Note 4 - Asset Purchase Agreement (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||
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May 18, 2015 |
May 31, 2016 |
May 31, 2015 |
May 31, 2016 |
May 31, 2015 |
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Business Combinations [Abstract] | |||||
Asset Acquisition, Description | (a) tangible assets of Seller consisting of approximately 450 containers of that performance drink currently marketed under the name “sports leg and lung”; (b) all intangible assets of Seller, including goodwill, licenses, patents, trade secrets, trademarks, copyrights, marketing rights, etc., specifically relating to and including certain intellectual property described as: that certain website URL www.sportslegandlung.com, the product formula for that performance drink currently marketed under the name “sports leg and lung”, all proprietary data owned and collected by the Seller with respect to the Product, and all rights of any description related to two future product formulations (one for weight loss and one for anti-aging, both of which the Seller has agreed to develop to completion and timely deliver to the Purchaser at no further charge) | ||||
Purchase Price of Inventory and Intangibles | $ 250,000 | ||||
Asset Impairment Charges | $ 167,251 | $ 0 | $ 167,251 | $ 0 |
X | ||||||||||
- Definition The description of the assets acquired during the period in a all cash transaction. No definition available.
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X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- References No definition available.
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