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

Sale of Assets and Membership Interests (Details Narrative)

v3.20.1

Sale of Assets and Membership Interests (Details Narrative)			1 Months Ended
	Dec. 31, 2019 USD ($)	Nov. 06, 2019 USD ($)	Dec. 31, 2019 USD ($)	Oct. 31, 2019 USD ($)	Dec. 31, 2019 ZAR (R)	Oct. 31, 2019 ZAR (R)
JF Restaurants, LLC [Member]
Equity method investment, ownership percentage		100.00%
Purchase price for sale of membership percentage		$ 500,000
Management fee percentage		5.00%
Promissory note outstanding	$ 149,000		$ 149,000
JF Restaurants, LLC [Member] \| Promissory Note Payble [Member]
Purchase price for sale of membership percentage	375,000
Due at Closing [Member] \| JF Restaurants, LLC [Member]
Purchase price for sale of membership percentage		$ 125,000
Sale of Business Agreement [Member] \| One Hooter Location [Member] \| South Africa [Member]
Sale of business agreement, description				In October 2019, the Company entered into a sale of business agreement for three of its South Africa Hooters locations. The total purchase price was R5,700,000 (approximately $385,000). The net proceeds received by the Company was approximately $220,000. In December 2019, the Company entered into a sale of business agreement for its two remaining South Africa Hooters locations.
Net proceeds received				$ 220,000
Sale of Business Agreement [Member] \| Three Hooters Locations [Member] \| South Africa [Member]
Purchase price for hooters location				$ 385,000
Sale of Business Agreement [Member] \| Three Hooters Locations [Member] \| South Africa [Member] \| South Africa, Rand [Member]
Purchase price for hooters location \| R						R 5,700,000
Business Agreement [Member] \| South Africa [Member]
Purchase price for hooters location	$ 265,000		265,000
Net proceeds received			$ 130,000
Business Agreement [Member] \| South Africa [Member] \| South Africa, Rand [Member]
Purchase price for hooters location \| R					R 3,900,000

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A description of the assets to be disposed of and the facts and circumstances leading to the expected disposal, and the expected manner and timing of the disposal (generally no more than 12 months from the date of the balance sheet).

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Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.

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The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent).

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