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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 7,670 $ (21,568)
(used in) provided by operating activities:    
Depreciation and amortization 6,557 550
Amortization of debt discount 1,042 682
Stock-based compensation 879 399
Inventory reserve 968
Bad debt expense 148
Loss on extinguishment of debt 1,748 1,756
Loss on abandonment of right-of-use asset 1,437
Write-off of acquisition receivable 809
Adjustment in value of contingency 9 139
Change in fair value of warrant liability 2,128
Deferred tax (liability) asset (4,908) 698
Non-cash lease expense 1,639 423
Changes in operating assets and liabilities:    
Receivables (5,603) (665)
Vendor deposits (1,652) (253)
Merchandise inventory (18,459) (3,767)
Prepaid expenses and other assets (3,448) (551)
Accounts payable and accrued expenses 14,178 7,337
Customer deposits (18,968) 17,715
Operating lease liabilities (1,565) (423)
Net cash (used in) provided by operating activities (18,328) 5,409
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (1,899) (113)
Cash paid to sellers in acquisition of Appliances Connection, net of cash acquired (201,515)
Cash paid to sellers in acquisition of Appliance Gallery (1,420)
Net cash used in investing activities (204,834) (113)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from public equity offering 194,398 8,602
Proceeds from exercise of warrants 2,368
Proceeds from notes payable 60,833 642
Repayments of notes payable (10,528) (2,884)
Repayments of convertible notes payable (771)
Repayments of finance lease liabilities (30)
Net repayments of line of credit (1,339)
Cash paid for financing costs (105)
Net cash provided by financing activities 247,041 4,145
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 23,879 9,441
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR 9,912 471
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR 33,791 9,912
End of the year    
Cash and cash equivalents 25,724 935
Restricted cash 8,067 8,977
Cash and cash equivalents and restricted cash total 33,791 9,912
Beginning of the year    
Cash and cash equivalents 935 471
Restricted cash 8,977
Cash and cash equivalents and restricted cash total 9,912 471
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 2,394 764
Cash paid for income taxes 2,483
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Operating lease right-of-use assets and liabilities assumed 14,520
Debt discount on notes payable from OID 2,310
Debt discount on notes payable from warrants 1,340
Stock issued in the acquisition of Appliances Connection 12,264
Due to seller (consideration) settled by vendor deposits 5,000
Net assets acquired in the acquisition of Appliances Connection 38,225
Net assets acquired in the acquisition of Appliance Gallery 252
Warrants in 1847 Holdings contributed on notes payable 567
Conversion of debt through the issuance of 1847 Holdings common shares 375
Derecognition of related party debt 138
Adjustment to fair value of goodwill based on final purchase price allocation 122
Conversion of warrant liability into common stock 2,250
Issuance of note payable to repay seller note $ 3,500