10-K
Annual Report
1847 HOLDINGS LLC
EFSH
NYSEAMER
CIK: 1599407
File #: 001-41368
Balance Sheet
80 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 2,502,450 | 673,445 |
Restricted cash | 1,358,968 | — |
Accounts receivable, net | 5,833,370 | 1,697,635 |
Contract assets | 1,892,532 | 80,398 |
Inventories, net | 474,653 | 1,395,026 |
Prepaid expenses and other current assets | 568,520 | 771,364 |
Current assets of discontinued operations | — | 14,096,764 |
Asien’s Assignment for the Benefit of Creditors | — | 1,939,951 |
ICU Eyewear Foreclosure Sale | — | 6,734,826 |
Sale of High Mountain | — | 5,421,987 |
Total Current Assets | 12,630,493 | 18,714,632 |
Automotive Supplies | 1,063,586 | — |
Constructions | 10,017,395 | — |
Corporate Services | 1,549,512 | — |
Property and equipment, net | 1,116,006 | 1,062,327 |
Property, Plant and Equipment | 1,116,006 | 1,062,327 |
Operating lease right-of-use assets | 2,017,482 | 907,748 |
Long-term deposits | 49,535 | 49,535 |
Intangible assets, net | 12,524,346 | 2,205,323 |
Goodwill | 5,309,876 | 679,175 |
Initial Allocation | 5,309,876 | — |
Constructions | 5,309,876 | — |
Non-current assets of discontinued operations | — | 15,749,457 |
TOTAL ASSETS | 33,647,738 | 39,368,197 |
Automotive Supplies | 1,132,626 | — |
Constructions | 30,965,600 | — |
Corporate Services | 1,549,512 | — |
Current Liabilities | ||
Accounts payable and accrued expenses | 6,159,950 | 3,971,797 |
Contract liabilities | 1,199,587 | 2,288,868 |
Related Party Note Payable | — | 193,762 |
Current portion of operating lease liabilities | 598,534 | 435,280 |
Current portion of finance lease liabilities | 182,043 | 172,152 |
Current portion of notes payable, net | 7,785,911 | 2,481,783 |
Current portion of convertible notes payable, net | 22,089,149 | 2,418,275 |
Related Party Note Payable | 578,290 | 578,290 |
Derivative liabilities | 185,000 | 1,389,203 |
Level 3 | 185,000 | 1,389,203 |
Warrant liabilities | 85,779,788 | — |
Level 3 | 85,779,788 | — |
Current liabilities of discontinued operations | — | 14,209,813 |
Asien’s Assignment for the Benefit of Creditors | — | 3,097,215 |
ICU Eyewear Foreclosure Sale | — | 5,854,996 |
Sale of High Mountain | — | 5,257,602 |
Total Current Liabilities | 124,558,252 | 28,139,223 |
Operating lease liabilities, net of current portion | 1,473,795 | 523,768 |
Finance lease liabilities, net of current portion | 423,198 | 605,242 |
Notes payable, net of current portion | 8,530 | 24,245 |
Convertible notes payable, net of current portion | — | 23,052,078 |
Deferred tax liabilities, net | 3,650,000 | 409,000 |
Non-current liabilities of discontinued operations | — | 6,655,330 |
Asien’s Assignment for the Benefit of Creditors | — | 3,132,180 |
ICU Eyewear Foreclosure Sale | — | 10,976,691 |
Sale of High Mountain | — | 6,756,272 |
TOTAL LIABILITIES | 130,113,775 | 59,408,886 |
Shareholders’ Deficit | ||
Series A | 39,877 | 190,377 |
Series B | — | 240,499 |
Series C | 403,470 | — |
Series D | 600,100 | — |
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of December 31, 2024 and 2023 | 1,000 | 1,000 |
Common shares, $0.001 par value, 500,000,000 shares authorized; 25,400,386 and 142,278 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 25,400 | 142 |
Distribution receivable | — | 2,000,000 |
Additional paid-in capital | 79,403,793 | 57,676,965 |
Accumulated deficit | (175,096,154) | (74,835,392) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ DEFICIT | (94,622,514) | (18,726,409) |
NON-CONTROLLING INTERESTS | (1,843,523) | (1,314,280) |
TOTAL SHAREHOLDERS’ DEFICIT | (96,466,037) | (20,040,689) |
Series A - Preferred Stock | 39,877 | 190,377 |
Series B - Preferred Stock | — | 240,499 |
Series C - Preferred Stock | 403,470 | — |
Series D - Preferred Stock | 600,100 | — |
Allocation Shares | 1,000 | 1,000 |
Common Stock | 25,400 | 142 |
Distribution Receivable | — | (2,000,000) |
Additional Paid-In Capital | 79,403,793 | 57,676,965 |
Accumulated Deficit | (175,096,154) | (74,835,392) |
Non- Controlling Interests | (1,843,523) | (1,314,280) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 33,647,738 | 39,368,197 |