10-Q
Quarterly Report
1847 HOLDINGS LLC
EFSH
NONE
CIK: 1599407
File #: 001-41368
Balance Sheet
71 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 1,033,578 | 2,457,086 |
Restricted cash | 500,929 | 1,358,968 |
Accounts receivable, net | 9,159,479 | 5,361,405 |
Contract assets | 2,582,743 | 1,892,532 |
Inventories, net | 11,830 | 18,530 |
Prepaid expenses and other current assets | 637,718 | 478,386 |
Assets held for sale | 901,347 | 1,063,586 |
Wolo | 901,347 | 1,132,626 |
Total Current Assets | 14,827,624 | 12,630,493 |
Operating segment - Construction | 13,183,309 | — |
Operating segment - Corporate Services | 742,968 | — |
Operating segment | 13,926,277 | — |
Property and equipment, net | 968,504 | 1,115,208 |
Property, Plant and Equipment | 968,504 | 1,115,208 |
Operating lease right-of-use assets | 1,659,413 | 1,964,276 |
Long-term deposits | 40,099 | 34,499 |
Intangible assets, net | 12,040,780 | 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 | 34,846,296 | 33,647,738 |
Operating segment - Construction | 33,201,981 | — |
Operating segment - Corporate Services | 742,968 | — |
Operating segment | 33,944,949 | — |
Current Liabilities | ||
Accounts payable and accrued expenses | 11,828,446 | 5,853,307 |
Contract liabilities | 1,032,727 | 1,199,587 |
Current portion of operating lease liabilities | 470,728 | 543,809 |
Current portion of finance lease liabilities | 187,201 | 182,043 |
Current portion of notes payable, net | 7,422,716 | 7,785,911 |
Related Party Note Payable | 616,883 | 578,290 |
Current portion of convertible notes payable, net | 22,467,583 | 22,089,149 |
Related Party | 616,883 | 578,290 |
Derivative liabilities | — | 185,000 |
Derivative Liabilities | — | 185,000 |
Warrant liabilities | 57,860,005 | 85,779,788 |
Level 3 | 57,860,005 | — |
Warrant Liabilities | 57,860,005 | 85,779,788 |
Liabilities held for sale | 284,497 | 361,368 |
Total Current Liabilities | 102,170,786 | 124,558,252 |
Operating lease liabilities, net of current portion | 1,354,930 | 1,473,795 |
Finance lease liabilities, net of current portion | 328,290 | 423,198 |
Notes payable, net of current portion | — | 8,530 |
Related Party Note Payable | 950,738 | — |
Related Party | 950,738 | — |
Deferred tax liabilities, net | 3,144,000 | 3,650,000 |
TOTAL LIABILITIES | 107,948,744 | 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 June 30, 2025 and December 31, 2024 | 1,000 | 1,000 |
Common shares, $0.001 par value, 2,000,000,000 shares authorized; 32,303,735 and 25,400,386 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively | 32,304 | 25,400 |
Additional paid-in capital | 79,653,479 | 79,403,793 |
Accumulated deficit | (153,043,564) | (175,096,154) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ DEFICIT | (71,175,002) | (94,622,514) |
NON-CONTROLLING INTERESTS | (1,927,446) | (1,843,523) |
TOTAL SHAREHOLDERS’ DEFICIT | (73,102,448) | (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 | 32,304 | 25,400 |
Additional Paid-In Capital | 79,653,479 | 79,403,793 |
Accumulated Deficit | (153,043,564) | (175,096,154) |
Non- Controlling Interests | (1,927,446) | (1,843,523) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 34,846,296 | 33,647,738 |