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00000024 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://longislandicedtea.com/role/SummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001629261 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accounting Policies [Abstract]
 
Schedule of Available for Sale Securities

The following table sets forth the available-for-sale securities:

 

    As of
December 31, 2016		  
US Government Securities   $ 195,374  
Fixed income Mutual Funds     2,194,147  
    $ 2,389,521  

  
Schedule of Unrealized Losses on Investments

Short-term investments included the following securities with gross unrealized losses included in other comprehensive loss:

 

    Amortized     Unrealized        
December 31, 2016   Cost     Losses     Fair Value    
U. S. government securities   $ 195,570     $ (196 )   $ 195,374  
Fixed income Mutual funds     2,224,197       (30,050 )     2,194,147  
Total   $ 2,419,767     $ (30,246 )   $ 2,389,521  

  
Schedule of US Government Securities by Maturity

The following table classifies the US Government Securities by maturity

 

    As of
December 31, 2016
Within one year   $ 94,967
Within one to five years     100,407
    $ 195,374

  
Schedule of Accounts Receivable

Accounts receivable, net, is as follows:

 

    As of: December 31  
    2016     2015  
Accounts receivable, gross   $ 1,859,474     $ 405,096  
Allowance for doubtful accounts     (232,416 )     (42,000 )
Accounts receivable, net   $ 1,627,058     $ 363,096  

  
Schedule of Inventory

The following table summarizes inventories as of the dates presented:

 

    As of December 31  
    2016     2015  
Finished goods   $ 905,642     $ 565,624  
Raw materials and supplies     282,299       146,934  
Total inventories   $ 1,187,941     $ 712,558  

  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted earnings per share excludes outstanding options, warrants and other diluted instruments in periods where the exercise of such options would be antidilutive. As provided below:

 

    For the Year Ended December 31,  
    2016     2015  
Options to purchase common stock     425,411       194,667  
Warrants to purchase common stock     470,570       1,285,111  
Shares issuable upon conversion of outstanding debt under Credit Agreement     -       272,893  
Total potentially dilutive securities     895,981       1,752,671  

  
Schedule of Fair Value of Financial Assets and Liabilities

The carrying value of financial instruments in the Company’s consolidated financial statements at December 31, 2016 and 2015 are as follows:

 

   

Quoted Prices in Active Markets

for Identical

Assets or Liabilities

(Level 1)

    

Quoted Prices for Similar Assets or Liabilities in

Active Markets

(Level 2)

    

Significant Unobservable

Inputs  

(Level 3)

  
 Short-term investments at December 31, 2016   $ 2,389,521     $ -     $ -  
                         
 Short-term investments at December 31, 2015   $ -     $ -     $ -