10-Q
Quarterly Report
1847 HOLDINGS LLC
CIK: 1599407
File #: 001-41368
Balance Sheet
73 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 2,189,759 | 2,457,086 |
Restricted cash | 500,929 | 1,358,968 |
Accounts receivable, net | 7,010,396 | 5,361,405 |
Contract assets | 4,838,657 | 1,892,532 |
Inventories, net | 17,606 | 18,530 |
Prepaid expenses and other current assets | 595,452 | 478,386 |
Assets held for sale | 840,305 | 1,063,586 |
Wolo | 840,305 | 1,132,626 |
Total Current Assets | 15,993,104 | 12,630,493 |
Operating segment - Construction | 14,493,362 | — |
Operating segment - Corporate Services | 659,437 | — |
Operating segment | 15,152,799 | — |
Property and equipment, net | 866,978 | 1,115,208 |
Property, Plant and Equipment | 866,978 | 1,115,208 |
Operating lease right-of-use assets | 1,902,771 | 1,964,276 |
Long-term deposits | 40,099 | 34,499 |
Intangible assets, net | 11,798,997 | 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 | 35,911,825 | 33,647,738 |
Operating segment - Construction | 34,412,083 | — |
Operating segment - Corporate Services | 659,437 | — |
Operating segment | 35,071,520 | — |
Current Liabilities | ||
Accounts payable and accrued expenses | 13,098,911 | 5,853,307 |
Contract liabilities | 476,163 | 1,199,587 |
Current portion of operating lease liabilities | 466,634 | 543,809 |
Current portion of finance lease liabilities | 189,835 | 182,043 |
Current portion of notes payable, net | 6,908,536 | 7,785,911 |
Related Party Note Payable | 629,303 | 578,290 |
Current portion of convertible notes payable, net | 22,575,202 | 22,089,149 |
Related Party | 629,303 | 578,290 |
Derivative liabilities | — | 185,000 |
Fair Value, Recurring - Derivative Liabilities | — | 185,000 |
Warrant liabilities | 25,726,348 | 85,779,788 |
Level 3 - Fair Value, Recurring | 25,726,348 | — |
Fair Value, Recurring | 25,726,348 | — |
Fair Value, Recurring - Warrant Liabilities | 25,726,348 | 85,779,788 |
Liabilities held for sale | 313,323 | 361,368 |
Total Current Liabilities | 70,384,255 | 124,558,252 |
Operating lease liabilities, net of current portion | 1,554,966 | 1,473,795 |
Finance lease liabilities, net of current portion | 279,832 | 423,198 |
Notes payable, net of current portion | — | 8,530 |
Related Party Note Payable | 788,677 | — |
Related Party | 788,677 | — |
Twenty Percentage OID Promissory Notes | 3,576,898 | — |
Deferred tax liabilities, net | 3,703,000 | 3,650,000 |
TOTAL LIABILITIES | 76,710,730 | 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 September 30, 2025 and December 31, 2024 | 1,000 | 1,000 |
Common shares, $0.001 par value, 2,000,000,000 shares authorized; 38,209,514 and 25,400,386 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 38,210 | 25,400 |
Additional paid-in capital | 79,782,573 | 79,403,793 |
Accumulated deficit | (120,838,804) | (175,096,154) |
TOTAL 1847 HOLDINGS SHAREHOLDERS’ DEFICIT | (38,835,242) | (94,622,514) |
NON-CONTROLLING INTERESTS | (1,963,663) | (1,843,523) |
TOTAL SHAREHOLDERS’ DEFICIT | (40,798,905) | (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 | 38,210 | 25,400 |
Additional Paid-In Capital | 79,782,573 | 79,403,793 |
Accumulated Deficit | (120,838,804) | (175,096,154) |
Non- Controlling Interests | (1,963,663) | (1,843,523) |
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 35,911,825 | 33,647,738 |