1847 (EFSH) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 12, 2021
Document Information Line Items
Entity Registrant Name	1847 HOLDINGS LLC
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		4,842,851
Amendment Flag	false
Entity Central Index Key	0001599407
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56128
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	38-3922937
Entity Address, Address Line One	590 Madison Avenue
Entity Address, Address Line Two	21st Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	417-9800
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets
Cash	$ 973,172	$ 976,538
Restricted cash		403,811
Accounts receivable, net	2,114,337	525,625
Inventories, net	4,155,926	2,022,754
Contract assets	109,968	70,230
Prepaid expenses and other current assets	635,908	550,964
Discontinued operations – current assets		1,324,608
TOTAL CURRENT ASSETS	7,989,311	5,874,530
Investments	276,540	276,270
Property and equipment, net	562,235	398,503
Operating lease right-of-use assets	733,180	357,208
Goodwill	7,680,771	5,989,817
Intangible assets, net	5,270,816	3,885,467
Other assets	6,851	375
Discontinued operations – long-term assets		2,457,770
TOTAL ASSETS	22,519,704	19,239,940
CURRENT LIABILITIES
Accounts payable and accrued expenses	3,106,924	2,558,559
Current portion of operating lease liability	185,128	66,803
Advances, related party	193,761	190,192
Line of credit	1,296,309	301,081
Due to seller		33,630
Note payable – related party	56,900	56,900
Notes payable – current portion	917,003	429,183
Contract liabilities	10,580	77,403
Customer deposits	3,596,575	3,370,957
Discontinued operations – current liabilities		999,122
TOTAL CURRENT LIABILITIES	9,363,180	8,083,830
Operating lease liability – long term, net of current portion	552,285	291,183
Notes payable – long term, net of current portion	4,593,691	1,637,310
Deferred tax liability	285,000
Discontinued operations – long-term liabilities		5,981,467
TOTAL LIABILITIES	14,794,156	15,993,790
SHAREHOLDERS’ EQUITY
Allocation shares, 1,000 shares issued and outstanding	1,000	1,000
Series A convertible preferred stock, 4,450,460 and 2,632,278 outstanding as of September 30, 2021 and December 31, 2020, respectively	4,635,656	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 September 30, 2021 and December 31, 2020, respectively	4,843	4,444
Additional paid-in capital	19,949,403	17,005,491
Accumulated deficit	(13,987,670)	(13,856,973)
TOTAL 1847 HOLDINGS SHAREHOLDERS’ EQUITY	8,603,232	4,125,389
NON-CONTROLLING INTERESTS	(877,684)	(879,239)
TOTAL SHAREHOLDERS’ EQUITY	7,725,548	3,246,150
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 22,519,704	$ 19,239,940

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Allocation shares, issued	1,000	1,000
Allocation shares, outstanding	1,000	1,000
Common Shares, authorized	500,000,000	500,000,000
Common Shares, issued	4,842,851	4,444,013
Common Shares, outstanding	4,842,851	4,444,013
Series A Convertible Preferred Stock [Member]
Series A convertible preferred stock, outstanding (in Dollars)	$ 4,450,460	$ 2,632,278

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
REVENUES
Furniture and appliances	$ 3,145,955	$ 3,141,313	$ 9,762,939	$ 4,327,294
Construction	1,338,428		4,169,305
Automotive supplies	2,250,645		4,231,013
TOTAL REVENUE	6,735,028	3,141,313	18,163,257	4,327,294
OPERATING EXPENSES
Cost of sales	4,573,123	2,429,714	12,348,594	3,353,608
Personnel costs	876,991	216,904	2,198,231	298,187
Depreciation and amortization	299,477	59,376	547,655	62,919
General and administrative	1,844,979	693,556	4,519,504	1,565,666
TOTAL OPERATING EXPENSES	7,594,570	3,399,550	19,613,984	5,280,380
NET LOSS FROM OPERATIONS	(859,542)	(258,237)	(1,450,727)	(953,086)
OTHER INCOME (EXPENSE)
Gain on forgiveness of debt			360,302
Financing costs	(7,982)	(141,429)	(14,050)	(170,001)
Loss on extinguishment of debt		(286,350)	(757,792)	(286,350)
Gain on disposition of subsidiary			3,282,804
Other income/(expense)	14,424		10,885
Interest expense	(120,217)	(22,692)	(295,782)	(29,530)
TOTAL OTHER INCOME (EXPENSE)	(113,775)	(450,471)	2,586,367	(485,881)
NET INCOME (LOSS) BEFORE INCOME TAXES	(973,317)	(708,708)	1,135,640	(1,438,967)
INCOME TAX BENEFIT		82,000	21,900	97,000
NET INCOME (LOSS) AFTER TAXES	(973,317)	(626,708)	1,157,540	(1,341,967)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	(973,317)	(626,708)	1,157,540	(1,341,967)
NET LOSS FROM DISCONTINUED OPERATIONS
Income (loss) from discontinued operations before income taxes		(5,073,901)	240,405	(12,717,710)
Less provision for income taxes for discontinued operations		(873,176)		(2,309,929)
Net income (loss) from discontinued operations		(4,200,725)	240,405	(10,407,781)
Less net income (loss) from discontinued operations attributable to noncontrolling interests		(1,669,777)	108,182	(3,260,361)
Net income (loss) from discontinued operations attributable to 1847 Holdings common shareholders		(2,530,948)	132,223	(7,147,420)
NET INCOME (LOSS)	(973,317)	(3,157,656)	1,289,763	(8,489,387)
LESS NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	(65,008)	(233,897)	(106,628)	(669,811)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	(908,309)	(2,923,759)	1,396,391	(7,819,576)
PREFERRED STOCK ACCRUED DIVIDEND	314,093		813,481
DEEMED DIVIDEND RELATED TO ISSUANCE OF PREFERRED STOCK			1,527,086
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	$ (1,222,402)	$ (2,923,759)	$ (944,176)	$ (7,819,576)
Net income (loss) per common share from continuing operations: basic (in Dollars per share)	$ (0.2)	$ (0.17)	$ 0.25	$ (0.39)
Net income (loss) per common share from discontinued operations: basic (in Dollars per share)	0	(1.12)	0.67	(3.03)
Net income (loss) per common share: basic (in Dollars per share)	(0.25)	(0.78)	(0.82)	(2.27)
Net income (loss) per common share from continuing operations diluted (in Dollars per share)	(0.2)	(0.17)	0.14	(0.39)
Net income (loss) per common share from discontinued operations: diluted (in Dollars per share)	0	(1.12)	0.38	(3.03)
Net income (loss) per common share: diluted (in Dollars per share)	$ (0.25)	$ (0.08)	$ (0.82)	$ (2.27)
Weighted-average common shares outstanding: basic (in Shares)	4,842,851	3,735,235	4,718,671	3,440,115
Weighted-average common shares outstanding: dilutive (in Shares)	4,842,851	3,735,235	8,260,040	3,440,115

Consolidated Statements of Shar

Consolidated Statements of Shareholders’ Equity (Deficit) (Unaudited) - USD ($)	Allocation Shares	Preferred Shares	Goedeker Subscription Receivable	Common Shares	Additional Paid-In Capital	Accumulated Deficit	Non-Controlling Interest	Total
Balance at Dec. 31, 2019				$ 3,165	$ 442,014	$ (4,402,043)	$ (42,930)	$ (3,998,794)
Balance (in Shares) at Dec. 31, 2019	1,000			3,165,625
Net income (loss)						(1,372,297)	(738,185)	(2,110,482)
Balance at Mar. 31, 2020				$ 3,165	442,014	(5,774,340)	(781,115)	(6,109,276)
Balance (in Shares) at Mar. 31, 2020	1,000			3,165,625
Common shares issued in connection with acquisition				$ 415	1,037,085			1,037,500
Common shares issued in connection with acquisition (in Shares)				415,000
Common shares issued for service				$ 100	244,900			245,000
Common shares issued for service (in Shares)				100,000
Common shares issued upon partial conversion of convertible note payable				$ 100	274,900			275,000
Common shares issued upon partial conversion of convertible note payable (in Shares)				100,000
Warrants issued in connection with convertible note payable					448,211		118,500	566,711
Stock compensation					191,386			191,386
Net income (loss)						(3,542,702)	(1,269,137)	(4,811,839)
Balance at Jun. 30, 2020				$ 3,780	2,638,496	(9,317,042)	(1,931,752)	(8,605,518)
Balance (in Shares) at Jun. 30, 2020	1,000			3,780,625
Common shares issued in connection with acquisition				$ 700	3,674,300			3,675,000
Common shares issued in connection with acquisition (in Shares)				700,000
Issuance of warrants for services					87,550			87,550
Common shares issued upon warrant exercise				$ 230	62,270			62,500
Common shares issued upon warrant exercise (in Shares)				230,000
Common shares issued upon option exercise				$ 78	149,922			150,000
Common shares issued upon option exercise (in Shares)				77,500
Common shares issued upon partial conversion of convertible note payable				$ 50	99,950			100,000
Common shares issued upon partial conversion of convertible note payable (in Shares)				50,000
Purchase of common shares from seller shares, cancellation of common shares held in treasury and common share dividend to non-controlling interest				$ (394)	(693,314)	(57,442)		(751,150)
Purchase of common shares from seller shares, cancellation of common shares held in treasury and common share dividend to non-controlling interest (in Shares)				(394,112)
Series A senior convertible preferred shares		2,404,120	(4,160,686)		1,756,566
Non-controlling interest – Discontinued operations						8,205,721	2,904,583	11,110,304
Net income (loss)						(2,904,583)	(1,922,849)	(4,827,432)
Balance at Sep. 30, 2020		2,404,120	(4,160,686)	$ 4,444	7,775,740	(4,073,346)	(950,018)	1,001,254
Balance (in Shares) at Sep. 30, 2020	1,000			4,444,013
Balance at Dec. 31, 2020		$ 2,971,427	(2,000,000)	$ 4,444	17,005,491	(13,856,973)	(879,239)	3,246,150
Balance (in Shares) at Dec. 31, 2020	1,000	2,632,278		4,444,013
Issuance of preferred shares, net of fees		$ 1,527,086			3,000,000	(1,527,086)		3,000,000
Issuance of preferred shares, net of fees (in Shares)		1,818,182
Accrued dividend payable		$ 11,759			(188,709)			(176,950)
Issuance of common adjustment shares				$ 399	757,393			757,792
Issuance of common adjustment shares (in Shares)				398,838
Net income (loss)						(730,441)	54,959	(675,482)
Balance at Mar. 31, 2021		$ 4,510,272	(2,000,000)	$ 4,843	20,574,175	(16,114,500)	(824,280)	6,151,510
Balance (in Shares) at Mar. 31, 2021	1,000	4,450,460		4,842,851
Accrued dividend payable		$ 121,970			(310,679)			(188,709)
Net income (loss)						3,035,139	11,604	3,046,743
Balance at Jun. 30, 2021		$ 4,632,242	(2,000,000)	$ 4,843	20,263,496	(13,079,361)	(812,676)	9,009,544
Balance (in Shares) at Jun. 30, 2021	1,000	4,450,460		4,842,851
Accrued dividend payable		$ 3,414			(314,093)			(310,679)
Net income (loss)						(908,309)	(65,008)	(973,317)
Balance at Sep. 30, 2021		$ 4,635,656	$ (2,000,000)	$ 4,843	$ 19,949,403	$ (13,987,670)	$ (877,684)	$ 7,725,548
Balance (in Shares) at Sep. 30, 2021	1,000	4,450,460		4,842,851

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES
Net income (loss)	$ 1,289,763	$ (8,489,387)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Gain (loss) from discontinued operations	(132,223)	7,147,420
Gain on disposition of subsidiary	(3,282,804)
Gain on sale of property and equipment	(10,885)
Depreciation and amortization	547,656	62,662
Stock compensation		523,936
Amortization of right of use asset	90,322
Amortization of financing costs	27,537	250,994
Forgiveness of debt		286,350
Gain on forgiveness of PPP loans	(360,302)
Loss on adjustment shares	757,792
Changes in operating assets and liabilities:
Accounts receivable	271,395	144,600
Inventory	(141,543)	(297,242)
Prepaid expenses and other assets	126,464	(595,561)
Accounts payable and accrued expenses	439,723	684,457
Impact on lease liability	(86,867)
Change on contract liabilities	(106,561)
Deferred taxes	(40,000)	(159,800)
Customer deposits	225,618	632,040
Due to related parties	3,569	23,275
Net cash provided by (used in) operating activities from continuing operations	(381,346)	213,744
Net cash provided by operating activities from discontinued operations	(170,580)	7,741,709
Net cash provided by (used in) operating activities	(551,926)	7,955,453
INVESTING ACTIVITIES
Net cash acquired in (paid for) acquisitions		1,398,285
Cash paid for acquisition of Wolo, net of cash acquired	(5,378,346)
Purchase of property and equipment	(262,852)	(9,745)
Proceeds from sale of company assets	350,000
Net cash provided by (used in) investing activities from continuing operations	(5,291,198)	1,388,540
Net cash provided by (used in) investing activities from discontinued operations	644,303	(17,902)
Net cash provided by (used in) investing activities	(4,646,895)	1,370,638
FINANCING ACTIVITIES
Proceeds of notes payables	3,673,405
Proceeds (repayment) from lines of credit	995,228	(210,000)
Repayment of grid note		(62,500)
Payment to Wolo and Kyle’s seller	(977,685)
Payments on notes payable	(584,012)	(730,171)
Proceeds from issuance of preferred shares, net of costs	3,000,000	212,500
Dividend of repurchased shares	(676,339)
Financing fees	(165,230)	(25,054)
Net cash provided by (used in) financing activities from continuing operations	5,265,367	(815,225)
Net cash provided by (used in) financing activities from discontinued operations	(208,693)	4,807,116
Net cash provided by (used in) financing activities	5,056,674	3,991,891
NET CHANGE IN CASH AND RESTRICTED CASH – Continuing Operations	(407,177)	787,059
NET CHANGE IN CASH AND RESTRICTED CASH – Discontinuing Operations	265,030	12,530,923
CASH AND RESTRICTED CASH AVAILABLE – Discontinuing Operations	(265,030)	(12,530,923)
CASH AND RESTRICTED CASH – Continuing Operations
Beginning of period	1,380,349
End of period	$ 973,172	$ 787,059

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Sep. 30, 2021
Organization and Nature of Business [Abstarct]
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1—ORGANIZATION AND NATURE OF BUSINESS 1847 Holdings LLC (the “Company”) was formed under the laws of the State of Delaware on January 22, 2013. The Company is in the business of acquiring small businesses in a variety of different industries. On March 27, 2020, the Company and the Company’s wholly owned subsidiary 1847 Asien Inc., a Delaware corporation (“1847 Asien”), entered into a stock purchase agreement with Asien’s Appliance, Inc., a California corporation (“Asien’s”), and Joerg Christian Wilhelmsen and Susan Kay Wilhelmsen, as trustees of the Wilhelmsen Family Trust, U/D/T Dated May 1, 1992 (the “Asien’s Seller”), pursuant to which 1847 Asien acquired all of the issued and outstanding stock of Asien’s on May 28, 2020 (see Note 10). As a result of this transaction, the Company owns 95% of 1847 Asien, with the remaining 5% held by a third-party, and 1847 Asien owns 100% of Asien’s. On August 27, 2020, the Company and the Company’s wholly owned subsidiary 1847 Cabinet Inc., a Delaware corporation (“1847 Cabinet”), entered into a stock purchase agreement with Kyle’s Custom Wood Shop, Inc., an Idaho corporation (“Kyle’s”), and Stephen Mallatt, Jr. and Rita Mallatt (the “Kyle’s Sellers”), pursuant to which 1847 Cabinet acquired all of the issued and outstanding stock of Kyle’s on September 30, 2020 (see Note 10). As a result of this transaction, the Company owns 92.5% of 1847 Cabinet, with the remaining 7.5% held by a third-party, and 1847 Cabinet owns 100% of Kyle’s. On December 22, 2020, the Company and its wholly-owned subsidiary 1847 Wolo Inc. (“1847 Wolo”) entered into a stock purchase agreement with Wolo Mfg. Corp., a New York corporation (“Wolo Mfg”), and Wolo Industrial Horn & Signal, Inc., a New York corporation (“Wolo H&S”), and Barbara Solow and Stanley Solow (together, the “Wolo Sellers”), pursuant to which 1847 Wolo acquired all of the issued and outstanding stock of Wolo Mfg and Wolo H&S on March 30, 2021 (see Note 10). As a result of this transaction, the Company owns 92.5% of 1847 Wolo, with the remaining 7.5% held by a third-party, and 1847 Wolo owns 100% of Wolo Mfg and Wolo H&S. The Company previously owned two additional companies, 1847 Neese Inc. and 1847 Goedeker Inc. On March 3, 2017, the Company’s wholly owned subsidiary 1847 Neese Inc., a Delaware corporation (“1847 Neese”), entered into a stock purchase agreement with Neese, Inc., an Iowa corporation (“Neese”), and Alan Neese and Katherine Neese (the “Neese Sellers”), pursuant to which 1847 Neese acquired all of the issued and outstanding capital stock of Neese on March 3, 2017. As a result of this transaction, the Company owned 55% of 1847 Neese, with the remaining 45% held by the Neese Sellers. On April 19, 2021, the Company entered into a stock purchase agreement with the Neese Sellers, pursuant to which the Neese Sellers purchased the Company’s 55% ownership interest in 1847 Neese for a purchase price of $325,000 in cash (the “Neese Spin-Off”). As a result of the Neese Spin-Off, 1847 Neese is no longer a subsidiary of the Company. On January 10, 2019, the Company established 1847 Goedeker Inc. (“Goedeker”) as a wholly owned subsidiary in the State of Delaware in connection with the proposed acquisition of assets from Goedeker Television Co., a Missouri corporation (“Goedeker Television”). On March 20, 2019, the Company established 1847 Goedeker Holdco Inc. (“Holdco”) as a wholly owned subsidiary in the State of Delaware and subsequently transferred all of its shares in Goedeker to Holdco, such that Goedeker became a wholly owned subsidiary of Holdco. On January 18, 2019, Goedeker entered into an asset purchase agreement with Goedeker Television and Steve Goedeker and Mike Goedeker, pursuant to which Goedeker acquired substantially all of the assets of Goedeker Television used in its retail appliance and furniture business on April 5, 2019. As a result of this transaction, the Company owned 70% of Holdco, with the remaining 30% held by third parties, and Holdco owned 100% of Goedeker. On August 4, 2020, Holdco distributed all of its shares of Goedeker to its stockholders in accordance with their pro rata ownership in Holdco, after which time Holdco was dissolved. Following this transaction, and the closing of Goedeker’s initial public offering on August 4, 2020 (the “Goedeker IPO”), the Company owned approximately 54.41% of Goedeker. On October 23, 2020, the Company distributed all of the shares of Goedeker that it held to its shareholders (the “Goedeker Spin-Off”). As a result of the Goedeker Spin-Off, Goedeker is no longer a subsidiary of the Company. The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries, 1847 Asien, 1847 Cabinet, 1847 Wolo, Asien’s, Kyle’s, Wolo Mfg and Wolo H&S. All significant intercompany balances and transactions have been eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared without audit in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented in US dollars. The results of Goedeker are included within discontinued operations for three and nine months ended September 30, 2020. The results of 1847 Neese are included within discontinued operations for the nine months ended September 30, 2021 and for the three and nine months ended September 30, 2020. The Company retrospectively updated the consolidated financial statements as of December 31, 2020 and for the three and nine months ended September 30, 2020 to reflect this change. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months September 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the year ended December 31, 2020. Accounting Basis The Company uses the accrual basis of accounting and GAAP. The Company has adopted a calendar year end. Segment Reporting The Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 280, Segment Reporting The Retail and Appliances Segment is comprised of the business of Asien’s, which is based in Santa Rosa, CA, and provides a wide variety of appliance services including sales, delivery, installation, service and repair, extended warranties, and financing. The Construction Segment is comprised of the business of Kyle’s, which is based in Boise, ID, and provides a wide variety of construction services including custom design and build of kitchen and bathroom cabinetry, delivery, installation, service and repair, extended warranties, and financing. The Automotive Supplies Segment is comprised of the business of Wolo, which is based in Deer Park, NY, and designs and manufactures horn and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, financing activities and public company compliance. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Impact of COVID-19 The impact of COVID-19 on the Company’s business has been considered in management’s estimates and assumptions; however, it is too early to know the full impact of COVID-19 or its timing on a return to more normal operations. Further, the recently enacted Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) provides for economic assistance loans through the United States Small Business Administration (the “SBA”). On April 28, 2020, Asien’s received $357,500 in Paycheck Protection Program (“PPP”) loans from the SBA under the CARES Act. The PPP provides that the PPP loans may be partially or wholly forgiven if the funds are used for certain qualifying expenses as described in the CARES Act. Asien’s used the proceeds from the PPP loans for qualifying expenses and to applied for forgiveness of the PPP loans in accordance with the terms of the CARES Act. On February 16, 2021, Asien’s received notice from Exchange Bank that its loan had been forgiven in its entirety by the Small Business Administration (see Note 11). Reclassifications Certain Statements of Operations reclassifications have been made in the presentation of the Company’s prior financial statements and accompanying notes to conform to the presentation for the three and nine months ended September 30, 2021. The Company reclassified certain operating expense accounts in the Consolidated Statement of Operations. The reclassification had no impact on financial position, net income, or shareholder’s equity. Revenue Recognition and Cost of Revenue On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue Recognition Retail and Appliances Segment Asien’s collects 100% of the payment for special-order models including tax and 50% of the payment for non-special orders from the customer at the time the order is placed. Asien’s does not incur incremental costs obtaining purchase orders from customers, however, if Asien’s did, because all Asien’s contracts are less than a year in duration, any contract costs incurred would be expensed rather than capitalized. Performance Obligations – The revenue that Asien’s recognizes arises from orders it receives from customers. Asien’s performance obligations under the customer orders correspond to each sale of merchandise that it makes to customers under the purchase orders; as a result, each purchase order generally contains only one performance obligation based on the merchandise sale to be completed. Control of the delivery transfers to customers when the customer can direct the use of, and obtain substantially all the benefits from, Asien’s products, which generally occurs when the customer assumes the risk of loss. The transfer of control generally occurs at the point of pickup, shipment, or installation. Once this occurs, Asien’s has satisfied its performance obligation and Asien’s recognizes revenue. Transaction Price ‒ Asien’s agrees with customers on the selling price of each transaction. This transaction price is generally based on the agreed upon sales price. In Asien’s contracts with customers, it allocates the entire transaction price to the sales price, which is the basis for the determination of the relative standalone selling price allocated to each performance obligation. Any sales tax that Asien’s collects concurrently with revenue-producing activities are excluded from revenue. Cost of revenue includes the cost of purchased merchandise plus freight and any applicable delivery charges from the vendor to Asien’s. Substantially all Asien’s sales are to individual retail consumers (homeowners), builders and designers. The large majority of customers are homeowners and their contractors, with the homeowner being key in the final decisions. Asien’s has a diverse customer base with no one client accounting for more than 5% of total revenue. Customer deposits ‒ Asien’s records customer deposits when payments are received in advance of the delivery of the merchandise. Asien’s expects that substantially all of the customer deposits will be recognized within six months as the performance obligations are satisfied. Construction Segment Kyle’s generates revenues from providing cabinet design, construction and installation primary from cabinet-related products and supplies. Kyle’s provides cabinet design, construction and installation services to customers with both residential and commercial projects. A majority of Kyle’s contracts are recurring work from a builder team. Kyle’s will provide pricing and work with individual homeowners, designers and builders to determine pricing options and upgrades to the base proposed contact pricing. Performance Obligations – For substantially all landscaping construction contracts, Kyle’s recognizes revenue over time, as performance obligations are satisfied, on a percentage completion basis on a total project cost basis. Typical contacts will last approximately 4-6 weeks from start to the substantial completion of the project. Significant Judgments and Estimates – For cabinet construction contracts, measuring the percent completion on an individual project requires estimates obtained by discussions with field personnel. Estimates are also used in determining the total estimated total costs of a project. These estimates and assumptions are the best information management has at the time percent complete is calculated. Kyle’s employs the same estimation methodology on a quarterly basis. Accounts Receivable, Net – Accounts receivable, net, are amounts due from customers where there is an unconditional right to consideration. Contract assets and liabilities – Construction contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract liabilities consist of advance payments and billings in excess of revenue recognized. Automotive Supplies Segment Wolo designs and manufactures horn and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment and emergency vehicles. Focused on the automotive and industrial after-market, Wolo sells its products to big-box national retail chains, through specialty and industrial distributors, as well as on- line/mail order retailers and original equipment manufacturers. Wolo collects 100% of the payment for internet and phone orders, including tax, from the customer at the time the order is shipped. Customers placing orders with a purchase order through the EDI (Electronic Data Interface) are allowed to purchase on credit and make payment after receipt of product on the agreed upon terms. Performance Obligations – The revenue that Wolo recognizes arises from orders it receives from contracts with customers. Wolo’s performance obligations under the customer orders correspond to each sale of merchandise that it makes to customers and each order generally contains only one performance obligation based on the merchandise sale to be completed. Control of the delivery transfers to customers when the customer can direct the use of, and obtain substantially all the benefits from, Wolo’s products, which generally occurs when the customer assumes the risk of loss. The transfer of control generally occurs at the point of shipment of the order. Once this occurs, Wolo has satisfied its performance obligation and Wolo recognizes revenue. Transaction Price ‒ Wolo agrees with customers on the selling price of each transaction. This transaction price is generally based on the agreed upon sales price. In Wolo’s contracts with customers, it allocates the entire transaction price to the sales price, which is the basis for the determination of the relative standalone selling price allocated to each performance obligation. Any sales tax that Wolo collects concurrently with revenue-producing activities are excluded from revenue. Cost of sales includes the cost of purchased merchandise plus freight, warehouse salaries, tariffs, and any applicable delivery charges from the vendor to Wolo. Warranties vary and are typically 90 days to consumers and manufacturing defect warranty to are available to resellers. At times, depending on the product, Wolo can also offer a warranty up to 12 months. Receivables Receivables consist of credit card transactions in the process of settlement. Vendor rebates receivable represent amounts due from manufactures from whom the Company purchases products. Rebates receivable are stated at the amount that management expects to collect from manufacturers, net of accounts payable amounts due the vendor. Rebates are calculated on product and model sales programs from specific vendors. The rebates are paid at intermittent periods either in cash or through issuance of vendor credit memos, which can be applied against vendor accounts payable. Based on the Company’s assessment of the credit history with its manufacturers, it has concluded that there should be no allowance for uncollectible accounts. The Company historically collects substantially all of its outstanding rebates receivables. Uncollectible balances are expensed in the period it is determined to be uncollectible. Inventory For Asien’s, inventory mainly consists of appliances that are acquired for resale and is valued at the average cost determined on a specific item basis. Inventory also consists of parts that are used in service and repairs and may or may not be charged to the customer depending on warranty and contractual relationship. Kyle’s typically orders inventory on a job-by-job basis and those jobs are put into production within hours of being received. The inventory in production is accounted for in the contact assets and liabilities and follows the percentage completion methodology. Inventories consisting of materials and supplies are stated at lower of costs or market. Wolo’s inventory consists of finished goods acquired for resale and is valued at the weighted-average cost determined on a specific item basis. The Company periodically evaluates the value of items in inventory and provides write-downs to inventory based on its estimate of market conditions. The Company estimated an obsolescence allowance of $160,824 and $12,824 at September 30, 2021 and December 31, 2020, respectively. Property and Equipment Property and equipment is stated at historical cost less accumulated depreciation. Depreciation of furniture, vehicles and equipment is calculated using the straight-line method over the estimated useful lives as follows: Useful Life Building and Improvements 4 Machinery and Equipment 3-7 Trucks and Vehicles 3-6 Goodwill and Intangible Assets In applying the acquisition method of accounting, amounts assigned to identifiable assets and liabilities acquired were based on estimated fair values as of the date of acquisition, with the remainder recorded as goodwill. Identifiable intangible assets are initially recorded at fair value using generally accepted valuation methods appropriate for the type of intangible asset. Identifiable intangible assets with definite lives are amortized over their estimated useful lives and are reviewed for impairment if indicators of impairment arise. Intangible assets with indefinite lives are tested for impairment within one year of acquisitions or annually as of December 1, and whenever indicators of impairment exist. The fair value of intangible assets are compared with their carrying values, and an impairment loss would be recognized for the amount by which a carrying amount exceeds its fair value. Acquired identifiable intangible assets are amortized over the following periods: Acquired intangible Asset Amortization Basis Expected Life (years) Customer-Related Straight-line basis 5-15 Marketing-Related Straight-line basis 5 Long-Lived Assets The Company reviews its property and equipment and any identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The test for impairment is required to be performed by management at least annually. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted operating cash flow expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, certificates of deposit and amounts due to shareholders. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The three-level hierarchy is as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities. Level 2 – Observable market-based inputs or inputs that are corroborated by market data. Level 3 - Unobservable inputs that are not corroborated by market date. The Company’s held to maturity securities are comprised of certificates of deposit. Derivative Instrument Liability The Company accounts for derivative instruments in accordance with ASC 815, Derivatives and Hedging Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Stock-Based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation-Stock Compensation Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. As the Company had a net loss for the three ended September 30, 2021, potentially dilutive securities were excluded from diluted loss per share: 4,450,460 for outstanding warrants and 5,265,722 for principal and accrued interest of Series A convertible preferred shares. As the Company had a net income for the nine months ended September 30, 2021, the following potentially dilutive securities were included in diluted loss per share under the treasury method: 4,450,460 outstanding warrants and 5,265,722 for the conversion of Series A convertible preferred shares and cumulative dividends. As the Company had a net loss for the three and nine months ended September 30, 2020, the following 2,189,835 potentially dilutive securities were excluded from diluted loss per share: 2,189,835 for outstanding warrants. Leases ASC 842 requires recognition of leases on the consolidated balance sheets as right-of-use (“ROU”) assets and lease liabilities. ROU assets represent the Company’s right to use underlying assets for the lease terms and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value and future minimum lease payments over the lease term at commencement date. As the Company’s leases do not provide an implicit rate, the Company used its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. A number of the lease agreements contain options to renew and options to terminate the leases early. The lease term used to calculate ROU assets and lease liabilities only includes renewal and termination options that are deemed reasonably certain to be exercised. The Company recognized lease liabilities, with corresponding ROU assets, based on the present value of unpaid lease payments for existing operating leases longer than twelve months. The ROU assets were adjusted per ASC 842 transition guidance for existing lease-related balances of accrued and prepaid rent, and unamortized lease incentives provided by lessors. Operating lease cost is recognized as a single lease cost on a straight-line basis over the lease term and is recorded in selling, general and administrative expenses. Variable lease payments for common area maintenance, property taxes and other operating expenses are recognized as expense in the period when the changes in facts and circumstances on which the variable lease payments are based occur. The Company has elected not to separate lease and non-lease components for all property leases for the purposes of calculating ROU assets and lease liabilities. Going Concern Assessment Management assesses going concern uncertainty in the Company’s consolidated financial statements to determine whether there is sufficient cash on hand and working capital, including available borrowings on loans, to operate for a period of at least one year from the date the unaudited consolidated financial statements are issued or available to be issued, which is referred to as the “look-forward period”, as defined in GAAP. As part of this assessment, based on conditions that are known and reasonably knowable to management, management will consider various scenarios, forecasts, projections, estimates and will make certain key assumptions, including the timing and nature of projected cash expenditures or programs, its ability to delay or curtail expenditures or programs and its ability to raise additional capital, if necessary, among other factors. Based on this assessment, as necessary or applicable, management makes certain assumptions around implementing curtailments or delays in the nature and timing of programs and expenditures to the extent it deems probable those implementations can be achieved and management has the proper authority to execute them within the look-forward period. The Company has generated operating losses since its inception and has relied on cash on hand, sales of securities, external bank lines of credit, and issuance of third-party and related party debt to support cashflow from operations. For the nine months ended September 30, 2021, the Company incurred operating losses of $1,450,727 (before deducting losses attributable to non-controlling interests and excluding the loss of discontinued operations and gain on the disposition of subsidiary), cash flows used in operations of $381,346 (excluding the cashflow from discontinued operations) and negative working capital of $1,373,869 (excluding the negative working capital from discontinued operations). On October 8, 2021, the Company and each of its subsidiaries 1847 Asien, 1847 Wolo, 1847 Cabinet, Asien’s, Wolo Mfg, Wolo H&S, Kyle’s, High Mountain and Sierra Homes, entered into a note purchase agreement with two institutional investors, pursuant to which the Company issued to these purchasers secured convertible promissory notes in the aggregate principal amount of $24,860,000. The notes contain an aggregate original issue discount of $497,200. As a result, the total purchase price was $24,362,800. After payment of expenses of $742,825, the Company received net proceeds of $23,619,975, of which $10,687,500 was used to fund the cash portion of the purchase price for the acquisition of High Mountain and Sierra Homes (see Note 18). Management has prepared estimates of operations for fiscal year 2022 and believes that sufficient funds will be generated from operations to fund its operations and to service its debt obligations for one year from the date of the filing of the unaudited consolidated financial statements in the Company’s Quarterly Report on Form 10-Q, which indicate improved operations and the Company’s ability to continue operations as a going concern. The impact of COVID-19 on the Company’s business has been considered in these assumptions; however, it is too early to know the full impact of COVID-19 or its timing on a return to more normal operations. Further, the recently enacted CARES Act provides for economic assistance loans through the SBA. On April 28, 2020, Asien’s received $357,500 in PPP loans from the SBA under the CARES Act. The PPP provides that the PPP loans may be partially or wholly forgiven if the funds are used for certain qualifying expenses as described in the CARES Act. Asien’s used the proceeds from the PPP loans for qualifying expenses and to applied for forgiveness of the PPP loans in accordance with the terms of the CARES Act. On February 16, 2021, Asien’s received notice from Exchange Bank that its loan had been forgiven in its entirety by the SBA. The accompanying unaudited consolidated financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize its assets and satisfy its liabilities in the normal course of business. Management believes that based on relevant conditions and events that are known and reasonably knowable that its forecasts for one year from the date of the filing of the unaudited consolidated financial statements in the Company’s Quarterly Report on Form 10-Q indicate improved operations and the Company’s ability to continue operations as a going concern. The Company has contingency plans to reduce or defer expenses and cash outlays should operations not improve in the look forward period. Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment. In June 2016, the FASB issued ASU 2016-13 Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2021
Business Segments [Abstract]
BUSINESS SEGMENTS	NOTE 3—BUSINESS SEGMENTS Summarized financial information concerning the Company’s reportable segments for the three months ended September 30, 2021 and 2020 is presented below. Three Months Ended September 30, 2021 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 3,145,955 $ - $ - $ - $ 3,145,955 Construction - 1,338,428 - - 1,338,428 Automotive supplies - - 2,250,645 - 2,250,645 Total Revenue 3,145,955 1,338,428 2,250,645 - 6,735,028 Total cost of sales 2,300,664 805,513 1,466,946 - 4,573,123 Total operating expenses 683,110 612,880 1,249,778 475,679 3,021,447 Income (loss) from operations $ 162,181 $ (79,965 ) $ (466,079 ) $ (475,679 ) $ (859,542 ) Three Months Ended September 30, 2020 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 3,141,313 $ - $ - $ - $ 3,141,313 Construction - - - - - Automotive supplies - - - - - Total Revenue 3,141,313 - - - 3,141,313 Total cost of sales 2,429,714 - - - 2,429,714 Total operating expenses 843,000 - - 126,836 969,836 Loss from operations $ (131,401 ) $ - $ - $ (126,836 ) $ (258,237 ) Summarized financial information concerning the Company’s reportable segments for the nine months ended September 30, 2021 and 2020 is presented below. Nine Months Ended September 30, 2021 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 9,762,939 $ - $ - $ - $ 9,762,939 Construction - 4,169,305 - - 4,169,305 Automotive supplies - - 4,231,013 - 4,231,013 Total Revenue 9,762,939 4,169,305 4,231,013 - 18,163,257 Total cost of sales 7,409,913 2,280,009 2,658,672 - 12,348,594 Total operating expenses 2,095,280 1,687,998 2,509,008 973,105 7,265,391 Income (loss) from operations $ 257,746 $ 201,298 $ (936,667 ) $ (973,105 ) $ (1,450,728 ) Nine Months Ended September 30, 2020 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 4,327,294 $ - $ - $ - $ 4,327,294 Construction - - - - - Automotive supplies - - - - - Total Revenue 4,327,294 - - - 4,327,294 Total cost of sales 3,353,608 - - - 3,353,608 Total operating expenses 1,278,284 - - 648,488 1,926,772 Loss from operations $ (304,598 ) $ - $ - $ (648,488 ) $ (953,086 )

Cash Equivalents and Investment

Cash Equivalents and Investments	9 Months Ended
	Sep. 30, 2021
Cash and Cash Equivalents [Abstract]
CASH EQUIVALENTS AND INVESTMENTS	NOTE 4—CASH EQUIVALENTS AND INVESTMENTS September 30, December 31, Cash and cash equivalents Operating accounts $ 973,172 $ 976,538 Restricted accounts - 403,811 Subtotal $ 973,172 $ 1,380,349 Held to Maturity Investments Restricted accounts - certificates of deposit (4 – 24-month maturities, FDIC insured) $ 276,540 $ 276,270 Subtotal $ 276,540 $ 276,270 TOTAL $ 1,249,713 $ 1,656,619

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 5—DISCONTINUED OPERATIONS ASC 360-10-45-9 requires that a long-lived asset (disposal group) to be sold shall be classified as held for sale in the period in which a set of criteria have been met, including criteria that the sale of the asset (disposal group) is probable, and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. For the Goedeker Spin-Off, these criteria were achieved on September 10, 2020, when the board approved the Goedeker Spin-Off and subsequently on October 23, 2020, when the Company completed the Goedeker Spin-Off. These criteria were achieved in March 2021 for the Neese Spin-Off. The discontinued operations as of December 31, 2020 and for the nine months ended September 30, 2021 are comprised entirely of the business of Neese. The discontinued operations for the three and nine months ended September 30, 2020 are comprised of the businesses of Neese and Goedeker. For comparability purposes, certain prior period line items relating to the assets held for sale have been reclassified and presented as discontinued operations for all periods presented in the accompanying consolidated statements of operations, consolidated statements of cash flows, and the consolidated balance sheets. In accordance with ASC 205-20-S99, Allocation of Interest to Discontinued Operations The following information presents the major classes of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets as of December 31, 2020: December 31, Current Assets – discontinued operations: Cash $ 416,831 Accounts receivable, net 334,095 Inventories, net 305,080 Prepaid expenses and other current assets 268,602 Total current assets – discontinued operations 1,324,608 Noncurrent Assets – discontinued operations: Property and equipment, net 1,925,844 Operating lease right of use assets 501,827 Goodwill 22,166 Intangible assets, net 7,933 Total noncurrent assets $ 2,457,770 Current liabilities – discontinued operations: Accounts payable and accrued expenses $ 484,852 Current portion of operating lease liability 67,725 Notes payable – current portion 446,545 Total current liabilities – discontinued operations 999,122 Long term liabilities – discontinued operations: Notes payable – long term, net of current portion 4,187,376 Accrued expenses – long term, related party 1,359,989 Financing lease liability, net of current portion 434,102 Total long term liabilities – discontinued operations $ 5,981,467 The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations for the nine months ended September 30, 2021 and 2020 and for the three months ended September 30, 2020: Nine Months Ended Nine Months Ended Three Months REVENUES Services $ 612,862 $ 1,853,721 $ 640,695 Sales of parts and equipment 324,189 2,053,964 1,448,917 Furniture and appliances - 38,397,306 13,435,098 TOTAL REVENUE 937,051 42,304,991 15,524,710 OPERATING EXPENSES Cost of sales 298,050 33,913,519 12,588,302 Personnel costs 485,774 5,780,986 2,571,387 Depreciation and amortization 360,746 1,213,102 405,499 Fuel 112,746 275,368 89,169 General and administrative 290,872 7,407,433 3,315,868 TOTAL OPERATING EXPENSES 1,548,188 48,590,408 18,970,226 LOSS FROM OPERATIONS (611,137 ) (6,285,417 ) (3,445,516 ) OTHER INCOME (EXPENSE) Financing costs and loss on early extinguishment of debt (320 ) (2,646,757 ) (508,943 ) Gain on forgiveness of debt 380,247 - (903,570 ) Gain on sale of assets 548,723 54,748 16,981 Loss on acquisition receivable - (809,000 ) - Change in warrant liability - (2,127,656 ) - Interest expense (78,308 ) (913,028 ) (235,927 ) Other income (expense) 1,200 9,400 3,075 TOTAL OTHER INCOME (EXPENSE) 851,542 (6,432,293 ) (1,628,384 ) NET LOSS BEFORE INCOME TAXES 240,405 (12,717,710 ) (5,073,900 ) INCOME TAX BENEFIT - (2,309,929 ) (873,176 ) NET INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS 240,405 (10,407,780 ) (4,200,724 ) LESS NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 108,182 (3,260,361 ) (1,669,777 ) NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS $ 132,223 $ (7,147,420 ) $ (2,530,948 ) The following information presents the major classes of line items constituting significant operating, investing and financing cash flow activities in the unaudited consolidated statements of cash flows relating to discontinued operations: Nine Months Ended 2021 2020 Cash flows from operating activities of discontinued operations: Net Income (Loss) $ 240,405 $ (10,407,780 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities of discontinued operations: Depreciation and amortization 360,746 1,213,357 Amortization of financing costs and warrant features 2,187 841,305 Stock compensation - 281,194 Amortization of operating lease right-of-use assets 19,007 47,033 Gain on forgiveness of PPP loans (380,247 ) - Loss on extinguishment of debt - 1,699,463 Gain on sale of equipment (548,723 ) (54,748 ) Change in fair value of warrant liability - 2,127,656 Write-off of acquisition receivable - 809,000 Changes in operating assets and liabilities: Accounts receivable 10,698 637,776 Inventory (161,286 ) (2,239,997 ) Prepaid expenses and other assets 49,222 (873,580 ) Accounts payable and accrued expenses 118,980 2,656,694 Change in operating lease ROU assets - 314,332 Operating lease liability (19,007 ) (361,365 ) Vendor deposits - (252,688 ) Deposits - 12,925,530 Customer deposits - (1,962,129 ) Accrued expense long-term 137,438 340,656 Net cash used in operating activities from discontinued operations $ (170,580 ) $ 7,741,709 Cash flows from investing activities in discontinued operations: Proceeds from sale of equipment $ 675,000 $ 49,494 Purchase of equipment (30,697 ) (67,396 ) Net cash provided by (used in) investing activities in discontinued operations $ 644,303 $ (17,902 ) Cash flows from financing activities in discontinued operations: Proceeds from initial public offering - 8,602,166 Proceeds from note payable $ 380,385 $ 1,612,297 Repayments of notes payable (589,078 ) (2,432,337 ) Payments on convertible notes payable - (771,431 ) Repayment of floor plan - (10,581 ) Net borrowings from lines of credit - (1,339,430 ) Financing fees - (219,110 ) Repayment of financing lease - (634,458 ) Net cash used in financing activities in discontinued operations $ (208,693 ) $ 4,807,116 The following are the financial instruments of the discontinued operations: Lines of Credit Burnley Capital LLC On April 5, 2019, Goedeker, as borrower, and Holdco entered into a loan and security agreement with Burnley Capital LLC (“Burnley”) for revolving loans in an aggregate principal amount that will not exceed the lesser of (i) the borrowing base (as defined in the loan and security agreement) or (ii) $1,500,000 minus reserves established Burnley at any time in accordance with the loan and security agreement. In connection with the closing of the acquisition of Goedeker Television on April 5, 2019, Goedeker borrowed $744,000 under the loan and security agreement and issued a revolving note to Burnley in the principal amount of up to $1,500,000. As of December 31, 2019, the balance of the line of credit was $571,997. On August 4, 2020, Goedeker used a portion of the proceeds from its initial public offering (the “Goedeker IPO”) to repay the revolving note in full and the loan and security agreement was terminated. The total payoff amount was $118,194, consisting of principal of $32,350, interest of $42 and prepayment, legal, and other fees of $85,802. Northpoint Commercial Finance LLC On June 24, 2019, Goedeker entered into a loan and security agreement with Northpoint Commercial Finance LLC, which was amended on August 2, 2019, for revolving loans up to an aggregate maximum loan amount of $1,000,000 for the acquisition, financing or refinancing by Goedeker of inventory at an interest rate of LIBOR plus 7.99%. As of December 31, 2019, the balance of the line of credit was $678,993. Goedeker terminated the loan and security agreement on May 18, 2020. Home State Bank On June 13, 2018, Neese entered into a term loan agreement with Home State Bank, pursuant to which Neese issued a promissory note to Home State Bank in the principal amount of $3,654,074 with an annual interest rate of 6.85% and with covenants to maintain a minimum debt coverage ratio of 1.00 to 1.25 measured at December 31, 2020. Neese met this covenant for the year ended December 31, 2020. On July 30, 2020, Neese entered into a change in terms agreement with Home State Bank to amend the terms of the term loan. Pursuant to the change in terms agreement: (i) the maturity date was extended to July 30, 2022; (ii) the interest rate was changed to 5.50%; (iii) Neese agreed to pay accrued interest in the amount of $95,970; (iv) Neese agreed to make payments of $30,000 beginning on September 30, 2020 and continuing thereafter on a monthly basis until maturity, at which time a final interest payment is due; (v) Neese agreed to make a payment of $260,000 on December 30, 2020 and December 30, 2021; (vi) Neese agreed to make two new advances under the note in the amounts $51,068 and $517,529 to repay in full Neese’s capital lease transactions due to Utica Leaseco LLC described below; (vii) Neese agreed to pay a loan fee of $17,500; and (viii) Home State Bank agreed to make a loan advance to checking for $17,500. The balance of the note amounts to $3,225,321, comprised of principal of $3,239,176, net of unamortized debt discount of $13,855 as of December 31, 2020. If Neese sells property, plant, and equipment securing the loan, it must remit the appraised value of the equipment to Home State Bank. During the nine months ended September 30, 2021 and 2020, $400,000 and $145,690, respectively, was remitted to Home State Bank pursuant to this requirement. Notes Payable and Warrant Liability Arvest Loan On August 25, 2020, Goedeker entered into a promissory note and security agreement with Arvest Bank for a loan in the principal amount of $3,500,000. As of October 23, 2020, the outstanding balance of this loan is $3,340,602, comprised of principal of $3,446,126, net of unamortized loan costs of $103,524. PPP Loan On April 8, 2020, Goedeker received a $642,600 PPP loan from the SBA under the provisions of the CARES Act. The PPP loan had an 18-month term and bore interest at a rate of 1.0% per annum. Monthly principal and interest payments were deferred for six months after the date of disbursement. The PPP provides that the loan could be partially or wholly forgiven if the funds were used for certain qualifying expenses as described in the CARES Act. The balance of the PPP loan was $642,600 as of September 30, 2020 and was classified as a current liability. On November 2, 2020, Goedeker repaid the PPP loan. Small Business Community Capital II, L.P. On April 5, 2019, Goedeker, as borrower, and Holdco entered into a loan and security agreement with Small Business Community Capital II, L.P. (“SBCC”) for a term loan in the principal amount of $1,500,000, pursuant to which Goedeker issued to SBCC a term note in the principal amount of up to $1,500,000 and a ten-year warrant to purchase shares of the most senior capital stock of Goedeker equal to 5.0% of the outstanding equity securities of Goedeker on a fully-diluted basis for an aggregate price equal to $100. As of December 31, 2019, the balance of the note was $999,201. On August 4, 2020, Goedeker used a portion of the proceeds from the Goedeker IPO to repay the term note in full and the loan and security agreement was terminated. The total payoff amount was $1,122,412 consisting of principal of $1,066,640, interest of $11,773 and prepayment, legal, and other fees of $43,999. Goedeker classified the warrant as a derivative liability on the balance sheet at June 30, 2020 of $2,250,000 based on the estimated value of the warrant in the Goedeker IPO. The increase in the value of the warrant from the estimated value of $122,344 at December 31, 2020 resulted in a charge of $2,127,656 during the period January 1, 2020 through October 23, 2020 (date of distribution). Immediately prior to the closing of the Goedeker IPO on August 4, 2020, SBCC converted the warrant into 250,000 shares of common stock. 10% Promissory Note A portion of the purchase price for the acquisition of Neese was paid by the issuance of a promissory note in the principal amount of $1,025,000 by 1847 Neese and Neese to the Neese Sellers. The note bears interest on the outstanding principal amount at the rate of ten percent (10%) per annum and was due and payable in full on March 3, 2018. The note is unsecured and contains customary events of default. The note has not been repaid, so the Company is in default under this note. Under terms of the term loan with Home State Bank described above, this note may not be paid until the term loan is paid in full. The payees on the note agreed to the modification of its terms by signing the loan agreement for the Home State Bank term loan. Accordingly, the loan is shown as a long-term liability as of December 31, 2020. Additionally, Home State Bank limits the payment of interest on this note to $40,000 annually. The Company continued to accrue interest at the contract rate; however, given the limitations of the term loan, all accrued interest in excess of $40,000 is included in long-term accrued expenses. Notes Payable, Related Parties A portion of the purchase price for the acquisition of Goedeker Television was paid by the issuance by Goedeker to Steve Goedeker, as representative of Goedeker Television, of a 9% subordinated promissory note in the principal amount of $4,100,000. As of December 31, 2019, the balance of the note was $3,300,444. Pursuant to a settlement agreement, the parties entered into an amendment and restatement of the note that became effective as of the closing of the Goedeker IPO on August 4, 2020, pursuant to which (i) the principal amount of the existing note was increased by $250,000, (ii) upon the closing of the Goedeker IPO, Goedeker agreed to make all payments of principal and interest due under the note through the date of the closing, and (iii) from and after the closing, the interest rate of the note was increased from 9% to 12%. In accordance with the terms of the amended and restated note, Goedeker used a portion of the proceeds from the Goedeker IPO to pay $1,083,842 of the balance of the note representing a $696,204 reduction in the principal balance and interest accrued through August 4, 2020 of $387,638. In August 2020, Goedeker refinanced this note payable with proceeds from a loan from Arvest Bank. In connection with the refinance, Goedeker recorded a $757,239 loss on extinguishment of debt consisting of a $250,000 forbearance fee, write-off of unamortized loan discount of $338,873, and write-off of unamortized debt costs of $168,366. Convertible Promissory Note On April 5, 2019, the Company, Holdco and Goedeker entered into a securities purchase agreement with Leonite Capital LLC, a Delaware limited liability company, pursuant to which they issued to Leonite Capital LLC a secured convertible promissory note in the aggregate principal amount of $714,286 due April 5, 2020. See Note 12 for further details of the convertible promissory note. Financing Lease The cash portion of the purchase price for the acquisition of Neese was financed under a capital lease transaction for Neese’s equipment with Utica Leaseco, LLC (“Utica”), pursuant to a master lease agreement, dated March 3, 2017, between Utica, as lessor, and 1847 Neese and Neese, as co-lessees (collectively, the “Lessee”), which was amended on June 14, 2017. Under the master lease agreement, as amended, Utica loaned an aggregate of $3,240,000 for certain of Neese’s equipment listed therein, which it leases to the Lessee. A portion of the proceeds from the term loan from Home State Bank were applied to reduce the balance of this lease to $475,000. The lease was payable in 46 payments of $12,882 beginning July 3, 2018 and an end-of-term buyout of $38,000. On October 31, 2017, the parties entered into a second equipment schedule to the master lease agreement, pursuant to which Utica loaned an aggregate of $980,000 for certain of Neese’s equipment listed therein. The term of the second equipment schedule was 51 months and agreed monthly payments are $25,807. On July 29, 2020, the Company paid $568,597 to repay this capital lease transaction with Utica in full.

Accounts Receivables

Accounts Receivables	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLES	NOTE 6—ACCOUNTS RECEIVABLES At September 30, 2021 and December 31, 2020, receivables consisted of the following: September 30, December 31, Credit card payments in process of settlement $ 137,489 $ 158,924 Trade receivables from customers 1,976,848 366,701 Total receivables 2,114,337 525,625 Allowance for doubtful accounts - - Accounts receivable, net $ 2,114,337 $ 525,625

Inventories

Inventories	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 7—INVENTORIES At September 30, 2021 and December 31, 2020, the inventory balances are composed of parts and components consisting of materials and parts used in construction and the appliances and automotive are finished goods for sale. September 30, December 31, Parts and components $ 24,554 $ 6,308 Appliances 1,974,708 2,029,270 Automotive 2,317,488 - Subtotal 4,316,750 2,035,578 Allowance for inventory obsolescence (160,824 ) (12,824 ) Inventories, net $ 4,155,926 $ 2,022,754

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 8—PROPERTY AND EQUIPMENT Property and equipment consist of the following at September 30, 2021 and December 31, 2020: Classification September 30, December 31, Buildings and improvements $ 241,225 $ 42,601 Equipment and machinery 69,011 173,792 Trucks and other vehicles 365,552 213,850 Total 675,788 430,243 Less: Accumulated depreciation (113,553 ) (31,740 ) Property and equipment, net $ 562,235 $ 398,503 Depreciation expense for the nine months ended September 30, 2021 and 2020 was $85,005 and $16,183, respectively.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 9—INTANGIBLE ASSETS The following provides a breakdown of identifiable intangible assets as of September 30, 2021 and December 31, 2020: September 30, December 31, Customer Relationships Identifiable intangible assets $ 3,422,000 $ 3,189,000 Accumulated amortization (230,636 ) (63,419 ) Customer relationship identifiable intangible assets, net 3,191,364 3,125,581 Marketing Related Identifiable intangible assets 1,833,000 841,000 Accumulated amortization (314,250 ) (81,114 ) Marketing related identifiable intangible assets, net 1,518,750 759,886 Technology Related Identifiable intangible assets 623,000 - Accumulated amortization (62,298 ) - Technology related identifiable intangible assets, net 560,702 - Total Identifiable intangible assets, net $ 5,270,816 $ 3,885,467 In connection with the acquisitions of Asien’s, Kyle’s and Wolo, the Company identified intangible assets of $1,009,000, $3,021,000 and $1,848,000, respectively, representing trade names, customer relationships and technology. These assets are being amortized on a straight-line basis over their weighted average estimated useful life of 10.3 years and amortization expense amounted to $462,651 and $46,736 for the nine months ended September 30, 2021 and 2020, respectively. As of September 30, 2021, the estimated annual amortization expense for each of the next five fiscal years is as follows: 2021 (remainder) $ 182,427 2022 729,708 2023 729,708 2024 729,678 2025 596,529 Thereafter 2,302,766 Total $ 5,270,816

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
ACQUISITIONS	NOTE 10—ACQUISITIONS Asien’s On March 27, 2020, the Company and 1847 Asien entered into a stock purchase agreement with the Asien’s Seller, pursuant to which 1847 Asien agreed to acquire all of the issued and outstanding capital stock of Asien’s. The Company acquired Asien’s, which provides a wide variety of appliance services, including sales, delivery/installation, in-home service and repair, extended warranties, and financing in the North Bay area of Sonoma County, California, to expand into the appliance industry. On May 28 , The aggregate purchase price was $1,918,000 consisting of: (i) $233,000 in cash; (ii) the issuance of an amortizing promissory note in the principal amount of $200,000; (iii) the issuance of a demand promissory note in the principal amount of $655,000; and (iv) 415,000 common shares of the Company, having a mutually agreed upon value of $830,000 and a fair value of $1,037,500, which may be repurchased by 1847 Asien for a period of one year following the closing at a purchase price of $2.50 per share. The shares were repurchased by 1847 Asien on July 29, 2020 in exchange for a 6% amortizing promissory note (See Note 11). The fair value of the purchase consideration issued to the Asien’s Seller was allocated to the net tangible assets acquired. The Company accounted for the Asien’s Acquisition as the purchase of a business under GAAP under the acquisition method of accounting, and the assets and liabilities acquired were recorded as of the acquisition date, at their respective fair values and consolidated with those of the Company. The fair value of the net assets acquired was approximately $1,171,272. The excess of the aggregate fair value of the net tangible assets has been allocated to goodwill. The table below shows analysis for the Asien’s Acquisition: Purchase Consideration at fair value: Common shares $ 1,037,500 Notes payable 855,000 Cash paid to Seller (post closing) 233,000 Amount of consideration $ 2,125,500 Assets acquired and liabilities assumed at fair value Cash $ 1,501,285 Accounts receivable 235,746 Inventories 1,457,489 Other current assets 41,427 Property and equipment 157,052 Customer related intangibles 462,000 Marketing related intangibles 547,000 Accounts payable and accrued expenses (280,752 ) Customer deposits (2,405,703 ) Notes payable (509,272 ) Other liabilities (23,347 ) Net assets acquired $ 1,182,925 Total net assets acquired $ 1,182,925 Consideration paid 2,125,500 Goodwill $ 942,575 The estimated useful life remaining on the property and equipment acquired is 5 to 13 years. Kyle’s On August 27, 2020, the Company and 1847 Cabinet entered into a stock purchase agreement with Kyle’s and the Kyle’s Sellers, pursuant to which 1847 Cabinet agreed to acquire all of issued and outstanding capital stock of Kyle’s. The Company acquired Kyle’s, a leading custom cabinetry maker servicing contractors and homeowners in Boise, Idaho, to expand into contracting services. On September 30, 2020, the Company, 1847 Cabinet, Kyle’s and the Kyle’s Sellers entered into addendum to the stock purchase and closing of the acquisition of all of the issued and outstanding capital stock of Kyle’s was completed (the “Kyle’s Acquisition”). The aggregate purchase price was $6,839,792, consisting of (i) $4,389,792 in cash, (ii) an 8% contingent subordinated note in the aggregate principal amount of $1,050,000 and (iii) 700,000 common shares of the Company, having a mutually agreed upon value of $1,400,000 and a fair value of $3,675,000. The shares were issued on October 16, 2020, immediately following the record date for the Goedeker Spin-Off described above. The fair value of the purchase consideration issued to the Kyle’s Sellers was allocated to the net tangible assets acquired. The Company accounted for the Kyle’s Acquisition as the purchase of a business under GAAP under the acquisition method of accounting, and the assets and liabilities acquired were recorded as of the acquisition date, at their respective fair values and consolidated with those of the Company. The fair value of the net assets acquired was approximately $527,618. The excess of the aggregate fair value of the net tangible assets has been allocated to goodwill. The table below shows an analysis for the Kyle’s Acquisition: Purchase consideration at fair value: Common shares $ 3,675,000 Notes payable 498,979 Cash 4,389,792 Amount of consideration $ 8,563,771 Assets acquired and liabilities assumed at fair value Cash $ 130,000 Accounts receivable 385,095 Costs in excess of billings 122,016 Other current assets 13,707 Property and equipment 200,737 Customer related intangibles 2,727,000 Marketing related intangibles 294,000 Accounts payable and accrued expenses (263,597 ) Billings in excess of costs (43,428 ) Other liabilities (49,000 ) Net tangible assets acquired $ 3,516,530 Total net assets acquired $ 3,516,530 Consideration paid 8,563,771 Goodwill $ 5,047,241 The estimated useful life remaining on the property and equipment acquired is 3 to 7 years. Wolo On December 22, 2020, the Company 1847 Wolo entered into a stock purchase agreement with Wolo and the Wolo Sellers, pursuant to which 1847 Wolo agreed to acquire all of the issued and outstanding capital stock of Wolo. On March 30, 2021, the Company, 1847 Wolo, Wolo and the Wolo Sellers entered into amendment No. 1 to the stock purchase agreement and closing of the acquisition of all of the issued and outstanding capital stock of Wolo was completed (the “Wolo Acquisition”). The aggregate purchase price was $8,344,055, consisting of (i) $6,550,000 in cash, (ii) a 6% secured promissory note in the aggregate principal amount of $850,000 and (iii) cash paid to seller, net of working capital adjustment, of $944,055. The provisional fair value of the purchase consideration issued to the Wolo Sellers was allocated to the net tangible assets acquired. The Company accounted for the Wolo Acquisition as the purchase of a business under GAAP under the acquisition method of accounting, and the assets and liabilities acquired were recorded as of the acquisition date, at their respective fair values and consolidated with those of the Company. The fair value of the net assets acquired was approximately $6,653,102. The excess of the aggregate fair value of the net tangible assets has been allocated to goodwill. The Company is currently in the process of completing the preliminary purchase price allocation as an acquisition of certain assets. The final purchase price allocation for Wolo will be included in the Company’s financial statements in future periods. The table below shows a preliminary analysis for the Wolo Acquisition: Purchase consideration at preliminary fair value: Notes payable $ 850,000 Cash 6,550,000 Net cash paid to Seller (post closing) 944,055 Amount of consideration $ 8,344,055 Assets acquired and liabilities assumed at preliminary fair value Cash $ 1,171,654 Accounts receivable 1,860,107 Inventory 1,991,629 Customer related intangibles 233,000 Marketing related intangibles 992,000 Technology related intangibles 623,000 Other current assets 218,154 Deferred tax liability (325,000 ) Accounts payable and accrued expenses (111,442 ) Net tangible assets acquired $ 6,653,102 Total net assets acquired $ 8,344,055 Consideration paid 6,653,102 Preliminary Goodwill $ 1,690,953 Proforma The following unaudited proforma results of operations are presented for information purposes only. The unaudited proforma results of operations are not intended to present actual results that would have been attained had the Asien’s Acquisition, the Kyle’s Acquisition and the Wolo Acquisition been completed as of January 1, 2020 or to project potential operating results as of any future date or for any future periods. The revenue and net loss before non-controlling interest of Asien’s from May 29, 2020 through September 30, 2020 included in the consolidated income statement amounted to approximately $4,327,294 and $496,859, respectively. The revenue and net loss before non-controlling interest of Wolo from April 1, 2021 through September 30, 2021 included in the consolidated income statement amounted to approximately $4,072,303 and $1,363,331, respectively. The unaudited proforma results of operations also removes the effect of Goedeker and Neese as if they had been disposed of on January 1, 2020. Nine Months Ended 2021 2020 Revenues, net $ 20,521,944 $ 17,163,879 Net income (loss) $ (1,794,399 ) $ (671,350 ) Basic earnings (loss) per share $ (0.38 ) $ (0.16 ) Diluted earnings (loss) per share $ (0.38 ) $ (0.16 ) Basic Number of Shares (*) 4,718,671 4,309,526 Diluted Number of Shares (*) 4,718,671 4,309,526 * shares assuming as if issued as of January 1.

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 11—NOTES PAYABLE 1847 Asien/Asien’s Arvest Bank On July 10, 2020, Asien’s entered into a promissory note and security agreement with Arvest Bank for a revolving loan for up to $400,000. The loan matures on July 10, 2021 and bears interest at 5.25% per annum, subject to change in accordance with the Variable Rate (as defined in the promissory note and security agreement), the calculation for which is the U.S. Prime Rate plus 2%. Pursuant to the terms of the promissory note and security agreement, Asien’s is required to make monthly payments beginning on August 10, 2020 and until the maturity date, at which time all unpaid principal and interest will be due. Asien’s may prepay the loan in full or in part at any time without penalty. The promissory note and security agreement contains customary representations, warranties, affirmative and negative covenants and events of default for a loan of this type. The loan is secured by Asien’s inventory and equipment, accounts and other rights of payments, and general intangibles, as such terms are defined in the Uniform Commercial Code. The remaining principal balance of the note at December 31, 2020 is $301,081 and it has accrued interest of $995. The remaining principal balance of the note at September 30, 2021 is $300,000 and it has accrued interest of $2,564. On October 8, 2021, the revolving loan was paid off and terminated for $301,240 (See note 18). 8% Subordinated Amortizing Promissory Note A portion of the purchase price for acquisition of Asien’s on May 28, 2020 was paid by the issuance of an 8% subordinated amortizing promissory note in the principal amount of $200,000 by 1847 Asien to the Asien’s Seller. Interest on the outstanding principal amount were payable quarterly at the rate of eight percent (8%) per annum. The outstanding principal amount of the note amortized on a one-year straight-line basis in accordance with a specified amortization schedule, with all unpaid principal and accrued, but unpaid interest being fully due and payable on May 28, 2021. As of December 31, 2020, the remaining principal balance of the note was $101,980 and it had accrued interest of $1,095. The note and accrued interest were repaid in May 2021. 6% Amortizing Promissory Note On July 29, 2020, 1847 Asien entered into a securities purchase agreement with the Asien’s Seller, pursuant to which the Asien’s Seller sold to 415,000 of the Company’s common shares to 1847 Asien a purchase price of $2.50 per share. As consideration, 1847 Asien issued to the Asien’s Seller a two-year 6% amortizing promissory note in the aggregate principal amount of $1,037,500. One-half (50%) of the outstanding principal amount of the note ($518,750) and all accrued interest thereon, will be amortized on a two-year straight-line basis and is payable quarterly. The second-half (50%) of the outstanding principal amount of the note ($518,750) with all accrued, but unpaid interest thereon, is due on the second anniversary of the note. The note is unsecured and contains customary events of default. The remaining principal balance of the note at December 31, 2020 is $785,846 and it has accrued interest of $17,752. The remaining principal balance of the note at September 30, 2021 is $785,846 and it has accrued interest of $17,752. On October 8, 2021, this note was amended and $138,593 payment reduced the principal balance to $647,253 (see Note 18). Demand Promissory Note A portion of the purchase price for acquisition of Asien’s on May 28, 2020 was paid by the issuance of demand promissory note in the principal amount of $655,000 by 1847 Asien to the Asien’s Seller. The note accrued interest at a rate of one percent (1%) computed on the basis of a 360-day year. Principal and accrued interest on the note was payable 24 hours after written demand by the Asien’s Seller. The note was repaid in June 2020. Inventory Financing Agreement On September 25, 2020, Asien’s entered into an inventory financing agreement with Wells Fargo Commercial Distribution Finance, LLC (“Wells Fargo”), pursuant to which Wells Fargo may extend credit to Asien’s from time to time to enable it to purchase inventory from Wells Fargo-approved vendors. The term of the agreement is one year, and from year to year thereafter, unless sooner terminated by either party upon 30 days written notice to the other party. The inventory financing agreement contains customary representations, warranties, affirmative and negative covenants and events of default for a loan of this type. The agreement is secured by all assets of Asien’s and is guaranteed by 1847 Asien and the Company. As of September 30, 2021, Asien’s has not borrowed any funds under this agreement. 4.5% Unsecured Promissory Note On October 30, 2017, Asien’s entered into a stock repurchase agreement with Paul A. Gwilliam and Terri L. Gwilliam, co-trustees of the Gwilliam Family Trust, pursuant to which Asien’s issued an unsecured promissory note in the aggregate principal amount of $540,000 for a term of 5 years. The note bore interest at the rate of the 4.25% per annum. The remaining principal balance of the note at December 31, 2020 is $41,675. The note and accrued interest were repaid in July 2021. Agreement of Sale of Future Receipts On May 28, 2020, 1847 Asien and Asien’s entered into an agreement of sale of future receipts with TVT Direct Funding LLC (“TVT”), pursuant to which 1847 Asien and Asien’s agreed to sell future receivables with a value of $685,000 to TVT for a purchase price of $500,000. 1847 Asien and Asien’s agreed to deliver to TVT 20% of its weekly future receipts, or approximately $23,300, over the course of an estimated seven-month term, or such date when the above amount of receivables has been delivered to TVT. 1847 Asien used the proceeds from this sale to finance the Asien’s Acquisition. This agreement was terminated on September 10, 2020. Loans on Vehicles Asien’s has entered into six retail installment sale contracts pursuant to which Asien’s agreed to finance its delivery trucks at rates ranging 3.74% to 6.99% with an aggregate remaining principal amount of $114,845 as of September 30, 2021. 1847 Cabinet/Kyle’s Vesting Promissory Note A portion of the purchase price for the acquisition of Kyle’s on September 30, 2020 was paid by the issuance of a vesting promissory note by 1847 Cabinet to the Kyle’s Sellers in the principal amount of $1,050,000, which increased to a principal amount of up to $1,260,000 pursuant to the vested percentage calculation described below. Payment of the principal and accrued interest on the note is subject to vesting as described below. The note bears interest on the vested portion of principal amount at the rate of eight percent (8%) per annum. To the extent vested, the vested portion of the principal and all accrued but unpaid interest on such vested portion of the principal shall be paid in one lump sum on the last day of the thirty-sixth (36th) month following the date of the note. The vested principal of the note due at the maturity date shall be calculated each year based on the average annual consolidated EBITDA (as defined in the note) of 1847 Cabinet for each of the years ended December 31, 2020, 2021 and 2022. The EBITDA for each year shall be divided by $1.4 million multiplied by 100 to obtain the vested percentage. The vested principal for each year shall be equal to the vested percentage for that year multiplied by $350,000. To the extent that the vested percentage for the subject year is less than 80%, no portion of the note for that year shall vest. To the extent that the vested percentage for the subject year is equal to or greater than 120%, the vested principal shall be equal to $420,000 for that year and no more. For the year ended December 31, 2020, EBITDA of 1847 Cabinet was approximately $1,531,000, resulting in a vested amount of approximately $415,000. As of September 30, 2021, the outstanding balance of this note is $498,979. 1847 Cabinet will have the right to redeem all but no less than all of the note at any time prior to the maturity date. If 1847 Cabinet elects to redeem the note, the redemption price will be payable in cash and is equal to the then outstanding vested portion of the principal plus any remaining unvested principal amount plus accrued but unpaid interest thereon (calculated over 36 months). For purposes of this redemption calculation, the “unvested principal amount” shall be $350,000 per year. The note contains customary events of default. The right of the Kyle’s Sellers to receive payments under the note is subordinated to all indebtedness of 1847 Cabinet, whether outstanding as of the closing date or thereafter created, to banks, insurance companies and other financial institutions or funds, and federal or state taxation authorities. Intercompany Secured Promissory Note In connection with the acquisition of Kyle’s, the Company provided 1847 Cabinet with the funds necessary to pay the cash portion of the purchase price and cover acquisition expenses. In connection therewith, on September 30, 2020, 1847 Cabinet issued a secured promissory note to the Company in the principal amount of $4,525,000, which was amended and restated on December 11, 2020. Pursuant to such amendment and restatement, if and to the extent any amounts are owing under the units described under Note 15 below, due to a default or redemption, in addition to payment obligations due under the note, 1847 Cabinet is required to immediately make payments to the Company so that it may make any required payments in compliance with the terms of the units. The note bears interest at the rate of 16% per annum. The interest is cumulative, and any unpaid accrued interest will compound on each anniversary date of the note. Interest is due and payable in arrears on January 15, April 15, July 15 and October 15 commencing January 15, 2021. In the event payment of principal or interest due under the note is not made when due, giving effect to any grace period which may be applicable, or in the event of any other default (as defined in the note), the outstanding principal balance shall from the date of default immediately bear interest at the rate of 5% above the then applicable interest rate for so long as such default continues. The Company may demand payment in full of the note at any time, even if 1847 Cabinet has complied with all of the terms of the note; and the note shall be due in full, without demand, upon a third-party sale of all or substantially all the assets and business of 1847 Cabinet or a third-party sale or other disposition of any capital stock of 1847 Cabinet. 1847 Cabinet may prepay the note at any time without penalty. The note contains customary events of default, is guaranteed by Kyle’s and is secured by all of the assets of 1847 Cabinet and Kyle’s. The remaining principal balance of the note at September 30, 2021 is $4,885,129 and it has accrued interest of $194,380. This note was amended on October 8, 2021 (see Note 18). Loans on Vehicles Kyle’s has entered into two retail installment sale contracts pursuant to which it agreed to finance its delivery trucks at rates ranging 5.90% to 6.54% with an aggregate remaining principal amount of $67,465 as of September 30, 2021. 1847 Wolo/Wolo 6% Secured Promissory Note As noted above, a portion of the purchase price for the acquisition of Wolo on March 30, 2021 was paid by the issuance of a 6% secured promissory note in the principal amount of $850,000 by 1847 Wolo to the Wolo Sellers. Interest on the outstanding principal amount will be payable quarterly at the rate of six percent (6%) per annum. The note matures on the 39-month anniversary following the closing of the acquisition, at which time the outstanding principal amount of the note, along with all accrued, but unpaid interest, shall be paid in one lump sum. 1847 Wolo has the right to prepay all or any portion of the note at any time prior to the maturity date without premium or penalty of any kind. The note contains customary events of default and is secured by all of the assets of Wolo; provided that the rights of the Wolo Sellers under the note are subordinate to the rights of Sterling National Bank under the credit agreement described below. The remaining principal balance of the note at September 30, 2021 is $850,000 and it has accrued interest of $12,750. On October 8, 2021, the promissory note was repaid in full (See note 18). Credit Agreement and Notes On March 30, 2021, 1847 Wolo and Wolo entered into a credit agreement with Sterling National Bank (“Sterling”) for (i) revolving loans in an aggregate principal amount that will not exceed the lesser of the borrowing base (as defined below) or $1,000,000 and (ii) a term loan in the principal amount of $3,550,000. The revolving loan is evidenced by a revolving credit note and the term loan is evidenced by a $3,550,000 term note. The remaining principal balance of the revolving credit note at September 30, 2021 is $996,309 and it has accrued interest of $3,529. The remaining principal balance of the term note at September 30, 2021 is $3,193,558, comprised of principal of $3,331,250, net of debt discount of $137,692, and it has accrued interest of $17,350. On October 8, 2021, the revolving loan and the term loan were repaid in full (See note 18). The “borrowing base” means an amount equal to the sum of the following: (A) 80% of eligible accounts (as defined in the credit agreement) PLUS (B) the lesser of: (1) 50% percent of eligible inventory (as defined in the credit agreement) or (2) $400,000, MINUS (C) such reserves as Sterling may establish from time to time in its sole discretion. Sterling has the right from time to time, in its sole discretion, to amend, substitute or modify the percentages set forth in the definition of borrowing base and the definition(s) of eligible accounts and eligible inventory. The revolving note matures on March 29, 2022 and bears interest at a per annum rate equal to the greater of (i) the prime rate (as defined in the credit agreement) or (ii) 3.75%. The term note matures on April 1, 2024 and bears interest at a per annum rate equal to the greater of (x) the prime rate plus 3.00% or (y) 5.00%; provided that, upon an event of default, all loans, all past due interest and all fees shall bear interest at a per annum rate equal to the foregoing rate plus 5.00%. Interest accrued on the revolving note and the term note shall be payable on the first day of each month commencing on the first such day of the first month following the making of such revolving loan or term loan, as applicable. With respect to the term loan, 1847 Wolo and Wolo must repay to Sterling on the first day of each month, (i) beginning on May 1, 2021 and ending on March 1, 2022, eleven (11) equal monthly principal payments of $43,750 each, (ii) beginning on April 1, 2022 and ending on March 1, 2024, twenty-four (24) equal monthly payments of $59,167 each and (iii) on April 1, 2024, a final principal payment in the amount of $1,648,742. In addition, beginning on June 1, 2022 and on each anniversary thereof thereafter until such time as the term loan is repaid in full, 1847 Wolo and Wolo must pay an additional principal payment equal to 50% of the excess cash flow (as defined in the credit agreement), if any. If Sterling has not received the full amount of any monthly payment on or before the date it is due (including as a result of funds not available to be automatically debited on the date on which any such payment is due), 1847 Wolo and Wolo must pay a late fee in an amount equal to six percent (6%) of such overdue payment. 1847 Wolo and Wolo may at any time and from time to time voluntarily prepay the revolving note or the term note in whole or in part. The credit agreement contains customary representations, warranties, affirmative and negative financial and other covenants and events of default for loans of this type. Each of the revolving note and the term note is secured by a first priority security interest in all of the assets of 1847 Wolo and Wolo. PPP Loans On April 28, 2020, Asien’s received $357,500 in PPP loans from the SBA under provisions of the CARES Act. The PPP loans have two-year terms and bear interest at a rate of 1.0% per annum. Monthly principal and interest payments are deferred for six months after the date of disbursement. The PPP provides that the PPP loans may be partially or wholly forgiven if the funds are used for certain qualifying expenses as described in the CARES Act. Asien’s used the proceeds from the PPP loans for qualifying expenses and to applied for forgiveness of the PPP loans in accordance with the terms of the CARES Act. On February 16, 2021, Asien’s received notice from Exchange Bank that its loan had been forgiven in its entirety by the SBA.

Convertible Promissory Note

Convertible Promissory Note	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
CONVERTIBLE PROMISSORY NOTE	NOTE 12—CONVERTIBLE PROMISSORY NOTE On April 5, 2019, the Company, Holdco and Goedeker (collectively, “1847”) entered into a securities purchase agreement with Leonite Capital LLC, a Delaware limited liability company (“Leonite”), pursuant to which 1847 issued to Leonite a secured convertible promissory note in the aggregate principal amount of $714,286 due April 5, 2020. As additional consideration for the purchase of the note, (i) the Company issued to Leonite 50,000 common shares, (ii) the Company issued to Leonite a five-year warrant to purchase 200,000 common shares at an exercise price of $1.25 per share (subject to adjustment), which may be exercised on a cashless basis, and (iii) Holdco issued to Leonite shares of common stock equal to a 7.5% non-dilutable interest in Holdco. The note carried an original issue discount of $64,286 to cover Leonite’s legal fees, accounting fees, due diligence fees and/or other transactional costs incurred in connection with the purchase of the note. Furthermore, the Company issued 50,000 common shares valued at $137,500 and a debt-discount related to the warrants valued at $292,673. The Company amortized $292,673 of financing costs related to the shares and warrants in the nine months ended September 30, 2020. On May 11, 2020, 1847 and Leonite entered into a first amendment to secured convertible promissory note, pursuant to which the parties agreed (i) to extend the maturity date of the note to October 5, 2020, (ii) that 1847’s failure to repay the note on the original maturity date of April 5, 2020 shall not constitute and event of default under the note and (iii) to increase the principal amount of the note by $207,145, as a forbearance fee. In connection with the amendment, (i) the Company issued to Leonite another five-year warrant to purchase 200,000 common shares at an exercise price of $1.25 per share (subject to adjustment), which may be exercised on a cashless basis and (ii) upon closing of the Asien’s Acquisition, 1847 Asien issued to Leonite shares of common stock equal to a 5% interest in 1847 Asien. The amendment represented a prepayment of principal and accrued interest resulting in a debt extinguishment and the Company recorded an aggregate extinguishment loss of $773,856. Under the note, Leonite had the right at any time at its option to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of the note into fully paid and non-assessable common shares or any shares of capital stock or other securities of the Company into which such common shares may be changed or reclassified. On May 4, 2020, Leonite converted $100,000 of the outstanding balance of the note into 100,000 common shares. On July 21, 2020, Leonite converted $50,000 of the outstanding balance of the note into 50,000 common shares. On August 4, 2020, Goedeker used a portion of the proceeds from the Goedeker IPO to repay the note in full. The total payoff amount was $780,653, consisting of principal of $771,431 and interest of $9,222. On September 2, 2020, the Company entered into amendment to the warrant issued to Leonite on April 5, 2019. Pursuant to the amendment, the parties amended the warrant to allow for the conversion of the warrant into 180,000 common shares in exchange for Leonite’s surrender of the remaining 20,000 common shares underlying this warrant, as well as all 200,000 common shares underlying the second warrant issued to Leonite on May 11, 2020. On September 2, 2020, Leonite exercised the first warrant in accordance with the foregoing amendment and the Company issued 180,000 common shares to Leonite. As a result of this exercise, both warrants were cancelled.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2021
Operating Lease [Abstract]
OPERATING LEASES	NOTE 13—OPERATING LEASES Kyle’s On September 1, 2020, Kyle’s entered into an industrial lease agreement with the Kyle’s Sellers, who are officers of Kyle’s and principal shareholders of the Company. The lease is for a term of five years, with an option for a renewal term of five years, and provides for a base rent of $7,000 per month for the first 12 months, which will increase to $7,210 for months 13-16 and to $7,426 for months 37-60. In addition, Kyle’s is responsible for all taxes, insurance and certain operating costs during the lease term. In the event of late payment, interest shall accrue on the unpaid amount at the rate of twelve percent (12%) per annum. The lease agreement contains customary events of default, representations, warranties and covenants. On June 9, 2021, Kyle’s entered into an additional industrial lease agreement with a third party. The lease is for a term of five years and two months, with an option for a renewal term of five years. In addition, Kyle’s is responsible for all taxes, insurance and certain operating costs during the lease term. In the event of late payment, interest shall accrue on the unpaid amount at the rate of twelve percent (18%) per annum. The lease agreement contains customary events of default, representations, warranties and covenants. The lease increased the operating lease right to use asset and corresponding operating lease liability by $361,158. Supplemental balance sheet information related to leases was as follows: September 30, Operating lease right-of-use lease asset $ 735,074 Accumulated amortization (68,164 ) Net balance $ 666,910 Lease liability, current portion 112,120 Lease liability, long term 558,181 Total operating lease liabilities $ 670,301 Weighted Average Remaining Lease Term - operating leases 55 months Weighted Average Discount Rate - operating leases 5.5 % Future minimum lease payments under this operating lease as of September 30, 2021 were as follows: 2021 (remainder of year) $ 48,314 2022 167,973 2023 171,282 2024 175,529 2025 148,416 2026 52,558 Total lease payments 764,072 Less imputed interest (93,771 ) Maturities of lease liabilities $ 670,301 Asien’s Asien’s has an office and showroom space that has been leased on a month-by-month basis for $11,665 per month. Wolo On October 4, 1978, Wolo Mfg entered into a lease agreement with PKL Realty LLC (formerly P.K.L. Realty Corp). This lease agreement has been amended numerous times. Pursuant to the latest amendment entered into in July 2020, the lease expires on July 31, 2022. The lease agreement contains customary events of default representations, warranties and covenants. September 30, Operating lease right-of-use lease asset $ 153,663 Accumulated amortization 87,393 Net balance $ 66,270 Lease liability, current portion 67,111 Lease liability, long term - Total operating lease liabilities $ 67,111 Weighted Average Remaining Lease Term - operating leases 10 months Weighted Average Discount Rate - operating leases 6.0 % Future minimum lease payments under this operating lease as of September 30, 2021 were as follows: 2021 (remainder of year) $ 20,691 2022 48,279 Total lease payments 68,970 Less imputed interest (1,859 ) Maturities of lease liabilities $ 67,111

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTIES	NOTE 14—RELATED PARTIES Management Services Agreement On April 15, 2013, the Company and 1847 Partners LLC (the “Manager”) entered into a management services agreement, pursuant to which the Company is required to pay the Manager a quarterly management fee equal to 0.5% of its adjusted net assets for services performed (the “Parent Management Fee”). The amount of the Parent Management Fee with respect to any fiscal quarter is (i) reduced by the aggregate amount of any management fees received by the Manager under any offsetting management services agreements with respect to such fiscal quarter, (ii) reduced (or increased) by the amount of any over-paid (or under-paid) Parent Management Fees received by (or owed to) the Manager as of the end of such fiscal quarter, and (iii) increased by the amount of any outstanding accrued and unpaid Parent Management Fees. The Company expensed $0 in Parent Management Fees for the nine months ended September 30, 2021 and 2020. Offsetting Management Services Agreements 1847 Neese entered into an offsetting management services agreement with the Manager on March 3, 2017, which is included in discontinued operations, Goedeker entered into an offsetting management services agreement with the Manager on April 5, 2019, which is included in discontinued operations, 1847 Asien entered into an offsetting management services agreement with the Manager on May 28, 2020, 1847 Cabinet entered into an offsetting management services agreement with the Manager on August 21, 2020 and 1847 Wolo entered into an offsetting management services agreement with the Manager on March 30, 2021. Pursuant to the offsetting management services agreements, 1847 Neese appointed the Manager to provide certain services to it for a quarterly management fee equal to $62,500, Goedeker appointed the Manager to provide certain services to it for a quarterly management fee equal to $62,500, 1847 Asien appointed the Manager to provide certain services to it for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted net assets (as defined in the management services agreement), 1847 Cabinet appointed the Manager to provide certain services to it for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted net assets (as defined in the management services agreement) and 1847 Wolo appointed the Manager to provide certain services to it for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted net assets (as defined in the management services agreement); provided, however, in each case that (i) pro rated payments shall be made in the first quarter and the last quarter of the term, (ii) if the aggregate amount of management fees paid or to be paid by such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to any fiscal year exceeds, or is expected to exceed, 9.5% of the Company’s gross income with respect to such fiscal year, then the management fee to be paid by such subsidiaries for any remaining fiscal quarters in such fiscal year shall be reduced, on a pro rata basis determined by reference to the management fees to be paid to the Manager by all of the subsidiaries of the Company, until the aggregate amount of the management fee paid or to be paid by such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to such fiscal year, does not exceed 9.5% of the Company’s gross income with respect to such fiscal year, and (iii) if the aggregate amount the management fee paid or to be paid by such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to any fiscal quarter exceeds, or is expected to exceed, the Parent Management Fee with respect to such fiscal quarter, then the management fee to be paid by such subsidiaries for such fiscal quarter shall be reduced, on a pro rata basis, until the aggregate amount of the management fee paid or to be paid such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to such fiscal quarter, does not exceed the Parent Management Fee calculated and payable with respect to such fiscal quarter. The 1847 Cabinet offsetting management services agreement was amended on October 8, 2021 (see Note 18). Each of these subsidiaries shall also reimburse the Manager for all of their costs and expenses which are specifically approved by their board of directors, including all out-of-pocket costs and expenses, which are actually incurred by the Manager or its affiliates on behalf of these subsidiaries in connection with performing services under the offsetting management services agreements. The rights of the Manager to receive payments under this offsetting management services agreement with Wolo are subordinate to the rights of Sterling under separate a subordination agreement that the Manager entered into with Sterling on March 30, 2021. 1847 Asien, 1847 Cabinet and 1847 Wolo expensed $225,000, $225,000 and $260,833, respectively, in management fees for the nine months ended September 30, 2021. In conjunction with the acquisition of Wolo, the Manager received a fee of $110,000. 1847 Asien expensed $103,022 in management fees for the period from May 29, 2020 to September 30, 2020. On a consolidated basis, the Company expensed total management fees of $710,833 and $103,022 for the nine months ended September 30, 2021 and 2020, respectively. Advances From time to time, the Company has received advances from its chief executive officer to meet short-term working capital needs. As of September 30, 2021 and December 31, 2020, a total of $118,834 in advances from related parties are outstanding. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements. As of September 30, 2021 and December 31, 2020, the Manager has funded the Company $74,928 and $71,358 in related party advances, respectively. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements. Grid Promissory Note On January 3, 2018, the Company issued a grid promissory note to the Manager in the initial principal amount of $50,000. The note provided that the Company could request additional advances from the Manager up to an aggregate additional amount of $150,000. On December 7, 2020, parties amended and restated the note for a new principal amount of $56,900 and maturity date of December 7, 2021. Interest on the note accrues on the unpaid portion of the principal amount and the outstanding portion of all advances at a fixed rate of 8% per annum. In the event that the Company completes a financing that includes an uplisting of the Company’s common shares to a national exchange, then the Company must, contemporaneously with the closing of such financing transaction, repay the entire outstanding principal, outstanding advances, and accrued and unpaid interest on the note. The note is unsecured and contains customary events of default. As of September 30, 2021 and December 31, 2020, the Manager has advanced $56,900 of the note and the Company has accrued interest of $28,611 and $25,159, respectively. On October 8, 2021, the loan was repaid in full and the grid note was terminated (see Note 18). Building Lease On September 1, 2020, Kyle’s entered into an industrial lease agreement with the Kyle’s Sellers, who are officers of Kyle’s and principal shareholders of the Company. See Note 13 for details regarding this lease.

Shareholders_ Equity (Deficit)

Shareholders’ Equity (Deficit)	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY (DEFICIT)	NOTE 15—SHAREHOLDERS’ EQUITY (DEFICIT) Allocation Shares As of September 30, 2021 and December 31, 2020, the Company had authorized and outstanding 1,000 allocation shares. These allocation shares do not entitle the holder thereof to vote on any matter relating to the Company other than in connection with amendments to the Company’s operating agreement and in connection with certain other corporate transactions as specified in the operating agreement. The Manager owns 100% of the allocation shares of the Company which represent the original equity interest in the Company. As a holder of the allocation shares, the Manager is entitled to receive a 20% profit allocation as a form of preferred distribution, pursuant to a profit allocation formula upon the occurrence of certain events. Generally, the distribution of the profit allocation is paid upon the occurrence of the sale of a material amount of capital stock or assets of one of the Company’s businesses, including if the Company distributes its equity ownership in a subsidiary to the Company’s shareholders in a spin-off or similar transaction (a “Sale Event”), or, at the option of the Manager, at the five-year anniversary date of the acquisition of one of the Company’s businesses (a “Holding Event”). The Company records distributions of the profit allocation to the holders upon occurrence of a Sale Event or Holding Event as dividends declared on allocation interests to stockholders’ equity when they are approved by the Company’s board of directors. The 1,000 allocation shares are issued and outstanding and held by the Manager, which is controlled by Mr. Roberts, the Company’s chief executive officer and a principal shareholder. Series A Senior Convertible Preferred Shares On September 30, 2020, the Company executed a share designation, which was amended on November 20, 2020, March 26, 2021 and September 29, 2021, to designate 4,450,460 of its shares as series A senior convertible preferred shares. On October 12, 2021, the Company redeemed 2,632,278 series A senior convertible preferred shares (See Note 18). Following is a description of the rights of the series A senior convertible preferred shares. Dividends. Liquidation. Voting Rights Conversion Rights Redemption Adjustments ● On the first day of the 12 th the issuance date of any ● On the first day of the 24 th the issuance date of any ● On the first day of the 36 th the issuance date of any Notwithstanding the foregoing, the conversion price for purposes of the adjustments above shall not be adjusted to a number that is below $0.0075. In addition, if any legislation or rules are adopted whereby the holding period of securities for purposes of Rule 144 of the Securities Act of 1933, as amended, for convertible securities that convert at market-adjusted rates is increased resulting in a longer holding period for convertible securities like the series A senior convertible preferred shares and the unavailability at the time of conversion of Rule 144, the pricing provisions that are based upon the lowest VWAP of the previous ten (10) trading days immediately preceding the relevant adjustment date shall be removed unless the common shares issuable upon conversion are then registered under an effective registration statement. Additional Equity Interest. On September 30, 2020, the Company sold an aggregate of 2,189,835 units, at a price of $1.90 per unit, for aggregate gross proceeds of $4,160,684. On October 26, 2020, the Company sold an additional 442,443 units for an aggregate purchase price of $840,640. Each unit consists of one (1) series A senior convertible preferred share and a three-year warrant to purchase one (1) common share at an exercise price of $2.50 per common share (subject to adjustment), which may be exercised on a cashless basis under certain circumstances. In accordance with ASC 470, if debt or stock is issued with detachable warrants and/or stock, the guidance in ASC 470 requires that the proceeds be allocated to the instruments based on their relative fair values. The Company applied this guidance and recorded a deemed dividend of $2,874,478 as a result of a beneficial conversion feature. As the Company does not have any retained earnings this deemed dividend was netting against additional paid-in capital and the net accounting effect was none. On March 26, 2021, the Company sold an aggregate of 1,818,182 units, at a price of $1.65 per unit, for aggregate gross proceeds of $3,000,000. Each unit consists of one (1) series A senior convertible preferred share and a three-year warrant to purchase one (1) common share at an exercise price of $2.50 per common share (subject to adjustment), which may be exercised on a cashless basis under certain circumstances. The Company ASC 740 and recorded a deemed dividend of $1,527,086 as a result of a beneficial conversion feature. As the Company does not have any retained earnings this deemed dividend was netting against additional paid-in capital and the net accounting effect was none. In the nine months ended September 30, 2021, the Company accrued dividends attributable to the series A senior convertible preferred shares in the amount of $314,093 and paid the prior period accrued dividends of $676,339. Common Shares The Company is authorized to issue 500,000,000 common shares as of September 30, 2021 and December 31, 2020. As of September 30, 2021 and December 31, 2020, the Company had 4,842,851 and 4,444,013 common shares issued and outstanding, respectively. The common shares entitle the holder thereof to one vote per share on all matters coming before the shareholders of the Company for a vote. On May 4, 2020, the Company issued 100,000 common shares to Leonite upon conversion of $100,000 of the outstanding balance of the secured convertible promissory note resulting is a loss on conversion of debt of $175,000 (see Note 12). On May 28, 2020, the Company issued 415,000 common shares, having a fair value of $1,037,500, to the Asien’s Seller in connection with the Asien’s Acquisition (see Note 10). On June 4, 2020, the Company issued 100,000 common shares to a service provider for services provided to the Company. The fair market value of the services amounted to $245,000. On March 26, 2021, the Company issued an aggregate of 398,838 common shares to the holders of the series A senior convertible preferred shares issued on September 30, 2020 and October 26, 2020. As noted above, the purchase price for the units issued to such holders was $1.90 per unit. As noted above, on March 26, 2021, the Company issued additional units at a purchase price of $1.65 per unit. In exchange for the consent of the holders of the Company’s outstanding series A senior convertible preferred shares to the issuance of these additional units at a lower purchase price than such holders paid for their shares, the Company issued 398,838 common shares to such holders. Warrants Number of Common Stock Warrants Weighted average exercise price Weighted average life (years) Intrinsic value of Warrants Outstanding, January 1, 2021 2,632,278 $ 2.50 2.76 $ - Granted 1,818,182 2.50 3.00 - Exercised - - - - Canceled - - - - Outstanding, September 30, 2021 4,450,460 $ 2.50 2.21 $ - Exercisable, September 30, 2021 4,450,460 $ 2.50 2.21 $ - On March 26, 2021, the Company sold an aggregate of 1,818,182 units, at a price of $1.65 per unit, for aggregate gross proceeds of $3,000,000. Each unit consists of one (1) series A senior convertible preferred share and a three-year warrant to purchase one (1) common share at an exercise price of $2.50 per common share (subject to adjustment). Accordingly, a portion of the proceeds were allocated to the warrant based on its relative fair value using the Geometric Brownian Motion Stock Path Monte Carlo Simulation. The assumptions used in the model were as follows: (i) dividend yield of 0%; (ii) expected volatility of 62.52-63.25%; (iii) weighted average risk-free interest rate of 0.16%; (iv) expected life of three years; (v) estimated fair value of the common shares of $2.60-$5.25 per share; and (vi) various probability assumptions related to redemption, calls and price resets. The ultimate amount allocated to the warrants was $1,472,914, which was recorded as additional paid in capital. The warrants allow the holder to purchase one (1) common share at an exercise price of $2.50 per common share (subject to adjustment including upon any future equity offering with a lower exercise price), which may be exercised on a cashless basis under certain circumstances. Upon a reduction to the exercise price of such warrants, the number of warrant shares shall increase such that the aggregate exercise price will remain the same. The warrants have a term of three years and are callable by the Company after one year if the 30-day average stock price is in excess of $5 and the trading volume in the Company’s shares exceed 100,000 shares a day over such period. The Company can also redeem the warrants during the term for $0.50 a warrant in the first year; $1.00 a warrant in the second year; and $1.50 a warrant in the third year.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 16—COMMITMENTS AND CONTINGENCIES The Company has entered into three financing lease agreements for expansion equipment at Kyle’s. The equipment is in production and expected to be installed in November 2021. These agreements have terms of six years beginning at the time of installation. Future minimum lease payments under the leases as of September 30, 2021 are as follows: 2021 (remainder of year) $ 11,962 2022 143,541 2023 143,541 2024 143,541 2025 143,541 2026 143,541 2027 134,409 Total lease payments $ 864,076 An office space has been leased on a month-by-month basis. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 30, 2021
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	NOTE 17—SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Supplemental disclosures of cash flow information for the nine months ended September 30, 2021 and 2020 were as follows: Nine Months Ended 2021 2020 Interest paid $ 139,016 $ - Income tax paid $ - $ - Business combinations: Current assets Current Assets $ 5,201,957 $ 1,734,663 Intangible assets 1,848,000 - Deferred tax liability - 157,052 Preliminary goodwill 1,690,915 1,720,726 Deferred tax liability (325,000 ) - Assumed liabilities (111,442 ) (3,195,726 ) Cash acquired in acquisitions, net of working capital adjustment $ 1,174,654 $ 1,268,285 Financing: Due to seller (net cash paid to seller after closing) $ 944,055 $ 233,000 Note payable seller $ 850,000 $ 855,000 Common Shares Deemed Dividend related to issuance of Preferred stock $ 1,527,086 $ - Additional Paid-in Capital – common shares and warrants issued $ 757,772 $ - Common stock $ - $ 415 Additional Paid in Capital $ - $ 829,585 Operating lease, ROU assets and liabilities $ 466,294 $ -

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 18—SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2021 to the date these financial statements were issued, and has determined that, except as set forth below, it does not have any material subsequent events to disclose in these financial statements. Completion of Acquisition On September 23, 2021, 1847 Cabinet entered into a securities purchase agreement with High Mountain Door & Trim Inc., a Nevada corporation (“High Mountain”), Sierra Homes, LLC, a Nevada limited liability company (“Sierra Homes”), and Steven J. Parkey and Jose D. Garcia-Rendon (together, the “H&S Sellers”), pursuant to which 1847 Cabinet agreed to acquire all of the issued and outstanding capital stock or other equity securities of High Mountain and Sierra Homes from the H&S Sellers. On October 6, 2021, 1847 Cabinet, High Mountain, Sierra Homes and the H&S Sellers entered into amendment No. 1 to securities purchase agreement to amend certain terms of the securities purchase agreement. On October 8, 2021, closing of the acquisition was completed. Pursuant to the terms of the securities purchase agreement, as amended, 1847 Cabinet acquired all of the issued and outstanding capital stock or other equity securities of High Mountain and Sierra Homes from the H&S Sellers for an aggregate purchase price of $16,567,845, after certain adjustments made at closing and subject to additional post-closing adjustments as described below. The purchase price consists of (i) $10,687,500 in cash and (ii) the issuance by 1847 Cabinet of 6% subordinated convertible promissory notes in the aggregate principal amount of $5,880,345. The purchase price is subject to a post-closing working capital adjustment provision. Under this provision, the H&S Sellers delivered to 1847 Cabinet at the closing an unaudited balance sheet of High Mountain and Sierra Homes and a calculation of estimated net working capital of High Mountain and Sierra Homes as of that date. On or before the 75th day following the closing, 1847 Cabinet must deliver to the H&S Sellers an unaudited balance sheet of High Mountain and Sierra Homes and its calculation of the final net working capital of High Mountain and Sierra Homes as of the closing date. If such final net working capital exceeds the estimated net working capital, 1847 Cabinet must, within seven days, pay to the H&S Sellers an amount of cash that is equal to such excess. If the estimated net working capital exceeds the final net working capital, the H&S Sellers must, within seven days, pay to 1847 Cabinet an amount in cash equal to such excess. 6% Subordinated Convertible Promissory Notes As noted above, a portion of the purchase price for the acquisition of High Mountain and Sierra Homes was paid by the issuance of 6% subordinated convertible promissory notes in the aggregate principal amount of $5,880,345 by 1847 Cabinet to the H&S Sellers. The notes bear interest at a rate of six percent (6%) per annum and are due and payable on October 8, 2024; provided that upon an event of default (as defined in the notes), such interest rate shall increase to ten percent (10%) per annum. 1847 Cabinet may prepay the notes in whole or in part, without penalty or premium, upon ten (10) business days prior written notice to the holders of the notes. At any time prior to October 8, 2022, the holders may, in their sole discretion, elect to convert up to twenty percent (20%) of the original principal amount of the notes and all accrued, but unpaid, interest into such number of shares of the common stock of 1847 Cabinet determined by dividing the amount to be converted by a conversion price determined by dividing (i) the fair market value of 1847 Cabinet (determined in accordance with the notes) by (ii) the number of shares of 1847 Cabinet outstanding on a fully diluted basis. The holders may also exchange the notes or any portion thereof for securities of the Company pursuant to the exchange agreement described below. Pursuant to the terms of the notes, 1847 Cabinet must provide at least thirty (30) days prior notice prior to the consummation of a corporate transaction (as defined in the notes), which generally includes (i) the sale of all or substantially all of the assets of 1847 Cabinet, High Mountain and Sierra Homes, (ii) the merger, consolidation or any other reorganization of any of these companies, other than a reorganization where the holders of the voting securities of such companies prior to such reorganization continue to hold a majority of the outstanding voting securities after such reorganization; or (iii) any transfer (whether by sale, merger, consolidation or otherwise) of more that fifty percent (50%) of the outstanding voting securities of any of these companies. In the event of such corporate transaction, the H&S Sellers may exercise their right to convert a portion of the outstanding principal balance and accrued but unpaid interest into 1847 Cabinet’s common stock, exercise their right to exchange all or any portion of the outstanding principal balance and accrued but unpaid interest pursuant to the exchange agreement, and/or accelerate the maturity date such that the outstanding principal balance together with all accrued but unpaid interest and all other amounts payable under the notes (less any amounts to be converted or exchanged, if applicable) shall become due and payable in full upon the consummation of the corporate transaction. The notes contain customary events of default, including in the event of a default under the secured convertible promissory notes described below. The rights of the holders to receive payments under the notes are subordinated to the rights of the purchasers under secured convertible promissory notes described below. Exchange Agreement On October 8, 2021, the Company entered into an exchange agreement with the H&S Sellers, pursuant to which the Company granted the H&S Sellers and their permitted assigns the right, but not the obligation, to exchange all of the principal amount and accrued but unpaid interest under the 6% subordinated convertible promissory notes as may be the outstanding from time to time or any portion thereof for a number of common shares of the Company to be determined by dividing the amount to be converted by an exchange price equal to the higher of (i) the 30-day volume weighted average price for the common shares on the primary national securities exchange or over the counter market on which the common shares are traded over the thirty (30) trading days immediately prior to the applicable exchange date or (ii) $2.50 (subject to equitable adjustments for stock splits, stock combinations, recapitalizations and similar transactions). Amended and Restated Offsetting Management Services Agreement On October 8, 2021, 1847 Cabinet and the Manager entered into an amended and restated offsetting management services agreement to amend certain terms of the offsetting management services agreement described in Note 14 above. Pursuant to the amended and restated offsetting management services, the quarterly management fee was increased to $125,000 or 2% of adjusted net assets. The amended and restated offsetting management services also revised the provision regarding removal of the Manager to provide that the Manager may be removed by 1847 Cabinet if: (i) a majority of 1847 Cabinet’s board of directors vote to terminate the amended and restated offsetting management services and the holders of at least a majority of the then outstanding voting stock (other than voting stock beneficially owned by the Manager) vote to terminate the amended and restated offsetting management services; (ii) neither Ellery W. Roberts nor his designated successor, heirs, beneficiaries or permitted assigns control the Manager, and such change occurred without the prior written consent of 1847 Cabinet’s board of directors; (iii) there is a finding by a court of competent jurisdiction in a final, non-appealable order that the Manager materially breached the terms of the amended and restated offsetting management services and such breach continued unremedied for sixty (60) days after the Manager received written notice from 1847 Cabinet setting forth the terms of such breach, or the Manager acted with gross negligence, willful misconduct, bad faith or reckless disregard in performing its duties and obligations under amended and restated offsetting management services or engaged in fraudulent or dishonest acts in connection with the business and operations of 1847 Cabinet; (iv) the Manager has been convicted of a felony under Federal or State law, 1847 Cabinet’s board of directors finds that the Manager is demonstrably and materially incapable of performing its duties and obligations under the amended and restated offsetting management services, and the holders of at least sixty-six and two-thirds percentage (66 ⅔%) of then outstanding voting stock (other than voting stock beneficially owned by the Manager) vote to terminate the amended and restated offsetting management services; or (v) there is a finding by a court of competent jurisdiction that the Manager has engaged in fraudulent or dishonest acts in connection with the business or operations of 1847 Cabinet or acted with gross negligence, willful misconduct, bad faith or reckless disregard in performing its duties and obligations under the amended and restated offsetting management services, and the holders of at least sixty-six and two-thirds percentage (66 ⅔%) of the then outstanding voting stock (other than voting stock beneficially owned by the Manager) vote to terminate the amended and restated offsetting management services. Finally, the amended and restated offsetting management services also revised the termination provision to provide that if there is a termination under section (i) of the preceding paragraph, then 1847 Cabinet must pay a termination fee to the Manager that is equal to three times (3x) the then current maximum annual management fee payable to the Manager, which shall be payable in eight (8) equal quarterly installments. Second Amended and Restated Intercompany Secured Promissory Note On October 8, 2021, the Company, 1847 Cabinet, Kyle’s, High Mountain and Sierra Homes entered into a second amended and restated subordinated secured promissory note in the principal amount of up to $15,955,325 to amend and restate the terms of the secured promissory note described under Note 11 above. The note bears interest at the rate of 16% per annum. Interest on the note is cumulative and any unpaid accrued interest will compound on each anniversary date of the note. Interest is due and payable in arrears to the Company on December 1, March 1, June 1 and October 1, commencing on December 1, 2021. In the event payment of principal or interest due under the note is not made when due, giving effect to any grace period which may be applicable, or in the event of any other default (as defined in the note), the outstanding principal balance shall from the date of default immediately bear interest at the rate of 5% above the then applicable interest rate for so long as such default continues. The Company may demand payment in full of the note at any time, even if 1847 Cabinet has complied with all of the terms of the note, and the note shall be due in full, without demand, upon the third party sale of all or substantially all the assets and business of 1847 Cabinet or the third party sale or other disposition of any capital stock of 1847 Cabinet. 1847 Cabinet may prepay the note at any time without penalty. If and to the extent any amounts are owing under the secured convertible promissory notes described below due to a default thereunder, in addition to payment obligations due under the note, 1847 Cabinet is required to immediately make payments to the Company so that the Company may make payments in compliance with the terms of the secured convertible promissory notes. The note contains customary covenants and events of default for loans of this type. The note is guaranteed by Kyle’s, secured by a security interest in all of the assets of 1847 Cabinet, Kyle’s, Amendment to 6% Amortizing Promissory Note On October 8, 2021, 1847 Asien and the Asien’s Seller entered into amendment no. 1 to securities purchase agreement to amend certain terms of the securities purchase agreement and the 6% amortizing promissory note described in Note 11. Pursuant to the amendment, the repayment terms of the 6% amortizing promissory note were revised so that one-half (50%) of the outstanding principal amount ($518,750) and all accrued interest thereon shall be amortized on a two-year straight-line basis and payable quarterly in accordance with the amortization schedule set forth on Exhibit A to the amendment, except for the payments that were initially scheduled on January 1, 2022 and April 1, 2022, which were paid from the proceeds of the senior convertible promissory notes described below, and the second-half (50%) of the outstanding principal amount ($518,750) and all accrued, but unpaid interest thereon shall be paid on the second anniversary of the date of the 6% amortizing promissory note, along with any other unpaid principal or accrued interest thereon. Secured Convertible Promissory Notes On October 8, 2021, the Company and each of its subsidiaries 1847 Asien, 1847 Wolo, 1847 Cabinet, Asien’s, Wolo Mfg, Wolo H&S, Kyle’s, High Mountain and Sierra Homes, entered into a note purchase agreement with two institutional investors, including Leonite, pursuant to which the Company issued to these purchasers secured convertible promissory notes in the aggregate principal amount of $24,860,000. The notes contain an aggregate original issue discount of $497,200. As a result, the total purchase price was $24,362,800. After payment of expenses of $742,825, the Company received net proceeds of $23,619,975, of which $10,687,500 was used to fund the cash portion of the purchase price for the acquisition of High Mountain and Sierra Homes. The notes bear interest at a rate per annum equal to the greater of (i) 4.75% plus the U.S. Prime Rate that appears in The Wall Street Journal The Company may voluntarily prepay the notes in whole or in part upon payment of a prepayment fee in an amount equal to 10% of the principal and interest paid in connection with such prepayment. In addition, immediately upon receipt by the Company or any subsidiary of any proceeds from any issuance of indebtedness (other than certain permitted indebtedness), any proceeds of any sale or disposition by the Company or any subsidiary of any of the collateral or any of its respective assets (other than asset sales or dispositions in the ordinary course of business which are permitted by the note purchase agreement), or any proceeds from any casualty insurance policies or eminent domain, condemnation or similar proceedings, the Company must prepay the notes in an amount equal to all such proceeds, net of reasonable and customary transaction costs, fees and expenses properly attributable to such transaction and payable by the Company or a subsidiary in connection therewith (in each case, paid to non-affiliates). The holders of the notes may, in their sole discretion, elect to convert any outstanding and unpaid principal portion of the notes, and any accrued but unpaid interest on such portion, into common shares of the Company at a conversion price equal to $2.50 (subject to equitable adjustments for stock splits, stock combinations, recapitalizations and similar transactions, as well as for future issuances below the conversion price). Notwithstanding the foregoing, the notes contain a beneficial ownership limitation, which provides that the Company shall not effect any conversion to the extent that after giving effect to the conversion, the holder, together with its affiliates, would beneficially own in excess of 4.99% of the number of common shares outstanding immediately after giving effect to the issuance of common shares upon such conversion. Upon no fewer than 61 days’ prior notice to the Company, a holder may increase or decrease such beneficial ownership limitation (up to a maximum of 9.99%) and any such increase or decrease will not be effective until the 61 st Pursuant to the terms of the notes, until the date that is eighteen (18) months after the issuance date of the notes, the holders shall have the right, but not the obligation, to participate in any securities offering of the Company other than a permitted issuance (as defined in the note purchase agreement) in an amount of up to the original principal amount of the notes. In addition, the holders shall have the right of first refusal to participate in any issuance of indebtedness by the Company until the notes have been terminated; provided, however, that this right of first refusal shall not apply to permitted issuances. The note purchase agreement and the notes contain customary representations, warranties, affirmative and negative financial and other covenants and events of default for loans of this type. The notes are guaranteed by each subsidiary and are secured by a first priority security interest in all of the assets of the Company and its subsidiaries. Warrants In connection with the loan made by Leonite, on October 8, 2021, the Company issued to Leonite a five-year warrant for the purchase of 250,000 common shares with an exercise price of $0.01 per share and a five-year warrant for the purchase of 500,000 common shares with an exercise price of $2.50 per share. The exercise price is . Subsidiary Equity Issuance In connection with the loan made by Leonite, the Company also issued to Leonite a number of shares or membership units, as applicable, representing a 7.50% fully-diluted ownership interest in each of High Mountain and Sierra Homes. As a result, 1847 Cabinet owns 92.5% of each of these subsidiaries. Redemption of Series A Senior Convertible Preferred Shares On October 12, 2021, the Company redeemed 2,632,278 series A senior convertible preferred shares for a total redemption price, including dividends through such date, of $6,395,645. As a result, there are 1,818,182 series A senior convertible preferred shares outstanding as of the date of this report. Repayment of Debt On October 8, 2021, the revolving loan from Arvest Bank was terminated and paid off for $301,240 (see Note 11). On October 8, 2021, the 6% secured promissory note issued to the Asien’s Seller was paid down by $138,593 (See Note 11). On October 8, 2021, the 6% secured promissory note issued to the Wolo Sellers was repaid in full (See Note 11). On October 8, 2021, the revolving loan and the term loan from Sterling were repaid in full (See Note 11). On October 8, 2021, the grid note issued to the Manager was repaid in full and terminated (see Note 14).

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements of the Company have been prepared without audit in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented in US dollars. The results of Goedeker are included within discontinued operations for three and nine months ended September 30, 2020. The results of 1847 Neese are included within discontinued operations for the nine months ended September 30, 2021 and for the three and nine months ended September 30, 2020. The Company retrospectively updated the consolidated financial statements as of December 31, 2020 and for the three and nine months ended September 30, 2020 to reflect this change. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months September 30, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the year ended December 31, 2020.
Accounting Basis	Accounting Basis The Company uses the accrual basis of accounting and GAAP. The Company has adopted a calendar year end.
Segment Reporting	Segment Reporting The Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) Topic 280, Segment Reporting The Retail and Appliances Segment is comprised of the business of Asien’s, which is based in Santa Rosa, CA, and provides a wide variety of appliance services including sales, delivery, installation, service and repair, extended warranties, and financing. The Construction Segment is comprised of the business of Kyle’s, which is based in Boise, ID, and provides a wide variety of construction services including custom design and build of kitchen and bathroom cabinetry, delivery, installation, service and repair, extended warranties, and financing. The Automotive Supplies Segment is comprised of the business of Wolo, which is based in Deer Park, NY, and designs and manufactures horn and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment, and emergency vehicles. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate Services” below and these include costs associated with executive management, financing activities and public company compliance.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Impact of Covid-19	Impact of COVID-19 The impact of COVID-19 on the Company’s business has been considered in management’s estimates and assumptions; however, it is too early to know the full impact of COVID-19 or its timing on a return to more normal operations. Further, the recently enacted Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) provides for economic assistance loans through the United States Small Business Administration (the “SBA”). On April 28, 2020, Asien’s received $357,500 in Paycheck Protection Program (“PPP”) loans from the SBA under the CARES Act. The PPP provides that the PPP loans may be partially or wholly forgiven if the funds are used for certain qualifying expenses as described in the CARES Act. Asien’s used the proceeds from the PPP loans for qualifying expenses and to applied for forgiveness of the PPP loans in accordance with the terms of the CARES Act. On February 16, 2021, Asien’s received notice from Exchange Bank that its loan had been forgiven in its entirety by the Small Business Administration (see Note 11).
Reclassifications	Reclassifications Certain Statements of Operations reclassifications have been made in the presentation of the Company’s prior financial statements and accompanying notes to conform to the presentation for the three and nine months ended September 30, 2021. The Company reclassified certain operating expense accounts in the Consolidated Statement of Operations. The reclassification had no impact on financial position, net income, or shareholder’s equity.
Revenue Recognition and Cost of Revenue	Revenue Recognition and Cost of Revenue On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue Recognition Retail and Appliances Segment Asien’s collects 100% of the payment for special-order models including tax and 50% of the payment for non-special orders from the customer at the time the order is placed. Asien’s does not incur incremental costs obtaining purchase orders from customers, however, if Asien’s did, because all Asien’s contracts are less than a year in duration, any contract costs incurred would be expensed rather than capitalized. Performance Obligations – The revenue that Asien’s recognizes arises from orders it receives from customers. Asien’s performance obligations under the customer orders correspond to each sale of merchandise that it makes to customers under the purchase orders; as a result, each purchase order generally contains only one performance obligation based on the merchandise sale to be completed. Control of the delivery transfers to customers when the customer can direct the use of, and obtain substantially all the benefits from, Asien’s products, which generally occurs when the customer assumes the risk of loss. The transfer of control generally occurs at the point of pickup, shipment, or installation. Once this occurs, Asien’s has satisfied its performance obligation and Asien’s recognizes revenue. Transaction Price ‒ Asien’s agrees with customers on the selling price of each transaction. This transaction price is generally based on the agreed upon sales price. In Asien’s contracts with customers, it allocates the entire transaction price to the sales price, which is the basis for the determination of the relative standalone selling price allocated to each performance obligation. Any sales tax that Asien’s collects concurrently with revenue-producing activities are excluded from revenue. Cost of revenue includes the cost of purchased merchandise plus freight and any applicable delivery charges from the vendor to Asien’s. Substantially all Asien’s sales are to individual retail consumers (homeowners), builders and designers. The large majority of customers are homeowners and their contractors, with the homeowner being key in the final decisions. Asien’s has a diverse customer base with no one client accounting for more than 5% of total revenue. Customer deposits ‒ Asien’s records customer deposits when payments are received in advance of the delivery of the merchandise. Asien’s expects that substantially all of the customer deposits will be recognized within six months as the performance obligations are satisfied. Construction Segment Kyle’s generates revenues from providing cabinet design, construction and installation primary from cabinet-related products and supplies. Kyle’s provides cabinet design, construction and installation services to customers with both residential and commercial projects. A majority of Kyle’s contracts are recurring work from a builder team. Kyle’s will provide pricing and work with individual homeowners, designers and builders to determine pricing options and upgrades to the base proposed contact pricing. Performance Obligations – For substantially all landscaping construction contracts, Kyle’s recognizes revenue over time, as performance obligations are satisfied, on a percentage completion basis on a total project cost basis. Typical contacts will last approximately 4-6 weeks from start to the substantial completion of the project. Significant Judgments and Estimates – For cabinet construction contracts, measuring the percent completion on an individual project requires estimates obtained by discussions with field personnel. Estimates are also used in determining the total estimated total costs of a project. These estimates and assumptions are the best information management has at the time percent complete is calculated. Kyle’s employs the same estimation methodology on a quarterly basis. Accounts Receivable, Net – Accounts receivable, net, are amounts due from customers where there is an unconditional right to consideration. Contract assets and liabilities – Construction contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Contract liabilities consist of advance payments and billings in excess of revenue recognized. Automotive Supplies Segment Wolo designs and manufactures horn and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment and emergency vehicles. Focused on the automotive and industrial after-market, Wolo sells its products to big-box national retail chains, through specialty and industrial distributors, as well as on- line/mail order retailers and original equipment manufacturers. Wolo collects 100% of the payment for internet and phone orders, including tax, from the customer at the time the order is shipped. Customers placing orders with a purchase order through the EDI (Electronic Data Interface) are allowed to purchase on credit and make payment after receipt of product on the agreed upon terms. Performance Obligations – The revenue that Wolo recognizes arises from orders it receives from contracts with customers. Wolo’s performance obligations under the customer orders correspond to each sale of merchandise that it makes to customers and each order generally contains only one performance obligation based on the merchandise sale to be completed. Control of the delivery transfers to customers when the customer can direct the use of, and obtain substantially all the benefits from, Wolo’s products, which generally occurs when the customer assumes the risk of loss. The transfer of control generally occurs at the point of shipment of the order. Once this occurs, Wolo has satisfied its performance obligation and Wolo recognizes revenue. Transaction Price ‒ Wolo agrees with customers on the selling price of each transaction. This transaction price is generally based on the agreed upon sales price. In Wolo’s contracts with customers, it allocates the entire transaction price to the sales price, which is the basis for the determination of the relative standalone selling price allocated to each performance obligation. Any sales tax that Wolo collects concurrently with revenue-producing activities are excluded from revenue. Cost of sales includes the cost of purchased merchandise plus freight, warehouse salaries, tariffs, and any applicable delivery charges from the vendor to Wolo. Warranties vary and are typically 90 days to consumers and manufacturing defect warranty to are available to resellers. At times, depending on the product, Wolo can also offer a warranty up to 12 months.
Receivables	Receivables Receivables consist of credit card transactions in the process of settlement. Vendor rebates receivable represent amounts due from manufactures from whom the Company purchases products. Rebates receivable are stated at the amount that management expects to collect from manufacturers, net of accounts payable amounts due the vendor. Rebates are calculated on product and model sales programs from specific vendors. The rebates are paid at intermittent periods either in cash or through issuance of vendor credit memos, which can be applied against vendor accounts payable. Based on the Company’s assessment of the credit history with its manufacturers, it has concluded that there should be no allowance for uncollectible accounts. The Company historically collects substantially all of its outstanding rebates receivables. Uncollectible balances are expensed in the period it is determined to be uncollectible.
Inventory	Inventory For Asien’s, inventory mainly consists of appliances that are acquired for resale and is valued at the average cost determined on a specific item basis. Inventory also consists of parts that are used in service and repairs and may or may not be charged to the customer depending on warranty and contractual relationship. Kyle’s typically orders inventory on a job-by-job basis and those jobs are put into production within hours of being received. The inventory in production is accounted for in the contact assets and liabilities and follows the percentage completion methodology. Inventories consisting of materials and supplies are stated at lower of costs or market. Wolo’s inventory consists of finished goods acquired for resale and is valued at the weighted-average cost determined on a specific item basis. The Company periodically evaluates the value of items in inventory and provides write-downs to inventory based on its estimate of market conditions. The Company estimated an obsolescence allowance of $160,824 and $12,824 at September 30, 2021 and December 31, 2020, respectively.
Property and Equipment	Property and Equipment Property and equipment is stated at historical cost less accumulated depreciation. Depreciation of furniture, vehicles and equipment is calculated using the straight-line method over the estimated useful lives as follows: Useful Life Building and Improvements 4 Machinery and Equipment 3-7 Trucks and Vehicles 3-6
Goodwill and Intangible Assets	Goodwill and Intangible Assets In applying the acquisition method of accounting, amounts assigned to identifiable assets and liabilities acquired were based on estimated fair values as of the date of acquisition, with the remainder recorded as goodwill. Identifiable intangible assets are initially recorded at fair value using generally accepted valuation methods appropriate for the type of intangible asset. Identifiable intangible assets with definite lives are amortized over their estimated useful lives and are reviewed for impairment if indicators of impairment arise. Intangible assets with indefinite lives are tested for impairment within one year of acquisitions or annually as of December 1, and whenever indicators of impairment exist. The fair value of intangible assets are compared with their carrying values, and an impairment loss would be recognized for the amount by which a carrying amount exceeds its fair value. Acquired identifiable intangible assets are amortized over the following periods: Acquired intangible Asset Amortization Basis Expected Life (years) Customer-Related Straight-line basis 5-15 Marketing-Related Straight-line basis 5
Long-Lived Assets	Long-Lived Assets The Company reviews its property and equipment and any identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The test for impairment is required to be performed by management at least annually. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted operating cash flow expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, certificates of deposit and amounts due to shareholders. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The three-level hierarchy is as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities. Level 2 – Observable market-based inputs or inputs that are corroborated by market data. Level 3 - Unobservable inputs that are not corroborated by market date. The Company’s held to maturity securities are comprised of certificates of deposit.
Derivative Instrument Liability	Derivative Instrument Liability The Company accounts for derivative instruments in accordance with ASC 815, Derivatives and Hedging
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Stock-Based Compensation	Stock-Based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation-Stock Compensation
Basic Income (Loss) Per Share	Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. As the Company had a net loss for the three ended September 30, 2021, potentially dilutive securities were excluded from diluted loss per share: 4,450,460 for outstanding warrants and 5,265,722 for principal and accrued interest of Series A convertible preferred shares. As the Company had a net income for the nine months ended September 30, 2021, the following potentially dilutive securities were included in diluted loss per share under the treasury method: 4,450,460 outstanding warrants and 5,265,722 for the conversion of Series A convertible preferred shares and cumulative dividends. As the Company had a net loss for the three and nine months ended September 30, 2020, the following 2,189,835 potentially dilutive securities were excluded from diluted loss per share: 2,189,835 for outstanding warrants.
Leases	Leases ASC 842 requires recognition of leases on the consolidated balance sheets as right-of-use (“ROU”) assets and lease liabilities. ROU assets represent the Company’s right to use underlying assets for the lease terms and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value and future minimum lease payments over the lease term at commencement date. As the Company’s leases do not provide an implicit rate, the Company used its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. A number of the lease agreements contain options to renew and options to terminate the leases early. The lease term used to calculate ROU assets and lease liabilities only includes renewal and termination options that are deemed reasonably certain to be exercised. The Company recognized lease liabilities, with corresponding ROU assets, based on the present value of unpaid lease payments for existing operating leases longer than twelve months. The ROU assets were adjusted per ASC 842 transition guidance for existing lease-related balances of accrued and prepaid rent, and unamortized lease incentives provided by lessors. Operating lease cost is recognized as a single lease cost on a straight-line basis over the lease term and is recorded in selling, general and administrative expenses. Variable lease payments for common area maintenance, property taxes and other operating expenses are recognized as expense in the period when the changes in facts and circumstances on which the variable lease payments are based occur. The Company has elected not to separate lease and non-lease components for all property leases for the purposes of calculating ROU assets and lease liabilities.
Going Concern Assessment	Going Concern Assessment Management assesses going concern uncertainty in the Company’s consolidated financial statements to determine whether there is sufficient cash on hand and working capital, including available borrowings on loans, to operate for a period of at least one year from the date the unaudited consolidated financial statements are issued or available to be issued, which is referred to as the “look-forward period”, as defined in GAAP. As part of this assessment, based on conditions that are known and reasonably knowable to management, management will consider various scenarios, forecasts, projections, estimates and will make certain key assumptions, including the timing and nature of projected cash expenditures or programs, its ability to delay or curtail expenditures or programs and its ability to raise additional capital, if necessary, among other factors. Based on this assessment, as necessary or applicable, management makes certain assumptions around implementing curtailments or delays in the nature and timing of programs and expenditures to the extent it deems probable those implementations can be achieved and management has the proper authority to execute them within the look-forward period. The Company has generated operating losses since its inception and has relied on cash on hand, sales of securities, external bank lines of credit, and issuance of third-party and related party debt to support cashflow from operations. For the nine months ended September 30, 2021, the Company incurred operating losses of $1,450,727 (before deducting losses attributable to non-controlling interests and excluding the loss of discontinued operations and gain on the disposition of subsidiary), cash flows used in operations of $381,346 (excluding the cashflow from discontinued operations) and negative working capital of $1,373,869 (excluding the negative working capital from discontinued operations). On October 8, 2021, the Company and each of its subsidiaries 1847 Asien, 1847 Wolo, 1847 Cabinet, Asien’s, Wolo Mfg, Wolo H&S, Kyle’s, High Mountain and Sierra Homes, entered into a note purchase agreement with two institutional investors, pursuant to which the Company issued to these purchasers secured convertible promissory notes in the aggregate principal amount of $24,860,000. The notes contain an aggregate original issue discount of $497,200. As a result, the total purchase price was $24,362,800. After payment of expenses of $742,825, the Company received net proceeds of $23,619,975, of which $10,687,500 was used to fund the cash portion of the purchase price for the acquisition of High Mountain and Sierra Homes (see Note 18). Management has prepared estimates of operations for fiscal year 2022 and believes that sufficient funds will be generated from operations to fund its operations and to service its debt obligations for one year from the date of the filing of the unaudited consolidated financial statements in the Company’s Quarterly Report on Form 10-Q, which indicate improved operations and the Company’s ability to continue operations as a going concern. The impact of COVID-19 on the Company’s business has been considered in these assumptions; however, it is too early to know the full impact of COVID-19 or its timing on a return to more normal operations. Further, the recently enacted CARES Act provides for economic assistance loans through the SBA. On April 28, 2020, Asien’s received $357,500 in PPP loans from the SBA under the CARES Act. The PPP provides that the PPP loans may be partially or wholly forgiven if the funds are used for certain qualifying expenses as described in the CARES Act. Asien’s used the proceeds from the PPP loans for qualifying expenses and to applied for forgiveness of the PPP loans in accordance with the terms of the CARES Act. On February 16, 2021, Asien’s received notice from Exchange Bank that its loan had been forgiven in its entirety by the SBA. The accompanying unaudited consolidated financial statements have been prepared on a going concern basis under which the Company is expected to be able to realize its assets and satisfy its liabilities in the normal course of business. Management believes that based on relevant conditions and events that are known and reasonably knowable that its forecasts for one year from the date of the filing of the unaudited consolidated financial statements in the Company’s Quarterly Report on Form 10-Q indicate improved operations and the Company’s ability to continue operations as a going concern. The Company has contingency plans to reduce or defer expenses and cash outlays should operations not improve in the look forward period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment. In June 2016, the FASB issued ASU 2016-13 Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Schedule of property and equipment useful lives	Useful Life Building and Improvements 4 Machinery and Equipment 3-7 Trucks and Vehicles 3-6
Schedule of identifiable intangible assets	Acquired intangible Asset Amortization Basis Expected Life (years) Customer-Related Straight-line basis 5-15 Marketing-Related Straight-line basis 5

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2021
Business Segments [Abstract]
Schedule of business segments	Three Months Ended September 30, 2021 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 3,145,955 $ - $ - $ - $ 3,145,955 Construction - 1,338,428 - - 1,338,428 Automotive supplies - - 2,250,645 - 2,250,645 Total Revenue 3,145,955 1,338,428 2,250,645 - 6,735,028 Total cost of sales 2,300,664 805,513 1,466,946 - 4,573,123 Total operating expenses 683,110 612,880 1,249,778 475,679 3,021,447 Income (loss) from operations $ 162,181 $ (79,965 ) $ (466,079 ) $ (475,679 ) $ (859,542 ) Three Months Ended September 30, 2020 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 3,141,313 $ - $ - $ - $ 3,141,313 Construction - - - - - Automotive supplies - - - - - Total Revenue 3,141,313 - - - 3,141,313 Total cost of sales 2,429,714 - - - 2,429,714 Total operating expenses 843,000 - - 126,836 969,836 Loss from operations $ (131,401 ) $ - $ - $ (126,836 ) $ (258,237 ) Nine Months Ended September 30, 2021 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 9,762,939 $ - $ - $ - $ 9,762,939 Construction - 4,169,305 - - 4,169,305 Automotive supplies - - 4,231,013 - 4,231,013 Total Revenue 9,762,939 4,169,305 4,231,013 - 18,163,257 Total cost of sales 7,409,913 2,280,009 2,658,672 - 12,348,594 Total operating expenses 2,095,280 1,687,998 2,509,008 973,105 7,265,391 Income (loss) from operations $ 257,746 $ 201,298 $ (936,667 ) $ (973,105 ) $ (1,450,728 ) Nine Months Ended September 30, 2020 Retail & Appliances Construction Automotive Supplies Corporate Services Total Revenue Furniture and appliances $ 4,327,294 $ - $ - $ - $ 4,327,294 Construction - - - - - Automotive supplies - - - - - Total Revenue 4,327,294 - - - 4,327,294 Total cost of sales 3,353,608 - - - 3,353,608 Total operating expenses 1,278,284 - - 648,488 1,926,772 Loss from operations $ (304,598 ) $ - $ - $ (648,488 ) $ (953,086 )

Cash Equivalents and Investme_2

Cash Equivalents and Investments (Tables)	9 Months Ended
	Sep. 30, 2021
Cash and Cash Equivalents [Abstract]
Schedule of cash and cash equivalents	September 30, December 31, Cash and cash equivalents Operating accounts $ 973,172 $ 976,538 Restricted accounts - 403,811 Subtotal $ 973,172 $ 1,380,349 Held to Maturity Investments Restricted accounts - certificates of deposit (4 – 24-month maturities, FDIC insured) $ 276,540 $ 276,270 Subtotal $ 276,540 $ 276,270 TOTAL $ 1,249,713 $ 1,656,619

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of major classes of assets and liabilities of the discontinued operations	December 31, Current Assets – discontinued operations: Cash $ 416,831 Accounts receivable, net 334,095 Inventories, net 305,080 Prepaid expenses and other current assets 268,602 Total current assets – discontinued operations 1,324,608 Noncurrent Assets – discontinued operations: Property and equipment, net 1,925,844 Operating lease right of use assets 501,827 Goodwill 22,166 Intangible assets, net 7,933 Total noncurrent assets $ 2,457,770 Current liabilities – discontinued operations: Accounts payable and accrued expenses $ 484,852 Current portion of operating lease liability 67,725 Notes payable – current portion 446,545 Total current liabilities – discontinued operations 999,122 Long term liabilities – discontinued operations: Notes payable – long term, net of current portion 4,187,376 Accrued expenses – long term, related party 1,359,989 Financing lease liability, net of current portion 434,102 Total long term liabilities – discontinued operations $ 5,981,467
Schedule of consolidated statements of operations from discontinued operations	Nine Months Ended Nine Months Ended Three Months REVENUES Services $ 612,862 $ 1,853,721 $ 640,695 Sales of parts and equipment 324,189 2,053,964 1,448,917 Furniture and appliances - 38,397,306 13,435,098 TOTAL REVENUE 937,051 42,304,991 15,524,710 OPERATING EXPENSES Cost of sales 298,050 33,913,519 12,588,302 Personnel costs 485,774 5,780,986 2,571,387 Depreciation and amortization 360,746 1,213,102 405,499 Fuel 112,746 275,368 89,169 General and administrative 290,872 7,407,433 3,315,868 TOTAL OPERATING EXPENSES 1,548,188 48,590,408 18,970,226 LOSS FROM OPERATIONS (611,137 ) (6,285,417 ) (3,445,516 ) OTHER INCOME (EXPENSE) Financing costs and loss on early extinguishment of debt (320 ) (2,646,757 ) (508,943 ) Gain on forgiveness of debt 380,247 - (903,570 ) Gain on sale of assets 548,723 54,748 16,981 Loss on acquisition receivable - (809,000 ) - Change in warrant liability - (2,127,656 ) - Interest expense (78,308 ) (913,028 ) (235,927 ) Other income (expense) 1,200 9,400 3,075 TOTAL OTHER INCOME (EXPENSE) 851,542 (6,432,293 ) (1,628,384 ) NET LOSS BEFORE INCOME TAXES 240,405 (12,717,710 ) (5,073,900 ) INCOME TAX BENEFIT - (2,309,929 ) (873,176 ) NET INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS 240,405 (10,407,780 ) (4,200,724 ) LESS NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 108,182 (3,260,361 ) (1,669,777 ) NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS $ 132,223 $ (7,147,420 ) $ (2,530,948 )
Schedule of consolidated statements of cash flows relating to discontinued operations	Nine Months Ended 2021 2020 Cash flows from operating activities of discontinued operations: Net Income (Loss) $ 240,405 $ (10,407,780 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities of discontinued operations: Depreciation and amortization 360,746 1,213,357 Amortization of financing costs and warrant features 2,187 841,305 Stock compensation - 281,194 Amortization of operating lease right-of-use assets 19,007 47,033 Gain on forgiveness of PPP loans (380,247 ) - Loss on extinguishment of debt - 1,699,463 Gain on sale of equipment (548,723 ) (54,748 ) Change in fair value of warrant liability - 2,127,656 Write-off of acquisition receivable - 809,000 Changes in operating assets and liabilities: Accounts receivable 10,698 637,776 Inventory (161,286 ) (2,239,997 ) Prepaid expenses and other assets 49,222 (873,580 ) Accounts payable and accrued expenses 118,980 2,656,694 Change in operating lease ROU assets - 314,332 Operating lease liability (19,007 ) (361,365 ) Vendor deposits - (252,688 ) Deposits - 12,925,530 Customer deposits - (1,962,129 ) Accrued expense long-term 137,438 340,656 Net cash used in operating activities from discontinued operations $ (170,580 ) $ 7,741,709 Cash flows from investing activities in discontinued operations: Proceeds from sale of equipment $ 675,000 $ 49,494 Purchase of equipment (30,697 ) (67,396 ) Net cash provided by (used in) investing activities in discontinued operations $ 644,303 $ (17,902 ) Cash flows from financing activities in discontinued operations: Proceeds from initial public offering - 8,602,166 Proceeds from note payable $ 380,385 $ 1,612,297 Repayments of notes payable (589,078 ) (2,432,337 ) Payments on convertible notes payable - (771,431 ) Repayment of floor plan - (10,581 ) Net borrowings from lines of credit - (1,339,430 ) Financing fees - (219,110 ) Repayment of financing lease - (634,458 ) Net cash used in financing activities in discontinued operations $ (208,693 ) $ 4,807,116

Accounts Receivables (Tables)

Accounts Receivables (Tables)	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Schedule of receivables	September 30, December 31, Credit card payments in process of settlement $ 137,489 $ 158,924 Trade receivables from customers 1,976,848 366,701 Total receivables 2,114,337 525,625 Allowance for doubtful accounts - - Accounts receivable, net $ 2,114,337 $ 525,625

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Schedule of inventory	September 30, December 31, Parts and components $ 24,554 $ 6,308 Appliances 1,974,708 2,029,270 Automotive 2,317,488 - Subtotal 4,316,750 2,035,578 Allowance for inventory obsolescence (160,824 ) (12,824 ) Inventories, net $ 4,155,926 $ 2,022,754

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Classification September 30, December 31, Buildings and improvements $ 241,225 $ 42,601 Equipment and machinery 69,011 173,792 Trucks and other vehicles 365,552 213,850 Total 675,788 430,243 Less: Accumulated depreciation (113,553 ) (31,740 ) Property and equipment, net $ 562,235 $ 398,503

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	September 30, December 31, Customer Relationships Identifiable intangible assets $ 3,422,000 $ 3,189,000 Accumulated amortization (230,636 ) (63,419 ) Customer relationship identifiable intangible assets, net 3,191,364 3,125,581 Marketing Related Identifiable intangible assets 1,833,000 841,000 Accumulated amortization (314,250 ) (81,114 ) Marketing related identifiable intangible assets, net 1,518,750 759,886 Technology Related Identifiable intangible assets 623,000 - Accumulated amortization (62,298 ) - Technology related identifiable intangible assets, net 560,702 - Total Identifiable intangible assets, net $ 5,270,816 $ 3,885,467
Schedule of estimated annual amortization expense	2021 (remainder) $ 182,427 2022 729,708 2023 729,708 2024 729,678 2025 596,529 Thereafter 2,302,766 Total $ 5,270,816

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2021
Acquisitions (Tables) [Line Items]
Schedule of preliminary analysis for the wolo acquisition	Purchase consideration at preliminary fair value: Notes payable $ 850,000 Cash 6,550,000 Net cash paid to Seller (post closing) 944,055 Amount of consideration $ 8,344,055 Assets acquired and liabilities assumed at preliminary fair value Cash $ 1,171,654 Accounts receivable 1,860,107 Inventory 1,991,629 Customer related intangibles 233,000 Marketing related intangibles 992,000 Technology related intangibles 623,000 Other current assets 218,154 Deferred tax liability (325,000 ) Accounts payable and accrued expenses (111,442 ) Net tangible assets acquired $ 6,653,102 Total net assets acquired $ 8,344,055 Consideration paid 6,653,102 Preliminary Goodwill $ 1,690,953
Schedule of income statement	Nine Months Ended 2021 2020 Revenues, net $ 20,521,944 $ 17,163,879 Net income (loss) $ (1,794,399 ) $ (671,350 ) Basic earnings (loss) per share $ (0.38 ) $ (0.16 ) Diluted earnings (loss) per share $ (0.38 ) $ (0.16 ) Basic Number of Shares (*) 4,718,671 4,309,526 Diluted Number of Shares (*) 4,718,671 4,309,526 * shares assuming as if issued as of January 1.
Asiens [Member]
Acquisitions (Tables) [Line Items]
Schedule of preliminary analysis for the Asien's purchase	Purchase Consideration at fair value: Common shares $ 1,037,500 Notes payable 855,000 Cash paid to Seller (post closing) 233,000 Amount of consideration $ 2,125,500 Assets acquired and liabilities assumed at fair value Cash $ 1,501,285 Accounts receivable 235,746 Inventories 1,457,489 Other current assets 41,427 Property and equipment 157,052 Customer related intangibles 462,000 Marketing related intangibles 547,000 Accounts payable and accrued expenses (280,752 ) Customer deposits (2,405,703 ) Notes payable (509,272 ) Other liabilities (23,347 ) Net assets acquired $ 1,182,925 Total net assets acquired $ 1,182,925 Consideration paid 2,125,500 Goodwill $ 942,575
Kyle’s Acquisition [Member]
Acquisitions (Tables) [Line Items]
Schedule of preliminary analysis for the Kyle’s Acquisition	Purchase consideration at fair value: Common shares $ 3,675,000 Notes payable 498,979 Cash 4,389,792 Amount of consideration $ 8,563,771 Assets acquired and liabilities assumed at fair value Cash $ 130,000 Accounts receivable 385,095 Costs in excess of billings 122,016 Other current assets 13,707 Property and equipment 200,737 Customer related intangibles 2,727,000 Marketing related intangibles 294,000 Accounts payable and accrued expenses (263,597 ) Billings in excess of costs (43,428 ) Other liabilities (49,000 ) Net tangible assets acquired $ 3,516,530 Total net assets acquired $ 3,516,530 Consideration paid 8,563,771 Goodwill $ 5,047,241

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Kyle's [Member]
Operating Leases (Tables) [Line Items]
Schedule of supplemental balance sheet information	September 30, Operating lease right-of-use lease asset $ 735,074 Accumulated amortization (68,164 ) Net balance $ 666,910 Lease liability, current portion 112,120 Lease liability, long term 558,181 Total operating lease liabilities $ 670,301 Weighted Average Remaining Lease Term - operating leases 55 months Weighted Average Discount Rate - operating leases 5.5 %
Schedule of future minimum lease payments	2021 (remainder of year) $ 48,314 2022 167,973 2023 171,282 2024 175,529 2025 148,416 2026 52,558 Total lease payments 764,072 Less imputed interest (93,771 ) Maturities of lease liabilities $ 670,301
Wolo [Member]
Operating Leases (Tables) [Line Items]
Schedule of supplemental balance sheet information	September 30, Operating lease right-of-use lease asset $ 153,663 Accumulated amortization 87,393 Net balance $ 66,270 Lease liability, current portion 67,111 Lease liability, long term - Total operating lease liabilities $ 67,111 Weighted Average Remaining Lease Term - operating leases 10 months Weighted Average Discount Rate - operating leases 6.0 %
Schedule of future minimum lease payments	2021 (remainder of year) $ 20,691 2022 48,279 Total lease payments 68,970 Less imputed interest (1,859 ) Maturities of lease liabilities $ 67,111

Shareholders_ Equity (Deficit)

Shareholders’ Equity (Deficit) (Tables)	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of warrant activity	Number of Common Stock Warrants Weighted average exercise price Weighted average life (years) Intrinsic value of Warrants Outstanding, January 1, 2021 2,632,278 $ 2.50 2.76 $ - Granted 1,818,182 2.50 3.00 - Exercised - - - - Canceled - - - - Outstanding, September 30, 2021 4,450,460 $ 2.50 2.21 $ - Exercisable, September 30, 2021 4,450,460 $ 2.50 2.21 $ -

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments	2021 (remainder of year) $ 11,962 2022 143,541 2023 143,541 2024 143,541 2025 143,541 2026 143,541 2027 134,409 Total lease payments $ 864,076

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosures of cash flow information	Nine Months Ended 2021 2020 Interest paid $ 139,016 $ - Income tax paid $ - $ - Business combinations: Current assets Current Assets $ 5,201,957 $ 1,734,663 Intangible assets 1,848,000 - Deferred tax liability - 157,052 Preliminary goodwill 1,690,915 1,720,726 Deferred tax liability (325,000 ) - Assumed liabilities (111,442 ) (3,195,726 ) Cash acquired in acquisitions, net of working capital adjustment $ 1,174,654 $ 1,268,285 Financing: Due to seller (net cash paid to seller after closing) $ 944,055 $ 233,000 Note payable seller $ 850,000 $ 855,000 Common Shares Deemed Dividend related to issuance of Preferred stock $ 1,527,086 $ - Additional Paid-in Capital – common shares and warrants issued $ 757,772 $ - Common stock $ - $ 415 Additional Paid in Capital $ - $ 829,585 Operating lease, ROU assets and liabilities $ 466,294 $ -

Organization and Nature of Bu_2

Organization and Nature of Business (Details)	Aug. 04, 2020	Jan. 10, 2019	Mar. 03, 2017	Apr. 19, 2021	Dec. 22, 2020	Aug. 27, 2020	Mar. 27, 2020	Sep. 30, 2021
Organization and Nature of Business (Details) [Line Items]
State of incorporation								1847 Holdings LLC (the “Company”) was formed under the laws of the State of Delaware on January 22, 2013.
Acquired interest, description				On April 19, 2021, the Company entered into a stock purchase agreement with the Neese Sellers, pursuant to which the Neese Sellers purchased the Company’s 55% ownership interest in 1847 Neese for a purchase price of $325,000 in cash (the “Neese Spin-Off”).
Asien Inc [Member]
Organization and Nature of Business (Details) [Line Items]
Acquired interest, description							As a result of this transaction, the Company owns 95% of 1847 Asien, with the remaining 5% held by a third-party, and 1847 Asien owns 100% of Asien’s.
Cabinet [Member]
Organization and Nature of Business (Details) [Line Items]
Acquired interest, description						As a result of this transaction, the Company owns 92.5% of 1847 Cabinet, with the remaining 7.5% held by a third-party, and 1847 Cabinet owns 100% of Kyle’s.
Wolo Inc [Member]
Organization and Nature of Business (Details) [Line Items]
Acquired interest, description					As a result of this transaction, the Company owns 92.5% of 1847 Wolo, with the remaining 7.5% held by a third-party, and 1847 Wolo owns 100% of Wolo Mfg and Wolo H&S.
Neese [Member]
Organization and Nature of Business (Details) [Line Items]
Acquired interest, description			As a result of this transaction, the Company owned 55% of 1847 Neese, with the remaining 45% held by the Neese Sellers.
Goedeker Television [Member]
Organization and Nature of Business (Details) [Line Items]
Acquired interest, description		As a result of this transaction, the Company owned 70% of Holdco, with the remaining 30% held by third parties, and Holdco owned 100% of Goedeker.
Goedeker IPO [Member]
Organization and Nature of Business (Details) [Line Items]
Acquired interest, description	Following this transaction, and the closing of Goedeker’s initial public offering on August 4, 2020 (the “Goedeker IPO”), the Company owned approximately 54.41% of Goedeker.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	Oct. 08, 2021USD ($)	Sep. 30, 2021USD ($)shares	Sep. 30, 2020shares	Sep. 30, 2021USD ($)shares	Sep. 30, 2020shares	Dec. 31, 2020USD ($)	Apr. 28, 2020USD ($)
Summary of Significant Accounting Policies (Details) [Line Items]
Number of reportable segments				3
Payroll protection program							$ 357,500
Retail and appliances segment, description				Asien’s collects 100% of the payment for special-order models including tax and 50% of the payment for non-special orders from the customer at the time the order is placed. Asien’s does not incur incremental costs obtaining purchase orders from customers, however, if Asien’s did, because all Asien’s contracts are less than a year in duration, any contract costs incurred would be expensed rather than capitalized.
Percentage relates to total revenue		5.00%		5.00%
Estimated obsolescence allowance		$ 160,824		$ 160,824		$ 12,824
Outstanding warrants (in Shares) | shares		4,450,460		4,450,460
Principal and accrued interest		$ 5,265,722		$ 5,265,722
Operating losses incurred				1,450,727
Incurred operating losses				381,346
Negative working capital				$ 1,373,869
Aggregate principal amount	$ 647,253
Additional borrowings	497,200
Purchase price	24,362,800
Payment of expenses	742,825
Net proceeds	23,619,975
Cash portion	10,687,500
Asien’s [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Payroll protection program							$ 357,500
Wolo [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Payment for internet and phone orders, percentage				100.00%
Convertible Notes Payable [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Outstanding warrants (in Shares) | shares					2,189,835
Potentially dilutive securities (in Shares) | shares			2,189,835
Secured Convertible Promissory Notes [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Aggregate principal amount	$ 24,860,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of property and equipment useful lives	9 Months Ended
	Sep. 30, 2021
Building and Improvements [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	4 years
Minimum [Member] | Machinery and Equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	3 years
Minimum [Member] | Trucks and Vehicles [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	3 years
Maximum [Member] | Machinery and Equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	7 years
Maximum [Member] | Trucks and Vehicles [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	6 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of identifiable intangible assets	9 Months Ended
	Sep. 30, 2021
Customer-Related [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization Basis	Straight-line basis
Customer-Related [Member] | Minimum [Member]
Indefinite-lived Intangible Assets [Line Items]
Expected Life (years)	5 years
Customer-Related [Member] | Maximum [Member]
Indefinite-lived Intangible Assets [Line Items]
Expected Life (years)	15 years
Marketing-Related [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization Basis	Straight-line basis
Expected Life (years)	5 years

Business Segments (Details) - S

Business Segments (Details) - Schedule of business segments - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Furniture and appliances	$ 3,145,955	$ 3,141,313	$ 9,762,939	$ 4,327,294
Construction	1,338,428		4,169,305
Automotive supplies	2,250,645		4,231,013
Total Revenue	6,735,028	3,141,313	18,163,257	4,327,294
Total cost of sales	4,573,123	2,429,714	12,348,594	3,353,608
Total operating expenses	3,021,447	969,836	7,265,391	1,926,772
Income (loss) from operations	(859,542)	(258,237)	(1,450,728)	(953,086)
Retail & Appliances [Member]
Revenue
Furniture and appliances	3,145,955	3,141,313	9,762,939	4,327,294
Construction
Automotive supplies
Total Revenue	3,145,955	3,141,313	9,762,939	4,327,294
Total cost of sales	2,300,664	2,429,714	7,409,913	3,353,608
Total operating expenses	683,110	843,000	2,095,280	1,278,284
Income (loss) from operations	162,181	(131,401)	257,746	(304,598)
Construction [Member]
Revenue
Furniture and appliances
Construction	1,338,428		4,169,305
Automotive supplies
Total Revenue	1,338,428		4,169,305
Total cost of sales	805,513		2,280,009
Total operating expenses	612,880		1,687,998
Income (loss) from operations	(79,965)		201,298
Automotive Supplies [Member]
Revenue
Furniture and appliances
Construction
Automotive supplies	2,250,645		4,231,013
Total Revenue	2,250,645		4,231,013
Total cost of sales	1,466,946		2,658,672
Total operating expenses	1,249,778		2,509,008
Income (loss) from operations	(466,079)		(936,667)
Corporate Services [Member]
Revenue
Furniture and appliances
Construction
Automotive supplies
Total Revenue
Total cost of sales
Total operating expenses	475,679	126,836	973,105	648,488
Income (loss) from operations	$ (475,679)	$ (126,836)	$ (973,105)	$ (648,488)

Cash Equivalents and Investme_3

Cash Equivalents and Investments (Details) - Schedule of cash and cash equivalents - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Cash and cash equivalents
Operating accounts	$ 973,172	$ 976,538
Restricted accounts		403,811
Subtotal	973,172	1,380,349
Held to Maturity Investments
Restricted accounts - certificates of deposit (4 – 24-month maturities, FDIC insured)	276,540	276,270
Subtotal	276,540	276,270
TOTAL	$ 1,249,713	$ 1,656,619

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)

Aug. 04, 2020

Apr. 08, 2020

Apr. 05, 2019

Jun. 13, 2018

Oct. 23, 2020

Aug. 31, 2020

Aug. 25, 2020

Jun. 30, 2020

Jun. 29, 2020

Jun. 24, 2019

Apr. 05, 2019

Oct. 31, 2017

Sep. 30, 2021

Sep. 30, 2020

Dec. 31, 2019

Dec. 31, 2020

Discontinued Operations (Details) [Line Items]

Loan and security agreement, description

(i) the borrowing base (as defined in the loan and security agreement) or (ii) $1,500,000 minus reserves established Burnley at any time in accordance with the loan and security agreement. In connection with the closing of the acquisition of Goedeker Television on April 5, 2019, Goedeker borrowed $744,000 under the loan and security agreement and issued a revolving note to Burnley in the principal amount of up to $1,500,000. As of December 31, 2019, the balance of the line of credit was $571,997.

Total payoff amount

$ 118,194

Principal amount

32,350

Interest amount

42

Prepayment legal and other fees

85,802

Loans aggregate maximum loan amount

$ 2,250,000

$ 1,000,000

Debt Instrument, Interest Rate, Stated Percentage

7.99%

Line of credit

$ 678,993

Term loan agreement, description

Home State Bank, pursuant to which Neese issued a promissory note to Home State Bank in the principal amount of $3,654,074 with an annual interest rate of 6.85% and with covenants to maintain a minimum debt coverage ratio of 1.00 to 1.25 measured at December 31, 2020. Neese met this covenant for the year ended December 31, 2020. On July 30, 2020, Neese entered into a change in terms agreement with Home State Bank to amend the terms of the term loan. Pursuant to the change in terms agreement: (i) the maturity date was extended to July 30, 2022; (ii) the interest rate was changed to 5.50%; (iii) Neese agreed to pay accrued interest in the amount of $95,970; (iv) Neese agreed to make payments of $30,000 beginning on September 30, 2020 and continuing thereafter on a monthly basis until maturity, at which time a final interest payment is due; (v) Neese agreed to make a payment of $260,000 on December 30, 2020 and December 30, 2021; (vi) Neese agreed to make two new advances under the note in the amounts $51,068 and $517,529 to repay in full Neese’s capital lease transactions due to Utica Leaseco LLC described below; (vii) Neese agreed to pay a loan fee of $17,500; and (viii) Home State Bank agreed to make a loan advance to checking for $17,500. The balance of the note amounts to $3,225,321, comprised of principal of $3,239,176, net of unamortized debt discount of $13,855 as of December 31, 2020.

Appraised value of equipment

$ 400,000

$ 145,690

Loan principal amount

$ 3,500,000

Debt outstanding balance of loan

$ 3,340,602

$ 999,201

Debt comprised of principal amount

3,446,126

Net of unamortized loan costs

103,524

PPP Loan, description

Goedeker received a $642,600 PPP loan from the SBA under the provisions of the CARES Act. The PPP loan had an 18-month term and bore interest at a rate of 1.0% per annum. Monthly principal and interest payments were deferred for six months after the date of disbursement. The PPP provides that the loan could be partially or wholly forgiven if the funds were used for certain qualifying expenses as described in the CARES Act. The balance of the PPP loan was $642,600 as of September 30, 2020 and was classified as a current liability.

Small business community Capital term loan principal amount

$ 1,500,000

Debt term principal amount

$ 1,500,000

Senior capital stock, percentage

5.00%

5.00%

Fully-diluted basis for an aggregate price

$ 100

Loan and security agreement total payoff amount

1,122,412

Debt consisting of principal amount

1,066,640

Interest

11,773

prepayment, legal, and other fees

$ 43,999

Warrant from the estimated value

$ 122,344

Derivative liability charge amount

$ 2,127,656

Warrant into shares of common stock (in Shares)

250,000

Goedeker television, description

as representative of Goedeker Television, of a 9% subordinated promissory note in the principal amount of $4,100,000. As of December 31, 2019, the balance of the note was $3,300,444.

Payments of principal and interest, description

(i) the principal amount of the existing note was increased by $250,000, (ii) upon the closing of the Goedeker IPO, Goedeker agreed to make all payments of principal and interest due under the note through the date of the closing, and (iii) from and after the closing, the interest rate of the note was increased from 9% to 12%. In accordance with the terms of the amended and restated note, Goedeker used a portion of the proceeds from the Goedeker IPO to pay $1,083,842 of the balance of the note representing a $696,204 reduction in the principal balance and interest accrued through August 4, 2020 of $387,638.

Loss on extinguishment of debt

$ 757,239

$ 360,302

Forbearance fee

250,000

Write-off of unamortized loan discount

338,873

Write-off of unamortized debt costs

$ 168,366

Secured convertible promissory note aggregate principal amount

$ 714,286

$ 714,286

Balance of lease

$ 475,000

Lease payment, description

The lease was payable in 46 payments of $12,882 beginning July 3, 2018 and an end-of-term buyout of $38,000.

Lease description

the parties entered into a second equipment schedule to the master lease agreement, pursuant to which Utica loaned an aggregate of $980,000 for certain of Neese’s equipment listed therein. The term of the second equipment schedule was 51 months and agreed monthly payments are $25,807.

Capital lease

$ 568,597

Utica [Member]

Discontinued Operations (Details) [Line Items]

Proceeds from loan

$ 3,240,000

10% Promissory Note [Member]

Discontinued Operations (Details) [Line Items]

Description for prepayment of the promissory note and accrued interest

the principal amount of $1,025,000 by 1847 Neese and Neese to the Neese Sellers. The note bears interest on the outstanding principal amount at the rate of ten percent (10%) per annum and was due and payable in full on March 3, 2018. The note is unsecured and contains customary events of default. The note has not been repaid, so the Company is in default under this note. Under terms of the term loan with Home State Bank described above, this note may not be paid until the term loan is paid in full. The payees on the note agreed to the modification of its terms by signing the loan agreement for the Home State Bank term loan. Accordingly, the loan is shown as a long-term liability as of December 31, 2020. Additionally, Home State Bank limits the payment of interest on this note to $40,000 annually. The Company continued to accrue interest at the contract rate; however, given the limitations of the term loan, all accrued interest in excess of $40,000 is included in long-term accrued expenses.

Discontinued Operations (Deta_2

Discontinued Operations (Details) - Schedule of major classes of assets and liabilities of the discontinued operations - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets – discontinued operations:
Cash		$ 416,831
Accounts receivable, net		334,095
Inventories, net		305,080
Prepaid expenses and other current assets		268,602
Total current assets – discontinued operations		1,324,608
Noncurrent Assets – discontinued operations:
Property and equipment, net		1,925,844
Operating lease right of use assets		501,827
Goodwill		22,166
Intangible assets, net		7,933
Total noncurrent assets		2,457,770
Current liabilities – discontinued operations:
Accounts payable and accrued expenses		484,852
Current portion of operating lease liability		67,725
Notes payable – current portion		446,545
Total current liabilities – discontinued operations		999,122
Long term liabilities – discontinued operations:
Notes payable – long term, net of current portion		4,187,376
Accrued expenses – long term, related party		1,359,989
Financing lease liability, net of current portion		434,102
Total long term liabilities – discontinued operations		$ 5,981,467

Discontinued Operations (Deta_3

Discontinued Operations (Details) - Schedule of consolidated statements of operations from discontinued operations - USD ($)	2 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
REVENUES
Services	$ 640,695	$ 612,862	$ 1,853,721
Sales of parts and equipment	1,448,917	324,189	2,053,964
Furniture and appliances	13,435,098		38,397,306
TOTAL REVENUE	15,524,710	937,051	42,304,991
OPERATING EXPENSES
Cost of sales	12,588,302	298,050	33,913,519
Personnel costs	2,571,387	485,774	5,780,986
Depreciation and amortization	405,499	360,746	1,213,102
Fuel	89,169	112,746	275,368
General and administrative	3,315,868	290,872	7,407,433
TOTAL OPERATING EXPENSES	18,970,226	1,548,188	48,590,408
LOSS FROM OPERATIONS	(3,445,516)	(611,137)	(6,285,417)
OTHER INCOME (EXPENSE)
Financing costs and loss on early extinguishment of debt	(508,943)	(320)	(2,646,757)
Gain on forgiveness of debt	(903,570)	380,247
Gain on sale of assets	16,981	548,723	54,748
Loss on acquisition receivable			(809,000)
Change in warrant liability			(2,127,656)
Interest expense	(235,927)	(78,308)	(913,028)
Other income (expense)	3,075	1,200	9,400
TOTAL OTHER INCOME (EXPENSE)	(1,628,384)	851,542	(6,432,293)
NET LOSS BEFORE INCOME TAXES	(5,073,900)	240,405	(12,717,710)
INCOME TAX BENEFIT	(873,176)		(2,309,929)
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS	(4,200,724)	240,405	(10,407,780)
LESS NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	(1,669,777)	108,182	(3,260,361)
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS	$ (2,530,948)	$ 132,223	$ (7,147,420)

Discontinued Operations (Deta_4

Discontinued Operations (Details) - Schedule of consolidated statements of cash flows relating to discontinued operations - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities of discontinued operations:
Net Income (Loss)	$ 240,405	$ (10,407,780)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities of discontinued operations:
Depreciation and amortization	360,746	1,213,357
Amortization of financing costs and warrant features	2,187	841,305
Stock compensation		281,194
Amortization of operating lease right-of-use assets	19,007	47,033
Gain on forgiveness of PPP loans	(380,247)
Loss on extinguishment of debt		1,699,463
Gain on sale of equipment	(548,723)	(54,748)
Change in fair value of warrant liability		2,127,656
Write-off of acquisition receivable		809,000
Changes in operating assets and liabilities:
Accounts receivable	10,698	637,776
Inventory	(161,286)	(2,239,997)
Prepaid expenses and other assets	49,222	(873,580)
Accounts payable and accrued expenses	118,980	2,656,694
Change in operating lease ROU assets		314,332
Operating lease liability	(19,007)	(361,365)
Vendor deposits		(252,688)
Deposits		12,925,530
Customer deposits		(1,962,129)
Accrued expense long-term	137,438	340,656
Net cash used in operating activities from discontinued operations	(170,580)	7,741,709
Cash flows from investing activities in discontinued operations:
Proceeds from sale of equipment	675,000	49,494
Purchase of equipment	(30,697)	(67,396)
Net cash provided by (used in) investing activities in discontinued operations	644,303	(17,902)
Cash flows from financing activities in discontinued operations:
Proceeds from initial public offering		8,602,166
Proceeds from note payable	380,385	1,612,297
Repayments of notes payable	(589,078)	(2,432,337)
Payments on convertible notes payable		(771,431)
Repayment of floor plan		(10,581)
Net borrowings from lines of credit		(1,339,430)
Financing fees		(219,110)
Repayment of financing lease		(634,458)
Net cash used in financing activities in discontinued operations	$ (208,693)	$ 4,807,116

Accounts Receivables (Details)

Accounts Receivables (Details) - Schedule of receivables - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Schedule of receivables [Abstract]
Credit card payments in process of settlement	$ 137,489	$ 158,924
Trade receivables from customers	1,976,848	366,701
Total receivables	2,114,337	525,625
Allowance for doubtful accounts
Accounts receivable, net	$ 2,114,337	$ 525,625

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventory - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Inventory [Line Items]
Subtotal	$ 4,316,750	$ 2,035,578
Allowance for inventory obsolescence	(160,824)	(12,824)
Inventories, net	4,155,926	2,022,754
Parts and components [Member]
Inventory [Line Items]
Subtotal	24,554	6,308
Appliances [Member]
Inventory [Line Items]
Subtotal	1,974,708	2,029,270
Automotive [Member]
Inventory [Line Items]
Subtotal	$ 2,317,488

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 85,005	$ 16,183

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total	$ 675,788	$ 430,243
Less: Accumulated depreciation	(113,553)	(31,740)
Property and equipment, net	562,235	398,503
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Total	241,225	42,601
Equipment and machinery [Member]
Property, Plant and Equipment [Line Items]
Total	69,011	173,792
Trucks and other vehicles [Member]
Property, Plant and Equipment [Line Items]
Total	$ 365,552	$ 213,850

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Intangible Assets (Details) [Line Items]
Weighted average estimated useful life	10 years 3 months 18 days
Amortization expense	$ 462,651	$ 46,736
Customer Relationships [Member]
Intangible Assets (Details) [Line Items]
Identifiable intangible assets	1,848,000
Customer Relationships [Member] | Asien, Neese and Kyle [Member]
Intangible Assets (Details) [Line Items]
Identifiable intangible assets	1,009,000
Trade Names [Member] | Asien, Neese and Kyle [Member]
Intangible Assets (Details) [Line Items]
Identifiable intangible assets	$ 3,021,000

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Technology related identifiable intangible assets, net	$ 560,702
Total Identifiable intangible assets, net	5,270,816	3,885,467
Marketing related identifiable intangible assets, net	1,518,750	759,886
Customer relationship identifiable intangible assets, net	3,191,364	3,125,581
Customer Relationships [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Identifiable intangible assets, gross	3,422,000	3,189,000
Accumulated amortization	(230,636)	(63,419)
Marketing Related [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Identifiable intangible assets, gross	1,833,000	841,000
Accumulated amortization	(314,250)	(81,114)
Technology Related [Member]
Intangible Assets (Details) - Schedule of intangible assets [Line Items]
Identifiable intangible assets, gross	623,000
Accumulated amortization	$ (62,298)

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of estimated annual amortization expense - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Schedule of estimated annual amortization expense [Abstract]
2021 (remainder)	$ 182,427
2022	729,708
2023	729,708
2024	729,678
2025	596,529
Thereafter	2,302,766
Total	$ 5,270,816	$ 3,885,467

Acquisitions (Details)

Acquisitions (Details) - USD ($)	1 Months Ended	9 Months Ended
	Jul. 29, 2020	Sep. 30, 2021
Acquisitions (Details) [Line Items]
Working capital		$ 944,055
Asiens [Member] | May 28, 2020 [Member]
Acquisitions (Details) [Line Items]
Business acquisition purchase price		1,918,000
Business acquisition purchase price in cash		233,000
Business acquisition purchase price payable in promissory note		200,000
Business acquisition purchase price payable earn out payments		$ 655,000
Business acquisition shares of common stock (in Shares)		415,000
Mutual value		$ 830,000
Business acquisition value of common stock		$ 1,037,500
Purchase price per share (in Dollars per share)		$ 2.5
Amortizing promissory note	6.00%
Fair value of the net tangible assets	$ 1,171,272
Kyle’s Acquisition [Member]
Acquisitions (Details) [Line Items]
Business acquisition purchase price		$ 6,839,792
Business acquisition purchase price in cash		4,389,792
Business acquisition purchase price payable in promissory note		$ 1,050,000
Business acquisition shares of common stock (in Shares)		700,000
Mutual value		$ 1,400,000
Business acquisition value of common stock		3,675,000
Fair value of the net tangible assets		$ 527,618
Subordinate note, percentage		8.00%
Wolo Acquisition [Member]
Acquisitions (Details) [Line Items]
Business acquisition purchase price in cash		$ 6,550,000
Business acquisition purchase price payable in promissory note		850,000
Fair value of the net tangible assets		6,653,102
Cash due to seller		$ 8,344,055
Percentage of secured promissory note		6.00%
Profoma [Member]
Acquisitions (Details) [Line Items]
Revenue, description		The revenue and net loss before non-controlling interest of Asien’s from May 29, 2020 through September 30, 2020 included in the consolidated income statement amounted to approximately $4,327,294 and $496,859, respectively. The revenue and net loss before non-controlling interest of Wolo from April 1, 2021 through September 30, 2021 included in the consolidated income statement amounted to approximately $4,072,303 and $1,363,331, respectively.
Minimum [Member] | Property, Plant and Equipment [Member] | Asiens [Member]
Acquisitions (Details) [Line Items]
Estimated useful life		5 years
Minimum [Member] | Property, Plant and Equipment [Member] | Kyle’s Acquisition [Member]
Acquisitions (Details) [Line Items]
Estimated useful life		3 years
Maximum [Member] | Property, Plant and Equipment [Member] | Asiens [Member]
Acquisitions (Details) [Line Items]
Estimated useful life		13 years
Maximum [Member] | Property, Plant and Equipment [Member] | Kyle’s Acquisition [Member]
Acquisitions (Details) [Line Items]
Estimated useful life		7 years

Acquisitions (Details) - Schedu

Acquisitions (Details) - Schedule of preliminary analysis for the Asien's purchase - Asien’s Acquisition [Member]	Sep. 30, 2021USD ($)
Purchase Consideration at fair value:
Common shares	$ 1,037,500
Notes payable	855,000
Cash paid to Seller (post closing)	233,000
Amount of consideration	2,125,500
Assets acquired and liabilities assumed at fair value
Cash	1,501,285
Accounts receivable	235,746
Inventories	1,457,489
Other current assets	41,427
Property and equipment	157,052
Customer related intangibles	462,000
Marketing related intangibles	547,000
Accounts payable and accrued expenses	(280,752)
Customer deposits	(2,405,703)
Notes payable	(509,272)
Other liabilities	(23,347)
Net assets acquired	1,182,925
Total net assets acquired	1,182,925
Consideration paid	2,125,500
Goodwill	$ 942,575

Acquisitions (Details) - Sche_2

Acquisitions (Details) - Schedule of preliminary analysis for the Kyle’s Acquisition - Kyle’s Acquisition [Member]	Sep. 30, 2021USD ($)
Purchase consideration at fair value:
Common shares	$ 3,675,000
Notes payable	498,979
Due to seller	4,389,792
Amount of consideration	8,563,771
Assets acquired and liabilities assumed at fair value
Cash	130,000
Accounts receivable	385,095
Costs in excess of billings	122,016
Other current assets	13,707
Property and equipment	200,737
Customer related intangibles	2,727,000
Marketing related intangibles	294,000
Accounts payable and accrued expenses	(263,597)
Billings in excess of costs	(43,428)
Other liabilities	(49,000)
Net tangible assets acquired	3,516,530
Total net assets acquired	3,516,530
Consideration paid	8,563,771
Goodwill	$ 5,047,241

Acquisitions (Details) - Sche_3

Acquisitions (Details) - Schedule of preliminary analysis for the wolo acquisition - Wolo Acquisition [Member]	Sep. 30, 2021USD ($)
Purchase consideration at preliminary fair value:
Notes payable	$ 850,000
Cash	6,550,000
Net cash paid to Seller (post closing)	944,055
Amount of consideration	8,344,055
Assets acquired and liabilities assumed at preliminary fair value
Cash	1,171,654
Accounts receivable	1,860,107
Inventory	1,991,629
Customer related intangibles	233,000
Marketing related intangibles	992,000
Technology related intangibles	623,000
Other current assets	218,154
Deferred tax liability	(325,000)
Accounts payable and accrued expenses	(111,442)
Net tangible assets acquired	6,653,102
Total net assets acquired	8,344,055
Consideration paid	6,653,102
Preliminary Goodwill	$ 1,690,953

Acquisitions (Details) - Sche_4

Acquisitions (Details) - Schedule of income statement - Business Acquisitions [Member] - USD ($)		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020
Condensed Income Statements, Captions [Line Items]
Revenues, net		$ 20,521,944	$ 17,163,879
Net income (loss)		$ (1,794,399)	$ (671,350)
Basic earnings (loss) per share		$ (0.38)	$ (0.16)
Diluted earnings (loss) per share		$ (0.38)	$ (0.16)
Basic Number of Shares	[1]	4,718,671	4,309,526
Diluted Number of Shares	[1]	4,718,671	4,309,526
[1]	shares assuming as if issued as of January 1.

Notes Payable (Details)

Notes Payable (Details) - USD ($)

Oct. 08, 2021

Jul. 10, 2020

Apr. 28, 2020

Oct. 30, 2017

Jul. 29, 2020

May 28, 2020

Sep. 30, 2021

Dec. 31, 2020

Mar. 30, 2021

Dec. 11, 2020

Dec. 07, 2020

Jun. 24, 2019

Apr. 05, 2019

Notes Payable (Details) [Line Items]

Debt instrument, maturity date, description

The loan matures on July 10, 2021 and bears interest at 5.25% per annum, subject to change in accordance with the Variable Rate (as defined in the promissory note and security agreement), the calculation for which is the U.S. Prime Rate plus 2%.

Secured promissory note, percentage

7.99%

Remaining principal balance

$ 300,000

$ 301,081

Accrued interest

995

Revolving loan paid off

$ 301,240

Purchase price per share (in Dollars per share)

$ 1.75

Aggregate principal amount

647,253

Principal amount

$ 56,900

Payment reduced

138,593

Purchase price

$ 24,362,800

Principal balance of term note

$ 714,286

Debt discount

$ 497,200

Revolving credit, description

The revolving note matures on March 29, 2022 and bears interest at a per annum rate equal to the greater of (i) the prime rate (as defined in the credit agreement) or (ii) 3.75%. The term note matures on April 1, 2024 and bears interest at a per annum rate equal to the greater of (x) the prime rate plus 3.00% or (y) 5.00%; provided that, upon an event of default, all loans, all past due interest and all fees shall bear interest at a per annum rate equal to the foregoing rate plus 5.00%. Interest accrued on the revolving note and the term note shall be payable on the first day of each month commencing on the first such day of the first month following the making of such revolving loan or term loan, as applicable.

Neese [Member] | Home State Bank [Member]

Notes Payable (Details) [Line Items]

Debt instrument, maturity date, description

Pursuant to the terms of the promissory note and security agreement, Asien’s is required to make monthly payments beginning on August 10, 2020 and until the maturity date, at which time all unpaid principal and interest will be due.

8% Subordinated Amortizing Promissory Note [Member]

Notes Payable (Details) [Line Items]

Interest rate

8.00%

6% Amortizing Promissory Note [Member]

Notes Payable (Details) [Line Items]

Sold of common shares (in Shares)

415,000

Purchase price per share (in Dollars per share)

$ 2.5

Asein's [Member]

Notes Payable (Details) [Line Items]

Secured promissory note, percentage

6.00%

Aggregate principal amount

$ 1,037,500

Principal amount

$ 518,750

Paul A. Gwilliam and Terri L. Gwilliam [Member]

Notes Payable (Details) [Line Items]

Interest rate

4.25%

1847 Neese [Member] | 10% Promissory Note [Member]

Notes Payable (Details) [Line Items]

Annual interest rate

16.00%

6% Secured Promissory Note [Member]

Notes Payable (Details) [Line Items]

Remaining principal balance

$ 850,000

Accrued interest

$ 12,750

Interest rate

6.00%

Principal amount

$ 850,000

Annual interest rate

6.00%

Credit Agreement and Notes [Member]

Notes Payable (Details) [Line Items]

Accrued interest

$ 17,350

Principal amount

$ 3,550,000

Comprised of principal

3,331,250

Principal balance of revolving credit

996,309

Revolving loan

1,000,000

Term loan

$ 3,550,000

Principal balance of term note

3,193,558

Debt discount

$ 137,692

Borrowing base, description

The “borrowing base” means an amount equal to the sum of the following: (A) 80% of eligible accounts (as defined in the credit agreement) PLUS (B) the lesser of: (1) 50% percent of eligible inventory (as defined in the credit agreement) or (2) $400,000, MINUS (C) such reserves as Sterling may establish from time to time in its sole discretion. Sterling has the right from time to time, in its sole discretion, to amend, substitute or modify the percentages set forth in the definition of borrowing base and the definition(s) of eligible accounts and eligible inventory.

Term loan, description

(i) beginning on May 1, 2021 and ending on March 1, 2022, eleven (11) equal monthly principal payments of $43,750 each, (ii) beginning on April 1, 2022 and ending on March 1, 2024, twenty-four (24) equal monthly payments of $59,167 each and (iii) on April 1, 2024, a final principal payment in the amount of $1,648,742. In addition, beginning on June 1, 2022 and on each anniversary thereof thereafter until such time as the term loan is repaid in full, 1847 Wolo and Wolo must pay an additional principal payment equal to 50% of the excess cash flow (as defined in the credit agreement), if any. If Sterling has not received the full amount of any monthly payment on or before the date it is due (including as a result of funds not available to be automatically debited on the date on which any such payment is due), 1847 Wolo and Wolo must pay a late fee in an amount equal to six percent (6%) of such overdue payment.

Credit Agreement and Notes [Member] | Sterling National Bank [Member]

Notes Payable (Details) [Line Items]

Accrued interest

$ 3,529

Loans on Vehicles [Member]

Notes Payable (Details) [Line Items]

Remaining principal balance

114,845

Principal balance of revolving credit

$ 67,465

Minimum [Member] | Loans on Vehicles [Member] | Asein's [Member]

Notes Payable (Details) [Line Items]

Finance at rates ranging

3.74%

Minimum [Member] | Loans on Vehicles [Member] | Kyle's [Member]

Notes Payable (Details) [Line Items]

Finance at rates ranging

5.90%

Maximum [Member] | Loans on Vehicles [Member] | Asein's [Member]

Notes Payable (Details) [Line Items]

Finance at rates ranging

6.99%

Maximum [Member] | Loans on Vehicles [Member] | Kyle's [Member]

Notes Payable (Details) [Line Items]

Finance at rates ranging

6.54%

Arvest Bank [Member]

Notes Payable (Details) [Line Items]

Revolving loan

$ 400,000

Accrued interest

$ 2,564

Arvest Bank [Member] | 1847 Asien/Asien's [Member]

Notes Payable (Details) [Line Items]

Secured promissory note, percentage

5.25%

Prime rate plus percent

2.00%

8% Subordinated Amortizing Promissory Note [Member]

Notes Payable (Details) [Line Items]

Remaining principal balance

101,980

Accrued interest

1,095

8% Subordinated Amortizing Promissory Note [Member] | Asien's Seller [Member]

Notes Payable (Details) [Line Items]

Debt instrument, maturity date, description

The outstanding principal amount of the note amortized on a one-year straight-line basis in accordance with a specified amortization schedule, with all unpaid principal and accrued, but unpaid interest being fully due and payable on May 28, 2021.

8% Subordinated Amortizing Promissory Note [Member] | Intercompany Secured Promissory Note [Member]

Notes Payable (Details) [Line Items]

Remaining principal balance

$ 4,885,129

Accrued interest

194,380

8% Subordinated Amortizing Promissory Note [Member] | Asein's [Member]

Notes Payable (Details) [Line Items]

Paid by issuance percentage

8.00%

Increasing principal amount

$ 200,000

6% Amortizing Promissory Note [Member] | Asien's Seller [Member]

Notes Payable (Details) [Line Items]

Promissory note, description

As consideration, 1847 Asien issued to the Asien’s Seller a two-year 6% amortizing promissory note in the aggregate principal amount of $1,037,500. One-half (50%) of the outstanding principal amount of the note ($518,750) and all accrued interest thereon, will be amortized on a two-year straight-line basis and is payable quarterly. The second-half (50%) of the outstanding principal amount of the note ($518,750) with all accrued, but unpaid interest thereon, is due on the second anniversary of the note.

6% Amortizing Promissory Note [Member] | 1847 Asien/Asien's [Member] | Asien's Seller [Member]

Notes Payable (Details) [Line Items]

Remaining principal balance

785,846

785,846

Accrued interest

$ 17,752

17,752

Demand Promissory Note [Member]

Notes Payable (Details) [Line Items]

Debt instrument, maturity date, description

The note accrued interest at a rate of one percent (1%) computed on the basis of a 360-day year. Principal and accrued interest on the note was payable 24 hours after written demand by the Asien’s Seller. The note was repaid in June 2020.

Principal amount

$ 655,000

Paul A. Gwilliam and Terri L. Gwilliam [Member]

Notes Payable (Details) [Line Items]

Principal amount

$ 540,000

Term of loan

5 years

Comprised of principal

41,675

Agreement of Sale of Future Receipts [Member] | TVT Direct Funding LLC [Member]

Notes Payable (Details) [Line Items]

Debt instrument, maturity date, description

On May 28, 2020, 1847 Asien and Asien’s entered into an agreement of sale of future receipts with TVT Direct Funding LLC (“TVT”), pursuant to which 1847 Asien and Asien’s agreed to sell future receivables with a value of $685,000 to TVT for a purchase price of $500,000. 1847 Asien and Asien’s agreed to deliver to TVT 20% of its weekly future receipts, or approximately $23,300, over the course of an estimated seven-month term, or such date when the above amount of receivables has been delivered to TVT.

Future receivable value

$ 685,000

Purchase price

500,000

Future receipt value

$ 23,300

Vesting Promissory Note [Member]

Notes Payable (Details) [Line Items]

Remaining principal balance

$ 498,979

Earnings before interest, taxes, depreciation, and amortization

1,531,000

Vested amount

$ 415,000

Vesting Promissory Note [Member] | 1847 Kyle's [Member]

Notes Payable (Details) [Line Items]

Increasing principal amount

1,260,000

Principal amount

$ 1,050,000

Vesting Promissory Note [Member] | 1847 Cabinet/Kyle's [Member]

Notes Payable (Details) [Line Items]

Interest rate

8.00%

Promissory note, description

The vested principal of the note due at the maturity date shall be calculated each year based on the average annual consolidated EBITDA (as defined in the note) of 1847 Cabinet for each of the years ended December 31, 2020, 2021 and 2022. The EBITDA for each year shall be divided by $1.4 million multiplied by 100 to obtain the vested percentage. The vested principal for each year shall be equal to the vested percentage for that year multiplied by $350,000. To the extent that the vested percentage for the subject year is less than 80%, no portion of the note for that year shall vest. To the extent that the vested percentage for the subject year is equal to or greater than 120%, the vested principal shall be equal to $420,000 for that year and no more.

Vesting Promissory Note [Member] | 1847 Cabinet [Member]

Notes Payable (Details) [Line Items]

Unvested principal amount

$ 350,000

Intercompany Secured Promissory Note [Member] | 1847 Cabinet/Kyle's [Member]

Notes Payable (Details) [Line Items]

Secured promissory note, percentage

5.00%

Principal amount

$ 4,525,000

PPP Loans [Member] | Asein's [Member]

Notes Payable (Details) [Line Items]

Promissory note, description

The PPP loans have two-year terms and bear interest at a rate of 1.0% per annum.  Monthly principal and interest payments are deferred for six months after the date of disbursement.

Paycheck protection program loans

$ 357,500

Convertible Promissory Note (De

Convertible Promissory Note (Details) - USD ($)	1 Months Ended							9 Months Ended
	Sep. 30, 2020	Sep. 02, 2020	Aug. 04, 2020	Jul. 21, 2020	May 11, 2020	May 04, 2020	Apr. 05, 2019	Sep. 30, 2021	Dec. 31, 2020	Dec. 07, 2020
Convertible Promissory Note (Details) [Line Items]
Aggregate principal amount										$ 56,900
Legal discount fees								$ 64,286
Share issued (in Shares)								50,000
Shares value	$ 4,160,684							$ 137,500
Related party debt-discount								292,673
Amortized financing cost								292,673
Increase the principal amount of the note					$ 207,145
Secured convertible promissory note, description					In connection with the amendment, (i) the Company issued to Leonite another five-year warrant to purchase 200,000 common shares at an exercise price of $1.25 per share (subject to adjustment), which may be exercised on a cashless basis and (ii) upon closing of the Asien’s Acquisition, 1847 Asien issued to Leonite shares of common stock equal to a 5% interest in 1847 Asien. The amendment represented a prepayment of principal and accrued interest resulting in a debt extinguishment and the Company recorded an aggregate extinguishment loss of $773,856.
Principal amount								$ 300,000	$ 301,081
Warrant to common shares (in Shares)		180,000
Surrender of common shares underlying this warrant (in Shares)		20,000
Common stock underlying warrant (in Shares)		200,000
Exercise warrants (in Shares)		180,000
Goedeker [Member]
Convertible Promissory Note (Details) [Line Items]
Aggregate principal amount							$ 714,286
Additional purchase of note, description							As additional consideration for the purchase of the note, (i) the Company issued to Leonite 50,000 common shares, (ii) the Company issued to Leonite a five-year warrant to purchase 200,000 common shares at an exercise price of $1.25 per share (subject to adjustment), which may be exercised on a cashless basis, and (iii) Holdco issued to Leonite shares of common stock equal to a 7.5% non-dilutable interest in Holdco.
Total payoff amount			$ 780,653
Principal amount			771,431
Interest			$ 9,222
Leonite converted [Member]
Convertible Promissory Note (Details) [Line Items]
Outstanding balance of note				$ 50,000		$ 100,000
Shares of common stock (in Shares)				50,000		100,000

Operating Leases (Details)

Operating Leases (Details) - USD ($)	Jun. 09, 2021	Sep. 01, 2020	Sep. 30, 2021
Operating Leases (Details) [Line Items]
Interest rate on unpaid amount	18.00%
Renewal term	5 years
Operating lease liability	$ 361,158
Kyle's [Member]
Operating Leases (Details) [Line Items]
Lease rent, description		The lease is for a term of five years, with an option for a renewal term of five years, and provides for a base rent of $7,000 per month for the first 12 months, which will increase to $7,210 for months 13-16 and to $7,426 for months 37-60.
Lease term		5 years	55 months
Interest rate on unpaid amount		12.00%
Operating lease liability			$ 670,301
Asien's [Member]
Operating Leases (Details) [Line Items]
Operating leases future minimum payments due			$ 11,665

Operating Leases (Details) - Sc

Operating Leases (Details) - Schedule of supplemental balance sheet information - Kyle's [Member] - USD ($)	Sep. 30, 2021	Sep. 01, 2020
Operating Leases (Details) - Schedule of supplemental balance sheet information [Line Items]
Operating lease right-of-use lease asset	$ 735,074
Accumulated amortization	(68,164)
Net balance	666,910
Lease liability, current portion	112,120
Lease liability, long term	558,181
Total operating lease liabilities	$ 670,301
Weighted Average Remaining Lease Term - operating leases	55 months	5 years
Weighted Average Discount Rate - operating leases	5.50%

Operating Leases (Details) - _2

Operating Leases (Details) - Schedule of future minimum lease payments - Kyle's [Member]	Sep. 30, 2021USD ($)
Operating Leases (Details) - Schedule of future minimum lease payments [Line Items]
2021 (remainder of year)	$ 48,314
2022	167,973
2023	171,282
2024	175,529
2025	148,416
2026	52,558
Total lease payments	764,072
Less imputed interest	(93,771)
Maturities of lease liabilities	$ 670,301

Operating Leases (Details) - _3

Operating Leases (Details) - Schedule of supplemental balance sheet information - Wolo [Member]	Sep. 30, 2021USD ($)
Operating Leases (Details) - Schedule of supplemental balance sheet information [Line Items]
Operating lease right-of-use lease asset	$ 153,663
Accumulated amortization	87,393
Net balance	66,270
Lease liability, current portion	67,111
Lease liability, long term
Total operating lease liabilities	$ 67,111
Weighted Average Remaining Lease Term - operating leases	10 months
Weighted Average Discount Rate - operating leases	6.00%

Operating Leases (Details) - _4

Operating Leases (Details) - Schedule of future minimum lease payments - Wolo [Member]	Sep. 30, 2021USD ($)
Operating Leases (Details) - Schedule of future minimum lease payments [Line Items]
2021 (remainder of year)	$ 20,691
2022	48,279
Total lease payments	68,970
Less imputed interest	(1,859)
Maturities of lease liabilities	$ 67,111

Related Parties (Details)

Related Parties (Details) - USD ($)	Jan. 03, 2018	Apr. 15, 2013	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 07, 2020	Apr. 05, 2019
Related Parties (Details) [Line Items]
Management fee			$ 0	$ 0
Management fees				103,022
Expensed management fees			710,833	$ 103,022
Advances from related parties			118,834		$ 118,834
Initial principal amount							$ 714,286
Principal amount						$ 56,900
Advance note			56,900		56,900
Accrued interest			28,611		25,159
Wolo Acquisition [Member]
Related Parties (Details) [Line Items]
Management fee			$ 110,000
Management Services Agreement [Member]
Related Parties (Details) [Line Items]
Description of management fee		On April 15, 2013, the Company and 1847 Partners LLC (the “Manager”) entered into a management services agreement, pursuant to which the Company is required to pay the Manager a quarterly management fee equal to 0.5% of its adjusted net assets for services performed (the “Parent Management Fee”).
Manager [Member] | Asiens [Member]
Related Parties (Details) [Line Items]
Description of management fee			Pursuant to the offsetting management services agreements, 1847 Neese appointed the Manager to provide certain services to it for a quarterly management fee equal to $62,500, Goedeker appointed the Manager to provide certain services to it for a quarterly management fee equal to $62,500, 1847 Asien appointed the Manager to provide certain services to it for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted net assets (as defined in the management services agreement), 1847 Cabinet appointed the Manager to provide certain services to it for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted net assets (as defined in the management services agreement) and 1847 Wolo appointed the Manager to provide certain services to it for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted net assets (as defined in the management services agreement); provided, however, in each case that (i) pro rated payments shall be made in the first quarter and the last quarter of the term, (ii) if the aggregate amount of management fees paid or to be paid by such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to any fiscal year exceeds, or is expected to exceed, 9.5% of the Company’s gross income with respect to such fiscal year, then the management fee to be paid by such subsidiaries for any remaining fiscal quarters in such fiscal year shall be reduced, on a pro rata basis determined by reference to the management fees to be paid to the Manager by all of the subsidiaries of the Company, until the aggregate amount of the management fee paid or to be paid by such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to such fiscal year, does not exceed 9.5% of the Company’s gross income with respect to such fiscal year, and (iii) if the aggregate amount the management fee paid or to be paid by such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to any fiscal quarter exceeds, or is expected to exceed, the Parent Management Fee with respect to such fiscal quarter, then the management fee to be paid by such subsidiaries for such fiscal quarter shall be reduced, on a pro rata basis, until the aggregate amount of the management fee paid or to be paid such subsidiaries, together with all other management fees paid or to be paid by all other subsidiaries of the Company to the Manager, in each case, with respect to such fiscal quarter, does not exceed the Parent Management Fee calculated and payable with respect to such fiscal quarter.
Asiens [Member]
Related Parties (Details) [Line Items]
Management fee			$ 225,000
Cabinet [Member]
Related Parties (Details) [Line Items]
Management fee			225,000
Wolo [Member]
Related Parties (Details) [Line Items]
Management fee			260,833
Promissory Note [Member]
Related Parties (Details) [Line Items]
Initial principal amount	$ 50,000
Additional advances, description	The note provided that the Company could request additional advances from the Manager up to an aggregate additional amount of $150,000.
Fixed annual interest rate	8.00%
Repayment, description	In the event that the Company completes a financing that includes an uplisting of the Company’s common shares to a national exchange, then the Company must, contemporaneously with the closing of such financing transaction, repay the entire outstanding principal, outstanding advances, and accrued and unpaid interest on the note.
Manager [Member]
Related Parties (Details) [Line Items]
Advances from related parties			$ 74,928		$ 71,358

Shareholders_ Equity (Deficit_2

Shareholders’ Equity (Deficit) (Details) - USD ($)	Oct. 12, 2021	Jun. 04, 2020	May 04, 2020	Mar. 26, 2021	Mar. 26, 2021	Oct. 26, 2020	Sep. 30, 2020	Sep. 29, 2020	May 28, 2020	Sep. 30, 2021	Dec. 31, 2020	Oct. 08, 2021
Shareholders’ Equity (Deficit) (Details) [Line Items]
Allocation shares, authorized										1,000	1,000
Allocation shares, outstanding										1,000	1,000
Ownership of allocation shares by manager										100.00%
Allocation of profit percentage										20.00%
Senior convertible preferred shares				4,450,460				4,450,460
Dividends rate (in Dollars per share)										$ 2
Common shares calculated based percentage										80.00%
Calculated based fixed price per share (in Dollars per share)										$ 1.57
Dividend payment date per share (in Dollars per share)										$ 1.57
Accumulated accrued and unpaid dividends percentage										115.00%
Conversion price (in Dollars per share)										$ 1.75
Ownership common shares outstanding										4.99%
Shareholder limitation, description										This limitation may be waived (up to a maximum of 9.99%) by the holder and in its sole discretion, upon not less than sixty-one (61) days’ prior notice to the Company.
Convertible preferred shares percentage										115.00%
Consolidations adjustments to conversion price, description										●On the first day of the 12th month following the issuance date of any series A senior convertible preferred shares, the stated dividend rate shall increase by five percent (5.0%) per annum and the conversion price shall adjust to the lower of the (i) initial conversion price and (ii) the price equal to the lowest VWAP of the ten (10) trading days immediately preceding such date. ●On the first day of the 24th month following the issuance date of any series A senior convertible preferred shares, the stated dividend rate shall increase by an additional five percent (5.0%) per annum, the stated value shall increase by ten percent (10%) and the conversion price shall automatically adjust to the lower of the (i) initial conversion price and (ii) the price equal to the lowest VWAP of the ten (10) trading days immediately preceding such date. ●On the first day of the 36th month following the issuance date of any series A senior convertible preferred shares, the stated dividend rate shall increase by an additional five percent (5.0%) per annum, the stated value shall increase by ten percent (10%) and the conversion price shall automatically adjust to the lower of the (i) initial conversion price and (ii) the price equal to the lowest VWAP of the ten (10) trading days immediately preceding the third adjustment date.
Conversion price, description										Notwithstanding the foregoing, the conversion price for purposes of the adjustments above shall not be adjusted to a number that is below $0.0075.
Additional equity interest										10.00%
Sale of stock share						442,443	2,189,835
Sale of stock price (in Dollars per share)				$ 1.65	$ 1.65		$ 1.9
Aggregate gross proceeds (in Dollars)							$ 4,160,684			$ 137,500
Purchase price unit (in Dollars)						$ 840,640
Exercise price per share (in Dollars per share)				$ 2.5	$ 2.5	$ 2.5
Deemed dividend of beneficial conversion feature (in Dollars)					$ 1,527,086		$ 2,874,478
Sale of stock, shares					1,818,182
Aggregate gross proceeds (in Dollars)					$ 3,000,000
Convertible preferred shares amount (in Dollars)										314,093
Accrued dividends (in Dollars)										$ 676,339
Common shares, authorized										500,000,000	500,000,000
Common shares, issued										4,842,851	4,444,013
Common stock fair value (in Dollars)		$ 245,000
Common stock issued upon acquisition				398,838	398,838
Issued per share (in Dollars per share)				$ 1.9	$ 1.9
Purchase price per unit (in Dollars per share)				$ 1.65	$ 1.65
Issued common shares				398,838	398,838
Common stock exercise price (in Dollars per share)										$ 2.5
Warrant term description										The warrants have a term of three years and are callable by the Company after one year if the 30-day average stock price is in excess of $5 and the trading volume in the Company’s shares exceed 100,000 shares a day over such period. The Company can also redeem the warrants during the term for $0.50 a warrant in the first year; $1.00 a warrant in the second year; and $1.50 a warrant in the third year.
Subsequent Event [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Senior convertible preferred shares	2,632,278
Sale of stock price (in Dollars per share)												$ 2.5
Leonite [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Common stock issued			100,000
Common stock outstanding (in Dollars)			$ 100,000
Loss on conversion of debt (in Dollars)			$ 175,000
Asien's Seller [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Common stock issued									415,000
Common stock fair value (in Dollars)									$ 1,037,500
Service Provider [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Common stock issued		100,000
Series A Convertible Preferred Share [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Dividend rate, Percentage										14.00%
Sale of stock price (in Dollars per share)				$ 1.65	$ 1.65
Aggregate gross proceeds (in Dollars)					$ 3,000,000
Exercise price per share (in Dollars per share)				2.5	$ 2.5
Sale of stock, shares					1,818,182
Dividend yield					0.00%
Weighted average risk-free interest rate					0.16%
Expected life					3 years
Principal amount (in Dollars)					$ 1,472,914
Series A Convertible Preferred Share [Member] | Minimum [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Expected volatility					62.52%
Estimated fair value (in Dollars per share)				2.6	$ 2.6
Series A Convertible Preferred Share [Member] | Maximum [Member]
Shareholders’ Equity (Deficit) (Details) [Line Items]
Expected volatility					63.25%
Estimated fair value (in Dollars per share)				$ 5.25	$ 5.25

Shareholders_ Equity (Deficit_3

Shareholders’ Equity (Deficit) (Details) - Schedule of warrant activity - Warrant [Member] - USD ($)	Jan. 01, 2021	Sep. 30, 2021
Class of Warrant or Right [Line Items]
Number of Common Stock Warrants, Outstanding, Beginning	2,632,278	2,632,278
Weighted average exercise price, Outstanding, Beginning (in Dollars per share)	$ 2.5	$ 2.5
Weighted average life (years), Outstanding, Beginning	2 years 9 months 3 days
Intrinsic value of Warrants, Outstanding, Beginning (in Dollars)
Number of Common Stock Warrants, Granted		1,818,182
Weighted average exercise price, Granted (in Dollars per share)		$ 2.5
Weighted average life (years), Granted		3 years
Intrinsic value of Warrants, Granted
Number of Common Stock Warrants, Exercised
Weighted average exercise price, Exercised (in Dollars per share)
Weighted average life (years), Exercised
Intrinsic value of Warrants, Exercised (in Dollars)
Number of Common Stock Warrants, Canceled
Weighted average exercise price, Canceled (in Dollars per share)
Weighted average life (years), Canceled
Intrinsic value of Warrants, Canceled
Number of Common Stock Warrants, Outstanding, Ending		4,450,460
Weighted average exercise price, Outstanding, Ending (in Dollars per share)	$ 2.5	$ 2.5
Weighted average life (years), Outstanding, Ending		2 years 2 months 15 days
Intrinsic value of Warrants, Outstanding, Ending (in Dollars)
Number of Common Stock Warrants, Exercisable		4,450,460
Weighted average exercise price, Exercisable (in Dollars per share)		$ 2.5
Weighted average life (years), Exercisable		2 years 2 months 15 days
Intrinsic value of Warrants, Exercisable (in Dollars)

Commitments and Contingencies_2

Commitments and Contingencies (Details) - Schedule of future minimum lease payments	Sep. 30, 2021USD ($)
Schedule of future minimum lease payments [Abstract]
2021 (remainder of year)	$ 11,962
2022	143,541
2023	143,541
2024	143,541
2025	143,541
2026	143,541
2027	134,409
Total lease payments	$ 864,076

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow Information (Details) - Schedule of supplemental disclosures of cash flow information - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Schedule of supplemental disclosures of cash flow information [Abstract]
Interest paid	$ 139,016
Income tax paid
Financing:
Due to seller (net cash paid to seller after closing)	944,055	233,000
Note payable seller	850,000	855,000
Common Shares
Deemed Dividend related to issuance of Preferred stock	1,527,086
Additional Paid-in Capital – common shares and warrants issued	757,772
Common stock		415
Additional Paid in Capital		829,585
Operating lease, ROU assets and liabilities	466,294
Current assets
Current Assets	5,201,957	1,734,663
Intangible assets	1,848,000
Deferred tax liability		157,052
Preliminary goodwill	1,690,915	1,720,726
Deferred tax liability	(325,000)
Assumed liabilities	(111,442)	(3,195,726)
Cash acquired in acquisitions, net of working capital adjustment	$ 1,174,654	$ 1,268,285

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Oct. 12, 2021	Oct. 08, 2021	Sep. 30, 2020	Sep. 30, 2021	Mar. 26, 2021
Subsequent Events (Details) [Line Items]
Stock purchase agreement, description				1847 Cabinet acquired all of the issued and outstanding capital stock or other equity securities of High Mountain and Sierra Homes from the H&S Sellers for an aggregate purchase price of $16,567,845, after certain adjustments made at closing and subject to additional post-closing adjustments as described below. The purchase price consists of (i) $10,687,500 in cash and (ii) the issuance by 1847 Cabinet of 6% subordinated convertible promissory notes in the aggregate principal amount of $5,880,345.
Price per share			$ 1.9		$ 1.65
Interest rate per annum				16.00%
Interest rate				5.00%
Aggregate principal amount		$ 647,253
aggregate note discount				$ 497,200
Aggregate purchase price				24,362,800
Debt expenses				$ 742,825
Interest rate, description				The notes bear interest at a rate per annum equal to the greater of (i) 4.75% plus the U.S. Prime Rate that appears in The Wall Street Journal from time to time or (ii) 8%; provided that, upon an event of default (as defined in the notes), such rate shall increase to 24% or the maximum legal rate.
Prepayment fee percentage				10.00%
Conversion price per share				$ 2.5
Outstanding percentage				4.99%
Subsidiary Equity Issuance, description				In connection with the loan made by Leonite, the Company also issued to Leonite a number of shares or membership units, as applicable, representing a 7.50% fully-diluted ownership interest in each of High Mountain and Sierra Homes. As a result, 1847 Cabinet owns 92.5% of each of these subsidiaries.
Share issued				50,000
Redemption price units			$ 87,550
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Unpaid interest rate		6.00%
Price per share		$ 2.5
Amended and restated offsetting management services agreement, description		1847 Cabinet and the Manager entered into an amended and restated offsetting management services agreement to amend certain terms of the offsetting management services agreement described in Note 14 above. Pursuant to the amended and restated offsetting management services, the quarterly management fee was increased to $125,000 or 2% of adjusted net assets.
Principal amount		$ 15,955,325
Amortizing promissory note, description		On October 8, 2021, 1847 Asien and the Asien’s Seller entered into amendment no. 1 to securities purchase agreement to amend certain terms of the securities purchase agreement and the 6% amortizing promissory note described in Note 11. Pursuant to the amendment, the repayment terms of the 6% amortizing promissory note were revised so that one-half (50%) of the outstanding principal amount ($518,750) and all accrued interest thereon shall be amortized on a two-year straight-line basis and payable quarterly in accordance with the amortization schedule set forth on Exhibit A to the amendment, except for the payments that were initially scheduled on January 1, 2022 and April 1, 2022, which were paid from the proceeds of the senior convertible promissory notes described below, and the second-half (50%) of the outstanding principal amount ($518,750) and all accrued, but unpaid interest thereon shall be paid on the second anniversary of the date of the 6% amortizing promissory note, along with any other unpaid principal or accrued interest thereon.
Aggregate principal amount		$ 24,860,000
Warrant description		In connection with the loan made by Leonite, on October 8, 2021, the Company issued to Leonite a five-year warrant for the purchase of 250,000 common shares with an exercise price of $0.01 per share and a five-year warrant for the purchase of 500,000 common shares with an exercise price of $2.50 per share.
Repayment of debt, description		On October 8, 2021, the revolving loan from Arvest Bank was terminated and paid off for $301,240 (see Note 11). On October 8, 2021, the 6% secured promissory note issued to the Asien’s Seller was paid down by $138,593 (See Note 11). On October 8, 2021, the 6% secured promissory note issued to the Wolo Sellers was repaid in full (See Note 11). On October 8, 2021, the revolving loan and the term loan from Sterling were repaid in full (See Note 11). On October 8, 2021, the grid note issued to the Manager was repaid in full and terminated (see Note 14).
High Mountain [Member]
Subsequent Events (Details) [Line Items]
Net proceeds				$ 23,619,975
Sierra Homes [Member]
Subsequent Events (Details) [Line Items]
Net proceeds				$ 10,687,500
Maximum [Member]
Subsequent Events (Details) [Line Items]
Ownership percentage				9.99%
6% Subordinated Convertible Promissory Notes [Member]
Subsequent Events (Details) [Line Items]
Stock purchase agreement, description				As noted above, a portion of the purchase price for the acquisition of High Mountain and Sierra Homes was paid by the issuance of 6% subordinated convertible promissory notes in the aggregate principal amount of $5,880,345 by 1847 Cabinet to the H&S Sellers. The notes bear interest at a rate of six percent (6%) per annum and are due and payable on October 8, 2024; provided that upon an event of default (as defined in the notes), such interest rate shall increase to ten percent (10%) per annum.
Percentage of principal amount				20.00%
Outstanding voting securities percentage				50.00%
Series A Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Price per share					$ 1.65
Series A Preferred Stock [Member] | Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Share issued	2,632,278
Redemption price units	$ 6,395,645
Preferred shares outstanding	1,818,182