10-K
Annual Report
1847 HOLDINGS LLC
EFSH
NYSEAMER
CIK: 1599407
File #: 001-41368
Balance Sheet
76 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Unlabeled Abstract | ||
Current Assets | ||
Cash and cash equivalents | 766,414 | 1,079,355 |
Investments | 278,521 | 277,310 |
Receivables, net | 7,551,969 | 5,215,568 |
Contract assets | 80,398 | 89,574 |
Inventories, net | 8,999,532 | 4,184,019 |
Prepaid expenses and other current assets | 1,037,798 | 379,875 |
Total Current Assets | 18,714,632 | 11,225,701 |
Operating Segments - Retail & Appliances | 1,939,951 | 2,857,505 |
Operating Segments - Retail and Eyewear | 6,734,826 | — |
Operating Segments - Constructions | 7,580,585 | 5,355,827 |
Operating Segments - Automotive Supplies | 1,944,601 | 2,295,424 |
Operating Segments - Corporate Services | 514,669 | 716,945 |
Property and equipment, net | 1,898,649 | 1,885,206 |
Property, Plant and Equipment | 1,898,649 | 1,885,206 |
Operating lease right-of-use assets | 3,818,498 | 2,854,196 |
Long-term deposits | 153,735 | 82,197 |
Intangible assets, net | 4,974,348 | 9,985,129 |
Goodwill | 9,808,335 | 19,452,270 |
Adjustments | 757,283 | — |
Updated Allocation | 757,283 | — |
Operating Segments - Retail & Appliances | — | 942,575 |
Operating Segments - Retail and Eyewear | 757,283 | — |
Operating Segments - Constructions | 9,051,052 | 16,772,042 |
Operating Segments - Automotive Supplies | — | 1,737,653 |
TOTAL ASSETS | 39,368,197 | 45,484,699 |
Operating Segments - Retail & Appliances | 2,028,456 | 4,581,601 |
Operating Segments - Retail and Eyewear | 10,072,144 | — |
Operating Segments - Constructions | 24,652,106 | 34,430,083 |
Operating Segments - Automotive Supplies | 2,100,822 | 5,756,070 |
Operating Segments - Corporate Services | 514,669 | 716,945 |
Current Liabilities | ||
Accounts payable and accrued expenses | 13,118,621 | 6,741,769 |
Contract liabilities | 5,451,591 | 5,412,953 |
Related Party Note Payable | 193,762 | 193,762 |
Current portion of operating lease liabilities | 1,038,978 | 713,100 |
Current portion of finance lease liabilities | 178,906 | 185,718 |
Current portion of notes payable, net | 2,575,730 | 551,210 |
Notes Payable | 2,575,730 | 551,210 |
Current portion of convertible notes payable, net | 3,614,142 | — |
Related Party Note Payable | 578,290 | 362,779 |
Related Party Note Payable | 578,290 | 362,779 |
Derivative liabilities | 1,389,203 | — |
Level 3 | 1,389,203 | — |
Derivative Liabilities | 1,389,203 | — |
Total Current Liabilities | 28,139,223 | 14,161,291 |
Operating lease liabilities, net of current portion | 2,932,686 | 2,237,797 |
Finance lease liabilities, net of current portion | 605,242 | 784,148 |
Notes payable, net of current portion | 274,146 | 144,830 |
Convertible notes payable, net of current portion | 23,052,078 | 24,667,799 |
Revolving line of credit, net | 3,647,511 | — |
Deferred tax liability, net | 758,000 | 599,000 |
TOTAL LIABILITIES | 59,408,886 | 42,594,865 |
Shareholders’ Equity (Deficit) | ||
Series A | 190,377 | 1,338,746 |
Series B | 240,499 | 1,214,181 |
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of December 31, 2023 and 2022 | 1,000 | 1,000 |
Common shares, $0.001 par value, 500,000,000 shares authorized; 915,581 and 56,789 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 916 | 57 |
Common Stock | 776 | — |
Private Placements of Promissory Notes | 723 | — |
Distribution receivable | 2,000,000 | 2,000,000 |
Manager’s Profit Allocation | 2,000,000 | — |
Additional paid-in capital | 57,676,191 | 43,966,628 |
Accumulated deficit | (74,835,392) | (41,919,277) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ EQUITY (DEFICIT) | (18,726,409) | 2,601,335 |
NON-CONTROLLING INTERESTS | (1,314,280) | 288,499 |
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) | (20,040,689) | 2,889,834 |
Series A - Preferred Stock | 190,377 | 1,338,746 |
Series B - Preferred Stock | 240,499 | 1,214,181 |
Common Stock | 916 | 57 |
Distribution Receivable | (2,000,000) | (2,000,000) |
Additional Paid-In Capital | 57,676,191 | 43,966,628 |
Accumulated Deficit | (74,835,392) | (41,919,277) |
Non- Controlling Interests | (1,314,280) | 288,499 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) | 39,368,197 | 45,484,699 |