Long Blockchain (LBCC) 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 13, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Registrant Name	Long Island Iced Tea Corp.
Entity Central Index Key	1,629,261
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	LTEA
Entity Common Stock, Shares Outstanding		4,617,533

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash	$ 268,688	$ 398,164
Accounts receivable, net (including amounts due from related parties of $72,423 and $27,155, respectively)	348,472	174,637
Inventories, net	1,013,684	561,107
Prepaid expenses and other current assets	52,856	9,573
Total current assets	1,683,700	1,143,481
Property and equipment, net	240,081	242,123
Intangible assets	28,745	32,498
Other assets	70,601	11,706
Total assets	2,023,127	1,429,808
Current Liabilities:
Accounts payable	1,085,476	825,044
Accrued expenses	363,924	112,819
Current portion of automobile loans	18,891	17,915
Total current liabilities	1,468,291	955,778
Loans payable	0	1,500,000
Other liabilities	0	92,466
Deferred rent	5,165	5,966
Long term portion of automobile loans	41,802	56,096
Total liabilities	$ 1,515,258	$ 2,610,306
Commitments and contingencies, Note 4
Stockholders' Equity (Deficit)
Preferred stock, par value $0.0001; authorized 1,000,000 shares; no shares issued and outstanding	$ 0	$ 0
Common stock, par value $0.0001; authorized 35,000,000 shares; 4,600,033 and 2,633,334 shares issued and outstanding, as of September 30, 2015 and December 31, 2014, respectively	460	263
Additional paid-in capital	1,873,959	3,184,574
Accumulated deficit	(1,366,550)	(4,365,335)
Total stockholders' equity (deficit)	507,869	(1,180,498)
Total liabilities and stockholders' equity (deficit)	$ 2,023,127	$ 1,429,808

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Accounts Receivable, Related Parties	$ 72,423	$ 27,155
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	35,000,000	3,500,000
Common Stock, Shares, Issued	4,600,033	2,633,334
Common Stock, Shares, Outstanding	4,600,033	2,633,334

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net sales (including sales to related parties of $6,199 and $22,106 for the three months ended September 30, 2015 and 2014, respectively, and $51,229 and $80,241 for the nine months ended September 30, 2015 and 2014, respectively)	$ 456,787	$ 582,956	$ 1,397,244	$ 1,510,201
Cost of goods sold	392,606	513,226	1,104,723	1,284,933
Gross profit	64,181	69,730	292,521	225,268
Operating expenses:
General and administrative expenses	646,788	306,608	1,264,436	764,638
Selling and marketing expenses	371,211	596,699	994,544	1,976,351
Total operating expenses	1,017,999	903,307	2,258,980	2,740,989
Operating Loss	(953,818)	(833,577)	(1,966,459)	(2,515,721)
Other expenses:
Other expense	0	0	(3,327)	0
Interest expense	(872)	(23,845)	(47,056)	(86,190)
Total other expenses	(872)	(23,845)	(50,383)	(86,190)
Net loss	$ (954,690)	$ (857,422)	$ (2,016,842)	$ (2,601,911)
Weighted average number of common shares outstanding - basic and diluted (in shares)	4,470,639	2,633,334	3,450,625	2,633,334
Basic and diluted net loss per share (in dollars per share)	$ (0.21)	$ (0.33)	$ (0.58)	$ (0.99)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue from Related Parties	$ 6,199	$ 22,106	$ 51,229	$ 80,241

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 9 months ended Sep. 30, 2015 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance at Dec. 31, 2014	$ (1,180,498)	$ 263	$ 3,184,574	$ (4,365,335)
Balance (in shares) at Dec. 31, 2014		2,633,334
Reverse Merger with Cullen Agricultural Holding Corp.	1,872,496	$ 152	1,872,344	0
Reverse Merger with Cullen Agricultural Holding Corp. (in shares)		1,518,749
Common stock issued as payments to vendors	134,270	$ 3	134,267	0
Common stock issued as payments to vendors (in shares)		28,085
Conversion of loans payable and accrued interest to stockholders' equity	555,910	$ 14	555,896	0
Conversion of loans payable and accrued interest to stockholders' equity (in shares)		138,979
Issuance of common stock, net of costs	568,468	$ 14	568,454	0
Issuance of common stock, net of costs (in shares)		142,636
Issuance of common stock and warrants, net of costs	366,116	$ 14	366,102	0
Issuance of common stock and warrants, net of costs (in shares)		138,250
Stock based compensation	207,949	$ 0	207,949	0
Reclassification of the historical losses of Long Island Brand Beverages LLC to additional paid in capital upon the date of the reverse merger with Cullen Agricultural Holding Corp.	0	0	(5,015,627)	5,015,627
Net loss	(2,016,842)	0	0	(2,016,842)
Balance at Sep. 30, 2015	$ 507,869	$ 460	$ 1,873,959	$ (1,366,550)
Balance (in shares) at Sep. 30, 2015		4,600,033

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities
Net loss	$ (2,016,842)	$ (2,601,911)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt expense	20,040	5,811
Depreciation and amortization expense	80,331	49,512
Deferred rent	(801)	6,108
Stock based compensation	207,949	0
Loss on disposal of property and equipment	3,327	0
Changes in assets and liabilities:
Accounts receivable	(203,375)	(156,386)
Inventory	(452,577)	(531,296)
Prepaid expenses and other current assets	(22,782)	65,686
Other assets	(58,895)	3,006
Accounts payable	243,707	882,838
Accrued expenses	276,068	209,968
Other liabilities	(92,466)	0
Total adjustments	526	535,247
Net cash used in operating activities	(2,016,316)	(2,066,664)
Cash Flows From Investing Activities
Purchases of property and equipment	(65,036)	(200,834)
Net cash used in investing activities	(65,036)	(200,834)
Cash Flows From Financing Activities
Repayment of automobile loans	(13,318)	(6,503)
Contributions from members, net of costs	0	194,504
Proceeds from loan payable member	0	30,000
Proceeds from the reverse merger with Cullen Agricultural Holding Corporation	120,841	0
Proceeds from the sale of common stock, net of costs	568,468	0
Proceeds from the sale of common stock and warrants, net of costs	475,885	0
Net cash provided by financing activities	1,951,876	1,818,001
Net decrease in cash	(129,476)	(449,497)
Cash, beginning of period	398,164	604,841
Cash, end of period	268,688	155,344
Cash paid for interest	2,954	1,929
Non-cash investing and financing activities:
Conversion of loans payable and accrued interest to stockholders' equity	555,910	0
Conversion of loans payable and accrued interest to members' equity	0	1,527,058
Purchase of automobiles with loans payable	0	84,795
Costs due to related to issuance of common stock and warrants included in accrued expenses	109,769	0
Purchase of a truck in exchange for accounts receivable	9,500	0
Net assets acquired in reverse merger	1,751,655	0
Payment of accounts payable through the issuance of common stock	134,270	0
Bass Properties LLC loan [Member]
Cash Flows From Financing Activities
Proceeds from Loans	150,000	0
Cullen Agricultural Holding Corporation loan [Member]
Cash Flows From Financing Activities
Proceeds from Loans	250,000	300,000
Ivory Castle Limited loan [Member]
Cash Flows From Financing Activities
Proceeds from Loans	$ 400,000	$ 1,300,000

BUSINESS ORGANIZATION, LIQUIDIT

BUSINESS ORGANIZATION, LIQUIDITY AND MANAGEMENT'S PLANS	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – BUSINESS ORGANIZATION, LIQUIDITY AND MANAGEMENT’S PLANS Business Organization Long Island Iced Tea Corp, a Delaware C-Corporation, was formed on December 23, 2014. Long Island Iced Tea Corp. was formed in order to allow for the completion of mergers between Cullen Agricultural Holding Corp. (“Cullen”) and Long Island Brand Beverages LLC (“LIBB”). As a result of the merger which was consummated on May 27, 2015, Long Island Iced Tea Corp. consisted of its wholly owned subsidiaries, Long Island Brand Beverages LLC (its operating subsidiary) and Cullen Agricultural Corp. and its wholly owned subsidiaries, Cullen Agricultural Technologies, Inc. and Natural Dairy, Inc. (collectively the “Company”). On December 31, 2014, LIBB entered into a merger agreement, as amended as of April 23, 2015, with Cullen, a public company, Long Island Iced Tea Corp., Cullen Merger Sub, Inc. (“Cullen Merger Sub”), LIBB Acquisition Sub, LLC (“LIBB Merger Sub”), and the founders of LIBB (“Founders”). Pursuant to the merger agreement, (a) Cullen Merger Sub was to be merged with and into Cullen, with Cullen surviving and becoming a wholly-owned subsidiary of Long Island Iced Tea Corp. and (b) LIBB Merger Sub was to be merged with and into LIBB, with LIBB surviving and becoming a wholly-owned subsidiary of Long Island Iced Tea Corp. (the “Mergers”). Under the merger agreement, upon consummation of the company merger, the holders of the LIBB membership interests (the “LIBB members”) would receive 2,633,334 63 If LIBB’s estimated net working capital at the closing was less than its net working capital target, the number of shares of Long Island Iced Tea Corp.’s common stock to be received by the LIBB members at the closing was to be reduced by a number of shares, allocated among the LIBB members pro rata, equal to such deficiency divided by $3.00. If LIBB’s estimated net working capital at the closing was more than its net working capital target, the number of shares of Long Island Iced Tea Corp.’s common stock to be received by the LIBB members at the closing was to be increased by a number of shares, allocated among the LIBB members pro rata, equal to such excess divided by $3.00. 70,069 3,333 If Cullen’s estimated net working capital at the closing was more than its net working capital target, the number of shares of Long Island Iced Tea Corp.’s common stock to be received by the LIBB members at the closing was to be reduced by a number of shares, allocated among the LIBB members pro rata, equal to such excess divided by $3.00. If Cullen’s estimated net working capital at the closing was less than its net working capital target, the number of shares of Long Island Iced Tea Corp.’s common stock to be received by the LIBB members at the closing was to be increased by a number of shares, allocated among the LIBB members pro rata, equal to such deficiency divided by $3.00. 786,985 667 On May 27, 2015, the Mergers were consummated. On July 16, 2015, the parties to the Mergers agreed to waive the provisions of the working capital adjustment. To provide a fund for satisfaction of Cullen, Long Island Iced Tea Corp.’s and LIBB’s post-Closing rights to indemnification under the Merger Agreement, an aggregate of 500,000 of the Merger Shares (“ Indemnity Shares ”) were placed in escrow, in accordance with an escrow agreement (the “ Escrow Agreement ”) executed by Long Island Iced Tea Corp., Philip Thomas, as the representative of the Members under the Merger Agreement (the “ LIBB Representative ”), and Continental Stock Transfer & Trust Company, as escrow agent (the “ Escrow Agent ”). The escrow is the sole remedy for Cullen, Long Island Iced Tea Corp. and LIBB for their rights to indemnification under the Merger Agreement. The Members’ right to indemnification will be satisfied through the issuance by Long Island Iced Tea Corp. of up to 500,000 additional shares of Long Island Iced Tea Corp.’s Common Stock. On the date on which Long Island Iced Tea Corp.’s independent registered public accounting firm has issued its report relating to its financial statement for its fiscal year ending December 31, 2015, the Indemnity Shares remaining in escrow will be released to the former LIBB Members except for any shares subject to pending indemnification claims. For accounting purposes, the Mergers were treated as an acquisition of Cullen by LIBB and as a recapitalization of LIBB, as the former LIBB members hold a large percent of the Long Island Iced Tea Corp.’s shares and will exercise significant influence over the operating and financial policies of the consolidated entity and the Company was a public shell company at the time of the transaction. Pursuant to Accounting Standards Codification (“ASC”) 805-10-55-11 through 55-15, the merger or acquisition of a private operating company into a non-operating public shell with nominal assets is considered a capital transaction in substance rather than a business combination. As a result, the condensed consolidated balance sheets, statements of operations, and statements of cash flows of LIBB have been retroactively updated to reflect the recapitalization. Additionally, the historical condensed consolidated financial statements of LIBB are now reflected as those of the Company. Overview The Company produces and distributes premium ready-to-drink iced tea, with a proprietary recipe and quality components. The Company produces a 100% brewed tea, using black tea leaves, purified water and natural cane sugar or sucralose. The Company’s product, Long Island Iced Tea, is targeted for sale to health conscious consumers on the go. Flavors change from time to time, and have included lemon, peach, raspberry, guava, mango, diet lemon, diet peach, sweet tea, green tea and honey and half tea and half lemonade. The Company also offers lower calorie iced tea in twelve (12) ounce bottles. The lower calorie flavor options include mango, raspberry, and peach. The Company has also introduced four of its flavors in gallon bottles. The flavors packaged in gallon bottles include lemon, preach, green tea and honey, and mango. The Company sells its products to a mix of independent mid-to-large range distributors who in turn sell to retail outlets, such as big chain supermarkets, mass merchants, convenience stores, restaurants and hotels principally in the Northeastern portion of the United States. Liquidity and Management’s Plan As of September 30, 2015, the Company’s cash on hand was $ 268,688 2,016,842 2,601,911 507,869 215,409 On July 8, 2015, the Company received proceeds of $ 100,000 25,000 On September 17, 2015 and September 30, 2015, the Company raised total net proceeds of $ 366,116 138,250 138,250 On October 23, 2015 and October 30, 2015, the Company received total gross proceeds of $ 70,000 17,500 17,500 The Company has been focused on the development of its brand and its infrastructure, as well as in the establishment of a network of distributors and qualified direct accounts. From inception, the Company has financed its operations through the issuance of debt, equity, and through utilizing trade credit with its vendors. The Company believes that as a result of a commitment for financing from a stockholder and its working capital as of September 30, 2015 that its cash resources will be sufficient to fund the Company’s net cash requirements through September 30, 2016. However, in order to execute the Company’s long-term growth strategy, the Company may need to raise additional funds through private equity offerings, debt financings, or other means. There are no assurances that the Company will be able to raise such funds on terms that would be acceptable to the Company.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the result that may be expected for the year ending December 31, 2015. These condensed consolidated financial statements should be read in conjunction with the financial statements for the year ended December 31, 2014 and related notes thereto included the registration statement on Form S-4 as amended which was filed by Long Island Iced Tea Corp. on April 24, 2015 and declared effective on May 1, 2015. The unaudited interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All inter-company balances and transactions have been eliminated in the accompanying unaudited interim consolidated financial statements. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to, assessing the collectability of accounts receivable, accrual of rebates to customers, the valuation of inventory, determining the estimated lives of long-lived assets, determining the potential impairment of intangibles, other legal claims and contingencies. The results of any changes in accounting estimates, are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the period that they are determined to be necessary. Revenue is stated net of sales discounts and rebates paid to customers (See Customer Marketing Programs and Sales Incentives, below). Net sales are recognized when all of the following conditions are met: (1) the price is fixed and determinable; (2) evidence of a binding arrangement exists (generally, purchase orders); (3) products have been delivered and there is no future performance required; and (4) amounts are collectible under normal payment terms. These conditions typically occur when the products are delivered to or picked up by the Company’s customers. The Company participates in various programs and arrangements with customers designed to increase the sale of its products. Among these programs are arrangements under which allowances can be earned by customers for various discounts to the end retailers or for participating in specific marketing programs. The Company believes that its participation in these programs is essential to ensuring volume and revenue growth in a competitive marketplace. The costs of all these various programs that were included as a reduction in net sales, totaled $ 26,221 40,934 54,919 86,712 Shipping and handling costs incurred to move finished goods from the Company’s sales distribution centers to customer locations are included in selling and marketing expenses on the condensed consolidated statements of operations and totaled $ 27,563 11,639 71,813 33,179 The Company expenses advertising costs as incurred. For the three months ended September 30, 2015 and 2014, advertising expense was $ 29,130 226,555 155,623 674,746 The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents. The Company sells products to distributors and in certain cases directly to retailers, and extends credit, generally without requiring collateral, based on its evaluation of the customer’s financial condition. While the Company has a concentration of credit risk in the retail sector, it believes this risk is mitigated due to the diverse nature of the customers it serves, including, but not limited to, its type, geographic location, size, and beverage channel. Potential losses on the Company’s receivables are dependent on each individual customer’s financial condition and sales adjustments granted after the balance sheet date. The Company carries its trade accounts receivable at net realizable value. Typically, accounts receivable have terms of net 30 days and do not bear interest. The Company monitors its exposure to losses on receivables and maintains allowances for potential losses or adjustments. The Company determines these allowances by (1) evaluating the aging of its receivables; (2) analyzing its history of sales adjustments; and (3) reviewing its high-risk customers. Past due receivable balances are written off when the Company’s efforts have been unsuccessful in collecting the amount due. Accounts receivable are stated at the amounts management expects to collect. September 30, December 31, 2015 2014 Accounts receivable, gross $ 388,472 $ 198,637 Allowance for doubtful accounts (40,000) (24,000) Accounts receivable, net $ 348,472 $ 174,637 Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash on deposit with financial institutions and accounts receivable. At times, the Company’s cash in banks is in excess of the FDIC insurance limit. The Company has not experienced any loss as a result of these deposits. These cash balances are maintained with one bank. As of September 30, 2015, one customer accounted for 15 36 13 The Company’s inventory includes raw materials such as bottles, sweeteners, labels, flavors and packaging. Finished goods inventory consists of bottled and packaged iced tea. The Company values its inventories at the lower of cost or market, net of reserves. Cost is determined using the first-in, first-out (FIFO) method. During the three and nine months ended September 30, 2015, the Company recorded an adjustment of $ 38,673 As of September 30, 2015 December 31, 2014 Finished goods $ 908,230 $ 433,478 Raw materials and supplies 105,454 127,629 Total inventories $ 1,013,684 $ 561,107 Property and equipment is recorded at cost. Major property additions, replacements, and betterments are capitalized, while maintenance and repairs that do not extend the useful lives of an asset or add new functionality are expensed as incurred. Depreciation is recorded using the straight-line method over the respective estimated useful lives of the Company’s assets. The estimated useful lives typically are 3 years 5 years 5 years 27,043 23,399 76,578 48,261 Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually or when circumstances indicate that there could be an impairment. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. Intangibles assets with indefinite useful lives consist of the cost to purchase an internet domain name for $ 20,000 Intangible assets with finite useful lives are amortized over their expected useful life. Intangible assets with useful lives are tested for impairment when circumstances indicate that there could be an impairment. Intangible assets with finite useful lives include website development costs of $ 8,745 12,498 3 years 15,000 6,255 15,000 2,502 1,251 1,251 3,753 1,251 Effective May 27, 2015, the Company completed its reverse merger, whereby Long Island Brand Beverages LLC was deemed to be the accounting acquirer of Cullen Agricultural Holding Corp. From the date of the reverse merger, the Company’s results of operations began to be taxed as a C corporation. Prior to the reverse merger, the Company’s operations were taxed as a limited liability company, whereby the Company elected to be taxed as a partnership and the income or loss was required to be reported by each respective member on their separate tax returns. The Company’s change in status was not deemed to have a significant impact on the Company’s deferred tax assets primarily due to the fact that the Company recorded a full valuation allowance as a result of the Company’s historical operating losses. In addition, Cullen’s historical net operating losses may be subject to limitations as stipulated under Internal Revenue Code 382. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on the difference between the financial statement, and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carry forwards will result in a benefit based on expected profitability by tax jurisdiction. In its interim financial statements, the Company follows the guidance in ASC 270, “Interim Reporting” and ASC 740 “Income Taxes”, whereby the Company utilizes the expected annual effective tax rate in determining its income tax provisions for the interim periods. That rate differs from U.S. statutory rates primarily as a result of valuation allowance related to the Company’s net operating loss carryforward as a result of the historical losses of the Company. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liabilities. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. The Company accounts for uncertain tax positions in accordance with ASC 740—“Income Taxes”. No uncertain tax provisions have been identified. The Company accrues interest and penalties, if incurred, on unrecognized tax benefits as components of the income tax provision in the accompanying condensed consolidated statements of operations. Our primary tax jurisdictions are our federal, various state, and local taxes. Generally, Federal, State and Local authorities may examine the Company's tax returns for three years from the date of filing. In accordance with ASC 740, the Company evaluates whether a valuation allowance should be established against the net deferred tax assets based upon the consideration of all available evidence and using a “more likely than not” standard. Significant weight is given to evidence that can be objectively verified. The determination to record a valuation allowance is based on the recent history of cumulative losses and current operating performance. In conducting the analysis, the Company utilizes an approach, which considers the current year loss, including an assessment of the degree to which any losses are driven by items that are unusual in nature and incurred to improve future profitability. In addition, the Company reviews changes in near-term market conditions and any other factors arising during the period, which may impact its future operating results. The Company accounts for stock based compensation in accordance with ASC 718, Compensation - Stock Compensation (“ASC 718”). ASC 718 establishes accounting for stock-based awards exchanged for employee services. Under the provisions of ASC 718, stock based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the employee’s requisite service period (generally the vesting period of the equity grant). The fair value of the Company’s common stock options are estimated using the Black Scholes option-pricing model with the following assumptions: expected volatility, dividend rate, risk free interest rate and the expected life. The Company calculates the expected volatility using the historical volatility or comparable companies over the most recent period equal to the expected term and evaluates the extent to which available information indicate that future volatility may differ from historical volatility. The expected dividend rate is zero as the Company does not expect to pay or declare any cash dividends on common stock. The risk-free rates for the expected terms of the stock options are based on the U.S. Treasury yield curve in effect at the time of the grant. The Company has not experienced significant exercise activity on stock options. Due to the lack of historical information, the Company determined the expected term of its stock option awards issued using the simplified method. The simplified method assumes each vesting tranche of the award has a term equal to the midpoint between when the award vests and when the award expires. The Company expenses stock-based compensation by using the straight-line method. The Company accounts for stock options granted to consultants using the accounting guidance included in ASC 505-50 “Equity-Based Payments to Non-Employees” (“ASC 505-50”). In accordance with ASC 505-50, the Company estimates the fair value of unvested stock options each reporting period using the fair value of the Company’s common stock or the fair value of the services, based on which amount represents a more reliable measure of the cost incurred. Basic net earnings per common share is computed by dividing income/loss available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the impact of common shares issuable upon exercise of stock options. The computation of diluted earnings per share excludes those with an exercise price in excess of the average market price of the Company’s common shares during the periods presented. The computation of diluted earnings per share excludes outstanding options in periods where the exercise of such options would be antidilutive. For the three and nine months ended September 30, 2015 there were 194,667 138,250 The carrying amounts of cash, accounts receivable, accrued expenses and notes payable approximate fair value due to the short-term nature of these instruments. Certain reclassifications have been made to the accompanying 2014 condensed financial statements to conform them to the 2015 presentation. These reclassifications had no impact on the Company’s net loss for the periods presented. The Company’s business is seasonal with the summer months in the second and third quarter of the fiscal year typically generating the largest net sales. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09 - Revenue from Contracts with Customers ("ASU 2014-09"). It outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that "an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services." ASU 2014-09 is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods, for public companies, and for annual periods beginning after December 15, 2018 and interim periods within those annual periods, for private companies. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's financial statements. In June 2014, the FASB issued Accounting Standards Update 2014-12, “Accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period,” (“ASU 2014-12”) which requires performance-based awards with a performance target that affects vesting and that could be achieved after an employee completes the requisite service period to be accounted for as a performance condition. If performance targets are clearly defined and it is probable that the performance condition will be achieved, stock-based expense should be recognized over the remaining requisite service period. This guidance will be effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the provisions of the ASU and assessing the potential effect on the Company’s financial position or results of operations. In August 2014, the FASB issued Accounting Standard Update 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” related to disclosure of uncertainties about an entity's ability to continue as a going concern. The new standard provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements. Additionally, an entity must provide certain disclosures if there is substantial doubt about the entity's ability to continue as a going concern. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company is in the process of evaluating the impact of adoption on the Company's financial statements. In July 2015, the FASB issued Accounting Standards Update ("ASU") 2015-11, “Simplifying the Measurement of Inventory”, which changed the subsequent measurement guidance from the lower of cost or market to the lower of cost or net realizable value, with net realizable value defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. The Company is currently evaluating the impact of this standard on its financial statements. The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than described in Note 1 –Business Organization, Liquidity, and Management’s Plans, Note 4 – Commitments and Contingencies, and Note 10 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated interim financial statements.

LOANS PAYABLE

LOANS PAYABLE	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 3 – LOANS PAYABLE Cullen Loans On November 19, 2013, the Company and Cullen entered into a loan agreement (the “Cullen Loan Agreement”). Pursuant to the Cullen Loan Agreement, Cullen loaned the Company $ 600,000 6 August 31, 2014 600,000 450,000 600,000 6 300,000 6 August 31, 2014 March 15, 2016 250,000 6 March 15, 2016 1,500,000 250,000 Nortle Loan On August 26, 2013, the Company and Nortle Holdings Limited (“Nortle”) entered into a loan (“Nortle Loan”) and option agreement (“Nortle Option Agreement”). The Nortle Loan was secured by the inventory and accounts receivable of the Company. The Nortle Loan provided for Nortle to lend the Company an aggregate of $ 200,000 6 August 31, 2014 October 18, 2013 300,000 12 217,951 9,103 Ivory Castle Loan On April 22, 2014, the Company and Ivory Castle Limited (“Ivory Castle”) entered into a loan (“Ivory Castle Loan”). The Ivory Castle Loan provided for Ivory Castle to lend the Company an aggregate of $ 1,300,000 6 August 31, 2014 1,309,107 54,675 In addition, as a condition of the conversion, the Company was required to obtain Ivory Castle’s approval in the event of a proposed business combination or in the event that the Company seeks equity financing in excess of $1,000,000 prior to June 25, 2015. 400,000 6 July 31, 2016 403,485 100,872 Bass Properties LLC On April 28, 2015, the Company received $ 150,000 10 July 31, 2016 152,425 38,107

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 4 – COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company is involved in various claims and legal actions arising from time to time in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters in ordinary course of business will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. Legal costs related to these matters are expensed as they are incurred. On August 1, 2014, an action was filed by LIBB in the Supreme Court in the State of New York entitled Long Island Brand Beverages LLC v. Revolution Marketing, LLC and Ascent Talent, Model Promotion Ltd., for several claims including breach of contract and fraud occurring during 2014. The Company is seeking damages of $ 10,000,000 310,880 5,000,000 On October 3, 2014, an action was filed by Madwell LLC (“Madwell”) in the Supreme Court of New York entitled Madwell LLC v. Long Island Brand Beverages LLC, Philip Thomas, its Chief Executive Officer, and Paul Vassilakos, Cullen’s former Chief Executive Officer and a director of the Company. Madwell is seeking $ 940,000 440,000 500,000 On July 31, 2015, we entered into a settlement agreement with Madwell. Pursuant to the settlement agreement, we agreed to pay Madwell $ 440,000 290,000 50,000 80,000 Brokerage Arrangements The Company maintains arrangements with sales brokers who help with bringing new distributors and retail outlets to the Company. These sales brokers receive a commission for these services. Commissions to these brokers currently range from 2 5 Employment Agreements On May 27, 2015, the Company entered into employment agreements with Messrs. Thomas, Dydensborg and Meehan to serve as Chief Executive Officer, Chief Operating Officer and Chief Accounting Officer, respectively. Each has a term of two years except the agreements with Messrs. Dydensborg and Meehan provide that either the Company’s or the executive can terminate the agreement with six months’ advance notice (or three months’ advance notice, in the case of Mr. Meehan). The employment agreements will provide for Messrs. Thomas, Dydensborg and Meehan to receive base salaries of $ 150,000 130,000 120,000 50 40 25 On May 27, 2015, the Company entered into an employment agreement with Thomas Panza, a stockholder of the Company to serve as LIBB’s Purchasing Manager. The agreement has a term of two years except that either LILBB or Mr. Panza can terminate the agreement with six months’ advance notice. Mr. Panza will receive a base salary of $ 80,000 50 Consulting Agreements On June 17, 2015, the Company announced that it had determined to explore potential opportunities in expanding the business into alcoholic beverages. In connection with the proposed expansion, the Company engaged Julian Davidson as a consultant to spearhead this new initiative. The Company will reimburse Julian Davidson for reasonable business expenses. In the event the Company raises $ 10,000,000 During the three months ended September 30, 2015, the Company entered into agreements with three members of its Advisory Board. Upon signing the agreement, each Advisory Board Member was entitled to receive 7,500 4.00 90,000 For each year of service after December 31, 2015, the Advisory Board members will be entitled to receive $30,000 worth of common stock and $12,000 in cash on an annual basis. In addition, the members will be entitled to reimbursement of expenses and $1,000 for each meeting attended.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5 – STOCKHOLDERS’ EQUITY In connection with the Mergers, on May 27, 2015, 2,633,334 1,518,749 On May 27, 2015, the Company issued 19,047 98,120 On June 30, 2015, loans from Ivory Castle Limited and Bass Properties LLC, together with accrued interest, of $ 555,910 138,979 On June 30, 2015, the Company received gross proceeds of $ 50,000 12,500 On June 30, 2015, the Company received gross proceeds of $ 50,000 12,500 On June 30, 2015, the Company received gross proceeds of $ 370,544 92,636 On June 30, 2015, 9,038 36,150 On July 8, 2015, the Company received proceeds of $ 100,000 25,000 On September 30, 2015, the Company sold an aggregate of 72,750 4.00 3,000,000 3,000,000 65,500 553,000 186,884 366,116 6,250 6,250 22,500 15,000 The units consist of one share of the Company’s common stock and one warrant. The units are separable immediately upon issuance and are issued separately as shares of common stock and warrants. Each warrant entitles the holder to purchase one share of the Company’s common stock at an exercise price of $6.00 per share, commencing immediately and expiring on September 17, 2018. The exercise price and number of shares of common stock issuable on exercise of the warrants are subject to standard anti-dilution provisions. The shares will be issued pursuant to an exemption from registration. The Company, at its option, may call the warrants for redemption, in whole and not in part, at a price of $0.01 per warrant, if (i) the closing price per share of the common stock is at least $10.00 for 30 consecutive trading days ending on the third business day prior to the notice of redemption or (ii) the common stock is listed for trading on a national securities exchange and the closing price per share of common stock on the first day of trading on such exchange is at least $7.50. The right to exercise will be forfeited unless the warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder of a warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such warrant. The Placement Agent is entitled to a commission equal to (a) 10% of the aggregate purchase price from the units sold to investors introduced to the Company by the Placement Agent, and (b) 5% of the aggregate purchase price from the units sold to investors that were not introduced to the Company by the Placement Agent. In addition, the Company will pay the Placement Agent a non-accountable expense allowance equal to 3% of the aggregate purchase price from the units sold to investors introduced to the Company by the Placement Agent. At the final closing, the Placement Agent also will receive warrants to purchase a number of shares of the Company’s common stock equal to 10% of the total shares included in the units sold in the Placement, with an exercise price of $4.50 per share. Furthermore, if the Company sells the full $3,000,000 of units in the Placement, for the 12 month period commencing on the final closing of the Placement, the Placement Agent will have a right of first refusal to act as passive bookrunner with respect to any proposed underwritten public distribution or private placement of the Company’s securities. The Company also previously paid the Placement Agent a $ 15,000 70,090 13,825 10 97,969 9.75 0 68 1.37

STOCK OPTIONS

STOCK OPTIONS	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 6 – STOCK OPTIONS On May 27, 2015, the Company’s board of directors adopted the 2015 Long-Term Incentive Equity Plan (“2015 Stock Option Plan”). The 2015 Stock Option Plan provides for the grant of stock options, stock appreciation rights, restricted stock and other stock-based awards to, among others, the officers, directors, employees and consultants of the Company. The total number of shares of common stock reserved under the Plan are 466,667 On May 27, 2015, as part of their employment agreements, the Company granted the officers of the Company and Mr. Panza, options to purchase 194,667 3.75 May 26, 2020 Weighted Average Grant Date Fair Average Remaining Contractual Term Shares Weighted Average Exercise Price Value (Years) Aggregate Intrinsic Value Outstanding at January 1, 2015 - $ - $ - Granted 194,667 $ 3.75 $ 6.22 Exercised - $ - $ - Expired, forfeited or cancelled - $ - $ - Outstanding at September 30, 2015 194,667 $ 3.75 $ 6.22 4.7 $ 1,168,002 Exerciseable at September 30, 2015 24,333 $ 3.75 $ 6.22 4.7 $ 146,000 As of September 30, 2015, there was a total of $ 1,002,514 1.65 The Company accounts for all stock based compensation as an expense in the financial statements and associated costs are measured at the fair value of the award. For the three months and nine months ended September 30, 2015, the Company recorded stock based compensation expense of $ 151,354 207,949 The Black Scholes method option pricing model was used to estimate fair value as of the date of grants during 2015 using the assumptions: a stock price of $ 8.70 0 79 0.99 3.25

STOCK WARRANTS

STOCK WARRANTS	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Warrants Disclosure [Text Block]	NOTE 7 – STOCK WARRANTS On September 17, 2015 and September 30, 2015, the Company issued warrants to purchase 65,500 72,750 Weighted average contractual life Number of shares Weighted average exercise price (years) Outstanding - January 1, 2015 - $ - - Issued 138,250 $ 6.00 3.0 Expired - $ - - Forfeited - $ - - Outstanding September 30, 2015 138,250 $ 6.00 3.0

MAJOR CUSTOMERS AND VENDORS

MAJOR CUSTOMERS AND VENDORS	9 Months Ended
	Sep. 30, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 8 – MAJOR CUSTOMERS AND VENDORS For the three months ended September 30, 2015, one customer accounted for 10 32 16 13 For the nine months ended September 30, 2015, no customers accounted for greater than 10% of the Company’s net sales 37 14 15 For the three months ended September 30, 2015 and 2014, the largest vendors represented approximately 80 71 82 69 15

RELATED PARTIES

RELATED PARTIES	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 9 - RELATED PARTIES The Company recorded revenue related to shipments of inventory to two entities whose owners became employees of the Company during 2014. For the three months ended September 30, 2015 and 2014, sales to these related parties were $ 3,945 20,182 35,140 75,188 18,854 25,829 The Company recorded revenue related to shipments of inventory to an entity whose owner became an employee of the Company during 2015. For the three months ended September 30, 2015, sales to this related party were $ 742 11,716 51,915 In addition, the Company recorded revenue related to shipments of inventory to an entity owned by an immediate family member of Philip Thomas, CEO, stockholder, and member of the Board of Directors. Mr. Thomas is also an employee of this entity. For the three months ended September 30, 2015 and 2014, sales to this related party were $ 1,512 1,924 4,373 5,053 1,653 1,326 During the three and nine months ended September 30, 2015, the Company accrued $ 60,000 30,000 A stockholder and a company owned by member of the Board of Directors of the Company has paid certain expenses on behalf of the Company. As of September 30, 2015 accounts payable to these parties were $ 47,414 On August 21, 2014, the Company entered into a loan agreement with Philip Thomas for $ 30,000 6 October 15, 2014

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 10 – SUBSEQUENT EVENTS On October 23, 2015 and October 30, 2015, the Company received total gross proceeds of $ 70,000 17,500 17,500

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the result that may be expected for the year ending December 31, 2015. These condensed consolidated financial statements should be read in conjunction with the financial statements for the year ended December 31, 2014 and related notes thereto included the registration statement on Form S-4 as amended which was filed by Long Island Iced Tea Corp. on April 24, 2015 and declared effective on May 1, 2015.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The unaudited interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All inter-company balances and transactions have been eliminated in the accompanying unaudited interim consolidated financial statements.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to, assessing the collectability of accounts receivable, accrual of rebates to customers, the valuation of inventory, determining the estimated lives of long-lived assets, determining the potential impairment of intangibles, other legal claims and contingencies. The results of any changes in accounting estimates, are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the period that they are determined to be necessary.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue is stated net of sales discounts and rebates paid to customers (See Customer Marketing Programs and Sales Incentives, below). Net sales are recognized when all of the following conditions are met: (1) the price is fixed and determinable; (2) evidence of a binding arrangement exists (generally, purchase orders); (3) products have been delivered and there is no future performance required; and (4) amounts are collectible under normal payment terms. These conditions typically occur when the products are delivered to or picked up by the Company’s customers.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Customer Marketing Programs and Sales Incentives The Company participates in various programs and arrangements with customers designed to increase the sale of its products. Among these programs are arrangements under which allowances can be earned by customers for various discounts to the end retailers or for participating in specific marketing programs. The Company believes that its participation in these programs is essential to ensuring volume and revenue growth in a competitive marketplace. The costs of all these various programs that were included as a reduction in net sales, totaled $ 26,221 40,934 54,919 86,712
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs incurred to move finished goods from the Company’s sales distribution centers to customer locations are included in selling and marketing expenses on the condensed consolidated statements of operations and totaled $ 27,563 11,639 71,813 33,179
Advertising Costs, Policy [Policy Text Block]	Advertising The Company expenses advertising costs as incurred. For the three months ended September 30, 2015 and 2014, advertising expense was $ 29,130 226,555 155,623 674,746
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents The Company considers all highly liquid instruments with an original maturity of three months or less when acquired to be cash equivalents.
Receivables, Policy [Policy Text Block]	Accounts Receivable The Company sells products to distributors and in certain cases directly to retailers, and extends credit, generally without requiring collateral, based on its evaluation of the customer’s financial condition. While the Company has a concentration of credit risk in the retail sector, it believes this risk is mitigated due to the diverse nature of the customers it serves, including, but not limited to, its type, geographic location, size, and beverage channel. Potential losses on the Company’s receivables are dependent on each individual customer’s financial condition and sales adjustments granted after the balance sheet date. The Company carries its trade accounts receivable at net realizable value. Typically, accounts receivable have terms of net 30 days and do not bear interest. The Company monitors its exposure to losses on receivables and maintains allowances for potential losses or adjustments. The Company determines these allowances by (1) evaluating the aging of its receivables; (2) analyzing its history of sales adjustments; and (3) reviewing its high-risk customers. Past due receivable balances are written off when the Company’s efforts have been unsuccessful in collecting the amount due. Accounts receivable are stated at the amounts management expects to collect. September 30, December 31, 2015 2014 Accounts receivable, gross $ 388,472 $ 198,637 Allowance for doubtful accounts (40,000) (24,000) Accounts receivable, net $ 348,472 $ 174,637
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash on deposit with financial institutions and accounts receivable. At times, the Company’s cash in banks is in excess of the FDIC insurance limit. The Company has not experienced any loss as a result of these deposits. These cash balances are maintained with one bank. As of September 30, 2015, one customer accounted for 15 36 13
Inventory, Policy [Policy Text Block]	Inventories The Company’s inventory includes raw materials such as bottles, sweeteners, labels, flavors and packaging. Finished goods inventory consists of bottled and packaged iced tea. The Company values its inventories at the lower of cost or market, net of reserves. Cost is determined using the first-in, first-out (FIFO) method. During the three and nine months ended September 30, 2015, the Company recorded an adjustment of $ 38,673 As of September 30, 2015 December 31, 2014 Finished goods $ 908,230 $ 433,478 Raw materials and supplies 105,454 127,629 Total inventories $ 1,013,684 $ 561,107
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment is recorded at cost. Major property additions, replacements, and betterments are capitalized, while maintenance and repairs that do not extend the useful lives of an asset or add new functionality are expensed as incurred. Depreciation is recorded using the straight-line method over the respective estimated useful lives of the Company’s assets. The estimated useful lives typically are 3 years 5 years 5 years 27,043 23,399 76,578 48,261
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually or when circumstances indicate that there could be an impairment. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. Intangibles assets with indefinite useful lives consist of the cost to purchase an internet domain name for $ 20,000 Intangible assets with finite useful lives are amortized over their expected useful life. Intangible assets with useful lives are tested for impairment when circumstances indicate that there could be an impairment. Intangible assets with finite useful lives include website development costs of $ 8,745 12,498 3 years 15,000 6,255 15,000 2,502 1,251 1,251 3,753 1,251
Income Tax, Policy [Policy Text Block]	Income Taxes Effective May 27, 2015, the Company completed its reverse merger, whereby Long Island Brand Beverages LLC was deemed to be the accounting acquirer of Cullen Agricultural Holding Corp. From the date of the reverse merger, the Company’s results of operations began to be taxed as a C corporation. Prior to the reverse merger, the Company’s operations were taxed as a limited liability company, whereby the Company elected to be taxed as a partnership and the income or loss was required to be reported by each respective member on their separate tax returns. The Company’s change in status was not deemed to have a significant impact on the Company’s deferred tax assets primarily due to the fact that the Company recorded a full valuation allowance as a result of the Company’s historical operating losses. In addition, Cullen’s historical net operating losses may be subject to limitations as stipulated under Internal Revenue Code 382. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on the difference between the financial statement, and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The Company estimates the degree to which tax assets and credit carry forwards will result in a benefit based on expected profitability by tax jurisdiction. In its interim financial statements, the Company follows the guidance in ASC 270, “Interim Reporting” and ASC 740 “Income Taxes”, whereby the Company utilizes the expected annual effective tax rate in determining its income tax provisions for the interim periods. That rate differs from U.S. statutory rates primarily as a result of valuation allowance related to the Company’s net operating loss carryforward as a result of the historical losses of the Company. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liabilities. In management’s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. The Company accounts for uncertain tax positions in accordance with ASC 740—“Income Taxes”. No uncertain tax provisions have been identified. The Company accrues interest and penalties, if incurred, on unrecognized tax benefits as components of the income tax provision in the accompanying condensed consolidated statements of operations. Our primary tax jurisdictions are our federal, various state, and local taxes. Generally, Federal, State and Local authorities may examine the Company's tax returns for three years from the date of filing. In accordance with ASC 740, the Company evaluates whether a valuation allowance should be established against the net deferred tax assets based upon the consideration of all available evidence and using a “more likely than not” standard. Significant weight is given to evidence that can be objectively verified. The determination to record a valuation allowance is based on the recent history of cumulative losses and current operating performance. In conducting the analysis, the Company utilizes an approach, which considers the current year loss, including an assessment of the degree to which any losses are driven by items that are unusual in nature and incurred to improve future profitability. In addition, the Company reviews changes in near-term market conditions and any other factors arising during the period, which may impact its future operating results.
Compensation Related Costs, Policy [Policy Text Block]	Stock Based Compensation The Company accounts for stock based compensation in accordance with ASC 718, Compensation - Stock Compensation (“ASC 718”). ASC 718 establishes accounting for stock-based awards exchanged for employee services. Under the provisions of ASC 718, stock based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the employee’s requisite service period (generally the vesting period of the equity grant). The fair value of the Company’s common stock options are estimated using the Black Scholes option-pricing model with the following assumptions: expected volatility, dividend rate, risk free interest rate and the expected life. The Company calculates the expected volatility using the historical volatility or comparable companies over the most recent period equal to the expected term and evaluates the extent to which available information indicate that future volatility may differ from historical volatility. The expected dividend rate is zero as the Company does not expect to pay or declare any cash dividends on common stock. The risk-free rates for the expected terms of the stock options are based on the U.S. Treasury yield curve in effect at the time of the grant. The Company has not experienced significant exercise activity on stock options. Due to the lack of historical information, the Company determined the expected term of its stock option awards issued using the simplified method. The simplified method assumes each vesting tranche of the award has a term equal to the midpoint between when the award vests and when the award expires. The Company expenses stock-based compensation by using the straight-line method. The Company accounts for stock options granted to consultants using the accounting guidance included in ASC 505-50 “Equity-Based Payments to Non-Employees” (“ASC 505-50”). In accordance with ASC 505-50, the Company estimates the fair value of unvested stock options each reporting period using the fair value of the Company’s common stock or the fair value of the services, based on which amount represents a more reliable measure of the cost incurred.
Earnings Per Share, Policy [Policy Text Block]	Earnings per share Basic net earnings per common share is computed by dividing income/loss available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the impact of common shares issuable upon exercise of stock options. The computation of diluted earnings per share excludes those with an exercise price in excess of the average market price of the Company’s common shares during the periods presented. The computation of diluted earnings per share excludes outstanding options in periods where the exercise of such options would be antidilutive. For the three and nine months ended September 30, 2015 there were 194,667 138,250
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying amounts of cash, accounts receivable, accrued expenses and notes payable approximate fair value due to the short-term nature of these instruments.
Reclassification, Policy [Policy Text Block]	Reclassification Certain reclassifications have been made to the accompanying 2014 condensed financial statements to conform them to the 2015 presentation. These reclassifications had no impact on the Company’s net loss for the periods presented.
Seasonal Sales [Policy Text Block]	Seasonality The Company’s business is seasonal with the summer months in the second and third quarter of the fiscal year typically generating the largest net sales.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09 - Revenue from Contracts with Customers ("ASU 2014-09"). It outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that "an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services." ASU 2014-09 is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods, for public companies, and for annual periods beginning after December 15, 2018 and interim periods within those annual periods, for private companies. The Company is currently in the process of evaluating the impact of adoption of this ASU on the Company's financial statements. In June 2014, the FASB issued Accounting Standards Update 2014-12, “Accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period,” (“ASU 2014-12”) which requires performance-based awards with a performance target that affects vesting and that could be achieved after an employee completes the requisite service period to be accounted for as a performance condition. If performance targets are clearly defined and it is probable that the performance condition will be achieved, stock-based expense should be recognized over the remaining requisite service period. This guidance will be effective for fiscal years (and interim reporting periods within those years) beginning after December 15, 2015. Early adoption is permitted. The Company is in the process of evaluating the provisions of the ASU and assessing the potential effect on the Company’s financial position or results of operations. In August 2014, the FASB issued Accounting Standard Update 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” related to disclosure of uncertainties about an entity's ability to continue as a going concern. The new standard provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial statements. Additionally, an entity must provide certain disclosures if there is substantial doubt about the entity's ability to continue as a going concern. The new standard will be effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company is in the process of evaluating the impact of adoption on the Company's financial statements. In July 2015, the FASB issued Accounting Standards Update ("ASU") 2015-11, “Simplifying the Measurement of Inventory”, which changed the subsequent measurement guidance from the lower of cost or market to the lower of cost or net realizable value, with net realizable value defined as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. The Company is currently evaluating the impact of this standard on its financial statements.
Subsequent Events, Policy [Policy Text Block]	Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the review, other than described in Note 1 –Business Organization, Liquidity, and Management’s Plans, Note 4 – Commitments and Contingencies, and Note 10 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated interim financial statements.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable, net, is as follows: September 30, December 31, 2015 2014 Accounts receivable, gross $ 388,472 $ 198,637 Allowance for doubtful accounts (40,000) (24,000) Accounts receivable, net $ 348,472 $ 174,637
Schedule of Inventory, Current [Table Text Block]	The following table summarizes inventories as of the dates presented: As of September 30, 2015 December 31, 2014 Finished goods $ 908,230 $ 433,478 Raw materials and supplies 105,454 127,629 Total inventories $ 1,013,684 $ 561,107

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following table summarizes the stock option activity of the Company: Weighted Average Grant Date Fair Average Remaining Contractual Term Shares Weighted Average Exercise Price Value (Years) Aggregate Intrinsic Value Outstanding at January 1, 2015 - $ - $ - Granted 194,667 $ 3.75 $ 6.22 Exercised - $ - $ - Expired, forfeited or cancelled - $ - $ - Outstanding at September 30, 2015 194,667 $ 3.75 $ 6.22 4.7 $ 1,168,002 Exerciseable at September 30, 2015 24,333 $ 3.75 $ 6.22 4.7 $ 146,000

STOCK WARRANTS (Tables)

STOCK WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2015
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Other Share-based Compensation, Activity [Table Text Block]	The following table summarizes the stock warrant activity of the Company: Weighted average contractual life Number of shares Weighted average exercise price (years) Outstanding - January 1, 2015 - $ - - Issued 138,250 $ 6.00 3.0 Expired - $ - - Forfeited - $ - - Outstanding September 30, 2015 138,250 $ 6.00 3.0

BUSINESS ORGANIZATION, LIQUID22

BUSINESS ORGANIZATION, LIQUIDITY AND MANAGEMENT'S PLANS (Details Textual) - USD ($)	Sep. 30, 2015	Jul. 08, 2015	Oct. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 17, 2015	May. 27, 2015	Dec. 31, 2014
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Working Capital, Target									$ 70,069
Working Capital, Target Reduction Per Day									3,333
Cash	$ 268,688			$ 268,688		$ 268,688
Net loss				(954,690)	$ (857,422)	(2,016,842)	$ (2,601,911)
Stockholders' Equity	507,869			507,869		507,869				$ (1,180,498)
Working Capital	$ 215,409			$ 215,409		215,409
Proceeds from Issuance of Common Stock						$ 568,468	$ 0
Warrants Issued To Purchase Shares Of Common Stock	72,750			72,750		72,750		65,500
Subsequent Event [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Warrants Issued To Purchase Shares Of Common Stock			17,500
Common Stock [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares						2,633,334
Business Acquisition, Equity Interest Issued or Issuable, Basis for Determining Value						If LIBBs estimated net working capital at the closing was less than its net working capital target, the number of shares of Long Island Iced Tea Corp.s common stock to be received by the LIBB members at the closing was to be reduced by a number of shares, allocated among the LIBB members pro rata, equal to such deficiency divided by $3.00. If LIBBs estimated net working capital at the closing was more than its net working capital target, the number of shares of Long Island Iced Tea Corp.s common stock to be received by the LIBB members at the closing was to be increased by a number of shares, allocated among the LIBB members pro rata, equal to such excess divided by $3.00.
Percentage Of Shares To Be Received Excluding Working Capital Adjustment						63.00%
Net loss						$ 0
Stockholders' Equity	$ 460			$ 460		$ 460				$ 263
Stock Issued During Period, Shares, New Issues						142,636
Common Stock [Member] | Subsequent Event [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			17,500
Proceeds from Issuance of Common Stock			$ 70,000
Placement Agents [Member] | Common Stock [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues	138,250	25,000
Proceeds from Issuance of Common Stock	$ 366,116	$ 100,000
Warrants To Purchase Common Stock Shares	138,250			138,250		138,250
Cullen [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Working Capital, Target									786,985
Working Capital, Target Reduction Per Day									$ 667
Business Combination, Indemnification Assets, Description						To provide a fund for satisfaction of Cullen, Long Island Iced Tea Corp.s and LIBBs post-Closing rights to indemnification under the Merger Agreement,
Business Combination, Indemnification Assets, Basis for Amount						an aggregate of 500,000 of the Merger Shares ( Indemnity Shares ) were placed in escrow, in accordance with an escrow agreement (the Escrow Agreement ) executed by Long Island Iced Tea Corp., Philip Thomas, as the representative of the Members under the Merger Agreement (the LIBB Representative ), and Continental Stock Transfer & Trust Company, as escrow agent (the Escrow Agent ). The escrow is the sole remedy for Cullen, Long Island Iced Tea Corp. and LIBB for their rights to indemnification under the Merger Agreement. The Members right to indemnification will be satisfied through the issuance by Long Island Iced Tea Corp. of up to 500,000 additional shares of Long Island Iced Tea Corp.s Common Stock.
Cullen [Member] | Common Stock [Member]
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Basis for Determining Value						If Cullens estimated net working capital at the closing was more than its net working capital target, the number of shares of Long Island Iced Tea Corp.s common stock to be received by the LIBB members at the closing was to be reduced by a number of shares, allocated among the LIBB members pro rata, equal to such excess divided by $3.00. If Cullens estimated net working capital at the closing was less than its net working capital target, the number of shares of Long Island Iced Tea Corp.s common stock to be received by the LIBB members at the closing was to be increased by a number of shares, allocated among the LIBB members pro rata, equal to such deficiency divided by $3.00.

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 388,472	$ 198,637
Allowance for doubtful accounts	(40,000)	(24,000)
Accounts receivable, net	$ 348,472	$ 174,637

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Inventory [Line Items]
Finished goods	$ 908,230	$ 433,478
Raw materials and supplies	105,454	127,629
Total inventories	$ 1,013,684	$ 561,107

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary Of Significant Accounting Policy [Line Items]
Shipping, Handling and Transportation Costs	$ 27,563	$ 11,639	$ 71,813	$ 33,179
Advertising Expense	29,130	226,555	155,623	674,746
Depreciation	27,043	23,399	76,578	48,261
Cost of Goods Sold, Total	$ 392,606	513,226	$ 1,104,723	1,284,933
Warrant [Member]
Summary Of Significant Accounting Policy [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	138,250		138,250
Employee Stock Option [Member]
Summary Of Significant Accounting Policy [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	194,667		194,667
Reduce Cost Of Certain Products [Member]
Summary Of Significant Accounting Policy [Line Items]
Cost of Goods Sold, Total	$ 38,673		$ 38,673
Containers [Member]
Summary Of Significant Accounting Policy [Line Items]
Property, Plant and Equipment, Estimated Useful Lives			3 years
Office Equipment [Member] | Minimum [Member]
Summary Of Significant Accounting Policy [Line Items]
Property, Plant and Equipment, Estimated Useful Lives			3 years
Office Equipment [Member] | Maximum [Member]
Summary Of Significant Accounting Policy [Line Items]
Property, Plant and Equipment, Estimated Useful Lives			5 years
Trucks and Automobiles [Member] | Minimum [Member]
Summary Of Significant Accounting Policy [Line Items]
Property, Plant and Equipment, Estimated Useful Lives			3 years
Trucks and Automobiles [Member] | Maximum [Member]
Summary Of Significant Accounting Policy [Line Items]
Property, Plant and Equipment, Estimated Useful Lives			5 years
Customer One [Member] | Trade Accounts Receivable [Member]
Summary Of Significant Accounting Policy [Line Items]
Concentration Risk, Percentage			15.00%		36.00%
Customer Two [Member] | Trade Accounts Receivable [Member]
Summary Of Significant Accounting Policy [Line Items]
Concentration Risk, Percentage					13.00%
Customer Relationships [Member]
Summary Of Significant Accounting Policy [Line Items]
Rebates Against Revenue Expenses	26,221	40,934	$ 54,919	86,712
Internet Domain Names [Member]
Summary Of Significant Accounting Policy [Line Items]
Indefinite-lived Intangible Assets Acquired			$ 20,000
Website [Member]
Summary Of Significant Accounting Policy [Line Items]
Property, Plant and Equipment, Estimated Useful Lives			3 years
Finite-Lived Intangible Assets, Net	8,745		$ 8,745		$ 12,498
Finite-Lived Intangible Assets, Gross	15,000		15,000		15,000
Finite-Lived Intangible Assets, Accumulated Amortization	6,255		6,255		$ 2,502
Amortization of Intangible Assets	$ 1,251	$ 1,251	$ 3,753	$ 1,251

LOANS PAYABLE (Details Textual)

LOANS PAYABLE (Details Textual) - USD ($)

Dec. 05, 2013

Jun. 30, 2015

May. 27, 2015

May. 04, 2015

Apr. 28, 2015

Mar. 26, 2015

Jun. 25, 2014

Apr. 30, 2014

Apr. 22, 2014

Nov. 19, 2013

Aug. 26, 2013

Sep. 30, 2015

Bass Properties LLC [Member]

Debt Instrument [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

10.00%

Debt Conversion, Converted Instrument, Amount

$ 152,425

Debt Conversion, Converted Instrument, Shares Issued

38,107

Proceeds from Loans

$ 150,000

Debt Instrument, Maturity Date

Jul. 31, 2016

Cullen Loan Agreement [Member]

Debt Instrument [Line Items]

Debt Amount Eliminate Upon Consolidation

$ 250,000

Proceeds from Issuance of Long-term Debt

$ 600,000

$ 250,000

$ 300,000

$ 600,000

Debt Instrument, Interest Rate, Stated Percentage

6.00%

6.00%

6.00%

6.00%

Proceeds from Issuance of Debt

$ 600,000

Long-term Line of Credit

$ 450,000

Extinguishment of Debt, Amount

$ 1,500,000

Debt Instrument, Maturity Date

Mar. 15, 2016

Aug. 31, 2014

Aug. 31, 2014

Debt Instrument, Maturity Date Range, End

Mar. 15, 2016

Nortle Option Agreement [Member]

Debt Instrument [Line Items]

Proceeds from Issuance of Long-term Debt

$ 200,000

Debt Instrument, Interest Rate, Stated Percentage

6.00%

Debt Instrument Interest Rate Increased During Period

12.00%

Debt Conversion, Converted Instrument, Amount

$ 217,951

Debt Instrument, Maturity Date

Aug. 31, 2014

Additional Financing Option

$ 300,000

Voting Units Issued Prior To Merger

9,103

Additional Financing Option Expiry Date

Oct. 18, 2013

Ivory Castle Loan [Member]

Debt Instrument [Line Items]

Proceeds from Issuance of Long-term Debt

$ 1,300,000

Debt Instrument, Interest Rate, Stated Percentage

6.00%

6.00%

Debt Conversion, Converted Instrument, Amount

$ 403,485

$ 1,309,107

Debt Conversion, Converted Instrument, Shares Issued

100,872

Proceeds from Loans

$ 400,000

Debt Instrument, Maturity Date

Jul. 31, 2016

Aug. 31, 2014

Voting Units Issued Prior To Merger

54,675

Debt Instrument, Convertible, Terms of Conversion Feature

In addition, as a condition of the conversion, the Company was required to obtain Ivory Castles approval in the event of a proposed business combination or in the event that the Company seeks equity financing in excess of $1,000,000 prior to June 25, 2015.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	Oct. 03, 2014	Oct. 30, 2015	Jul. 31, 2015	May. 27, 2015	Aug. 30, 2014	Sep. 30, 2015	Sep. 30, 2015	Jun. 17, 2015
Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value					$ 10,000,000
Maximum Amount To Be Raised To Enter Employment Contract Under Proposed Business Expansion								$ 10,000,000
Other General and Administrative Expense						$ 90,000	$ 90,000
Description of Advisory Board Meeting							For each year of service after December 31, 2015, the Advisory Board members will be entitled to receive $30,000 worth of common stock and $12,000 in cash on an annual basis. In addition, the members will be entitled to reimbursement of expenses and $1,000 for each meeting attended.
Common Stock, Capital Shares Reserved for Future Issuance				466,667
Minimum [Member]
Commitments And Contingencies [Line Items]
Percentage of Brokerage Commissions							2.00%
Maximum [Member]
Commitments And Contingencies [Line Items]
Percentage of Brokerage Commissions							5.00%
Advisory Board [Member]
Commitments And Contingencies [Line Items]
Shares Issued, Price Per Share						$ 4	$ 4
Common Stock, Capital Shares Reserved for Future Issuance						7,500	7,500
Chief Executive Officer [Member]
Commitments And Contingencies [Line Items]
Officers' Compensation				$ 150,000
Officers Compensation, Percentage Of Incentive Bonus				50.00%
Chief Operating Officer [Member]
Commitments And Contingencies [Line Items]
Officers' Compensation				$ 130,000
Officers Compensation, Percentage Of Incentive Bonus				40.00%
Chief Accounting Officer [Member]
Commitments And Contingencies [Line Items]
Officers' Compensation				$ 120,000
Officers Compensation, Percentage Of Incentive Bonus				25.00%
Purchasing Manager [Member]
Commitments And Contingencies [Line Items]
Officers' Compensation				$ 80,000
Officers Compensation, Percentage Of Incentive Bonus				50.00%
Revolution Marketing [Member] | Breach Of Contract [Member]
Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value					310,880
Revolution Marketing [Member] | Punitive Damages [Member]
Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value					$ 5,000,000
Madwell LLC [Member]
Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 940,000		$ 440,000
Monthly Installments of Accounts Payable						$ 80,000	$ 80,000
Accounts Payable						$ 290,000	$ 290,000
Madwell LLC [Member] | Subsequent Event [Member]
Commitments And Contingencies [Line Items]
Payments for Legal Settlements		$ 50,000
Madwell LLC [Member] | Breach Of Contract [Member]
Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	440,000
Madwell LLC [Member] | Punitive Damages [Member]
Commitments And Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 500,000

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)	Jul. 08, 2015	Oct. 30, 2015	Sep. 17, 2015	May. 27, 2015	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Stockholders Equity Note [Line Items]
Stock Issued During Period, Value, New Issues						$ 568,468
Conversion of Stock, Amount Issued					$ 555,910
Conversion of Stock, Shares Issued					138,979
Units Issued During period Shares						72,750
Units Issued During Period Per Share						$ 4
Maximum Offering Units Issued Private Placement						$ 3,000,000
Units Issued During Period In Offering			65,500
Gross Proceeds From Offering Units			$ 553,000
Net Proceeds From Offering Units						366,116
Payment of Financing and Stock Issuance Costs, Total						$ 186,884
Description of Warrants						Each warrant entitles the holder to purchase one share of the Company’s common stock at an exercise price of $6.00 per share, commencing immediately and expiring on September 17, 2018. The exercise price and number of shares of common stock issuable on exercise of the warrants are subject to standard anti-dilution provisions. The Company, at its option, may call the warrants for redemption, in whole and not in part, at a price of $0.01 per warrant, if (i) the closing price per share of the common stock is at least $10.00 for 30 consecutive trading days ending on the third business day prior to the notice of redemption or (ii) the common stock is listed for trading on a national securities exchange and the closing price per share of common stock on the first day of trading on such exchange is at least $7.50.
Description of Units Sold To Investors						The Placement Agent is entitled to a commission equal to (a) 10% of the aggregate purchase price from the units sold to investors introduced to the Company by the Placement Agent, and (b) 5% of the aggregate purchase price from the units sold to investors that were not introduced to the Company by the Placement Agent. In addition, the Company will pay the Placement Agent a non-accountable expense allowance equal to 3% of the aggregate purchase price from the units sold to investors introduced to the Company by the Placement Agent. At the final closing, the Placement Agent also will receive warrants to purchase a number of shares of the Company’s common stock equal to 10% of the total shares included in the units sold in the Placement, with an exercise price of $4.50 per share. Furthermore, if the Company sells the full $3,000,000 of units in the Placement, for the 12 month period commencing on the final closing of the Placement, the Placement Agent will have a right of first refusal to act as passive bookrunner with respect to any proposed underwritten public distribution or private placement of the Company’s securities.
Commitment Fee						$ 15,000
Fees and Commissions						$ 70,090
Share Price						$ 8.70
Proceeds from Issuance of Common Stock						$ 568,468	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term						3 years 3 months
Common Stock [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues						142,636
Stock Issued During Period, Value, New Issues						$ 14
Subsequent Event [Member]
Stockholders Equity Note [Line Items]
Maximum Offering Units Issued Private Placement		$ 3,000,000
Subsequent Event [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues		17,500
Proceeds from Issuance of Common Stock		$ 70,000
Private Placement [Member]
Stockholders Equity Note [Line Items]
Percentage of Securities Issued on Warrants						10.00%
Warrants and Rights Outstanding						$ 97,969
Share Price						$ 9.75
Fair Value Assumptions, Expected Dividend Rate						0.00%
Fair Value Assumptions, Expected Volatility Rate						68.00%
Fair Value Assumptions, Risk Free Interest Rate						1.37%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term						5 years
Warrants To Be Issued						13,825
Private Placement [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues	25,000
Proceeds from Issuance of Common Stock	$ 100,000
Ivory Castle Limited [Member]
Stockholders Equity Note [Line Items]
Units Issued During period Shares						22,500
Bass Properties LLC [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues					92,636
Stock Issued During Period, Value, New Issues					$ 370,544
Units Issued During period Shares						15,000
Accounts Payable [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues				19,047	9,038
Stock Issued During Period, Value, New Issues				$ 98,120	$ 36,150
Former Members of LIBB [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, Acquisitions				2,633,334
Former Members of Cullen [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, Acquisitions				1,518,749
Family Member Of Director One [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues					12,500
Stock Issued During Period, Value, New Issues					$ 50,000
Family Member Of Director Two [Member]
Stockholders Equity Note [Line Items]
Stock Issued During Period, Shares, New Issues					12,500
Stock Issued During Period, Value, New Issues					$ 50,000
Board of Directors [Member]
Stockholders Equity Note [Line Items]
Units Issued During period Shares						6,250
Chief Executive Officer [Member]
Stockholders Equity Note [Line Items]
Units Issued During period Shares						6,250

STOCK OPTIONS (Details)

STOCK OPTIONS (Details)	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Outstanding beginning balance | shares	0
Number of shares, Granted | shares	194,667
Number of shares, Exercised | shares	0
Number of shares, Expired, forfeited or cancelled | shares	0
Number of shares, Outstanding ending balance | shares	194,667
Number of shares, Exerciseable | shares	24,333
Weighted Average Exercise Price, Outstanding beginning balance	$ 0
Weighted Average Exercise Price, Granted	3.75
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Expired, forfeited or cancelled	0
Weighted Average Exercise Price, Outstanding ending balance	3.75
Weighted Average Exercise Price, Exerciseable	3.75
Weighted Average Grant Date Fair Value, Outatanding beginning balance	0
Weighted Average Grant Date Fair Value, Granted	6.22
Weighted Average Grant Date Fair Value, Exercised	0
Weighted Average Grant Date Fair Value, Expired, forfeited or cancelled	0
Weighted Average Grant Date Fair Value, Outstanding ending balance	$ 6.22
Weighted Average Remaining Contractual Term (Years)	4 years 8 months 12 days
Weighted Average Outstanding Aggregate Intrinsic Value | $	$ 1,168,002
Weighted Average Exerciseable Contractual Term (Years)	4 years 8 months 12 days
Weighted Average Exercisable Aggregate Intrinsic Value | $	$ 146,000

STOCK OPTIONS (Details Textual)

STOCK OPTIONS (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	May. 27, 2015	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	466,667
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			194,667
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 3.75
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options		$ 1,002,514	$ 1,002,514
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			1 year 7 months 24 days
Share-based Compensation		$ 151,354	$ 207,949	$ 0
Share Price		$ 8.70	$ 8.70
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			79.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.99%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			3 years 3 months
Panza
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	194,667
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 3.75
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	May 26, 2020

STOCK WARRANTS (Details)

STOCK WARRANTS (Details) - Warrant [Member]	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, Outstanding beginning balance | shares	0
Number of shares, Issued | shares	138,250
Number of shares, Expired | shares	0
Number of shares, Forfeited | shares	0
Number of shares, Outstanding ending balance | shares	138,250
Weighted Average Exercise Price, Outstanding beginning balance	$ 0
Weighted Average Exercise Price, Issued	6
Weighted Average Exercise Price, Expired	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Outstanding ending balance	$ 6
Weighted Average Remaining Contractual Term (Years)	3 years

STOCK WARRANTS (Details Textual

STOCK WARRANTS (Details Textual) - shares	Sep. 30, 2015	Sep. 17, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Issued To Purchase Shares Of Common Stock	72,750	65,500

MAJOR CUSTOMERS AND VENDORS (De

MAJOR CUSTOMERS AND VENDORS (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Customer One [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		32.00%		37.00%
Customer Two [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	10.00%	16.00%		14.00%
Customer Three [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		13.00%		15.00%
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Customer			no customers accounted for greater than 10% of the Companys net sales
Four Vendors [Member] | Cost of Goods, Total [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			82.00%
Three Vendors [Member] | Cost of Goods, Total [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	80.00%	71.00%		69.00%
One Vendor [Member] | Accounts Payable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			15.00%

RELATED PARTIES (Details Textua

RELATED PARTIES (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Aug. 21, 2014
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties		$ 72,423		$ 72,423			$ 27,155
Revenue from Related Parties		6,199	$ 22,106	51,229	$ 80,241
Accounts Payable, Related Parties, Current		47,414		47,414
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party		60,000		60,000
Stock Issued During Period, Value, Issued for Services				134,270
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Debt Instrument, Face Amount								$ 30,000
Customers [Member]
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties		18,854		18,854			25,829
Advisory Board [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Value, Issued for Services						$ 30,000
Related Party One [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties		20,182	3,945	35,140	75,188
Immediate Family Member of Management or Principal Owner [Member]
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties		1,653		1,653			$ 1,326
Revenue from Related Parties		1,512	$ 1,924	4,373	$ 5,053
Related Party Two [Member] | Individual Counterparty [Member]
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties		51,915		51,915
Revenue from Related Parties		$ 742		$ 11,716
Philip Thomas [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								6.00%
Debt Instrument, Maturity Date	Oct. 15, 2014

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 17, 2015
Subsequent Event [Line Items]
Proceeds from Issuance of Common Stock		$ 568,468	$ 0
Warrants Issued To Purchase Shares Of Common Stock		72,750		65,500
Common Stock [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues		142,636
Subsequent Event [Member]
Subsequent Event [Line Items]
Warrants Issued To Purchase Shares Of Common Stock	17,500
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Proceeds from Issuance of Common Stock	$ 70,000
Stock Issued During Period, Shares, New Issues	17,500