10-Q Filing

1847 HOLDINGS LLC CIK: 1599407 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-002636`
Period End Date	20180331
Filing Date	20180521
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	efsh-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 42 Cash Flow Statement 60

Balance Sheet 76 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`	$277.83K	USD	Point-in-time
Allocation shares, outstanding	`AllocationSharesOutstanding`	1,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$78.11K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$94.07K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$310.36K	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
Inventories, net	`InventoryNet`	$836.57K	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
Inventories, net	`InventoryNet`	$770.51K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$180.84K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$174.88K	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	3.12M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	3.12M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.12M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.10M	USD	Point-in-time
Goodwill	`Goodwill`	$22.17K	USD	Point-in-time
Goodwill	`Goodwill`	$22.17K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$26.63K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$28.33K	USD	Point-in-time
Other assets	`OtherAssets`	$111.50K	USD	Point-in-time
Other assets	`OtherAssets`	$111.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.08M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.40M	USD	Point-in-time
Line of credit	`LineOfCredit`	$400.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	$675.00K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$181.79K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$179.70K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$72.00K	USD	Point-in-time
Note payable - current portion	`ShortTermBankLoansAndNotesPayable`	$14.25K	USD	Point-in-time
Note payable - current portion	`ShortTermBankLoansAndNotesPayable`	$14.25K	USD	Point-in-time
Promissory note payable	`PromissoryNote`	$1.02M	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`	$127.00K	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	$615.35K	USD	Point-in-time
Current portion of capital lease obligation	`CapitalLeaseObligationsCurrent`	$737.88K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.95M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.86M	USD	Point-in-time
Non-current note-payable	`LongTermNotesPayable`	$54.51K	USD	Point-in-time
Non-current note-payable	`LongTermNotesPayable`	$58.02K	USD	Point-in-time
Vesting note payable	`OtherLongTermNotesPayable`	$395.63K	USD	Point-in-time
Vesting note payable	`OtherLongTermNotesPayable`	$395.63K	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$988.60K	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$741.40K	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	$3.08M	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	$3.26M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.23M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.57M	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, 3,115,625 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`CommonStockValue`	$3.12K	USD	Point-in-time
Common Shares, 500,000,000 shares authorized, 3,115,625 shares issued and outstanding as of March 31, 2018 and December 31, 2017	`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`	$-1.16M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.69M	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.67M	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.14M	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$658.52K	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$394.48K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-485.19K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-1.28M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$6.95M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.08M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Services	`Services`	$654.07K	USD	1 Quarter
Services	`Services`	$350.43K	USD	1 Quarter
Sales of parts and equipment	`SalesOfPartsAndEquipment`	$108.57K	USD	1 Quarter
Sales of parts and equipment	`SalesOfPartsAndEquipment`	$311.44K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$762.64K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$661.86K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$228.89K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$98.29K	USD	1 Quarter
Personnel costs	`PersonnelCosts`	$434.96K	USD	1 Quarter
Personnel costs	`PersonnelCosts`	$166.98K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$200.57K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$359.70K	USD	1 Quarter
Fuel	`FuelCosts`	$218.74K	USD	1 Quarter
Fuel	`FuelCosts`	$78.17K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$408.17K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$535.28K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.65M	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.08M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-884.33K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-420.91K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	$9.96K	USD	1 Quarter
Financing costs	`AmortizationOfFinancingCosts`	$4.04K	USD	1 Quarter
Interest expense	`InterestExpense`	$55.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$104.97K	USD	1 Quarter
Gain (loss) on sale of fixed assets	`GainLossOnDispositionOfAssets`	$-40.12K	USD	1 Quarter
Gain (loss) on sale of fixed assets	`GainLossOnDispositionOfAssets`	$44.37K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-155.06K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-14.83K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-435.75K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.04M	USD	1 Quarter
INCOME TAX PROVISION (BENEFIT)	`IncomeTaxExpenseBenefit`	$-246.20K	USD	1 Quarter
INCOME TAX PROVISION (BENEFIT)	`IncomeTaxExpenseBenefit`	$47.51K	USD	1 Quarter
NET LOSS BEFORE NON-CONTROLLING INTERESTS	`NetIncomeLoss`	$-483.25K	USD	1 Quarter
NET LOSS BEFORE NON-CONTROLLING INTERESTS	`NetIncomeLoss`	$-793.19K	USD	1 Quarter
Less net loss attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-111.12K	USD	1 Quarter
Less net loss attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-264.05K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-372.13K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-529.14K	USD	1 Quarter
Net Loss Per Common Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Net Loss Per Common Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.17	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	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-483.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-793.19K	USD	1 Quarter
(Gain) loss on sale of fixed assets	`GainLossOnDispositionOfAssets`	$-40.12K	USD	1 Quarter
(Gain) loss on sale of fixed assets	`GainLossOnDispositionOfAssets`	$44.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$200.57K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$359.70K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$9.96K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$4.04K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-158.23K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$216.30K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$142.19K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$66.06K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.97K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-240.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$169.84K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$327.59K	USD	1 Quarter
Uncertain tax position	`IncomeTaxReconciliationTaxContingencies`	$1.00K	USD	1 Quarter
Uncertain tax position	`IncomeTaxReconciliationTaxContingencies`	$52.85K	USD	1 Quarter
Deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredLiabilities`	$-247.20K	USD	1 Quarter
Deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredLiabilities`	-	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$8.71K	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$2.08K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$107.52K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.79K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.82K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-183.37K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$146.84K	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	$338.41K	USD	1 Quarter
Cash acquired in acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Proceeds from the sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$48.79K	USD	1 Quarter
Proceeds from the sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$35.50K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.08K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$294.13K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$35.50K	USD	1 Quarter
Repayment to line of credit	`RepaymentsOfLinesOfCredit`	$275.00K	USD	1 Quarter
Repayment to line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Note payable related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Note payable related party	`ProceedsFromRelatedPartyDebt`	$72.00K	USD	1 Quarter
Payments on notes payable	`ProceedsFromShortTermDebt`	-	USD	1 Quarter
Payments on notes payable	`ProceedsFromShortTermDebt`	$-3.51K	USD	1 Quarter
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	$-68.93K	USD	1 Quarter
Principal payments on capital lease obligation	`ProceedsFromShortTermCapitalLeaseObligations`	$-163.15K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-163.15K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-275.44K	USD	1 Quarter
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$277.83K	USD	1 Quarter
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-423.31K	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$277.83K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$78.11K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$277.83K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$78.11K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	$119.87K	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.