1847 Holdings LLC Files Q3 2024 10-Q Report
Ticker: LBRA · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 1599407
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
1847 Holdings LLC filed its 10-Q for Q3 2024. Check financials.
AI Summary
1847 Holdings LLC filed its quarterly report on Form 10-Q for the period ending September 30, 2024. The company, incorporated in Delaware, is involved in management consulting services. Its principal executive offices are located at 590 Madison Avenue, New York, NY.
Why It Matters
This filing provides investors with an update on the financial performance and operational status of 1847 Holdings LLC for the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly filing providing financial updates and does not contain immediate high-risk indicators.
Key Numbers
- 001-41368 — SEC File Number (Identifies the company's filing with the SEC.)
- 38-3922937 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- 1847 Holdings LLC (company) — Registrant
- September 30, 2024 (date) — Quarterly period end date
- 590 Madison Avenue, 21st Floor, New York, NY 10022 (location) — Principal executive offices address
- 8742 (number) — Standard Industrial Classification code for Management Consulting Services
FAQ
What is the primary business of 1847 Holdings LLC?
1847 Holdings LLC is primarily involved in Services-Management Consulting Services, as indicated by its SIC code 8742.
For what period is this 10-Q report filed?
This 10-Q report is filed for the quarterly period ended September 30, 2024.
Where are the principal executive offices of 1847 Holdings LLC located?
The principal executive offices are located at 590 Madison Avenue, 21st Floor, New York, NY 10022.
What is the state of incorporation for 1847 Holdings LLC?
1847 Holdings LLC is incorporated in Delaware.
What is the SEC file number for 1847 Holdings LLC?
The SEC file number for 1847 Holdings LLC is 001-41368.
Filing Stats: 4,865 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-11-19 16:05:32
Filing Documents
- ea0220609-10q_1847hold.htm (10-Q) — 2284KB
- ea022060901ex10-5_1847hold.htm (EX-10.5) — 95KB
- ea022060901ex31-1_1847hold.htm (EX-31.1) — 10KB
- ea022060901ex31-2_1847hold.htm (EX-31.2) — 10KB
- ea022060901ex32-1_1847hold.htm (EX-32.1) — 5KB
- ea022060901ex32-2_1847hold.htm (EX-32.2) — 5KB
- 0001213900-24-100149.txt ( ) — 11851KB
- efsh-20240930.xsd (EX-101.SCH) — 75KB
- efsh-20240930_cal.xml (EX-101.CAL) — 109KB
- efsh-20240930_def.xml (EX-101.DEF) — 433KB
- efsh-20240930_lab.xml (EX-101.LAB) — 790KB
- efsh-20240930_pre.xml (EX-101.PRE) — 445KB
- ea0220609-10q_1847hold_htm.xml (XML) — 2041KB
Financial Statements
Financial Statements 1 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 52 Item 4.
Controls and Procedures
Controls and Procedures 52 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 53 Item 1A.
Risk Factors
Risk Factors 53 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 Item 3. Defaults Upon Senior Securities 53 Item 4. Mine Safety Disclosures 53 Item 5. Other Information 53 Item 6. Exhibits 54 i PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS. 1847 HOLDINGS LLC UNAUDITED CONDENSED CONSOLIDATED FINANCIAL Page Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 2 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Shareholders' Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7 1 1847 HOLDINGS LLC CONDENSED CONSOLIDATED BALANCE SHEETS September 30, 2024 December 31, 2023 ASSETS (Unaudited) Current Assets Cash and cash equivalents $ 1,517,191 $ 673,445 Restricted cash 8,700,000 - Receivables, net 1,828,116 1,697,635 Contract assets 57,852 80,398 Inventories, net 684,895 1,395,026 Prepaid expenses and other current assets 703,059 771,364 Current assets of discontinued operations - 14,096,764 Total Current Assets 13,491,113 18,714,632 Property and equipment, net 743,235 1,062,327 Operating lease right-of-use assets 594,738 907,748 Long-term deposits 49,535 49,535 Intangible assets, net 2,017,091 2,205,323 Goodwill - 679,175 Non-current assets of discontinued operations - 15,749,457 TOTAL ASSETS $ 16,895,712 $ 39,368,197 LIABILITIES AND SHAREHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued expenses $ 4,957,013 $ 3,971,797 Contract liabilities 427,894 2,288,868 Due to related parties 193,762 193,762 Current portion of operating lease liabilities 436,253 435,280 Current portion of finance lease liabilities 179,489 172,152 Current portion of notes payable, net 11,288,901 2,481,783 Current portion of convertible n