10-Q
Quarterly Report
1847 HOLDINGS LLC
EFSH
NYSEAMER
CIK: 1599407
File #: 001-41368
Balance Sheet
62 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 577,608 | 731,944 |
Receivables, net | 6,128,310 | 7,463,199 |
Contract assets | 62,646 | 80,398 |
Inventories, net | 7,675,213 | 7,601,444 |
Prepaid expenses and other current assets | 1,551,471 | 897,696 |
Prepaid Expenses and Other Current Assets | 1,551,471 | 897,696 |
Current assets of discontinued operations | — | 1,939,951 |
Total Current Assets | 15,995,248 | 18,714,632 |
Property and equipment, net | 1,576,290 | 1,810,144 |
Property, Plant and Equipment | 1,576,290 | 1,810,144 |
Operating lease right-of-use assets | 3,563,493 | 3,818,498 |
Long-term deposits | 153,735 | 153,735 |
Intangible assets, net | 4,783,740 | 4,974,348 |
Goodwill | 9,808,335 | 9,808,335 |
Operating Segments - Retail and Eyewear | 757,283 | — |
Operating Segments - Constructions | 9,051,052 | — |
Non-current assets of discontinued operations | — | 88,505 |
TOTAL ASSETS | 35,880,841 | 39,368,197 |
Current Liabilities | ||
Accounts payable and accrued expenses | 13,020,669 | 12,194,676 |
Contract liabilities | 2,735,171 | 3,308,098 |
Related Party | 193,762 | 193,762 |
Current portion of operating lease liabilities | 1,067,395 | 1,038,978 |
Current portion of finance lease liabilities | 176,312 | 178,906 |
Current portion of notes payable, net | 5,559,851 | 2,545,953 |
Current portion of convertible notes payable, net | 3,267,183 | 3,614,142 |
Related Party | 578,290 | 578,290 |
Derivative liabilities | 1,146,145 | 1,389,203 |
Level 3 | 1,146,145 | — |
Derivative Liabilities | 1,146,145 | 1,389,203 |
Warrant liabilities | 5,392,700 | — |
Level 3 | 5,392,700 | — |
Current liabilities of discontinued operations | — | 3,097,215 |
Total Current Liabilities | 33,137,478 | 28,139,223 |
Operating lease liabilities, net of current portion | 2,655,317 | 2,932,686 |
Finance lease liabilities, net of current portion | 560,681 | 605,242 |
Notes payable, net of current portion | 217,045 | 239,181 |
Convertible notes payable, net of current portion | 23,209,118 | 23,052,078 |
Revolving line of credit, net | 3,642,460 | 3,647,511 |
Deferred tax liability, net | 731,000 | 758,000 |
Non-current liabilities of discontinued operations | — | 34,965 |
TOTAL LIABILITIES | 64,153,099 | 59,408,886 |
Shareholders’ Deficit | ||
Series A | 38,177 | 190,377 |
Series B | 30,235 | 240,499 |
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 | 1,000 | 1,000 |
Common shares, $0.001 par value, 500,000,000 shares authorized; 4,494,166 and 915,581 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 4,495 | 916 |
Distribution receivable | 2,000,000 | 2,000,000 |
Additional paid-in capital | 60,286,036 | 57,676,191 |
Accumulated deficit | (85,359,373) | (74,835,392) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ DEFICIT | (26,999,430) | (18,726,409) |
NON-CONTROLLING INTERESTS | (1,272,828) | (1,314,280) |
TOTAL SHAREHOLDERS’ DEFICIT | (28,272,258) | (20,040,689) |
Series A - Preferred Stock | 38,177 | 190,377 |
Series B - Preferred Stock | 30,235 | 240,499 |
Common Stock | 4,495 | 916 |
Distribution Receivable | (2,000,000) | (2,000,000) |
Additional Paid-In Capital | 60,286,036 | 57,676,191 |
Accumulated Deficit | (85,359,373) | (74,835,392) |
Non- Controlling Interests | (1,272,828) | (1,314,280) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 35,880,841 | 39,368,197 |