Workflow
1847 LLC(EFSH)
icon
Search documents
1847 LLC(EFSH) - 2023 Q1 - Quarterly Report
2023-05-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 001-41368 1847 HOLDINGS LLC (Exact name of registrant as specified in its charter) Delaware 38-3922937 ...
1847 LLC(EFSH) - 2022 Q4 - Annual Report
2023-04-10 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 001-41368 1847 HOLDINGS LLC (Exact name of registrant as specified in its charter) Delaware 38-3922937 (State or ot ...
1847 LLC(EFSH) - 2022 Q3 - Quarterly Report
2022-11-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares EFSH NYSE American LLC FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commis ...
1847 LLC(EFSH) - 2022 Q2 - Quarterly Report
2022-08-11 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 000-56128 1847 HOLDINGS LLC | --- | --- | |------------------------------------------------------------- ...
1847 LLC(EFSH) - 2022 Q1 - Quarterly Report
2022-05-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 000-56128 | --- | --- | |------------------------------------------------------------------------------ ...
1847 LLC(EFSH) - 2021 Q4 - Annual Report
2022-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 000-56128 | --- | --- | |--------------------------------------------------------------------------------------|--- ...
1847 LLC(EFSH) - 2021 Q3 - Quarterly Report
2021-11-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 000-56128 1847 HOLDINGS LLC | --- | --- | |-------------------------------------------------------- ...
1847 LLC(EFSH) - 2021 Q2 - Quarterly Report
2021-08-15 16:00
Acquisitions - The company has completed five acquisitions to date, focusing on small businesses with an enterprise value of less than $50 million[287]. - Asien's Appliance, acquired on May 28, 2020, has been operational since 1948 and provides a variety of appliance services[288]. - Kyle's Custom Wood Shop, acquired on September 30, 2020, has been servicing contractors and homeowners since 1976, focusing on custom cabinetry[289]. - Wolo Mfg. Corp., acquired on March 30, 2021, designs and manufactures horn and safety products, facing supply chain challenges due to the pandemic[290]. Financial Performance - Total revenues for the three months ended June 30, 2021, were $6,647,954, compared to $1,185,980 for the same period in 2020, representing a significant increase[314]. - The retail and appliances segment generated revenues of $3,352,618 for the three months ended June 30, 2021, up from $1,185,980 in the prior year[316]. - The construction segment reported revenues of $1,314,968 for the three months ended June 30, 2021[318]. - The automotive supplies segment generated revenues of $1,980,368 for the three months ended June 30, 2021[319]. - Total revenues for the six months ended June 30, 2021, were $11,428,229, a significant increase from $1,185,980 for the same period in 2020[340]. - Revenues from the retail and appliances segment reached $6,616,984 for the three months ended June 30, 2021, compared to $1,185,980 for the same period in 2020[340]. - The company reported a net income from continuing operations of $2,962,947 for the three months ended June 30, 2021, compared to a net loss of $688,560 in the prior year[335]. - Net income from continuing operations was $2,108,956 for the six months ended June 30, 2021, compared to a net loss of $730,259 for the same period in 2020[356]. Costs and Expenses - Total cost of sales for the three months ended June 30, 2021, was $4,514,789, compared to $923,892 for the same period in 2020[320]. - Personnel costs for the three months ended June 30, 2021, totaled $836,569, a significant increase from $81,284 in the prior year[324]. - General and administrative expenses for the three months ended June 30, 2021, were $1,350,329, compared to $832,827 for the same period in 2020[328]. - Total cost of sales was $7,775,471 for the six months ended June 30, 2021, up from $923,892 for the same period in 2020[342]. - Personnel costs totaled $1,321,240 for the six months ended June 30, 2021, compared to $81,284 for the same period in 2020[346]. - General and administrative expenses were $2,674,526 for the six months ended June 30, 2021, compared to $872,112 for the same period in 2020[350]. Cash Flow and Financing - As of June 30, 2021, cash and cash equivalents were $1,477,524, with no immediate need for additional cash to continue operations[357]. - The company anticipates needing additional funds ranging from $100,000 to $250,000 for future acquisitions, potentially up to $5,000,000 if sellers do not accept significant portions of the purchase price in seller notes or equity[358]. - Net cash used in operating activities from continuing operations was $(60,575) for the six months ended June 30, 2021, compared to $(352,718) for the same period in 2020, indicating a significant improvement[366]. - Net cash used in investing activities from continuing operations was $(5,339,252) for the six months ended June 30, 2021, compared to net cash provided of $1,268,285 for the same period in 2020, primarily due to the acquisition of Wolo[368]. - Net cash provided by financing activities from continuing operations was $5,497,002 for the six months ended June 30, 2021, compared to $305,151 for the same period in 2020, driven by net proceeds from the sale of units and notes payable[369]. Debt and Liabilities - Total debt as of June 30, 2021 amounts to $6,825,223, with short-term debt of $2,061,740 and long-term debt of $4,763,483[396]. - The outstanding balance of the 6% amortizing promissory note was $850,172 as of June 30, 2021, with accrued interest of $17,894[377]. - The principal amount of the secured promissory note issued by 1847 Cabinet to the Company is $4,525,000, with an interest rate of 16% per annum[384]. - The remaining principal balance of the revolving loan with Arvest Bank was $100,000 as of June 30, 2021, with accrued interest of $2,564[375]. - The term loan with Sterling National Bank has a remaining principal balance of $3,311,039, which includes principal of $3,462,500 net of a debt discount of $151,461, and accrued interest of $18,034[388]. Inventory and Assets - The company estimated an obsolescence allowance of $160,824 as of June 30, 2021, compared to $14,824 at December 31, 2020, indicating a significant increase in inventory write-downs[419]. - Wolo's inventory consists of finished goods valued at weighted-average cost, with periodic evaluations leading to write-downs based on market conditions[419]. - Property and equipment are depreciated using the straight-line method over useful lives ranging from 3 to 15 years, depending on the asset type[421][423]. - The company adopted ASC Topic 842 for leases, recognizing right-of-use assets and lease liabilities based on the present value of unpaid lease payments[432][433]. Revenue Recognition - Wolo's revenue recognition is based on customer orders, with control transferring at the point of shipment, satisfying performance obligations[414]. - Wolo disaggregates revenue by contract type to better depict the nature and timing of revenue and cash flows affected by economic factors[417]. Management and Strategy - The company aims to improve its businesses through organic growth opportunities, add-on acquisitions, and operational improvements[294]. - The management fee for subsidiaries is set at 0.5% of adjusted net assets, with specific conditions for adjustments based on gross income[301]. - The company believes its management and acquisition strategies will enable it to grow regular distributions to common shareholders over time[293].
1847 LLC(EFSH) - 2021 Q1 - Quarterly Report
2021-05-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 000-56128 1847 HOLDINGS LLC | --- | --- | |------------------------------------------------------------ ...
1847 LLC(EFSH) - 2020 Q4 - Annual Report
2021-04-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File No. 000-56128 1847 HOLDINGS LLC (Registrant's telephone number, including area code) Securities registered pursuant to Section ...