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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 1,079,355 $ 1,383,533
Investments 277,310 276,429
Receivables, net 5,215,568 3,378,996
Contract assets 89,574 88,466
Inventories, net 4,184,019 5,427,302
Prepaid expenses and other current assets 379,875 582,048
Total Current Assets 11,225,701 11,136,774
Property and equipment, net 1,885,206 1,695,311
Operating lease right-of-use assets 2,854,196 3,192,604
Long-term deposits 82,197 85,691
Intangible assets, net 9,985,129 11,443,897
Goodwill 19,452,270 19,452,270
TOTAL ASSETS 45,484,699 47,006,547
Current Liabilities    
Accounts payable and accrued expenses 6,741,769 4,818,672
Contract liabilities 2,353,295 2,547,903
Customer deposits 3,059,658 3,465,259
Due to related parties 193,762 193,762
Current portion of operating lease liabilities 713,100 613,696
Current portion of finance lease liabilities 185,718 100,652
Current portion of notes payable, net 551,210 692,522
Current portion of related party note payable 362,779
Total Current Liabilities 14,161,291 12,432,466
Operating lease liabilities, net of current portion 2,237,797 2,607,862
Finance lease liabilities, net of current portion 784,148 455,905
Notes payable, net of current portion 144,830 251,401
Convertible notes payable, net 24,667,799 26,630,655
Related party note payable, net of current portion 1,001,183
Deferred tax liability, net 599,000 2,070,000
TOTAL LIABILITIES 42,594,865 45,449,472
Mezzanine Equity    
Series A senior convertible preferred shares 1,655,404
TOTAL MEZZANINE EQUITY 1,655,404
Shareholders’ Equity (Deficit)    
Series A senior convertible preferred shares, no par value, 4,450,460 shares designated; 1,593,940 and 1,818,182 shares issued and outstanding as of December 31, 2022 and 2021, respectively 1,338,746
Series B senior convertible preferred shares, no par value, 583,334 shares designated; 464,899 and zero shares issued and outstanding as of December 31, 2022 and 2021, respectively 1,214,181
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of December 31, 2022 and 2021 1,000 1,000
Common shares, $0.001 par value, 500,000,000 shares authorized; 4,079,137 and 1,210,918 shares issued and outstanding as of December 31, 2022 and 2021, respectively 4,079 1,211
Distribution receivable (2,000,000) (2,000,000)
Additional paid-in capital 43,962,606 21,723,042
Accumulated deficit (41,919,277) (20,754,394)
TOTAL 1847 HOLDINGS SHAREHOLDERS’ EQUITY (DEFICIT) 2,601,335 (1,029,141)
NON-CONTROLLING INTERESTS 288,499 930,812
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) 2,889,834 (98,329)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY (DEFICIT) $ 45,484,699 $ 47,006,547