10-K Filing

1847 HOLDINGS LLC CIK: 1599407 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001477932-18-001914`
Period End Date	20171231
Filing Date	20180417
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	efsh-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 41 Cash Flow Statement 65 Stockholders Equity 9

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allocation shares, issued	`AllocationSharesIssued`	1,000.00	shares	Point-in-time
Allocation shares, issued	`AllocationSharesIssued`	1,000.00	shares	Point-in-time
Allocation shares, outstanding	`AllocationSharesOutstanding`	1,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$310.36K	USD	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$836.57K	USD	Point-in-time
Inventories, net	`InventoryNet`	-	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	623,125.00	shares	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	623,125.00	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	623,125.00	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	623,125.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$369.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$174.88K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$369.00	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.10M	USD	Point-in-time
Goodwill	`Goodwill`	$22.17K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$28.33K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Other assets	`OtherAssets`	$111.50K	USD	Point-in-time
Other assets	`OtherAssets`	$6.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.08M	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`	$1.23M	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$675.00K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$108.88K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$179.70K	USD	Point-in-time
Note payable - current portion	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Note payable - current portion	`ShortTermBankLoansAndNotesPayable`	$14.25K	USD	Point-in-time
Promissory note payable	`PromissoryNote`	-	USD	Point-in-time
Promissory note payable	`PromissoryNote`	$1.02M	USD	Point-in-time
Uncertain tax liability	`ShortTermBorrowings`	$126.00K	USD	Point-in-time
Uncertain tax liability	`ShortTermBorrowings`	-	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	$615.35K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$670.26K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.86M	USD	Point-in-time
Non-current note-payable	`LongTermNotesPayable`	$58.02K	USD	Point-in-time
Non-current note-payable	`LongTermNotesPayable`	-	USD	Point-in-time
Vesting note payable	`OtherLongTermNotesPayable`	$395.63K	USD	Point-in-time
Vesting note payable	`OtherLongTermNotesPayable`	-	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$988.60K	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	$3.26M	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.57M	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, 623,125 shares issued and outstanding as of December 31, 2017 and 2016	`CommonStockValue`	$623.00	USD	Point-in-time
Common Shares, 500,000,000 shares authorized, 623,125 shares issued and outstanding as of December 31, 2017 and 2016	`CommonStockValue`	$623.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.38K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.38K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.16M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-685.89K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-669.88K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.14M	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	-	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$658.52K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-400.04K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-485.19K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-669.88K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.08M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$375.00	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Services	`Services`	-	USD	Annual
Services	`Services`	$3.99M	USD	Annual
Sales of parts and equipment	`SalesOfPartsAndEquipment`	$2.42M	USD	Annual
Sales of parts and equipment	`SalesOfPartsAndEquipment`	-	USD	Annual
Other	`OtherSalesRevenueNet`	$440.00	USD	Annual
TOTAL REVENUE	`Revenues`	$6.41M	USD	Annual
TOTAL REVENUE	`Revenues`	-	USD	Annual
Cost of sales	`CostOfGoodsSold`	$1.90M	USD	Annual
Personnel costs	`PersonnelCosts`	$2.06M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.13M	USD	Annual
Fuel	`FuelCosts`	$700.32K	USD	Annual
General and administrative expenses, other	`GeneralAndAdministrativeExpense`	$2.01M	USD	Annual
General and administrative expenses, other	`GeneralAndAdministrativeExpense`	$269.84K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$269.84K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$7.80M	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.39M	USD	Annual
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-269.84K	USD	Annual
Financing costs	`AmortizationOfFinancingCosts`	$37.28K	USD	3 Qtrs
Financing costs	`AmortizationOfFinancingCosts`	$29.28K	USD	Annual
Financing costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$616.38K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets`	$275.50K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	-	USD	Annual
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	$-370.17K	USD	Annual
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-269.84K	USD	Annual
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.76M	USD	Annual
PROVISION FOR INCOME TAXES (BENEFIT)	`IncomeTaxExpenseBenefit`	-	USD	Annual
PROVISION FOR INCOME TAXES (BENEFIT)	`IncomeTaxExpenseBenefit`	$-1.09M	USD	Annual
NET LOSS BEFORE NON-CONTROLLING INTERESTS	`NetIncomeLoss`	$-668.18K	USD	Annual
NET LOSS BEFORE NON-CONTROLLING INTERESTS	`NetIncomeLoss`	$-269.84K	USD	Annual
Less net loss attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	-	USD	Annual
Less net loss attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-194.34K	USD	Annual
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-473.84K	USD	Annual
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-269.84K	USD	Annual
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	Annual
Net Loss Per Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.76	USD	Annual
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	623,125.00	shares	Annual
Weighted-average number of common shares outstanding: Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	623,125.00	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income loss	`NetIncomeLoss`	$-668.18K	USD	Annual
Net income loss	`NetIncomeLoss`	$-269.84K	USD	Annual
Write-off bad debts	`AllowanceForLoanAndLeaseLossesWriteoffsNet`	$100.00K	USD	Annual
Write-off bad debts	`AllowanceForLoanAndLeaseLossesWriteoffsNet`	-	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets`	$275.50K	USD	Annual
Gain on sale of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Depreciation expense and amortization	`DepreciationAndAmortization`	-	USD	Annual
Depreciation expense and amortization	`DepreciationAndAmortization`	$1.13M	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	$37.28K	USD	3 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$29.28K	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-153.67K	USD	Annual
Increase accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	-	USD	Annual
Decrease in inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$201.34K	USD	Annual
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-27.29K	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$452.03K	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$158.69K	USD	Annual
Increase in uncertain tax position	`IncomeTaxReconciliationTaxContingencies`	$-3.00K	USD	Annual
Increase in uncertain tax position	`IncomeTaxReconciliationTaxContingencies`	-	USD	Annual
Decrease in deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredLiabilities`	$-1.17M	USD	Annual
Decrease in deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredLiabilities`	-	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$70.83K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$10.74K	USD	Annual
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	Annual
Increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.79K	USD	Annual
Net used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-416.69K	USD	Annual
Net used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-415.00	USD	Annual
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	Annual
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$338.41K	USD	Annual
Proceeds from the sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$369.27K	USD	Annual
Proceeds from the sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15M	USD	Annual
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-438.21K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$675.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$397.46K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Payments on notes payable	`ProceedsFromShortTermDebt`	-	USD	Annual
Payments on notes payable	`ProceedsFromShortTermDebt`	$-325.20K	USD	Annual
Proceeds from capital lease obligation	`ProceedsFromLongTermCapitalLeaseObligations`	-	USD	Annual
Proceeds from capital lease obligation	`ProceedsFromLongTermCapitalLeaseObligations`	$759.65K	USD	Annual
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	$-150.59K	USD	Annual
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.36M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-415.00	USD	Annual
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$501.42K	USD	Annual
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$415.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	$366.49K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$78.60K	USD	Annual
Acquisition of subsidiary	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	Annual
Acquisition of subsidiary	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$5.51M	USD	Annual
Grant of non-controlling interest	`GrantOfNoncontrollingInterest`	$852.86K	USD	Annual
Grant of non-controlling interest	`GrantOfNoncontrollingInterest`	-	USD	Annual

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-400.04K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-485.19K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-669.88K	USD	Point-in-time
Non-controlling interest granted in the acquisition of Neese, Inc.	`NoncontrollingInterestGrantedinAcquisitionOfNeeseInc.`	$852.86K	USD	Annual
Net loss	`NetIncomeLoss`	$-668.18K	USD	Annual
Net loss	`NetIncomeLoss`	$-269.84K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-400.04K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-485.19K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-669.88K	USD	Point-in-time

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