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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 766,414 $ 1,079,355
Investments 278,521 277,310
Receivables, net 7,551,969 5,215,568
Contract assets 80,398 89,574
Inventories, net 8,999,532 4,184,019
Prepaid expenses and other current assets 1,037,798 379,875
Total Current Assets 18,714,632 11,225,701
Property and equipment, net 1,898,649 1,885,206
Operating lease right-of-use assets 3,818,498 2,854,196
Long-term deposits 153,735 82,197
Intangible assets, net 4,974,348 9,985,129
Goodwill 9,808,335 19,452,270
TOTAL ASSETS 39,368,197 45,484,699
Current Liabilities    
Accounts payable and accrued expenses 13,118,621 6,741,769
Contract liabilities 5,451,591 5,412,953
Current portion of operating lease liabilities 1,038,978 713,100
Current portion of finance lease liabilities 178,906 185,718
Current portion of notes payable, net 2,575,730 551,210
Current portion of convertible notes payable, net 3,614,142
Derivative liabilities 1,389,203
Total Current Liabilities 28,139,223 14,161,291
Operating lease liabilities, net of current portion 2,932,686 2,237,797
Finance lease liabilities, net of current portion 605,242 784,148
Notes payable, net of current portion 274,146 144,830
Convertible notes payable, net of current portion 23,052,078 24,667,799
Revolving line of credit, net 3,647,511
Deferred tax liability, net 758,000 599,000
TOTAL LIABILITIES 59,408,886 42,594,865
Shareholders’ Equity (Deficit)    
Allocation shares, 1,000 shares authorized; 1,000 shares issued and outstanding as of December 31, 2023 and 2022 1,000 1,000
Common shares, $0.001 par value, 500,000,000 shares authorized; 915,581 and 56,789 shares issued and outstanding as of December 31, 2023 and 2022, respectively 916 57
Distribution receivable (2,000,000) (2,000,000)
Additional paid-in capital 57,676,191 43,966,628
Accumulated deficit (74,835,392) (41,919,277)
TOTAL 1847 HOLDINGS SHAREHOLDERS’ EQUITY (DEFICIT) (18,726,409) 2,601,335
NON-CONTROLLING INTERESTS (1,314,280) 288,499
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) (20,040,689) 2,889,834
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) 39,368,197 45,484,699
Series A Senior Convertible Preferred Shares    
Shareholders’ Equity (Deficit)    
Senior convertible preferred shares, value 190,377 1,338,746
Series B Senior Convertible Preferred Shares    
Shareholders’ Equity (Deficit)    
Senior convertible preferred shares, value 240,499 1,214,181
Related Party    
Current Liabilities    
Due to related parties 193,762 193,762
Related party note payable $ 578,290 $ 362,779