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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash $ 1,383,533 $ 976,538
Restricted cash 403,811
Investments 276,429
Accounts receivable, net 3,378,996 525,625
Contract assets 88,466 70,230
Inventories, net 5,427,302 2,022,754
Prepaid expenses and other current assets 582,048 550,964
Discontinued operations – current assets 1,324,608
TOTAL CURRENT ASSETS 11,136,774 5,874,530
Property and equipment, net 1,695,311 398,503
Investments long-term 276,270
Operating lease right-of-use assets 3,192,604 357,208
Goodwill 19,452,270 5,989,817
Intangible assets, net 11,443,897 3,885,467
Other assets 85,691 375
Discontinued operations – long-term assets 2,457,770
TOTAL ASSETS 47,006,547 19,239,940
CURRENT LIABILITIES    
Accounts payable and accrued expenses 4,818,672 2,558,559
Contract liabilities 2,547,903 77,403
Customer deposits 3,465,259 3,370,957
Current portion of operating lease liability 613,696 66,803
Advances, related party 193,762 190,192
Lines of credit 301,081
Due to seller 33,630
Note payable – related party 56,900
Current portion of notes payable 793,174 429,183
Discontinued operations – current liabilities 999,122
TOTAL CURRENT LIABILITIES 12,432,466 8,083,830
Operating lease liability – long term, net of current portion 2,607,862 291,183
Notes payable, net of current portion 707,306 1,138,331
Vesting note payable – related party 1,001,183 498,979
Convertible promissory notes, net of discount 26,630,655
Deferred tax liability 2,070,000
Discontinued operations – long-term liabilities 5,981,467
TOTAL LIABILITIES 45,449,472 15,993,790
SHAREHOLDERS’ EQUITY    
Allocation shares, 1,000 shares issued and outstanding 1,000 1,000
Series A convertible preferred shares, 1,818,182 and 2,632,278 outstanding as of December 31, 2021 and 2020, respectively 1,655,404 2,971,427
Distribution receivable (2,000,000) (2,000,000)
Common Shares, 500,000,000 shares authorized, 4,842,851 and 4,444,013 shares issued and outstanding as of December 31, 2021 and 2020, respectively 4,843 4,444
Additional paid-in capital 21,719,410 17,005,491
Accumulated deficit (19,914,957) (13,856,973)
TOTAL 1847 HOLDINGS SHAREHOLDERS’ EQUITY 1,465,700 4,125,389
NON-CONTROLLING INTERESTS 91,375 (879,239)
TOTAL SHAREHOLDERS’ EQUITY 1,557,075 3,246,150
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 47,006,547 $ 19,239,940