10-Q/A Filing

1847 HOLDINGS LLC CIK: 1599407 Q2 2016

Filing Information

Form Type	10-Q/A
Accession Number	`0001477932-17-004926`
Period End Date	20160630
Filing Date	20171006
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	efsh-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 34 Cash Flow Statement 29

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	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
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventory, net	`InventoryNet`	-	USD	Point-in-time
Allocation shares, outstanding	`AllocationSharesOutstanding`	1,000.00	shares	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$369.00	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	77.89M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	1.04M	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$369.00	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	77.89M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	1.04M	shares	Point-in-time
Fixed Assets, net of accumulated depreciation of $450,000 as of June 30, 2017	`PropertyPlantAndEquipmentNet`	-	USD	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`	-	USD	Point-in-time
Other assets	`OtherAssets`	$6.00	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
Advances, related party	`DueToRelatedPartiesCurrent`	$108.88K	USD	Point-in-time
Promissory note	`PromissoryNote`	-	USD	Point-in-time
Uncertain tax liability	`ShortTermBorrowings`	-	USD	Point-in-time
Current deferred tax liability	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$670.26K	USD	Point-in-time
Vesting note payable	`LongTermNotesPayable`	-	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	-	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
Common Shares, 500,000,000 shares authorized, 3,115,500 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
Accumulated (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-685.89K	USD	Point-in-time
TOTAL SHAREHOLDERS' (DEFICIT)	`StockholdersEquity`	$-669.88K	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	-	USD	Point-in-time
TOTAL EQUITY (DEFICIT)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-669.88K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$375.00	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	2 Qtrs
COST OF SALES	`CostOfGoodsSold`	-	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	-	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$83.96K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$44.61K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$44.61K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$83.96K	USD	2 Qtrs
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-44.61K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-83.96K	USD	2 Qtrs
Financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
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
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
NET INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.61K	USD	1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-83.96K	USD	2 Qtrs
PROVISION FOR INCOME TAXES (BENEFIT)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES (BENEFIT)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-44.61K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-83.96K	USD	2 Qtrs
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	-	USD	2 Qtrs
Less net income (loss) attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	-	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-44.61K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-83.96K	USD	2 Qtrs
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
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

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS)	`NetIncomeLoss`	$-44.61K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-83.96K	USD	2 Qtrs
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	1 Quarter
Gain on acquisition	`DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	-	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$77.06K	USD	2 Qtrs
Increase in uncertain tax position	`IncreaseDecreaseInUncertainTaxPosition`	-	USD	2 Qtrs
Decrease in deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredTaxLiabilityAndPrepaidTax`	-	USD	2 Qtrs
Increase in other liabilitites	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Net provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.90K	USD	2 Qtrs
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Financings costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	-	USD	2 Qtrs
Loans from (repayments to) related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$6.57K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.57K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-330.00	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$85.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	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.