10-Q
Quarterly Report
1847 HOLDINGS LLC
EFSH
NYSEAMER
CIK: 1599407
File #: 001-41368
Balance Sheet
69 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 1,108,477 | 2,457,086 |
Restricted cash | 1,358,968 | 1,358,968 |
Accounts receivable, net | 5,149,547 | 5,361,405 |
Contract assets | 2,392,170 | 1,892,532 |
Inventories, net | 11,830 | 18,530 |
Prepaid expenses and other current assets | 451,885 | 478,386 |
Assets held for sale | 1,263,806 | 1,063,586 |
Wolo | 1,263,806 | 1,132,626 |
Total Current Assets | 11,736,683 | 12,630,493 |
Operating segment - Construction | 9,015,138 | — |
Operating segment - Corporate Services | 1,457,739 | — |
Operating segment | 10,472,877 | — |
Property and equipment, net | 1,015,395 | 1,115,208 |
Property, Plant and Equipment | 1,015,395 | 1,115,208 |
Operating lease right-of-use assets | 1,920,569 | 1,964,276 |
Long-term deposits | 40,099 | 34,499 |
Intangible assets, net | 12,282,563 | 12,524,346 |
Goodwill | 5,309,876 | 5,309,876 |
Operating segment - Construction | 5,309,876 | — |
Operating segment | 5,309,876 | — |
Non-current assets held for sale | — | 69,040 |
TOTAL ASSETS | 32,305,185 | 33,647,738 |
Operating segment - Construction | 29,583,640 | — |
Operating segment - Corporate Services | 1,457,739 | — |
Operating segment | 31,041,379 | — |
Current Liabilities | ||
Accounts payable and accrued expenses | 8,532,741 | 5,853,307 |
Contract liabilities | 1,078,959 | 1,199,587 |
Current portion of operating lease liabilities | 529,420 | 543,809 |
Current portion of finance lease liabilities | 184,605 | 182,043 |
Current portion of notes payable, net | 7,185,266 | 7,785,911 |
Current portion of convertible notes payable, net | 22,152,424 | 22,089,149 |
Related Party | 578,290 | 578,290 |
Derivative liabilities | 220,000 | 185,000 |
Level 3 | 220,000 | — |
Derivative Liabilities | 220,000 | 185,000 |
Warrant liabilities | 81,913,890 | 85,779,788 |
Level 3 | 81,913,890 | — |
Warrant Liabilities | 81,913,890 | 85,779,788 |
Liabilities held for sale | 386,297 | 361,368 |
Total Current Liabilities | 122,761,892 | 124,558,252 |
Operating lease liabilities, net of current portion | 1,444,605 | 1,473,795 |
Finance lease liabilities, net of current portion | 376,074 | 423,198 |
Notes payable, net of current portion | 1,408 | 8,530 |
Deferred tax liabilities, net | 3,282,000 | 3,650,000 |
TOTAL LIABILITIES | 127,865,979 | 130,113,775 |
Shareholders’ Deficit | ||
Series A | 39,877 | 39,877 |
Series C | 403,470 | 403,470 |
Series D | 600,100 | 600,100 |
Series F | 1,138,332 | — |
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 1,000 | 1,000 |
Common shares, $0.001 par value, 500,000,000 shares authorized; 26,539,774 and 25,400,386 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 26,540 | 25,400 |
Additional paid-in capital | 79,659,243 | 79,403,793 |
Accumulated deficit | (175,572,981) | (175,096,154) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ DEFICIT | (93,704,419) | (94,622,514) |
NON-CONTROLLING INTERESTS | (1,856,375) | (1,843,523) |
TOTAL SHAREHOLDERS’ DEFICIT | (95,560,794) | (96,466,037) |
Series A - Senior Convertible Preferred Shares | 39,877 | 39,877 |
Series C - Senior Convertible Preferred Shares | 403,470 | 403,470 |
Series D - Senior Convertible Preferred Shares | 600,100 | 600,100 |
Series F - Senior Convertible Preferred Shares | 1,138,332 | — |
Allocation Shares | 1,000 | 1,000 |
Common Stock | 26,540 | 25,400 |
Additional Paid-In Capital | 79,659,243 | 79,403,793 |
Accumulated Deficit | (175,572,981) | (175,096,154) |
Non- Controlling Interests | (1,856,375) | (1,843,523) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 32,305,185 | 33,647,738 |