| Nature of the Business and Significant Accounting Policies (Policies) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
| Sep. 30, 2016 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
| History of the Company | | History of the Company XFit Brands, Inc. (“XFit”
or the “Company”) was incorporated on September 16, 2014 under the laws of the State of Nevada. The fiscal year of
the Company is June 30. XFit’s principal business activity is the design, development, and worldwide marketing and selling
of functional equipment, training gear, apparel and accessories for the sports market and fitness industry. The Company provides
a full portfolio of products and services spanning Mixed Martial Arts and other high and low impact fitness regimes and own the
trademarks Throwdown®, EnviroTurf®, GlideBoxx® and Transformations. Products are sold to gyms, fitness facilities,
universities, first responders and directly to consumers via website and through third-party catalogues through a mix of independent
distributors and licensees. These financial statements represent
the consolidated financial statements of XFit and its wholly owned operating subsidiaries Throwdown Industries Holdings, LLC (“Holdings”),
Throwdown Industries, LLC (“TDLLC”), and Throwdown Industries, Inc. (“TDINC”). | | |
| Forward Stock Split | | Forward Stock Split On March 28, 2016, the Board of Directors
approved a 1-for-5 forward split of its outstanding shares of common stock (and proportional increase of its authorized common
stock from 250 million shares to 1.25 billion shares) with a record date of April 14, 2016 and an effective date of April 15,
2016. Prior to the split, the Company had 4,118,500 shares issued and outstanding and after the split, the Company had 20,592,500
shares issued and outstanding. All references to the number of shares and per-share amounts within these condensed consolidated
financial statements, including the notes thereto, have been retroactively restated to reflect this stock split, unless explicitly
stated otherwise. | Forward Stock Split On March 28, 2016, the Board of Directors
approved a 1-for-5 forward split of its outstanding shares of common stock (and proportional increase of its authorized common
stock from 250 million shares to 1.25 billion shares) with a record date of April 14, 2016 and an effective date of April 15,
2016. Prior to the split, the Company had 4,118,500 shares issued and outstanding and after the split, the Company had 20,592,500
shares issued and outstanding. All references in the consolidated financial statements and notes to consolidated financial statements,
numbers of shares, and share amounts have been retroactively restated to reflect the 1-for-5 forward split, unless explicitly
stated otherwise. | |
| Basis of Presentation | | Basis of presentation The accompanying condensed consolidated
financial statements are unaudited, but in the opinion of management, reflect all adjustments necessary to fairly state the Company’s
financial position, results of operations, and cash flows as of and for the dates and periods presented. The consolidated financial
statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of
America (“GAAP”) for interim financial information. These unaudited condensed consolidated
financial statements should be read in conjunction with the Company’s audited financial statements and footnotes as of and
for the years ended June 30, 2016 and 2015, which were filed with the Company’s annual report Form 10-K on September 29,
2016. The results of operations for the six months ended December 31, 2016 are not necessarily indicative of results that may
be expected for the year ending June 30, 2017 or for any other interim period. | Basis of Presentation The consolidated financial statements
of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America
(GAAP). | |
| Basis of Consolidation | | Basis of Consolidation The condensed consolidated financial
statements include the accounts of XFit, Holdings and TDINC. All significant intercompany transactions and balances have been
eliminated in consolidation. | Basis of Consolidation The consolidated financial statements
include the accounts of XFit, Holdings, TDLLC and TDINC. All significant intercompany transactions and balances have been eliminated
in consolidation. The Company also consolidates any variable
interest entities (VIEs), of which it is the primary beneficiary, as defined within Accounting Standards Codification
(ASC) 810. The Company does not have any VIEs that are required to be consolidated as of June 30, 2016 or 2015. | |
| Use of Estimates | | Use of Estimates Condensed
consolidated financial statements prepared in accordance with GAAP require management to make estimates and assumptions that affect
the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of
revenues and expenses during the reporting period. Among other things, management has estimated the collectability of its accounts
receivable, the valuation of long-lived assets, and the fair value of equity instruments issued. Actual results could differ from
those estimates. | Use of Estimates Consolidated
financial statements prepared in accordance with GAAP require management to make estimates and assumptions that affect the reported
amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and
expenses during the reporting period. Among other things, management has estimated the collectability of its accounts receivable,
the valuation of long-lived assets, and equity instruments issued for financing. Actual results could differ from those estimates. | |
| Concentration of Credit Risk | | | Concentration of Credit Risk Financial instruments that potentially
subject the Company to a significant concentration of credit risk include cash, accounts receivable, royalties receivable, revenue,
and vendor concentrations. At times, the Company maintains deposits in federally insured financial institutions in excess of federally
insured limits. Management monitors the credit rating and concentration of risk with these financial institutions on a continuing
basis to mitigate risk. The Company controls credit risk related
to accounts receivable and royalties receivable through credit approvals, credit limits and monitoring procedures. As of June 30, 2016, our top three customers
accounted for 51.9% of our total revenues being Crunch Franchising, LLC (33.7%), CA Management Co., Ltd. (9.6%) and Eye Fitness
(8.7%). Two customers accounted for 90% of our accounts receivable, being Crunch Franchising, LLC ($127,512/71%), and 24 Hour Fitness
USA, Inc. ($33,060/19%). As of June 30, 2015, two customers accounted for 88% of our accounts and royalties receivable, being Crunch
Franchising, LLC ($72,889/43%), and Partner Business ($75,000/45%). We have written agreements with all of the 2016 customers.
As of June 30, 2016, three vendors accounted for 44% of our accounts payable being American Express ($116,310/16%), Everblooming
Industrial Limited ($111,094/15%), and Wells Fargo Bank ($95,462/13%). As of June 30, 2015, three vendors
accounted for 68% of our accounts payable, being Indeglia & Carney ($51,465/12%), Lynam Industries ($203,394/46%), and Wells
Fargo Bank ($46,683/10%). We have written agreements with a majority of the 2016 vendors. We expect our customer and vendor concentration
to decrease as we expand our business. | |
| Fair Value of Financial Instruments | | | Fair Value of Financial Instruments ASC 820 defines fair value
as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous
market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company determines the fair value
of its financial instruments based on a three-level hierarchy for fair value measurements under which these assets and liabilities
must be grouped, based on significant levels of observable or unobservable inputs. Observable inputs reflect market data obtained
from independent sources, while unobservable inputs reflect managements market assumptions. This hierarchy requires the
use of observable market data when available. These two types of inputs have created the following fair-value hierarchy:
Level 1 Valuations based on unadjusted quoted market prices in active markets for identical securities.
Level 2 Valuations based on observable inputs (other than Level 1 prices), such as quoted prices for similar assets at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly.
Level 3 Valuations based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value measurement. At June 30, 2014, the warrants
issued in connection with the loan discussed in Note 3 were measured at fair value on a non-recurring basis using
unobservable inputs (Level 3). | |
| Financial Instruments | | | Financial Instruments The carrying amounts of cash, accounts
and royalties receivable, accounts payable and accrued expenses approximate fair value as of June 30, 2016 and 2015, due to the
short-term nature of the instruments. | |
| Long-Lived Assets and Intangible Assets | | | Long-Lived Assets and Intangible
Assets In accordance
with ASC 350-30, the Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that
their net book value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted
future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective
carrying amount. Impairment, if any, is based on the excess of the carrying amount over the fair value, based on market value when
available, or discounted expected cash flows, of those assets and is recorded in the period in which the determination is made. The Company
had no such asset impairments at June 30, 2016 or 2015. There can be no assurance, however, that market conditions will not change
or demand for the Companys products under development will continue. Either of these could result in future impairment
of long-lived assets. | |
| Revenue Recognition | | | Revenue Recognition Product sales are recognized upon shipment
of inventory to customers. Royalty revenues are recognized upon the terms of the underlying royalty agreements, when amounts are
reliably measurable and collectability is assured. Accounts receivable consist primarily
of receivables from product sales. Management determines the allowance for doubtful accounts based on historical losses and current
economic conditions. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined
to be uncollectible, they are written off against an existing allowance account. As of June 30, 2016 and 2015, the Company has
determined that an allowance for doubtful accounts is not necessary as all accounts are considered fully collectible. | |
| Cash and Cash Equivalents | | | Cash and Cash Equivalents The Company considers cash on hand,
cash in banks and other highly liquid instruments purchased with an original maturity date of three months or less to be cash
equivalents. | |
| Inventory | | | Inventory Inventory, which primarily represents
finished goods, is valued at the lower of cost or market. Cost has been derived principally using standard costs utilizing the
first-in, first-out method. Write-downs for finished goods are recorded when the net realizable value has fallen below cost and
provide for slow moving or obsolete inventory. | |
| Loan Discounts and Loan Fees | | Loan Discounts
and Loan Fees The Company amortizes loan discounts
over the term of the loan using the effective interest method. Costs associated with obtaining financing are capitalized and amortized
over the term of the related loans using the effective interest method. Amortization of the debt issuance costs and loan discount
was $127,753 and $91,905 for the six months ended December 31, 2016 and 2015, respectively, which was recorded as a component
of interest expense on the condensed consolidated statements of operations. | Loan Discounts and Loan Fees The Company amortizes loan discounts
over the term of the loan using the effective interest method. Costs associated with obtaining financing are capitalized and amortized
over the term of the related loans using the effective interest method. As of June 30, 2016 and 2015, the Company had $602,112
and $527,112 of total gross debt issuance costs, respectively. Amortization of the debt issuance costs was $203,975 and $146,038
for the years ended June 30, 2016 and 2015, respectively, which was recorded as a component of interest expense on the consolidated
statements of operations. | |
| Income Taxes | | | Income Taxes In accordance with ASC 740-10-25, deferred
tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured
using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be
recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized
in income in the period that includes the enactment date. The Company maintains a valuation allowance
with respect to deferred tax assets. The Company established a valuation allowance based upon the potential likelihood of realizing
the deferred tax asset in the future tax consequences. Changes in circumstances, such as the Company generating taxable income,
could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance
will be included in income in the year of the change in estimate. The Company has adopted the provisions
set forth in ASC Topic 740 to account for uncertainty in income taxes. In the preparation of income tax returns in federal and
state jurisdictions, the Company asserts certain tax positions based on its understanding and interpretation of the income tax
law. The taxing authorities may challenge such positions, and the resolution of such matters could result in recognition of income
tax expense in the Companys financial statements. Management believes it has used reasonable judgments and conclusions in
the preparation of its income tax returns. The Company uses the more likely
than not criterion for recognizing the tax benefit of uncertain tax positions and to establish measurement criteria for
income tax benefits. The Company has determined that it has no material unrecognized tax assets or liabilities related to uncertain
tax positions as of June 30, 2016 and 2015. The Company does not anticipate any significant changes in such uncertainties and judgments
during the next 12 months. The Companys policy is to recognize
interest and/or penalties related to income tax matters in income tax expense. The Company had no accrual for interest or penalties
on its consolidated balance sheets at June 30, 2016 and 2015, respectively. | |
| Taxes Collected from Customers and Remitted to Governmental Authorities | | | Taxes Collected
from Customers and Remitted to Governmental Authorities The Company
reports taxes collected, which are primarily sales tax, on a net basis. | |
| Income (Loss) Per Share | | Loss per Share The basic loss per share is calculated
by dividing the Company’s net loss available to common shareholders by the weighted average number of common shares during
the period. The diluted net loss per share is calculated by dividing the Company’s net loss available to common shareholders
by the diluted weighted average number of shares outstanding during the period. To compute the diluted weighted average number
of shares outstanding, the Company begins with the basic weighted average number of shares outstanding and adds any potentially
dilutive securities that are convertible into shares of common stock. Diluted net loss per share is the same as basic net loss
per share due to the lack of dilutive items. For the six months ended December 31, 2016 and 2015, the Company had warrants and
options outstanding to acquire shares of common stock that totaled 2,999,281 and 2,268,615 shares, respectively, which were excluded
as their effect would have been anti-dilutive. | Income (Loss)
per Share The basic (loss) income per share is
calculated by dividing the Companys net (loss) income available to common shareholders by the weighted average number of
common shares during the year. The diluted net (loss) income per share is calculated by dividing the Companys net income
(loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted
weighted average number of shares outstanding is the basic weighted average number of shares adjusted for any potentially dilutive
debt or equity. Diluted net (loss) income per share is the same as basic net (loss) income per share due to the lack of dilutive
items. As of June 30, 2016 and 2015, the Company had 2,354,756 and 2,263,060 dilutive shares outstanding, respectively, that are
attributable to the PIMCO warrant, which have been excluded as their effect is anti-dilutive. | |
| Property and Equipment, net | | | Property and Equipment, net Property and equipment are stated at
cost, net of accumulated depreciation and amortization. The cost of property and equipment is depreciated or amortized using the
straight-line method over the following estimated useful lives:
Computer equipment and software 3 years
Furniture 3 years
Machinery 3-5 years | |
| Prepaid Expenses | | | Prepaid Expenses During the
year ended June 30, 2015, the Company issued 300,000 shares of its common stock valued at $300,000 to two key vendors in consideration
of future inventory purchases. As of June 30, 2015, the Company has not utilized these vendor credits and the $300,000 is included
in prepaid expenses on the consolidated balance sheets. During the year ended June 30, 2016, we had consumed all of the credit
with one vendor and had approximately $105,000 remaining with the other at year end. | |
| Advertising Costs | | | Advertising Costs The Company expenses advertising costs
as incurred. Advertising expense was $38,492 and $77,175 for the years ended June 30, 2016 and 2015, respectively, and is included
in sales and marketing expense on the consolidated statements of operations. | |
| Shipping and Handling Fees | | | Shipping and Handling Fees All amounts billed to a customer in
a sales transaction related to shipping and handling represent revenues and are reported as product sales in the consolidated
statements of operations. Costs incurred by the Company for shipping and handling are reported within cost of revenues in the
consolidated statements of operations. | |
| Reclassifications | | Reclassifications Certain reclassifications
were made to the prior period, condensed consolidated financial statements to conform to the current period presentation. There
was no change to the previously reported net loss. | Reclassifications Certain reclassifications were made
to the prior period consolidated financial statements to conform to the current period presentation. There was no change to the
previously reported net loss. | |
| Recently Issued Accounting Standards | | Recent Accounting Pronouncements The Company has implemented all applicable
new accounting standards and does not believe that there are any other new accounting pronouncements that have been issued that
may have a material impact on the condensed consolidated financial statements. In April 2015, the Financial
Accounting Standards Board (“FASB”) issued ASU 2015-03, Interest—Imputation of Interest: Simplifying the
Presentation of Debt Issuance Costs . | Recently Issued Accounting Standards The Company has implemented all new
accounting standards and does not believe that there are any other new accounting pronouncements that have been issued that may
have a material impact on the consolidated financial statements. In April 2015, the Financial
Accounting Standards Board (FASB) issued ASU 2015-03, Interest-Imputation of Interest: Simplifying the
Presentation of Debt Issuance Costs . | |
| Subsequent Events | | | Subsequent
Events In accordance
with ASC 855, Subsequent Events | |
| Environmental Turf Services, LLC [Member] | | | | |
| Basis of Presentation | Basis of Presentation: | | | Basis of Presentation: |
| Use of Estimates | Use of Estimates: | | | Use of Estimates: |
| Concentration of Credit Risk | Concentrations From time to time, the Company
has certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts
receivable balances individually represented 10% or more of the Company’s total accounts receivable. For the six an three months
period ended June 30, 2016 and September 30, 2016, three customers accounted for 86% and 90%, respectively, of the net revenues. At June 30, 2016 and September
30, 2016, two customers accounted for 90% of the accounts receivable, net. | | | Concentrations From time to time, the Company
has certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts
receivable balances individually represented 10% or more of the Company’s total accounts receivable. For the years ended December
31, 2015 and 2014, five and three customers accounted for 86% and 55%, respectively, of the net revenues. At December 31, 2015 and
2014, one and two customers accounted for 86% and 100%, respectively, of the accounts receivable, net. |
| Cash concentration | Cash Concentration: | | | Cash Concentration: |
| Accounts Receivable | Accounts Receivable: | | | Accounts Receivable: |
| Fair Value of Financial Instruments | Fair Value of Financial
Instruments | | | Fair Value of Financial
Instruments |
| Long-Lived Assets and Intangible Assets | Long-Lived Assets: | | | Long-Lived Assets: |
| Revenue Recognition | Revenue Recognition: The Company recognizes revenues
on sales and cost of sales related to long-term contracts are accounted for under the percentage-of-completion method. Sales under
fixed-type contracts are generally recognized upon passage of title to the customer, which usually coincides with physical delivery
or customer acceptance as specified in contractual terms. Such sales are recorded at the cost of items delivered or accepted plus
a proportion of profit expected to be realized on a contract, based on the ratio of such costs to total estimated costs at completion.
Sales, including estimated earned fees, under cost reimbursement-type contracts are recognized as costs are incurred. Profits expected to be realized
on contracts are based on the Company’s estimates of total contract sales value and costs at completion. These estimates
are reviewed and revised periodically throughout the lives of the contracts with adjustments to profits resulting from such revisions
being recorded on a cumulative basis in the period in which the revisions are made. When management believes the cost of completing
a contract, excluding general and administrative expenses, will exceed contract-related revenues, the full amount of the anticipated
contract loss is recognized. Revenues recognized in excess
of amounts billed are classified as current assets under ’‘Cost and earnings in excess of estimated billings.’’
Amounts billed to clients in excess of revenues recognized to date are classified as current liabilities under ’‘Billings
in excess of costs and estimated earnings.’’ | | | Revenue Recognition: The Company recognizes revenues
on sales and cost of sales related to long-term contracts and are accounted for under the percentage-of-completion method. Sales
under fixed-type contracts are generally recognized upon passage of title to the customer, which usually coincides with physical
delivery or customer acceptance as specified in contractual terms. Such sales are recorded at the cost of items delivered or accepted
plus a proportion of profit expected to be realized on a contract, based on the ratio of such costs to total estimated costs at
completion. Sales, including estimated earned fees, under cost reimbursement-type contracts are recognized as costs are incurred. Profits expected to be realized
on contracts are based on the Company’s estimates of total contract sales value and costs at completion. These estimates
are reviewed and revised periodically throughout the lives of the contracts with adjustments to profits resulting from such revisions
being recorded on a cumulative basis in the period in which the revisions are made. When management believes the cost of completing
a contract, excluding general and administrative expenses, will exceed contract-related revenues, the full amount of the anticipated
contract loss is recognized. Revenues recognized in excess
of amounts billed are classified as current assets under ’‘Cost and earnings in excess of estimated billings.’’
Amounts billed to clients in excess of revenues recognized to date are classified as current liabilities under ’‘Billings
in excess of costs and estimated earnings.’’ |
| Inventory | Inventories | | | Inventorie |
| Income Taxes | Income Taxes: Income Taxes The Company’s federal
and state income tax returns are subject to examination by the Internal Revenue Service, generally three years after the tax returns
were filed. | | | Income Taxes: Income Taxes The Company’s federal
and state income tax returns are subject to examination by the Internal Revenue Service, generally three years after the tax returns
were filed. |
| Property and Equipment, net | Property and Equipment:
Useful Life
Equipment 5-7 Years
Vehicles 5 Years
Furniture and office equipment 5-7 Years
Computer and software 3 Years Repairs and maintenance
expenditures not anticipated to extend asset lives and/or productive functionality are expenses as incurred. Upon retirement or
disposal, the asset’s carrying value and related accumulated depreciation or amortization are eliminated with a corresponding
gain or loss recorded from operations. | | | Property and Equipment:
Useful Life
Equipment 5-7 Years
Vehicles 5 Years
Furniture and office equipment 5-7 Years
Computer and software 3 Years Repairs and maintenance expenditures
not anticipated to extend asset lives and/or productive functionality are expenses as incurred. Upon retirement or disposal, the
asset’s carrying value and related accumulated depreciation or amortization are eliminated with a corresponding gain or
loss recorded from operations. |
| Advertising Costs | Advertising | | | Advertising |
| Warranties | Warranties | | | Warranties |
