Sonnet BioTherapeutics, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Significant Accounting Policies (Details Narrative)

v3.20.1

Significant Accounting Policies (Details Narrative) - USD ($)		12 Months Ended
	Jan. 02, 2018	Dec. 31, 2019	Dec. 31, 2018	Jan. 02, 2019
Increase in deferred revenue		$ (215,061)	$ (22,130)
Franchise income			83,000
Allowance for doubtful accounts
Lease extend term		Options to extend the leases for additional 5-year periods
Franchise agreement term		20 years
Accrued interest penalties
Advertising expenses		500,000	400,000
Amortization of debt discount		0	1,200,000
Uninsured cash balance		25,000
Operating lease liabilities		17,681,663
Operating lease right-of-use assets		$ 11,668,026		$ 19,823,202
Trademarks [Member]
Intangible assets estimated useful lives		10 years
Minimum [Member]
Lease term		1 year
Maximum [Member]
Lease term		20 years
Lease renewal term		20 years
Cash insured amount		$ 250,000
ASU 2014-09 [Member]
Decrease in stockholders equity	$ 1,042,000
Increase in deferred revenue	$ 1,042,000
Adoption of Leases Topic 842 [Member]
Operating lease liabilities				22,100,000
Operating lease right-of-use assets				$ 19,800,000

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