10-Q Filing

1847 HOLDINGS LLC CIK: 1599407 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001477932-17-004127`
Period End Date	20170630
Filing Date	20170821
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	efsh-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 68 Cash Flow Statement 54

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$450.00K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$85.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$169.24K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$300.32K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$562.10K	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$218.63K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$369.00	USD	Point-in-time
Allocation shares, outstanding	`AllocationSharesOutstanding`	1,000.00	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$369.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.25M	USD	Point-in-time
Fixed Assets, net of accumulated depreciation of $450,000 as of June 30, 2017	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	77.89M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	1.04M	shares	Point-in-time
Fixed Assets, net of accumulated depreciation of $450,000 as of June 30, 2017	`PropertyPlantAndEquipmentNet`	$6.54M	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	3.12M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	3.12M	shares	Point-in-time
Financing costs, net of accumulated amortization	`DeferredCostsCurrentAndNoncurrent`	$191.77K	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	1.04M	shares	Point-in-time
Financing costs, net of accumulated amortization	`DeferredCostsCurrentAndNoncurrent`	-	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	77.89M	shares	Point-in-time
Other assets	`OtherAssets`	$85.70K	USD	Point-in-time
Other assets	`OtherAssets`	$6.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$375.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.07M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$561.38K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$966.63K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$108.88K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$112.65K	USD	Point-in-time
Promissory Note	`PromissoryNote`	$1.02M	USD	Point-in-time
Promissory Note	`PromissoryNote`	-	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	$380.57K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$670.26K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.48M	USD	Point-in-time
Vesting note payable	`LongTermNotesPayable`	-	USD	Point-in-time
Vesting note payable	`LongTermNotesPayable`	$1.88M	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	$2.81M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$670.26K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.17M	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, $0.001 par value, 500,000,000 shares authorized, 3,115,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016	`CommonStockValue`	$3.12K	USD	Point-in-time
Common shares, $0.001 par value, 500,000,000 shares authorized, 3,115,000 shares issued and outstanding as of June 30, 2017 and December 31, 2016	`CommonStockValue`	$3.12K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.89K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.89K	USD	Point-in-time
Accumulated (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-685.89K	USD	Point-in-time
Accumulated (Deficit)	`RetainedEarningsAccumulatedDeficit`	$1.27M	USD	Point-in-time
TOTAL SHAREHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$-669.88K	USD	Point-in-time
TOTAL SHAREHOLDERS EQUITY (DEFICIT)	`StockholdersEquity`	$1.29M	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$-390.39K	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	-	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-669.88K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$897.02K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$8.07M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$375.00	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$1.79M	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
REVENUES	`Revenues`	$2.45M	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$2.27M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	$1.55M	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	-	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	-	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$177.55K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$235.01K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$660.92K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$83.96K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$804.40K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$44.61K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$83.96K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$44.61K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$660.92K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$804.40K	USD	2 Qtrs
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-44.61K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-626.85K	USD	2 Qtrs
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-83.96K	USD	2 Qtrs
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-425.90K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	$10.43K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	$14.47K	USD	2 Qtrs
Financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$172.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$227.68K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Gain on bargain purchase	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on bargain purchase	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	2 Qtrs
Gain on bargain purchase	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on bargain purchase	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	$2.44M	USD	2 Qtrs
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	$-182.95K	USD	1 Quarter
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	$2.19M	USD	2 Qtrs
NET INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57M	USD	2 Qtrs
NET INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-83.96K	USD	2 Qtrs
NET INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-608.85K	USD	1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.61K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-608.85K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-44.61K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-83.96K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	-	USD	1 Quarter
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-316.38K	USD	1 Quarter
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-390.39K	USD	2 Qtrs
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	-	USD	2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-292.47K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-83.96K	USD	2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-44.61K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$1.96M	USD	2 Qtrs
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.63	USD	2 Qtrs
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.12M	shares	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.12M	shares	2 Qtrs
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.12M	shares	1 Quarter
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.12M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-608.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-44.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-83.96K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	2 Qtrs
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	$2.44M	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	$450.00K	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$10.43K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$14.47K	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-143.05K	USD	2 Qtrs
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	-	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$683.46K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-218.59K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$77.06K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$203.51K	USD	2 Qtrs
Increase in other liabilitites	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.26K	USD	2 Qtrs
Increase in other liabilitites	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Net provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.90K	USD	2 Qtrs
Net provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.54K	USD	2 Qtrs
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$338.41K	USD	2 Qtrs
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$89.01K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$249.40K	USD	2 Qtrs
Financings costs	`PaymentsOfFinancingCosts`	$153.95K	USD	2 Qtrs
Financings costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	$49.52K	USD	2 Qtrs
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	-	USD	2 Qtrs
Loans from (repayments to) related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$3.77K	USD	2 Qtrs
Loans from (repayments to) related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$6.57K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-199.69K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.57K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$169.24K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-330.00	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$169.24K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$85.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$169.24K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	$109.48K	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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