10-Q/A Filing

1847 HOLDINGS LLC CIK: 1599407 Q1 2017

Filing Information

Form Type	10-Q/A
Accession Number	`0001477932-17-002533`
Period End Date	20170331
Filing Date	20170524
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	efsh-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 46

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$200.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$367.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$277.83K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$315.57K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Allocation shares, issued	`AllocationSharesIssued`	1,000.00	shares	Point-in-time
Allocation shares, issued	`AllocationSharesIssued`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Allocation shares, outstanding	`AllocationSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$882.92K	USD	Point-in-time
Allocation shares, outstanding	`AllocationSharesOutstanding`	1,000.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$207.89K	USD	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$369.00	USD	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	77.89M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	1.04M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$369.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.68M	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	77.89M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	77.89M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	77.89M	shares	Point-in-time
Fixed Assets, net of accumulated depreciation of $200,000 as of March 31, 2017	`PropertyPlantAndEquipmentNet`	$6.79M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	1.04M	shares	Point-in-time
Fixed Assets, net of accumulated depreciation of $200,000 as of March 31, 2017	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Other assets	`OtherAssets`	$85.69K	USD	Point-in-time
Other assets	`OtherAssets`	-	USD	Point-in-time
Financing costs, net of accumulated amortization	`DeferredCostsCurrentAndNoncurrent`	$202.20K	USD	Point-in-time
Financing costs, net of accumulated amortization	`DeferredCostsCurrentAndNoncurrent`	-	USD	Point-in-time
Investments	`Investments`	$6.00	USD	Point-in-time
Investments	`Investments`	$6.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.76M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$375.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$561.38K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$978.85K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$110.27K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$108.88K	USD	Point-in-time
Promissory Note	`PromissoryNote`	$1.02M	USD	Point-in-time
Promissory Note	`PromissoryNote`	-	USD	Point-in-time
Short term note - promissory	`ShortTermBorrowings`	$625.00K	USD	Point-in-time
Short term note - promissory	`ShortTermBorrowings`	-	USD	Point-in-time
Capital lease - current	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Capital lease - current	`CapitalLeaseObligationsCurrent`	$595.35K	USD	Point-in-time
Other liabilities	`OtherLiabilities`	-	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$26.11K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$670.26K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Note payable - Long term	`LongTermNotesPayable`	$1.25M	USD	Point-in-time
Note payable - Long term	`LongTermNotesPayable`	-	USD	Point-in-time
Capital lease - long term	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease - long term	`CapitalLeaseObligationsNoncurrent`	$2.64M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.26M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$670.26K	USD	Point-in-time
Allocation shares, 1,000 shares issued and outstanding	`AllocationSharesIssuedAndOutstandingValue`	$1.00K	USD	Point-in-time
Allocation shares, 1,000 shares issued and outstanding	`AllocationSharesIssuedAndOutstandingValue`	$1.00K	USD	Point-in-time
Common Shares, 500,000,000 shares authorized, 77,887,500 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`CommonStockValue`	$7.00	USD	Point-in-time
Common Shares, 500,000,000 shares authorized, 77,887,500 shares issued and outstanding as of March 31, 2017 and December 31, 2016	`CommonStockValue`	$7.00	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$15.00K	USD	Point-in-time
Additional Paid In Capital	`AdditionalPaidInCapital`	$15.00K	USD	Point-in-time
Accumulated (Deficit)	`RetainedEarningsAccumulatedDeficit`	$1.56M	USD	Point-in-time
Accumulated (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-685.89K	USD	Point-in-time
TOTAL SHAREHOLDERS' (DEFICIT)	`StockholdersEquity`	$1.58M	USD	Point-in-time
TOTAL SHAREHOLDERS' (DEFICIT)	`StockholdersEquity`	$-669.88K	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	-	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$-74.01K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-669.88K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$375.00	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$8.76M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	$661.86K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$519.33K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$142.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$343.49K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$39.34K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$39.34K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$343.49K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-200.95K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-39.34K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	$4.04K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$55.16K	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	$2.44M	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	-	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$2.38M	USD	1 Quarter
NET GAIN (LOSS) FROM OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.34K	USD	1 Quarter
NET GAIN (LOSS) FROM OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.18M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS) BEFORE TAXES	`NetIncomeLoss`	$2.18M	USD	1 Quarter
NET INCOME (LOSS) BEFORE TAXES	`NetIncomeLoss`	$-39.34K	USD	1 Quarter
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	-	USD	1 Quarter
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-74.01K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-39.34K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$2.25M	USD	1 Quarter
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	77.89M	shares	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	77.89M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-39.34K	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	$2.44M	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	1 Quarter
Depreciation expense	`Depreciation`	$200.00K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$4.04K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-158.30K	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	-	USD	1 Quarter
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$362.64K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-207.85K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$242.42K	USD	1 Quarter
Increase in other liabilitites	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.82K	USD	1 Quarter
Increase in other liabilitites	`IncreaseDecreaseInOtherOperatingLiabilities`	$43.80K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.45K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$180.99K	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$338.41K	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$89.01K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$249.40K	USD	1 Quarter
Financings costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Financings costs	`PaymentsOfFinancingCosts`	$153.95K	USD	1 Quarter
Loans from (repayments to) related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-4.50K	USD	1 Quarter
Loans from (repayments to) related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.39K	USD	1 Quarter
Net cash (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-152.56K	USD	1 Quarter
Net cash (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.50K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$277.83K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.00	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$367.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$277.83K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$367.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$277.83K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.