433) |
| Net (loss) | us-gaap_NetIncomeLoss | $ (258,315) |
