10-Q
Quarterly Report
1847 HOLDINGS LLC
EFSH
NYSEAMER
CIK: 1599407
File #: 001-41368
Balance Sheet
78 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 800,989 | 731,944 |
Receivables, net | 7,629,202 | 7,463,199 |
Contract assets | 66,003 | 80,398 |
Inventories, net | 6,730,114 | 7,601,444 |
Prepaid expenses and other current assets | 1,202,508 | 897,696 |
Prepaid Expenses and Other Current Assets | 1,202,508 | 897,696 |
Current assets of discontinued operations | — | 1,939,951 |
Total Current Assets | 16,428,816 | 18,714,632 |
Operating Segments - Retail and Eyewear | 6,359,140 | — |
Operating Segments - Construction | 7,407,355 | — |
Operating Segments - Automotive Supplies | 1,660,994 | — |
Operating Segments - Corporate Services | 1,001,327 | — |
Operating Segments | 16,428,816 | — |
Property and equipment, net | 1,349,771 | 1,810,144 |
Property, Plant and Equipment | 1,349,771 | 1,810,144 |
Operating lease right-of-use assets | 3,304,287 | 3,818,498 |
Long-term deposits | 153,735 | 153,735 |
Intangible assets, net | 4,133,449 | 4,974,348 |
Goodwill | 9,051,052 | 9,808,335 |
Operating Segments - Construction | 9,051,052 | — |
Operating Segments | 9,051,052 | — |
Non-current assets of discontinued operations | — | 88,505 |
TOTAL ASSETS | 34,421,110 | 39,368,197 |
Operating Segments - Retail and Eyewear | 8,127,133 | — |
Operating Segments - Construction | 23,518,369 | — |
Operating Segments - Automotive Supplies | 1,774,281 | — |
Operating Segments - Corporate Services | 1,001,327 | — |
Operating Segments | 34,421,110 | — |
Current Liabilities | ||
Accounts payable and accrued expenses | 15,423,374 | 12,194,676 |
Contract liabilities | 2,136,106 | 3,308,098 |
Related Party | 193,762 | 193,762 |
Current portion of operating lease liabilities | 1,096,428 | 1,038,978 |
Current portion of finance lease liabilities | 177,030 | 178,906 |
Current portion of notes payable, net | 8,880,042 | 2,545,953 |
Current portion of convertible notes payable, net | 3,198,231 | 3,614,142 |
Current portion of revolving line of credit, net | 3,691,558 | — |
Related Party | 578,290 | 578,290 |
Derivative liabilities | 2,882,435 | 1,389,203 |
Level 3 - Fair Value, Recurring | 2,882,435 | — |
Fair Value, Recurring | 2,882,435 | — |
Derivative Liabilities | 2,882,435 | 1,389,203 |
Warrant liabilities | 265,100 | — |
Level 3 - Fair Value, Recurring | 265,100 | — |
Fair Value, Recurring | 265,100 | — |
Warrant Liability | 265,100 | — |
Current liabilities of discontinued operations | — | 3,097,215 |
Total Current Liabilities | 38,522,356 | 28,139,223 |
Operating lease liabilities, net of current portion | 2,372,922 | 2,932,686 |
Finance lease liabilities, net of current portion | 515,490 | 605,242 |
Notes payable, net of current portion | 213,663 | 239,181 |
Convertible notes payable, net of current portion | 22,646,688 | 23,052,078 |
Revolving line of credit, net of current portion | — | 3,647,511 |
Deferred tax liability, net | 674,000 | 758,000 |
Non-current liabilities of discontinued operations | — | 34,965 |
TOTAL LIABILITIES | 64,945,119 | 59,408,886 |
Shareholders’ Deficit | ||
Series A | 38,177 | 190,377 |
Series B | — | 240,499 |
Series D | 214,000 | — |
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | 1,000 | 1,000 |
Common shares, $0.001 par value, 500,000,000 shares authorized; 614,441 and 142,438 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 614 | 142 |
Distribution receivable | 2,000,000 | 2,000,000 |
Additional paid-in capital | 62,769,531 | 57,676,965 |
Accumulated deficit | (90,242,920) | (74,835,392) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ DEFICIT | (29,219,598) | (18,726,409) |
NON-CONTROLLING INTERESTS | (1,304,411) | (1,314,280) |
TOTAL SHAREHOLDERS’ DEFICIT | (30,524,009) | (20,040,689) |
Series A - Preferred Stock | 38,177 | 190,377 |
Series B - Preferred Stock | — | 240,499 |
Series D - Preferred Stock | 214,000 | — |
Common shares | 614 | 142 |
Distribution Receivable | (2,000,000) | (2,000,000) |
Additional Paid-In Capital | 62,769,531 | 57,676,965 |
Accumulated Deficit | (90,242,920) | (74,835,392) |
Non- Controlling Interests | (1,304,411) | (1,314,280) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 34,421,110 | 39,368,197 |