10-Q/A Filing

1847 HOLDINGS LLC CIK: 1599407 Q1 2019

Filing Information

Form Type	10-Q/A
Accession Number	`0001477932-19-003027`
Period End Date	20190331
Filing Date	20190520
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	efsh-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 42 Cash Flow Statement 61 Stockholders Equity 10

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accrued interest	`AccruedLiabilitiesCurrent`	$7.55K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$9.89K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$78.11K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$333.88K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$96.22K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$218.24K	USD	Point-in-time
Allocation shares, issued	`AllocationSharesIssued`	1,000.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$549.57K	USD	Point-in-time
Allocation shares, issued	`AllocationSharesIssued`	1,000.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$487.69K	USD	Point-in-time
Inventories, net	`InventoryNet`	$535.69K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$145.98K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$53.83K	USD	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common shares, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$903.98K	USD	Point-in-time
Common shares, issued	`CommonStockSharesIssued`	3.12M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.52M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.49M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$605.05K	USD	Point-in-time
Goodwill	`Goodwill`	$22.17K	USD	Point-in-time
Goodwill	`Goodwill`	$22.17K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$19.83K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$21.53K	USD	Point-in-time
Other assets	`OtherAssets`	$375.00	USD	Point-in-time
Other assets	`OtherAssets`	$375.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.70M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.05M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Floor plan payable	`FloorPlanPayable`	$137.49K	USD	Point-in-time
Floor plan payable	`FloorPlanPayable`	$109.10K	USD	Point-in-time
Lease liability - current portion	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Lease liability - current portion	`FinanceLeaseLiabilityCurrent`	$60.09K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$176.30K	USD	Point-in-time
Advances, related party	`DueToRelatedPartiesCurrent`	$174.33K	USD	Point-in-time
Note payable related party, including accrued interest of $9,889 and $7,549 as of March 31, 2019 and December 31, 2018, respectively	`NotePayableRelatedPartyIncludingAccruedInterest`	$124.55K	USD	Point-in-time
Note payable related party, including accrued interest of $9,889 and $7,549 as of March 31, 2019 and December 31, 2018, respectively	`NotePayableRelatedPartyIncludingAccruedInterest`	$126.89K	USD	Point-in-time
Notes payable - current portion	`ShortTermBankLoansAndNotesPayable`	$224.80K	USD	Point-in-time
Notes payable - current portion	`ShortTermBankLoansAndNotesPayable`	$293.64K	USD	Point-in-time
Uncertain tax liability	`ShortTermBorrowings`	$8.00K	USD	Point-in-time
Uncertain tax liability	`ShortTermBorrowings`	-	USD	Point-in-time
Current portion of financing lease liability	`CapitalLeaseObligationsCurrent`	$299.16K	USD	Point-in-time
Current portion of financing lease liability	`CapitalLeaseObligationsCurrent`	$310.77K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.31M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.21M	USD	Point-in-time
Non-current notes-payable	`LongTermNotesPayable`	$3.10M	USD	Point-in-time
Non-current notes-payable	`LongTermNotesPayable`	$3.26M	USD	Point-in-time
Lease liability - long term	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability - long term	`FinanceLeaseLiabilityNoncurrent`	$549.29K	USD	Point-in-time
Promissory note payable	`PromissoryNotePayable`	$1.02M	USD	Point-in-time
Promissory note payable	`PromissoryNotePayable`	$1.02M	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$364.60K	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$118.20K	USD	Point-in-time
Accrued expenses long term	`AccruedLiabilitiesCurrentAndNoncurrent`	$451.86K	USD	Point-in-time
Accrued expenses long term	`AccruedLiabilitiesCurrentAndNoncurrent`	$565.34K	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	$763.24K	USD	Point-in-time
Capital lease obligation, net of current portion	`CapitalLeaseObligationsNoncurrent`	$700.01K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.36M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.08M	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, 2019 and December 31, 2018	`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, 2019 and December 31, 2018	`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`	$-2.52M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.16M	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.14M	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.51M	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$-154.67K	USD	Point-in-time
NONCONTROLLING INTERESTS	`MinorityInterest`	$112.01K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-485.19K	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-2.03M	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-1.28M	USD	Point-in-time
TOTAL SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-2.66M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$6.05M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.70M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Services	`Services`	$654.07K	USD	1 Quarter
Services	`Services`	$575.40K	USD	1 Quarter
Sales and other	`SalesAndOther`	$236.97K	USD	1 Quarter
Sales and other	`SalesAndOther`	$108.57K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$812.37K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$762.64K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$213.75K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$98.29K	USD	1 Quarter
Personnel costs	`PersonnelCosts`	$457.20K	USD	1 Quarter
Personnel costs	`PersonnelCosts`	$434.96K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$338.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$359.70K	USD	1 Quarter
Fuel	`FuelCosts`	$166.77K	USD	1 Quarter
Fuel	`FuelCosts`	$188.38K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$587.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$375.74K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.65M	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.57M	USD	1 Quarter
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-884.33K	USD	1 Quarter
NET LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-761.51K	USD	1 Quarter
Financing costs and loss on early extinguishment of debt	`FinancingCostsAndLossOnEarlyExtinguishmentOfDebt`	$8.10K	USD	1 Quarter
Financing costs and loss on early extinguishment of debt	`FinancingCostsAndLossOnEarlyExtinguishmentOfDebt`	$9.96K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$144.29K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$104.97K	USD	1 Quarter
Gain (loss) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-40.12K	USD	1 Quarter
Gain (loss) on sale of property and equipment	`GainLossOnDispositionOfAssets`	$24.22K	USD	1 Quarter
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	$-155.06K	USD	1 Quarter
TOTAL OTHER INCOME (LOSS)	`NonoperatingIncomeExpense`	$-128.17K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-889.68K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.04M	USD	1 Quarter
PROVISION FOR INCOME TAXES (BENEFIT)	`IncomeTaxExpenseBenefit`	$-254.42K	USD	1 Quarter
PROVISION FOR INCOME TAXES (BENEFIT)	`IncomeTaxExpenseBenefit`	$-246.20K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-635.26K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-793.19K	USD	1 Quarter
Less net loss attributable to non-controlling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$-266.68K	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`	$-529.14K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	`IncomeLossFromContinuingOperations`	$-368.58K	USD	1 Quarter
Net Loss Per Common Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	1 Quarter
Net Loss Per Common Share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	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 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-635.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-793.19K	USD	1 Quarter
Gain (loss) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$40.12K	USD	1 Quarter
Gain (loss) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$338.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$359.70K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$8.10K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$9.96K	USD	1 Quarter
Amortization of operating lease right of use assets	`FinanceLeaseRightOfUseAssetAmortization`	$19.11K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$331.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$216.30K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$66.06K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventoriesAndOtherOperatingAssets`	$-48.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$92.15K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-5.97K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$181.15K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$169.84K	USD	1 Quarter
Uncertain tax position	`IncomeTaxReconciliationTaxContingencies`	$1.00K	USD	1 Quarter
Uncertain tax position	`IncomeTaxReconciliationTaxContingencies`	-	USD	1 Quarter
Operating lease liability	`OperatingLeaseLiability1`	-	USD	1 Quarter
Operating lease liability	`OperatingLeaseLiability1`	$-14.77K	USD	1 Quarter
Deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredLiabilities`	$-254.40K	USD	1 Quarter
Deferred tax liability and prepaid tax	`IncreaseDecreaseInDeferredLiabilities`	$-247.20K	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$8.71K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$1.96K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$2.08K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.79K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-183.37K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.03K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$35.50K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.75K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.30K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$35.50K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$29.45K	USD	1 Quarter
Note Payable related party	`ProceedsFromRelatedPartyDebt`	$72.00K	USD	1 Quarter
Note Payable related party	`ProceedsFromRelatedPartyDebt`	$28.39K	USD	1 Quarter
Repayment of line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayment of line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-275.00K	USD	1 Quarter
Repayments of notes payable	`ProceedsFromShortTermDebt`	$-3.51K	USD	1 Quarter
Repayments of notes payable	`ProceedsFromShortTermDebt`	$-236.83K	USD	1 Quarter
Principal payments on financing lease liability	`FinanceLeasePrincipalPayments`	$54.64K	USD	1 Quarter
Principal payments on financing lease liability	`FinanceLeasePrincipalPayments`	$68.93K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-263.08K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-275.44K	USD	1 Quarter
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-423.31K	USD	1 Quarter
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-237.66K	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$78.11K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$333.88K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$96.22K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$78.11K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$501.42K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$333.88K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$96.22K	USD	Point-in-time
Interest paid	`InterestPaid`	$160.76K	USD	1 Quarter
Interest paid	`InterestPaid`	$119.87K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-485.19K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-2.03M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.28M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-2.66M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-635.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-793.19K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$-485.19K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-2.03M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.28M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-2.66M	USD	Point-in-time

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