XML 27 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenues $ 68,681,818 $ 48,929,124
Operating Expenses    
Cost of revenues 45,139,169 33,227,730
Personnel 13,593,090 9,531,101
Depreciation and amortization 2,240,680 2,037,112
General and administrative 12,995,974 9,872,689
Impairment of goodwill and intangible assets 14,648,048
Total Operating Expenses 88,616,961 54,668,632
LOSS FROM OPERATIONS (19,935,143) (5,739,508)
Other Income (Expense)    
Other expense (213,391) (11,450)
Interest expense (11,442,802) (4,594,740)
Gain on disposal of property and equipment 18,026 65,417
Loss on extinguishment of debt (2,039,815)
Loss on change in fair value of warrant liability (27,900)
Gain on change in fair value of derivative liabilities 385,138
Loss on write-down of related party note payable (158,817)
Total Other Expense (11,280,929) (6,739,405)
NET LOSS BEFORE INCOME TAXES (31,216,072) (12,478,913)
INCOME TAX BENEFIT (EXPENSE) (391,855) 1,677,000
NET LOSS (31,607,927) (10,801,913)
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 1,602,779 642,313
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS (30,005,148) (10,159,600)
PREFERRED SHARE DIVIDENDS (512,967) (899,199)
DEEMED DIVIDENDS (2,398,000) (9,012,730)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (32,916,115) $ (20,071,529)
LOSS PER COMMON SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS - BASIC (in Dollars per share) $ (90.1) $ (836.28)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 365,330 24,001