1847 (EFSH) 10-Q/A 6 Oct 17 2017 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Oct. 02, 2017
Document And Entity Information
Entity Registrant Name	1847 Holdings LLC
Entity Central Index Key	1,599,407
Document Type	10-Q/A
Document Period End Date	Mar. 31, 2017
Amendment Flag	true
Amendment Description	1847 Holdings LLC (the “Company”) is filing this Amendment No. 2 on Form 10-Q/A (“Amendment”) to amend its Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, which was originally filed with the Securities and Exchange Commission on May 22, 2017 and was previously amended on May 24, 2017 (amended, the “Form 10-Q”). This Amendment is filed to restate the bargain purchase gain recorded upon the acquisition of Neese, Inc. on March 3, 2017 to incorporate the prepaid taxes, deferred taxes liabilities and an uncertain tax liability as of the acquisition date. Furthermore, the related assets and liabilities and deferred tax provision and loss attributable to non-controlling interest are adjusted as of March 31, 2017 and for the three months ending March 31, 2017, respectively. Additionally, on June 9, 2017, the Company completed a 1-for-25 reverse stock split of our outstanding common shares. As a result of this stock split, our issued and outstanding common shares decreased from 77,887,500 to 3,115,500 shares. Accordingly, all share and per share information has been restated to retroactively show the effect of this stock split. The Company reclassified a $625,000 of the vested promissory note previously classified as current to long-term as of March 31, 2017. Furthermore, this Amendment is also filed to remove Note 3 – Going Concern to the Notes to Unaudited Condensed Consolidated Financial Statements and other references to the “going concern” opinion issued by the Company’s auditors contained in Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The Company also added additional subsequent events. Except for the foregoing, no other changes are made to the Form 10-Q. The Form 10-Q, as amended by this Amendment, continues to be as of May 22, 2017 and does not reflect events occurring after May 22, 2017.
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,115,500
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash			$ 367	$ 415
Accounts receivable
Inventory
Prepaid expenses and other assets		369
TOTAL CURRENT ASSETS		369
Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017
Other assets
Financing costs, net of accumulated amortization
Investments		6
TOTAL ASSETS		375
CURRENT LIABILITIES
Accounts payable and accrued expenses		561,378
Advances, related party		108,878
Promissory note
Uncertain tax liability
Current portion of capital lease obligation
Other liabilities
TOTAL CURRENT LIABILITIES		670,256
Vesting note payable
Capital lease obligation, net of current portion
TOTAL LIABILITIES		670,256
SHAREHOLDERS' (DEFICIT)
Allocation shares, 1,000 shares issued and outstanding		1,000
Common Shares, 500,000,000 shares authorized, 3,115,500 shares issued and outstanding as of March 31, 2017 and December 31, 2016		7
Additional Paid In Capital		14,999
Accumulated (Deficit)		(685,887)
TOTAL SHAREHOLDERS' (DEFICIT)		(669,881)
NONCONTROLLING INTERESTS
TOTAL EQUITY		(669,881)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)		375
As Restated [Member]
Current Assets
Cash	$ 277,826
Accounts receivable	315,571
Inventory	882,922
Prepaid expenses and other assets	310,888
TOTAL CURRENT ASSETS	1,787,207
Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017	6,789,012
Other assets	85,691
Financing costs, net of accumulated amortization	202,203
Investments	6
TOTAL ASSETS	8,864,119
CURRENT LIABILITIES
Accounts payable and accrued expenses	978,854
Advances, related party	110,266
Promissory note	1,025,000
Uncertain tax liability	129,000
Current portion of deferred tax liability	91,000
Current portion of capital lease obligation	595,347
Other liabilities	26,107
TOTAL CURRENT LIABILITIES	2,955,574
Vesting note payable	1,875,000
Deferred tax liability, net of current portion	1,938,556
Capital lease obligation, net of current portion	2,644,653
TOTAL LIABILITIES	9,413,783
SHAREHOLDERS' (DEFICIT)
Allocation shares, 1,000 shares issued and outstanding	1,000
Common Shares, 500,000,000 shares authorized, 3,115,500 shares issued and outstanding as of March 31, 2017 and December 31, 2016	3,115
Additional Paid In Capital	11,891
Accumulated (Deficit)	(539,405)
TOTAL SHAREHOLDERS' (DEFICIT)	(523,399)
NONCONTROLLING INTERESTS	(26,265)
TOTAL EQUITY	(549,664)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	$ 8,864,119

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Accumulated depreciation		$ 0
SHAREHOLDERS’ (DEFICIT)
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	3,115,500	3,115,500
Common Shares, outstanding	3,115,500	3,115,500
As Restated [Member]
ASSETS
Accumulated depreciation	$ 200,000
SHAREHOLDERS’ (DEFICIT)
Allocation shares, issued	1,000
Allocation shares, outstanding	1,000
Common Shares, authorized	500,000,000
Common Shares, issued	3,115,500
Common Shares, outstanding	3,115,500

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
REVENUES
COST OF SALES
GROSS PROFIT
OPERATING EXPENSES
General and administrative		39,345
TOTAL OPERATING EXPENSES		39,345
NET LOSS FROM OPERATIONS		(39,345)
OTHER INCOME (EXPENSE)
Financing costs
Interest expense
Gain on acquisition
TOTAL OTHER INCOME
NET GAIN (LOSS) FROM OPERATIONS		(39,345)
PROVISION FOR INCOME TAXES
NET INCOME (LOSS)		(39,345)
Less net income (loss) attributable to non-controlling interests
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS		$ (39,345)
Net Loss Per Share: Basic and diluted		$ (0.01)
Weighted-average number of common shares outstanding: Basic and diluted		3,115,500
As Restated [Member]
REVENUES	$ 661,863
COST OF SALES	519,326
GROSS PROFIT	142,537
OPERATING EXPENSES
General and administrative	343,485
TOTAL OPERATING EXPENSES	343,485
NET LOSS FROM OPERATIONS	(200,948)
OTHER INCOME (EXPENSE)
Financing costs	(4,044)
Interest expense	(55,161)
Gain on acquisition	(274,281)
TOTAL OTHER INCOME	215,076
NET GAIN (LOSS) FROM OPERATIONS	14,128
PROVISION FOR INCOME TAXES	106,090
NET INCOME (LOSS)	120,218
Less net income (loss) attributable to non-controlling interests	(26,265)
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	$ 146,483
Net Loss Per Share: Basic and diluted	$ 0.04
Weighted-average number of common shares outstanding: Basic and diluted	3,115,500

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
OPERATING ACTIVITIES
Net income (loss)		$ (39,345)
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on acquisition
Depreciation expense
Amortization of financing costs
Changes in operating assets and liabilities:
Increase accounts receivable
Decrease in inventory
Increase in prepaid expenses
Increase (decrease) in accounts payable and accrued expenses
Increase in other liabilitites		43,797
Increase in deferred tax liability
Net provided by in operating activities		4,452
INVESTING ACTIVITIES
Cash acquired in acquisition
Purchases of property and equipment		(4,500)
Net cash provided by investing activities		4,500
FINANCING ACTIVITIES
Financings costs
Loans from (repayments to) related party		(4,500)
Net cash (used) in financing activities		4,500
NET INCREASE (DECREASE) IN CASH		(48)
CASH
Beginning of period		415
End of period		367
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Income taxes paid
As Restated [Member]
OPERATING ACTIVITIES
Net income (loss)	120,218
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on acquisition	274,281
Depreciation expense	200,000
Amortization of financing costs	4,044
Changes in operating assets and liabilities:
Increase accounts receivable	(158,299)
Decrease in inventory	362,637
Increase in prepaid expenses	(207,846)
Increase (decrease) in accounts payable and accrued expenses	242,419
Increase in other liabilitites	(1,816)
Increase in deferred tax liability	(106,090)
Net provided by in operating activities	180,986
INVESTING ACTIVITIES
Cash acquired in acquisition	338,411
Purchases of property and equipment	(89,012)
Net cash provided by investing activities	249,399
FINANCING ACTIVITIES
Financings costs	(153,947)
Loans from (repayments to) related party	1,388
Net cash (used) in financing activities	(152,559)
NET INCREASE (DECREASE) IN CASH	277,826
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Income taxes paid

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	1847 Holdings LLC (“1847,” “we,” “our” and the “Company”) was formed under the laws of the State of Delaware on January 22, 2013. We are in the business of acquiring small to medium size businesses in a variety of different industries. To date, we have consummated two acquisitions. In September 2013, our wholly-owned subsidiary 1847 Management Services, Inc. (“1847 Management”) acquired a 50% interest in each of two consulting firms previously controlled by our Chief Executive Officer. On March 3, 2017, our wholly-owned subsidiary 1847 Neese Inc. (“1847 Neese”) entered into a stock purchase agreement with Neese, Inc. (“Neese”), and Alan Neese and Katherine Neese, pursuant to which 1847 Neese acquired all of the issued and outstanding capital stock of Neese for an aggregate purchase price of (i) $2,225,000 in cash (subject to certain adjustments), (ii) 450 shares of the common stock of 1847 Neese, constituting 45% of its capital stock, (iii) the issuance of a vesting promissory note in the principal amount of $1,875,000, and (iv) the issuance of a short term promissory note in the principal amount of $1,025,000. The cash portion of the purchase price would have been adjusted upward if Neese’s final certified balance sheet, as of a date on or about the closing date did not reflect a cash balance of at least $200,000. The cash balance on the closing date of March 3, 2017 amounted to approximately $338,000. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, 1847 Management and 1847 Neese. All significant intercompany balances and transactions have been eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP”). The Company has adopted a calendar year end. Stock Split On July 2, 2014, our company amended its operating agreement to increase our authorized common shares from 50,000,000 to 500,000,000 shares. On the same date, we also completed a forward stock split of our issued and outstanding common shares at a ratio of 75 for 1. As a result of this stock split, our issued and outstanding common shares were increased from 1,038,050 to 77,853,750 shares. On June 9, 2017, we completed a 1-for-25 reverse stock split of our outstanding common shares. As a result of this stock split, our issued and outstanding common shares decreased from 77,887,500 to 3,115,500 shares. Accordingly, all share and per share information has been restated to retroactively show the effect of this stock split. 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 accounting principles generally accepted in the United States of America 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. Reclassifications Certain Statements of Income reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the three months ended March 31, 2017. Revenue Recognition Revenue will be recognized when it is realized or realizable and earned. Specifically, revenue will be recognized when all of the following criteria are met: (1) Persuasive evidence of an arrangement exists; (2) Service has occurred, customer acceptance has been achieved; (3) Our selling price to the buyer is fixed and determinable; and (4) Collection is reasonably assured. The Company recognizes revenue when services have been provided and collection is reasonably assured. Inventory Inventory consists of finished product acquired for resale and is valued at the lower-of-cost-or-market with cost determined on a specific item basis. Property and Equipment Property and equipment is stated at cost. Depreciation of furniture, vehicles and equipment is calculated using the straight-line method over the estimated useful lives (three to ten years), and leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the lease term (which is three to five years). Goodwill Goodwill represents the excess of cost over the fair value of net assets acquired using purchase accounting and is not amortized. 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 and amounts due to shareholder. 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. 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 is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share Basic income (loss) per share is calculated by dividing the Company’s 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 Company’s 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. There are no such common share equivalents outstanding as of December 31, 2016. Comprehensive Income The Company has established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Shareholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income. Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”), issued ASU-2016-02, "Leases (Topic 842)." The guidance requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right of use asset representing its right to use the underlying asset for the lease term. For finance leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; interest on the lease liability will be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income; and repayments of the principal portion of the lease liability will be classified within financing activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement of cash flows. For operating leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; a single lease cost will be recognized, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis; and all cash payments will be classified within operating activities in the statement of cash flows. Under Topic 842 the accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The amendments in Topic 842 are effective for the Company beginning January 1, 2019, including interim periods within that fiscal year. We are currently evaluating the impact of adopting the new guidance of the consolidated financial statements. In January 2016, the FASB issued Accounting Standards Update ("ASU") 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and are to be adopted by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company is currently evaluating the impact of adopting this standard. In November 2015, the FASB issued ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes," which simplifies the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for financial statements issued for annual periods beginning after December 16, 2016, and interim periods within those annual periods. The adoption of this standard will not have any impact on the Company's financial position, results of operations and disclosures. The FASB has issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under Generally Accepted Accounting Principles (GAAP), financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it established the fundamental basis for measuring and classifying assets and liabilities. Currently, GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt the organization’s ability to continue as a going concern or to provide footnote disclosures. The ASU provides guidance to an organization’s management, with principles and definition that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments in this update are effective for the annual period ending after December 31, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company has the adopted the methodologies prescribed by this ASU by the date required and there is no material impact on the Company’s consolidated financial statements.

RESTATEMENT OF FINANCIAL STATEM

RESTATEMENT OF FINANCIAL STATEMENT	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 3 - RESTATEMENT OF FINANCIAL STATEMENT	We have restated our previously issued consolidated financial statements as of and for the three months ended March 31, 2017 to reflect the modification of uncertain tax positions and deferred tax liability for the following: (1) The Company determined the bargain purchase gain recorded upon the acquisition of Neese, Inc. on March 3, 2017 excluded prepaid taxes of $103,000, deferred taxes liabilities of $2,161,646 and an uncertain tax liability of $129,000. The gain on bargain purchase was reduced by $2,161,646 from the statement of operations in the period ending March 31, 2017 and prepaid tax was increased by $103,000, the current deferred tax liability increased $91,000 and uncertain tax liability of $129,000 and non-current deferred tax liability increased $2,044,646. (2) The Company adjusted the impact on the tax expense (benefit) and prepaid taxes and tax liabilities for the three months ending March 31, 2017. The non-current deferred tax liability decreased $106,090 resulting in a tax benefit of $106,090 for the three months ending March 31, 2017. Furthermore, the loss attributable to non-controlling interest was decreased by $47,741 for the three months ending March 31, 2017. (3) The Company reclassified a $625,000 of the vested promissory note previously classified as current to long-term as of March 31, 2017. (4) Reflects the 1-for-25 reverse stock split of our outstanding shares as of June 9, 2017. The following tables summarize the effect of the restatement on the specific items presented in our historical consolidated financial statements included in our previously reported on the March 31, 2017 financial statements: CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2017 Adjustment March 31, 2017 (As Filed) (As Restated) ASSETS Current Assets Cash $ 277,826 $ - $ 277,826 Accounts receivable, net 315,571 - 315,571 Inventory, net 882,922 - 882,922 Prepaid expenses and other assets 207,888 (1) 103,000 310,888 TOTAL CURRENT ASSETS 1,684,207 103,000 1,787,207 Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017 6,789,012 - 6,789,012 Financing costs, net of accumulated amortization 202,203 - 202,203 Other assets 85,691 85,691 Investments 6 - 6 TOTAL ASSETS $ 8,761,119 $ 103,000 $ 8,864,119 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities 978,854 - 978,854 Advances related party 110,266 - 110,266 Promissory note 1,025,000 - 1,025,000 Short term note 625,000 (3) (625,000 ) - Uncertain tax liability - (1) 129,000 129,000 Deferred income taxes payable (1) 91,000 91,000 Current portion of capital lease obligations 595,347 595,347 Other liabilities 26,107 - 26,107 TOTAL CURRENT LIABILITIES 3,360,574 (405,000 ) 2,955,574 LONG-TERM LIABILITIES Vesting note payable 1,250,000 (3) 625,000 1,875,000 Deferred tax payable - (1) 2,044,646 1,938,556 (2) (106,090 ) Capital lease obligation, net of current portion 2,644,653 2,644,653 TOTAL LONG-TERM LIABILITIES 3,894,653 2,563,556 5,833,209 TOTAL LIABILITIES 7,255,227 2,158,556 9,413,783 STOCKHOLDERS’ EQUITY Allocation shares 1,000 - 1,000 Common Stock, $0.0001 par value: 500,000,000 Authorized shares: 3,115,500 issued and outstanding shares as of March 31, 2017 and December 31, 2016 7 (4) 3,108 3,115 Additional paid in capital 14,999 (4) (3,108 ) 11,891 Accumulated Equity (Deficit) 1,563,892 (1) (2,161,646 ) (539,405 ) (2) 58,349 TOTAL SHAREHOLDERS’ EQUITY 1,579,898 (2,103,297 ) (523,399 ) NONCONTROLLING INTERESTS (74,006 ) 47,741 (26,265 ) TOTAL EQUITY 1,505,892 (2,055,556 ) (549,664 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 8,761,119 $ 103,000 $ 8,864,119 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS For the Three Months Ended March 31, 2017 As Filed Adjustment As Restated REVENUES $ 661,863 - $ 661,863 COST OF SALES 519,326 - 519,326 GROSS PROFIT 142,537 - 142,537 General and administrative expenses 343,485 - 343,485 TOTAL OPERATING EXPENSES 343,485 - 343,485 NET LOSS FROM OPERATIONS (200,948 ) - (200,948 ) OTHER INCOME/(EXPENSE) Financing costs (4,044 ) - (4,044 ) Interest expense (55,161 ) - (55,161 ) Gain on bargain purchase 2,435,927 (1) (2,161,646 ) 274,281 TOTAL OTHER INCOME (EXPENSE) 2,376,722 (2,161,646 ) 215,076 NET INCOME (LOSS) BEFORE INCOME TAXES 2,175,774 (2,161,646 ) 14,128 INCOME TAX EXPENSE - (2) (106,090 ) (106,090 ) NET INCOME (LOSS) 2,175,774 (2,055,556 ) 120,218 Less net income (loss) attributable to non-controlling interest (74,006 ) (2) 47,741 (26,265 ) NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS $ 2,249,780 $ (2,103,297 ) $ 146,483 Basic and diluted earnings per share $ 0.70 $ 0.04 Weighted average basis and diluted shares outstanding 3,115,500 3,115,500 CONSOLIDATED STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2017 As Filed Adjustments As Restated OPERATING ACTIVITIES Net loss $ 2,175,774 $ (2,055,556 ) $ 120,218 Adjustments to reconcile net income to net cash provided by operating activities: Gain on acquisition (2,435,927 ) (1) 2,161,646 (274,281 ) Depreciation expense 200,000 - 200,000 Amortization of financing costs 4,044 - 4,044 Changes in operating assets and liabilities: Increase in accounts receivable (158,299 ) - (158,299 ) Decrease in inventory 362,637 362,637 Increase in prepaid expenses (207,846 ) - (207,846 ) Increase (decrease) in accounts payable and accrued expenses 242,419 - 242,419 Increase in other liabilities (1,816 ) - (1,816 ) Decrease in deferred tax liability - (2) (106,090 ) (106,090 ) Net cash provided by (used in) operating activities 180,986 - 180,986 INVESTING ACTIVITIES Cash acquired in acquisition 338,411 - 338,411 Purchases of property and equipment (89,012 ) - (89,012 ) Net cash provided by financing activities 249,399 - 249,399 FINANCING ACTIVITIES Financing costs (153,947 ) - (153,947 ) Loans from (repayments to) related parties 1,388 - 1,388 Net cash provided by financing activities (152,559 ) - (152,559 ) NET INCREASE (DECREASE) IN CASH 277,826 - 277,826 CASH Beginning of year - - - End of year $ 277,826 $ - $ 277,826 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Interest paid - - - Income tax paid - - -

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 4 - INVENTORIES	At March 31, 2017 and December 31, 2016 the inventory balances are composed of: 2017 2016 Machinery & Equipment $ 778,511 $ - Parts 104,411 - Total $ 882,922 $ -

INVESTMENTS

INVESTMENTS	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 5 - INVESTMENTS	On September 15, 2013, 1847 Management Services, Inc., the Company's wholly owned subsidiary, acquired a 50% interest in each of PPI Management Group, LLC and Christals Management LLC from our Chief Executive Officer and controlling shareholder, Ellery W. Roberts. In connection with the acquisition of such equity interests from Mr. Roberts, we issued to Mr. Roberts 65,625,000 of our common shares pursuant to a securities purchase agreement.

ACQUISITION

ACQUISITION	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 6 - ACQUISITION	On March 3, 2017, our wholly-owned subsidiary 1847 Neese Inc., or 1847 Neese, entered into a stock purchase agreement with Neese, and Alan Neese and Katherine Neese, pursuant to which 1847 Neese acquired all of the issued and outstanding capital stock of Neese, which we refer to as the Neese acquisition, for an aggregate purchase price of (i) $2,225,000 in cash (subject to certain adjustments), (ii) 450 shares of the common stock of 1847 Neese, constituting 45% of its capital stock, which we refer to as the purchase price shares, (iii) the issuance of a vesting promissory note in the principal amount of $1,875,000, and (iv) the issuance of a short term promissory note in the principal amount of $1,025,000. The cash portion of the purchase price will be adjusted upward if Neese’s final certified balance sheet, as of a date on or about the closing date did not reflect a cash balance of at least $200,000. The cash balance on the closing date of March 3, 2017 amounted to approximately $338,000. The provisional fair value of the purchase consideration issued to the sellers of Neese was allocated to the net tangible assets acquired. The Company accounted for the 1847 Neese acquisition as the purchase of a business under GAAP under the acquisition method of accounting, 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 $6.0 million. The excess of the aggregate fair value of the net tangible assets has been treated as a gain on bargain purchase in accordance with ASC 805. The purchase price allocation was based, in part, on management’s knowledge of Neese's business and is provisional. Once the Company completes its analysis to finalize the purchase price allocation, which includes finalizing the valuation report from a third-party appraiser and a review of potential intangible assets, it is reasonably possible that, there could be significant changes to the preliminary values below. Purchase Consideration Amount of consideration: $ 6,140,000 Assets acquired and liabilities assumed at preliminary fair value Cash $ 338,000 Accounts receivable 157,000 Prepaid taxes 103,000 Inventories 1,246,000 Financing costs 52,000 Property and equipment 6,900,000 Other assets 85,000 Accounts payable and accrued expenses (175,000 ) Uncertain tax position (129,000 ) Deferred tax liability (2,135,000 ) Other liabilities (28,000 ) Net tangible assets acquired $ 6,414,000 Identifiable intangible assets Intangible assets * $ - Total Identifiable Intangible Assets $ - Total net assets acquired $ 6,414,000 Consideration paid 6,140,000 Provisional gain on bargain purchase $ 274,000 __________ * The Company is reviewing for potential intangible assets which may potentially change the intangible assets. The following presents the unaudited pro-forma combined results of operations of the Company with 1847 Neese as if the entities were combined on January 1, 2016. For the Three Months Ended March 31, 2017 2016 Revenues, net $ 1,827,000 $ 1,874,000 Net income (loss) allocable to common shareholders $ 285,000 $ 462,000 Net income (loss) per share $ 0.09 $ 0.15 Weighted average number of shares outstanding 3,115,500 3,115,500 The unaudited pro-forma results of operations are presented for information purposes only. The unaudited pro-forma results of operations are not intended to present actual results that would have been attained had the acquisitions been completed as of January 1, 2016 or to project potential operating results as of any future date or for any future periods. The estimated useful life remaining on the property and equipment acquired is 1 to 10 years.

PROMISSORY NOTES

PROMISSORY NOTES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 7 - PROMISSORY NOTES	Vesting Promissory Note A portion of the purchase price under the Purchase Agreement was paid by the issuance of a vesting promissory note in the principal amount of $1,875,000 by 1847 Neese and Neese to the sellers (the “Vesting Note”). Payment of the principal and accrued interest on the Vesting Note is subject to vesting. The Vesting Note bears interest on the vested portion of the principal amount at the rate of eight percent (8%) per annum and is due and payable in full on June 30, 2020 (the “Maturity Date”). The principal of the Vesting Note vests in accordance with the following formula: · Fiscal Year 2017 – If Adjusted EBITDA for the fiscal year ending December 31, 2017, exceeds an Adjusted EBITDA target of $1,300,000 (the “Adjusted EBITDA Target”), then a portion of the principal amount of the Vesting Note that is equal to sixty percent (60%) of such excess shall vest. Interest shall be payable on such vested portion of principal from January 1, 2017 through the Maturity Date. · Fiscal Year 2018 - If Adjusted EBITDA for the fiscal year ending December 31, 2018, exceeds the Adjusted EBITDA Target, then a portion of the principal amount of the Vesting Note that is equal to sixty percent (60%) of such excess shall vest. Interest shall be payable on such vested portion of principal from January 1, 2018 through the Maturity Date. · Fiscal Year 2019 - If Adjusted EBITDA for the fiscal year ending December 31, 2019, exceeds the Adjusted EBITDA Target, then a portion of the principal amount of the Vesting Note that is equal to sixty percent (60%) of such excess shall vest. Interest shall be payable on such vested portion of principal from January 1, 2019 through the Maturity Date. For purposes of the Vesting Note, “Adjusted EBITDA” means the earnings before interest, taxes, depreciation and amortization expenses, in accordance with generally accepted accounting principles applied on a basis consistent with the accounting policies, practices and procedures used to prepare the financial statements of Neese as of the closing date (“GAAP”), plus to the extent deducted in calculating such net income, (i) all expenses related to the transactions contemplated hereby and/or potential or completed future financings or acquisitions, including legal, accounting, due diligence and investment banking fees and expenses, (ii) all management fees, allocations or corporate overhead (including executive compensation) or other administrative costs that arise from the ownership of Neese by 1847 Neese including allocations of supervisory, centralized or other parent-level expense items, (iii) one-time extraordinary expenses or losses, (iv) any reserves or adjustments to reserves which are not consistent with GAAP. Additionally, for purposes of calculating Adjusted EBITDA, the purchase and sales prices of goods and services sold by or purchased by Neese to or from 1847 Neese, its subsidiaries or affiliates shall be adjusted to reflect the amounts that Neese would have realized or paid if dealing with an independent third party in an arm’s-length commercial transaction, and inventory items shall be property categorized as such and shall not be expenses until such inventory is sold or consumed. The Vesting Note contains customary events of default, including in the event of (i) non-payment, (ii) a default by 1847 Neese or Neese of any of their covenants under the Purchase Agreement, the Vesting Note, or any other agreement entered into in connection with the Purchase Agreement, or a breach of any of their representations or warranties under such documents, or (iii) the bankruptcy of 1847 Neese or Neese. Short Term Promissory Note As noted above, a portion of the purchase price under the Purchase Price was paid by the issuance of a short-term promissory note in the principal amount of $1,025,000 by 1847 Neese and Neese to the sellers (the “Short Term Note”). The Short Term Note bears interest on the outstanding principal amount at the rate of ten percent (10%) per annum and is due and payable in full on March 3, 2018; provided, however, that the unpaid principal, and all accrued, but unpaid, interest thereon shall be prepaid if at any time, and from time to time, the cash on hand of 1847 Neese and Neese exceeds $250,000 and, then, the prepayment shall be equal to the amount of cash in excess of $200,000 until the unpaid principal and accrued, but unpaid, interest thereon is fully prepaid. The Short Term Note contains the same events of default as the Vesting Note.

CAPITAL LEASES

CAPITAL LEASES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 8 - CAPITAL LEASES	Master Lease Agreement The cash portion of the purchase price was financed under a capital lease transaction for Neese’s equipment with Utica Leaseco, LLC (the “Lessor”), pursuant to a Master Lease Agreement (the “Master Lease”), dated March 3, 2017, between Utica, as lessor, and 1847 Neese and Neese, as co-lessees (collectively, the “Lessee”). Under the Master Lease, the Lessor loaned an aggregate of $3,240,000 for certain of Neese’s equipment listed therein (the “Equipment”), which it leases to the Lessee. The term of the Master Lease is for 51 months. The Lessee is required to pay a monthly rent of $53,000 for the first three months, with such amount increasing to $85,322 for the remaining 48 months. If any rent is not received by the Lessor within five (5) calendar days of the due date, the Lessee shall pay a late charge equal to ten (10%) percent of the amount. In addition, in the event that any payment is not processed or is returned on the basis of insufficient funds, upon demand, the Lessee shall pay the Lessor a charge equal to five (5%) percent of the amount of such payment. The Lessee is also required to pay an annual administration fee of $3,000. Upon the expiration of the term of the Master Lease, the Lessee is required to pay, together with all other amounts then due and payable under the Master Lease, in cash, an end of term buyout price equal to the lesser of (a) $162,000 (five (5%) percent of the Total Invoice Cost (as defined in the Master Lease)) or (b) the fair market value of the Equipment, as determined by the Lessor. Provided that no default under the Master Lease has occurred and is continuing beyond any applicable grace or cure period, the Lessee has an early buy-out option with respect to all but not less than all of the Equipment, upon the payment of any outstanding rental payments or other fees then due, plus an additional amount set forth in the Master Lease, which represents the anticipated fair market value of the Equipment as of the anticipated end date of the Master Lease. In addition, the Lessee shall pay to the Lessor an administrative charge to be determined by the Lessor to cover its time and expenses incurred in connection with the exercise of the option to purchase, including, but not limited to, reasonable attorney fees and costs. Furthermore, upon the exercise by the Lessee of this option to purchase the Equipment, the Lessee shall pay all sales and transfer taxes and all fees payable to any governmental authority as a result of the transfer of title of the Equipment to Lessee. In connection with the Master Lease, the Lessee granted a security interest on all of its right, title and interest in and to (i) the Equipment, together with all related software (embedded therein or otherwise) and general intangibles, all additions, attachments, accessories and accessions thereto whether or not furnished by the supplier; (ii) all accounts, chattel paper, deposit accounts, documents, other equipment, general intangibles, instruments, inventory, investment property, letter of credit rights and any supporting obligations related to any of the foregoing; (iii) all books and records pertaining to the foregoing; (iv) all property of such Lessee held by the Lessor, including all property of every description, in the custody of or in transit to the Lessor for any purpose, including safekeeping, collection or pledge, for the account of such Lessee or as to which such Lessee may have any right or power, including but not limited to cash and (v) to the extent not otherwise included, all insurance, substitutions, replacements, exchanges, accessions, proceeds and products of the foregoing. The Company has equipment under a capital lease expiring in June 2021. The assets and liabilities under the capital lease are recorded at the lower of the present value of the minimum lease payments or the fair value of the assets. The assets, with costs of approximately $6,900,000 as of March 31, 2017, net of accumulated amortization of approximately $200,000 as of March 31, 2017. Amortization of assets under capital leases is included in depreciation expense. At December 31, 2016, annual minimum future lease payments under this capital lease are as follows: For the year ending December 31, Amount 2017 $ 767,895 2018 1,023,860 2019 1,023,860 2020 1,023,860 2021 511,923 Total minimum lease payments 4,351,398 Less amount representing interest 1,111,398 Present value of minimum lease payments 3,240,000 Less current portion of minimum lease 595,347 Long-term present value of minimum lease payment $ 2,824,653 The interest rate on the capitalized lease is approximately 14.4% and is imputed based on the lower of the Company’s incremental borrowings rate at the inception of each lease or the lessor’s implicit rate of return.

RELATED PARTIES

RELATED PARTIES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 9 - RELATED PARTIES	Management Services Agreement The company and our manager have entered into a management services agreement on April 15, 2013, pursuant to which we are required to pay our manager a quarterly management fee equal to 0.5% (2.0% annualized) of our company’s adjusted net assets for services performed. On September 15, 2013, we entered into an amendment to our management services agreement that provides that in lieu of paying a quarterly management fee under the management services agreement based upon the adjusted net assets of our management consulting business, we will pay our manager a flat quarterly fee equal to $43,750. This amendment only applies to our management consulting business and will not apply to any businesses that we acquire in the future. As of October 1, 2015, the manager agreed to suspend the flat quarterly management fee in the management consulting business due to the uncertainty of the underlying management services. In the year ended December 31, 2016, the Company determined the outstanding receivables are not likely to be collected and consequently wrote-off the balance of $100,000 to bad debt expense. Management Services Agreement - 1847 Neese On March 3, 2017 (the “Commencement Date”), 1847 Neese entered into a Management Services Agreement (the “Offsetting MSA”) with the Company’s manager, 1847 Partners LLC (the “Manager”). The MSA is an Offsetting Management Services Agreement as defined in that certain Management Services Agreement, dated April 15, 2013, between the Company and the Manager (the “MSA”). Pursuant to the Offsetting MSA, 1847 Neese appointed the Manager to provide certain services to it for a quarterly management fee equal to $62,500 per quarter; provided, however, 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 1847 Neese, 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 1847 Neese 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 1847 Neese, 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 (iv) if the aggregate amount the management fee paid or to be paid by 1847 Neese, 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 aggregate amount of the management fee (before any adjustment thereto) calculated and payable under the MSA (the “Parent Management Fee”) with respect to such fiscal quarter, then the management fee to be paid by 1847 Neese 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 by 1847 Neese, 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. 1847 Neese shall also reimburse the Manager for all costs and expenses of 1847 Neese which are specifically approved by the board of directors of 1847 Neese, including all out-of-pocket costs and expenses that are actually incurred by the Manager or its affiliates on behalf of 1847 Neese in connection with performing services under the Offsetting MSA. The services provided by the Manager include: conducting general and administrative supervision and oversight of 1847 Neese’s day-to-day business and operations, including, but not limited to, recruiting and hiring of personnel, administration of personnel and personnel benefits, development of administrative policies and procedures, establishment and management of banking services, managing and arranging for the maintaining of liability insurance, arranging for equipment rental, maintenance of all necessary permits and licenses, acquisition of any additional licenses and permits that become necessary, participation in risk management policies and procedures; and overseeing and consulting with respect to 1847 Neese’s business and operational strategies, the implementation of such strategies and the evaluation of such strategies, including, but not limited to, strategies with respect to capital expenditure and expansion programs, acquisitions or dispositions and product or service lines. Advances From time to time, the Company has received advances from certain of its officers and related parties to meet short-term working capital needs. As of March 31, 2017 and December 31, 2016, a total of $110,266 and $108,878 advances from related parties are outstanding. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements.

EQUITY

EQUITY	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 10 - EQUITY	Allocation shares As of March 31, 2017 and December 31, 2016, 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 Company’s operating agreement. Our manager owns 100% of the allocation shares of our company, which are a separate class of limited liability company interests that, together with the common shares, will comprise all of the classes of equity interests of our company. Our manager received the allocation shares with its initial capitalization of our company. The allocation shares generally will entitle our manager to receive a 20% profit allocation as a form of incentive designed to align the interests of our manager with those of our shareholders. Profit allocation has two components: an equity-based component and a distribution-based component. The equity-based component will be paid when the market for our shares appreciates, subject to certain conditions and adjustments. The distribution-based component will be paid when the distributions we pay to our shareholders exceed an annual hurdle rate of 8.0%, subject to certain conditions and adjustments. While the equity-based component and distribution-based component are interrelated in certain respects, each component may independently result in a payment of profit allocation if the relevant conditions to payment are satisfied. The 1,000 allocation shares are issued and outstanding and held by our manager, which is controlled by Mr. Roberts, our chief executive officer and controlling shareholder. Common shares The Company has authorized 500,000,000 common shares as of March 31, 2017 and December 31, 2016 and the Company had 3,115,500 common shares issued and outstanding. The common shares entitle the holder thereof to one vote per share on all matters coming before the shareholders of our company for a vote. During the period ended March 31, 2017, the Company did not issue any equity securities. Noncontrolling Interests The Company owns 55.0% of 1847 Neese, Inc. For financial interests in which the Company owns a controlling financial interest, the Company applies the provisions of ASC 810, which are applicable to reporting the equity and net income or loss attributable to noncontrolling interests. On March 3, 2017, the Company acquired a 55% interest in 1847 Neese, Inc. The results of 1847 Neese, Inc. are included in the consolidated statement of income. The net loss attributable to the 45% non-controlling interest of the subsidiary amount to $26,265 for the three months ended March 31, 2017.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 11 - COMMITMENTS AND CONTINGENCIES	Agreement of Lease - Related Party Pursuant to the Purchase Agreement, on March 3, 2017, Neese entered into an Agreement of Lease (the “Lease”) with K&A Holdings, LLC, a limited liability company that is wholly-owned by the sellers of Neese. The Lease is for a term of ten (10) years and provides for a base rent of $8,333 per month. In the event of late payment, interest shall accrue on the unpaid amount at the rate of eighteen percent (18%) per annum. The Lease contains customary events of default, including if Neese shall fail to pay rent within five (5) days after the due date, or if Neese shall fail to perform any other terms, covenants or conditions under the Lease, and other customary representations, warranties and covenants. Future minimum lease payments are approximately as follows: Year Ending December 31, Operating Leases 2017 $ 75,000 2018 100,000 2019 100,000 2020 100,000 2021 100,000 thereafter 525,000 Total minimum lease payments $ 1,000,000 Corporate Office 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
NOTE 12 - SUBSEQUENT EVENTS	In accordance with SFAS 165 (ASC 855-10), our company has analyzed its operations subsequent to March 31, 2017 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. Stock Purchase Agreement – 1847 Fitness On July 7, 2017, 1847 Fitness, Inc. (“1847 Fitness”), a newly-formed subsidiary of our company, entered into a stock purchase agreement with Central Florida Health Clubs, LLC d/b/a Gold’s Gym Orlando, a Florida limited liability company, CLFL, LLC d/b/a Gold’s Gym Clermont, a Florida limited liability company, MTDR LLC d/b/a Gold’s Gym Mt. Dora, a Florida limited liability company, SCFL, LLC d/b/a Gold’s Gym St. Cloud, a Florida limited liability company (collectively, the “Companies”), and the sellers set forth in Exhibit A to the a stock purchase agreement, pursuant to which 1847 Fitness will acquire all of the issued and outstanding equity interests in the Companies for an aggregate purchase price of: (i) $14,000,000 in cash (subject to adjustment as described below); (ii) the Gross-Up Amount (as defined below); (iii) 135 shares of the common stock, $0.001 par value, of 1847 Fitness (the “Shares”), constituting 13.5% of the capital stock of 1847 Fitness; and (iv) the issuance of promissory notes in the aggregate principal amount of $1,000,000, in the form and upon such terms as are mutually agreed upon by the parties before the closing date. The “Gross-Up Amount” means the amount the cash portion of the purchase price will be increased, up to a maximum of $238,000, if, subsequent to the date of the stock purchase agreement and prior to the closing date, any seller who receives Shares determines that he or it will incur a federal tax liability resulting from the receipt of Shares as a portion of the purchase price. The cash portion of the purchase price is subject to a post-closing working capital adjustment provision. Under this provision, the cash portion of the purchase price will be adjusted upward if the working capital reflected in the final certified balance sheet of the Companies as of a date on or about the closing date exceeds the working capital reflected in the preliminary balance sheet of the Companies. The cash portion of the purchase price will be adjusted downward if the working capital reflected in the final certified balance sheet of the Companies as of a date on or about the closing date is less than the working capital reflected in the preliminary balance sheet of the Companies. In each case, the working capital adjustment will be calculated in accordance with the working capital details specified in the stock purchase agreement. The stock purchase agreement contains customary representations, warranties and covenants, including a covenant that the sellers will not compete with the business of Companies for a period of three (3) years following closing. The stock purchase agreement also contains mutual indemnification for breaches of representations or warranties and failure to perform covenants or obligations contained in the stock purchase agreement. In the case of the indemnification provided by the sellers with respect to breaches of certain non-fundamental representations and warranties, the sellers will only become liable for indemnified losses if the amount exceeds $150,000, whereupon they will be liable for all losses relating back to the first dollar. Furthermore, the liability of the sellers for breaches of certain non-fundamental representations and warranties shall not exceed the purchase price payable under the stock purchase agreement. The closing of the stock purchase agreement is subject to customary closing conditions, including, without limitation: (1) the completion of business, accounting and legal due diligence investigations; the receipt of all authorizations, consents and approvals of all governmental authorities or agencies; (2) the receipt of any required consents of any third parties; the release of any security interests; and (3) delivery of all documents required for the transfer of shares of the Companies to 1847 Fitness. Stock Purchase Agreement – 1847 Wood On July 17, 2017, 1847 Wood, Inc., or 1847 Wood, a newly-formed subsidiary of our company, entered into a stock purchase agreement with Wood Air Conditioning, Inc., or WAC, a Texas corporation, and To The Top, Inc., a Texas corporation, pursuant to which 1847 Wood agreed to acquire all of the issued and outstanding equity interests in WAC for an aggregate purchase price of $6,532,140 consisting of: (i) $5,250,000 in cash (subject to adjustment as described below); and (ii) the issuance of a promissory note in the aggregate principal amount of $1,282,140, in the form and upon such terms as are mutually agreed upon by the parties before the closing date. The purchase price is subject to a post-closing working capital adjustment provision. Under this provision, the cash portion of the purchase price will be adjusted upward if the working capital reflected in the final certified balance sheet of WAC as of closing date prepared by 1847 Wood exceeds the working capital reflected in the preliminary balance sheet of WAC that that was prepared by the Seller. If the working capital reflected in the final certified balance sheet of WAC as of the closing date is less than the working capital reflected in the preliminary balance sheet of WAC, the promissory note will be offset by such excess amount. If WAC’s earnings before (i) interest expense, (ii) tax expense, (iii) depreciation and amortization expense, and (iv) stock based compensation expense for the full twelve calendar months immediately prior to the closing is equal to or greater than $1,224,776, or equal to or less than $2,041,294, there will be no adjustment to the purchase price. If such amount is determined to be less than $1,224,776, then 1847 Wood may terminate the stock purchase agreement, and if such amount is determined to be greater than $2,041,294, then the Seller may terminate the stock purchase agreement, in each case by written notice within 10 days after such determination. The stock purchase agreement contains customary representations, warranties and covenants, including a covenant that the Seller will not compete with the business WAC for a period beginning on the closing date and ending upon the earlier to occur of (i) three years, and (ii) the date of the 1847 Wood’s monetary default under the promissory note (after the expiration of any notice and cure period). The stock purchase agreement also contains mutual indemnification for breaches of representations or warranties and failure to perform covenants or obligations contained in the stock purchase agreement. In the case of the indemnification provided by the Seller with respect to breaches of certain non-fundamental representations and warranties, the Seller will only become liable for indemnified losses if the amount exceeds $100,000, provided, however, that any losses payable by the Seller to 1847 Wood shall first be offset against the promissory note prior to the Seller having any obligation to make any payments to 1847 Wood. Furthermore, the liability of the Seller for breaches of certain non-fundamental representations and warranties shall not exceed the purchase price payable under the stock purchase agreement. The closing of the stock purchase agreement will be subject to customary closing conditions, including, without limitation, the completion of business, accounting and legal due diligence investigations; 1847 Wood obtaining the financing it requires to complete the acquisition, the receipt of all authorizations, consents and approvals of all governmental authorities or agencies; the receipt of any required consents of any third parties; the release of any security interests; and delivery of all documents required for the transfer of shares of WAC to 1847 Wood.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Summary Of Significant Accounting Policies Policies
Basis of Presentation	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Accounting Basis	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP”). The Company has adopted a calendar year end.
Stock Split	On July 2, 2014, our company amended its operating agreement to increase our authorized common shares from 50,000,000 to 500,000,000 shares. On the same date, we also completed a forward stock split of our issued and outstanding common shares at a ratio of 75 for 1. As a result of this stock split, our issued and outstanding common shares were increased from 1,038,050 to 77,853,750 shares. On June 9, 2017, we completed a 1-for-25 reverse stock split of our outstanding common shares. As a result of this stock split, our issued and outstanding common shares decreased from 77,887,500 to 3,115,500 shares. Accordingly, all share and per share information has been restated to retroactively show the effect of this stock split.
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 accounting principles generally accepted in the United States of America 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.
Reclassifications	Certain Statements of Income reclassifications have been made in the presentation of our prior financial statements and accompanying notes to conform to the presentation as of and for the three months ended March 31, 2017.
Revenue Recognition	Revenue will be recognized when it is realized or realizable and earned. Specifically, revenue will be recognized when all of the following criteria are met: (1) Persuasive evidence of an arrangement exists; (2) Service has occurred, customer acceptance has been achieved; (3) Our selling price to the buyer is fixed and determinable; and (4) Collection is reasonably assured. The Company recognizes revenue when services have been provided and collection is reasonably assured.
Inventory	Inventory consists of finished product acquired for resale and is valued at the lower-of-cost-or-market with cost determined on a specific item basis.
Property and Equipment	Property and equipment is stated at cost. Depreciation of furniture, vehicles and equipment is calculated using the straight-line method over the estimated useful lives (three to ten years), and leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the lease term (which is three to five years).
Goodwill	Goodwill represents the excess of cost over the fair value of net assets acquired using purchase accounting and is not amortized.
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 and amounts due to shareholder. 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.
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 is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.
Basic Income (Loss) Per Share	Basic income (loss) per share is calculated by dividing the Company’s 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 Company’s 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. There are no such common share equivalents outstanding as of December 31, 2016.
Comprehensive Income	The Company has established standards for reporting and display of comprehensive income, its components and accumulated balances. When applicable, the Company would disclose this information on its Statement of Shareholders’ Equity. Comprehensive income comprises equity except those resulting from investments by owners and distributions to owners. The Company has not had any significant transactions that are required to be reported in other comprehensive income.
Recent Accounting Pronouncements	In February 2016, the Financial Accounting Standards Board (“FASB”), issued ASU-2016-02, "Leases (Topic 842)." The guidance requires that a lessee recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right of use asset representing its right to use the underlying asset for the lease term. For finance leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; interest on the lease liability will be recognized separately from amortization of the right-of-use asset in the statement of comprehensive income; and repayments of the principal portion of the lease liability will be classified within financing activities and payments of interest on the lease liability and variable lease payments within operating activities in the statement of cash flows. For operating leases: the right-of-use asset and a lease liability will be initially measured at the present value of the lease payments, in the statement of financial position; a single lease cost will be recognized, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis; and all cash payments will be classified within operating activities in the statement of cash flows. Under Topic 842 the accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The amendments in Topic 842 are effective for the Company beginning January 1, 2019, including interim periods within that fiscal year. We are currently evaluating the impact of adopting the new guidance of the consolidated financial statements. In January 2016, the FASB issued Accounting Standards Update ("ASU") 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and are to be adopted by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company is currently evaluating the impact of adopting this standard. In November 2015, the FASB issued ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes," which simplifies the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for financial statements issued for annual periods beginning after December 16, 2016, and interim periods within those annual periods. The adoption of this standard will not have any impact on the Company's financial position, results of operations and disclosures. The FASB has issued ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under Generally Accepted Accounting Principles (GAAP), financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it established the fundamental basis for measuring and classifying assets and liabilities. Currently, GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt the organization’s ability to continue as a going concern or to provide footnote disclosures. The ASU provides guidance to an organization’s management, with principles and definition that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments in this update are effective for the annual period ending after December 31, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company has the adopted the methodologies prescribed by this ASU by the date required and there is no material impact on the Company’s consolidated financial statements.

RESTATEMENT OF FINANCIAL STAT19

RESTATEMENT OF FINANCIAL STATEMENT (Table)	3 Months Ended
	Mar. 31, 2017
Restatement Of Financial Statement Table
CONDENSED CONSOLIDATED BALANCE SHEET	March 31, 2017 Adjustment March 31, 2017 (As Filed) (As Restated) ASSETS Current Assets Cash $ 277,826 $ - $ 277,826 Accounts receivable, net 315,571 - 315,571 Inventory, net 882,922 - 882,922 Prepaid expenses and other assets 207,888 (1) 103,000 310,888 TOTAL CURRENT ASSETS 1,684,207 103,000 1,787,207 Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017 6,789,012 - 6,789,012 Financing costs, net of accumulated amortization 202,203 - 202,203 Other assets 85,691 85,691 Investments 6 - 6 TOTAL ASSETS $ 8,761,119 $ 103,000 $ 8,864,119 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities 978,854 - 978,854 Advances related party 110,266 - 110,266 Promissory note 1,025,000 - 1,025,000 Short term note 625,000 (3) (625,000 ) - Uncertain tax liability - (1) 129,000 129,000 Deferred income taxes payable (1) 91,000 91,000 Current portion of capital lease obligations 595,347 595,347 Other liabilities 26,107 - 26,107 TOTAL CURRENT LIABILITIES 3,360,574 (405,000 ) 2,955,574 LONG-TERM LIABILITIES Vesting note payable 1,250,000 (3) 625,000 1,875,000 Deferred tax payable - (1) 2,044,646 1,938,556 (2) (106,090 ) Capital lease obligation, net of current portion 2,644,653 2,644,653 TOTAL LONG-TERM LIABILITIES 3,894,653 2,563,556 5,833,209 TOTAL LIABILITIES 7,255,227 2,158,556 9,413,783 STOCKHOLDERS’ EQUITY Allocation shares 1,000 - 1,000 Common Stock, $0.0001 par value: 500,000,000 Authorized shares: 3,115,500 issued and outstanding shares as of March 31, 2017 and December 31, 2016 7 (4) 3,108 3,115 Additional paid in capital 14,999 (4) (3,108 ) 11,891 Accumulated Equity (Deficit) 1,563,892 (1) (2,161,646 ) (539,405 ) (2) 58,349 TOTAL SHAREHOLDERS’ EQUITY 1,579,898 (2,103,297 ) (523,399 ) NONCONTROLLING INTERESTS (74,006 ) 47,741 (26,265 ) TOTAL EQUITY 1,505,892 (2,055,556 ) (549,664 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 8,761,119 $ 103,000 $ 8,864,119

RESTATEMENT OF FINANCIAL STAT20

RESTATEMENT OF FINANCIAL STATEMENT (Table 1)	3 Months Ended
	Mar. 31, 2017
Restatement Of Financial Statement Table 1
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS	For the Three Months Ended March 31, 2017 As Filed Adjustment As Restated REVENUES $ 661,863 - $ 661,863 COST OF SALES 519,326 - 519,326 GROSS PROFIT 142,537 - 142,537 General and administrative expenses 343,485 - 343,485 TOTAL OPERATING EXPENSES 343,485 - 343,485 NET LOSS FROM OPERATIONS (200,948 ) - (200,948 ) OTHER INCOME/(EXPENSE) Financing costs (4,044 ) - (4,044 ) Interest expense (55,161 ) - (55,161 ) Gain on bargain purchase 2,435,927 (1) (2,161,646 ) 274,281 TOTAL OTHER INCOME (EXPENSE) 2,376,722 (2,161,646 ) 215,076 NET INCOME (LOSS) BEFORE INCOME TAXES 2,175,774 (2,161,646 ) 14,128 INCOME TAX EXPENSE - (2) (106,090 ) (106,090 ) NET INCOME (LOSS) 2,175,774 (2,055,556 ) 120,218 Less net income (loss) attributable to non-controlling interest (74,006 ) (2) 47,741 (26,265 ) NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS $ 2,249,780 $ (2,103,297 ) $ 146,483 Basic and diluted earnings per share $ 0.70 $ 0.04 Weighted average basis and diluted shares outstanding 3,115,500 3,115,500

RESTATEMENT OF FINANCIAL STAT21

RESTATEMENT OF FINANCIAL STATEMENT (Table 2)	3 Months Ended
	Mar. 31, 2017
Restatement Of Financial Statement Table 2
CONSOLIDATED STATEMENT OF CASH FLOWS	For the Three Months Ended March 31, 2017 As Filed Adjustments As Restated OPERATING ACTIVITIES Net loss $ 2,175,774 $ (2,055,556 ) $ 120,218 Adjustments to reconcile net income to net cash provided by operating activities: Gain on acquisition (2,435,927 ) (1) 2,161,646 (274,281 ) Depreciation expense 200,000 - 200,000 Amortization of financing costs 4,044 - 4,044 Changes in operating assets and liabilities: Increase in accounts receivable (158,299 ) - (158,299 ) Decrease in inventory 362,637 362,637 Increase in prepaid expenses (207,846 ) - (207,846 ) Increase (decrease) in accounts payable and accrued expenses 242,419 - 242,419 Increase in other liabilities (1,816 ) - (1,816 ) Decrease in deferred tax liability - (2) (106,090 ) (106,090 ) Net cash provided by (used in) operating activities 180,986 - 180,986 INVESTING ACTIVITIES Cash acquired in acquisition 338,411 - 338,411 Purchases of property and equipment (89,012 ) - (89,012 ) Net cash provided by financing activities 249,399 - 249,399 FINANCING ACTIVITIES Financing costs (153,947 ) - (153,947 ) Loans from (repayments to) related parties 1,388 - 1,388 Net cash provided by financing activities (152,559 ) - (152,559 ) NET INCREASE (DECREASE) IN CASH 277,826 - 277,826 CASH Beginning of year - - - End of year $ 277,826 $ - $ 277,826 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Interest paid - - - Income tax paid - - -

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2017
Inventories Tables
Schedule of Inventory	2017 2016 Machinery & Equipment $ 778,511 $ - Parts 104,411 - Total $ 882,922 $ -

ACQUISITION (Tables)

ACQUISITION (Tables)	3 Months Ended
	Mar. 31, 2017
Acquisition Tables
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	Purchase Consideration Amount of consideration: $ 6,140,000 Assets acquired and liabilities assumed at preliminary fair value Cash $ 338,000 Accounts receivable 157,000 Prepaid taxes 103,000 Inventories 1,246,000 Financing costs 52,000 Property and equipment 6,900,000 Other assets 85,000 Accounts payable and accrued expenses (175,000 ) Uncertain tax position (129,000 ) Deferred tax liability (2,135,000 ) Other liabilities (28,000 ) Net tangible assets acquired $ 6,414,000 Identifiable intangible assets Intangible assets * $ - Total Identifiable Intangible Assets $ - Total net assets acquired $ 6,414,000 Consideration paid 6,140,000 Provisional gain on bargain purchase $ 274,000
Business acquisition pro forma information	For the Three Months Ended March 31, 2017 2016 Revenues, net $ 1,827,000 $ 1,874,000 Net income (loss) allocable to common shareholders $ 285,000 $ 462,000 Net income (loss) per share $ 0.09 $ 0.15 Weighted average number of shares outstanding 3,115,500 3,115,500

CAPITALIZED LEASES (Tables)

CAPITALIZED LEASES (Tables)	3 Months Ended
	Mar. 31, 2017
Capitalized Leases Tables
Schedule of Future Minimum Lease Payments for Capital Leases	For the year ending December 31, Amount 2017 $ 767,895 2018 1,023,860 2019 1,023,860 2020 1,023,860 2021 511,923 Total minimum lease payments 4,351,398 Less amount representing interest 1,111,398 Present value of minimum lease payments 3,240,000 Less current portion of minimum lease 595,347 Long-term present value of minimum lease payment $ 2,824,653

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Tables
Schedule of Future Minimum Rental Payments for Operating Leases	Year Ending December 31, Operating Leases 2017 $ 75,000 2018 100,000 2019 100,000 2020 100,000 2021 100,000 thereafter 525,000 Total minimum lease payments $ 1,000,000

ORGANIZATION AND NATURE OF BU26

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 15, 2013	Mar. 31, 2017	Dec. 31, 2016
State of incorporation		Delaware
Date of Incorporation		Jan. 22, 2013
Business acquisition short term promissory note
Minimum [Member]
Business acquisition cash balance		$ 200,000
1847 Neese Corporation [Member] | Neese Acquisition [Member]
Business acquisition purchase price		$ 2,225,000
Business acquisition equity interest issued or issuable		450 shares of the common stock of 1847 Neese, constituting 45% of its capital stock, which we refer to as the purchase price shares
Business acquisition vesting promissory note		$ 1,875,000
Business acquisition short term promissory note		1,025,000
Business acquisition cash balance		$ 338,000
PPI Management Group, LLC [Member]
Acquired interest in two consulting firms	50.00%
Christals Management LLC [Member]
Acquired interest in two consulting firms	50.00%

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jun. 09, 2017	Jul. 02, 2014	Mar. 31, 2017
Stock Split	1-for-25	75 for 1
Common stock authorized shares increase as a result of stock split		50,000,000 to 500,000,000 shares
Common stock issued and outstanding shares increase as a result of stock split	77,887,500 to 3,115,500 shares	1,038,050 to 77,853,750 shares
Minimum [Member]
Estimated useful lives			1 year
Maximum [Member]
Estimated useful lives			10 years
Leasehold Improvements [Member] | Minimum [Member]
Estimated useful lives			3 years
Leasehold Improvements [Member] | Maximum [Member]
Estimated useful lives			5 years
Furniture, Vehicles and Equipment [Member] | Minimum [Member]
Estimated useful lives			3 years
Furniture, Vehicles and Equipment [Member] | Maximum [Member]
Estimated useful lives			10 years

RESTATEMENT OF FINANCIAL STAT28

RESTATEMENT OF FINANCIAL STATEMENT (Details) - USD ($)		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash				$ 367	$ 415
Accounts receivable, net
Inventory, net
Prepaid expenses and other assets			369
TOTAL CURRENT ASSETS			369
Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017
Financing costs, net of accumulated amortization
Other assets
Investments			6
TOTAL ASSETS			375
CURRENT LIABILITIES
Accounts payable and accrued liabilities			561,378
Advances, related party			108,878
Promissory note
Uncertain tax liability
Current portion of capital lease obligations
Other liabilities
TOTAL CURRENT LIABILITIES			670,256
LONG-TERM LIABILITIES
Vesting note payable
Capital lease obligation, net of current portion
TOTAL LIABILITIES			670,256
STOCKHOLDERS' EQUITY
Allocation shares			1,000
Common Stock, $0.0001 par value: 500,000,000 Authorized shares: 3,115,500 issued and outstanding shares as of March 31, 2017 and December 31, 2016			7
Additional Paid In Capital			14,999
Accumulated Equity (Deficit)			(685,887)
TOTAL SHAREHOLDERS' EQUITY			(669,881)
NONCONTROLLING INTERESTS
TOTAL EQUITY			(669,881)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY			375
As Filed [Member]
Current Assets
Cash		$ 277,826
Accounts receivable, net		315,571
Inventory, net		882,922
Prepaid expenses and other assets		207,888
TOTAL CURRENT ASSETS		1,684,207
Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017		6,789,012
Financing costs, net of accumulated amortization		202,203
Other assets		85,691
Investments		6
TOTAL ASSETS		8,761,119
CURRENT LIABILITIES
Accounts payable and accrued liabilities		978,854
Advances, related party		110,266
Promissory note		1,025,000
Short term note		625,000
Uncertain tax liability
Deferred income taxes payable
Current portion of capital lease obligations		595,347
Other liabilities		26,107
TOTAL CURRENT LIABILITIES		3,360,574
LONG-TERM LIABILITIES
Vesting note payable		1,250,000
Deferred tax payable
Deferred tax liabilities
Capital lease obligation, net of current portion		2,644,653
TOTAL LONG-TERM LIABILITIES		3,894,653
TOTAL LIABILITIES		7,255,227
STOCKHOLDERS' EQUITY
Allocation shares		1,000
Common Stock, $0.0001 par value: 500,000,000 Authorized shares: 3,115,500 issued and outstanding shares as of March 31, 2017 and December 31, 2016		7
Additional Paid In Capital		14,999
Accumulated Equity (Deficit)		1,563,892
TOTAL SHAREHOLDERS' EQUITY		1,579,898
NONCONTROLLING INTERESTS		(74,006)
TOTAL EQUITY		1,505,892
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		8,761,119
Adjustment [Member]
Current Assets
Cash
Accounts receivable, net
Inventory, net
Prepaid expenses and other assets	[1]	103,000
TOTAL CURRENT ASSETS		103,000
Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017
Other assets
Investments
TOTAL ASSETS		103,000
CURRENT LIABILITIES
Accounts payable and accrued liabilities
Advances, related party
Promissory note
Short term note	[2]	(625,000)
Uncertain tax liability	[1]	129,000
Deferred income taxes payable	[1]	91,000
Other liabilities
TOTAL CURRENT LIABILITIES		(405,000)
LONG-TERM LIABILITIES
Vesting note payable	[2]	625,000
Deferred tax payable	[1]	2,044,646
Deferred tax liabilities	[3]	(106,090)
TOTAL LONG-TERM LIABILITIES		2,563,556
TOTAL LIABILITIES		2,158,556
STOCKHOLDERS' EQUITY
Allocation shares
Common Stock, $0.0001 par value: 500,000,000 Authorized shares: 3,115,500 issued and outstanding shares as of March 31, 2017 and December 31, 2016	[4]	3,108
Additional Paid In Capital	[4]	(3,108)
Accumulated Equity (Deficit)	[1]	(2,161,646)
TOTAL SHAREHOLDERS' EQUITY		(2,103,297)
NONCONTROLLING INTERESTS		47,741
TOTAL EQUITY		(2,055,556)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		103,000
As Restated [Member]
Current Assets
Cash		277,826
Accounts receivable, net		315,571
Inventory, net		882,922
Prepaid expenses and other assets		310,888
TOTAL CURRENT ASSETS		1,787,207
Property and equipment, net of accumulated depreciation of $200,000 as of March 31, 2017		6,789,012
Financing costs, net of accumulated amortization		202,203
Other assets		85,691
Investments		6
TOTAL ASSETS		8,864,119
CURRENT LIABILITIES
Accounts payable and accrued liabilities		978,854
Advances, related party		110,266
Promissory note		1,025,000
Short term note
Uncertain tax liability		129,000
Deferred income taxes payable		91,000
Current portion of capital lease obligations		595,347
Other liabilities		26,107
TOTAL CURRENT LIABILITIES		2,955,574
LONG-TERM LIABILITIES
Vesting note payable		1,875,000
Deferred tax payable		1,938,556
Deferred tax liabilities		1,938,556
Capital lease obligation, net of current portion		2,644,653
TOTAL LONG-TERM LIABILITIES		5,833,209
TOTAL LIABILITIES		9,413,783
STOCKHOLDERS' EQUITY
Allocation shares		1,000
Common Stock, $0.0001 par value: 500,000,000 Authorized shares: 3,115,500 issued and outstanding shares as of March 31, 2017 and December 31, 2016		3,115
Additional Paid In Capital		11,891
Accumulated Equity (Deficit)		(539,405)
TOTAL SHAREHOLDERS' EQUITY		(523,399)
NONCONTROLLING INTERESTS		(26,265)
TOTAL EQUITY		(549,664)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 8,864,119
[1]	The Company determined the bargain purchase gain recorded upon the acquisition of Neese, Inc. on March 3, 2017 excluded prepaid taxes of $103,000, deferred taxes liabilities of $2,161,646 and an uncertain tax liability of $129,000. The gain on bargain purchase was reduced by $2,161,646 from the statement of operations in the period ending March 31, 2017 and prepaid tax was increased by $103,000, the current deferred tax liability increased $91,000 and uncertain tax liability of $129,000 and non-current deferred tax liability increased $2,044,646.
[2]	The Company reclassified a $625,000 of the vested promissory note previously classified as current to long-term as of March 31, 2017.
[3]	The Company adjusted the impact on the tax expense (benefit) and prepaid taxes and tax liabilities for the three months ending March 31, 2017. The non-current deferred tax liability decreased $106,090 resulting in a tax benefit of $106,090 for the three months ending March 31, 2017. Furthermore, the loss attributable to non-controlling interest was decreased by $47,741 for the three months ending March 31, 2017.
[4]	Reflects the 1-for-25 reverse stock split of our outstanding shares as of June 9, 2017.

RESTATEMENT OF FINANCIAL STAT29

RESTATEMENT OF FINANCIAL STATEMENT (Details 1) - USD ($)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
REVENUES
COST OF SALES
GROSS PROFIT
General and administrative expenses			39,345
TOTAL OPERATING EXPENSES			39,345
NET LOSS FROM OPERATIONS			(39,345)
OTHER INCOME (EXPENSE)
Financing costs
Interest expense
TOTAL OTHER INCOME (EXPENSE)
NET INCOME (LOSS) BEFORE INCOME TAXES			(39,345)
INCOME TAX EXPENSE
NET INCOME (LOSS)			(39,345)
Less net income (loss) attributable to non-controlling interest
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS			$ (39,345)
Basic and diluted earnings per share			$ (0.01)
Weighted average basis and diluted shares outstanding			3,115,500
As Filed [Member]
REVENUES		$ 661,863
COST OF SALES		519,326
GROSS PROFIT		142,537
General and administrative expenses		343,485
TOTAL OPERATING EXPENSES		343,485
NET LOSS FROM OPERATIONS		(200,948)
OTHER INCOME (EXPENSE)
Financing costs		(4,044)
Interest expense		(55,161)
Gain on bargain purchase		2,435,927
TOTAL OTHER INCOME (EXPENSE)		2,376,722
NET INCOME (LOSS) BEFORE INCOME TAXES		2,175,774
INCOME TAX EXPENSE
NET INCOME (LOSS)		2,175,774
Less net income (loss) attributable to non-controlling interest		(74,006)
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS		$ 2,249,780
Basic and diluted earnings per share		$ 0.7
Weighted average basis and diluted shares outstanding		3,115,500
Adjustment [Member]
REVENUES
COST OF SALES
GROSS PROFIT
General and administrative expenses
TOTAL OPERATING EXPENSES
NET LOSS FROM OPERATIONS
OTHER INCOME (EXPENSE)
Financing costs
Interest expense
Gain on bargain purchase	[1]	(2,161,646)
TOTAL OTHER INCOME (EXPENSE)		(2,161,646)
NET INCOME (LOSS) BEFORE INCOME TAXES		(2,161,646)
INCOME TAX EXPENSE	[2]	(106,090)
NET INCOME (LOSS)		(2,055,556)
Less net income (loss) attributable to non-controlling interest	[2]	47,741
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS		(2,103,297)
As Restated [Member]
REVENUES		661,863
COST OF SALES		519,326
GROSS PROFIT		142,537
General and administrative expenses		343,485
TOTAL OPERATING EXPENSES		343,485
NET LOSS FROM OPERATIONS		(200,948)
OTHER INCOME (EXPENSE)
Financing costs		(4,044)
Interest expense		(55,161)
Gain on bargain purchase		274,281
TOTAL OTHER INCOME (EXPENSE)		215,076
NET INCOME (LOSS) BEFORE INCOME TAXES		14,128
INCOME TAX EXPENSE		(106,090)
NET INCOME (LOSS)		120,218
Less net income (loss) attributable to non-controlling interest		(26,265)
NET INCOME (LOSS) ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS		$ 146,483
Basic and diluted earnings per share		$ 0.04
Weighted average basis and diluted shares outstanding		3,115,500
[1]	The Company determined the bargain purchase gain recorded upon the acquisition of Neese, Inc. on March 3, 2017 excluded prepaid taxes of $103,000, deferred taxes liabilities of $2,161,646 and an uncertain tax liability of $129,000. The gain on bargain purchase was reduced by $2,161,646 from the statement of operations in the period ending March 31, 2017 and prepaid tax was increased by $103,000, the current deferred tax liability increased $91,000 and uncertain tax liability of $129,000 and non-current deferred tax liability increased $2,044,646.
[2]	The Company adjusted the impact on the tax expense (benefit) and prepaid taxes and tax liabilities for the three months ending March 31, 2017. The non-current deferred tax liability decreased $106,090 resulting in a tax benefit of $106,090 for the three months ending March 31, 2017. Furthermore, the loss attributable to non-controlling interest was decreased by $47,741 for the three months ending March 31, 2017.

RESTATEMENT OF FINANCIAL STAT30

RESTATEMENT OF FINANCIAL STATEMENT (Details 2) - USD ($)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
OPERATING ACTIVITIES
Net loss			$ (39,345)
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on acquisition
Depreciation expense
Amortization of financing costs
Changes in operating assets and liabilities:
Increase in accounts receivable
Decrease in inventory
Increase in prepaid expenses
Increase (decrease) in accounts payable and accrued expenses
Increase in other liabilitites			43,797
Decrease in deferred tax liability
Net cash provided by (used in) operating activities			4,452
INVESTING ACTIVITIES
Cash acquired in acquisition
Purchases of property and equipment			(4,500)
Net cash provided by investing activities			4,500
FINANCING ACTIVITIES
Financings costs
Loans from (repayments to) related party			(4,500)
Net cash provided by financing activities			4,500
NET INCREASE (DECREASE) IN CASH			(48)
CASH
Beginning of period			415
End of period			367
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Income taxes paid
As Filed [Member]
OPERATING ACTIVITIES
Net loss		2,175,774
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on acquisition		(2,435,927)
Depreciation expense		200,000
Amortization of financing costs		4,044
Changes in operating assets and liabilities:
Increase in accounts receivable		(158,299)
Decrease in inventory		362,637
Increase in prepaid expenses		(207,846)
Increase (decrease) in accounts payable and accrued expenses		242,419
Increase in other liabilitites		(1,816)
Decrease in deferred tax liability
Net cash provided by (used in) operating activities		180,986
INVESTING ACTIVITIES
Cash acquired in acquisition		338,411
Purchases of property and equipment		(89,012)
Net cash provided by investing activities		249,399
FINANCING ACTIVITIES
Financings costs		(153,947)
Loans from (repayments to) related party		1,388
Net cash provided by financing activities		(152,559)
NET INCREASE (DECREASE) IN CASH		277,826
CASH
Beginning of period
End of period		277,826
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Income taxes paid
Adjustment [Member]
OPERATING ACTIVITIES
Net loss		(2,055,556)
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on acquisition	[1]	2,161,646
Depreciation expense
Amortization of financing costs
Changes in operating assets and liabilities:
Increase in accounts receivable
Increase in prepaid expenses
Increase (decrease) in accounts payable and accrued expenses
Increase in other liabilitites
Decrease in deferred tax liability	[2]	(106,090)
Net cash provided by (used in) operating activities
INVESTING ACTIVITIES
Cash acquired in acquisition
Purchases of property and equipment
Net cash provided by investing activities
FINANCING ACTIVITIES
Financings costs
Loans from (repayments to) related party
Net cash provided by financing activities
NET INCREASE (DECREASE) IN CASH
CASH
Beginning of period
End of period
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Income taxes paid
As Restated [Member]
OPERATING ACTIVITIES
Net loss		120,218
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on acquisition		(274,281)
Depreciation expense		200,000
Amortization of financing costs		4,044
Changes in operating assets and liabilities:
Increase in accounts receivable		(158,299)
Decrease in inventory		362,637
Increase in prepaid expenses		(207,846)
Increase (decrease) in accounts payable and accrued expenses		242,419
Increase in other liabilitites		(1,816)
Decrease in deferred tax liability		(106,090)
Net cash provided by (used in) operating activities		180,986
INVESTING ACTIVITIES
Cash acquired in acquisition		338,411
Purchases of property and equipment		(89,012)
Net cash provided by investing activities		249,399
FINANCING ACTIVITIES
Financings costs		(153,947)
Loans from (repayments to) related party		1,388
Net cash provided by financing activities		(152,559)
NET INCREASE (DECREASE) IN CASH		277,826
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Income taxes paid
[1]	The Company determined the bargain purchase gain recorded upon the acquisition of Neese, Inc. on March 3, 2017 excluded prepaid taxes of $103,000, deferred taxes liabilities of $2,161,646 and an uncertain tax liability of $129,000. The gain on bargain purchase was reduced by $2,161,646 from the statement of operations in the period ending March 31, 2017 and prepaid tax was increased by $103,000, the current deferred tax liability increased $91,000 and uncertain tax liability of $129,000 and non-current deferred tax liability increased $2,044,646.
[2]	The Company adjusted the impact on the tax expense (benefit) and prepaid taxes and tax liabilities for the three months ending March 31, 2017. The non-current deferred tax liability decreased $106,090 resulting in a tax benefit of $106,090 for the three months ending March 31, 2017. Furthermore, the loss attributable to non-controlling interest was decreased by $47,741 for the three months ending March 31, 2017.

RESTATEMENT OF FINANCIAL STAT31

RESTATEMENT OF FINANCIAL STATEMENT (Details Narrative) - USD ($)		Jun. 09, 2017	Jul. 02, 2014	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Prepaid expenses and other assets						$ 369
Accumulated (Deficit)						(685,887)
Uncertain tax liability
INCOME TAX EXPENSE
Decrease in deferred tax liability
Less net income (loss) attributable to non-controlling interest
Vesting note payable
Stock Split		1-for-25	75 for 1
Adjustment [Member]
Prepaid expenses and other assets	[1]			$ 103,000
Accumulated (Deficit)	[1]			(2,161,646)
Uncertain tax liability	[1]			129,000
Gain on bargain purchase	[1]			(2,161,646)
Deferred tax payable	[1]			2,044,646
Deferred income taxes payable	[1]			91,000
INCOME TAX EXPENSE	[2]			(106,090)
Decrease in deferred tax liability	[2]			(106,090)
Less net income (loss) attributable to non-controlling interest	[2]			47,741
Vesting note payable	[3]			$ 625,000
[1]	The Company determined the bargain purchase gain recorded upon the acquisition of Neese, Inc. on March 3, 2017 excluded prepaid taxes of $103,000, deferred taxes liabilities of $2,161,646 and an uncertain tax liability of $129,000. The gain on bargain purchase was reduced by $2,161,646 from the statement of operations in the period ending March 31, 2017 and prepaid tax was increased by $103,000, the current deferred tax liability increased $91,000 and uncertain tax liability of $129,000 and non-current deferred tax liability increased $2,044,646.
[2]	The Company adjusted the impact on the tax expense (benefit) and prepaid taxes and tax liabilities for the three months ending March 31, 2017. The non-current deferred tax liability decreased $106,090 resulting in a tax benefit of $106,090 for the three months ending March 31, 2017. Furthermore, the loss attributable to non-controlling interest was decreased by $47,741 for the three months ending March 31, 2017.
[3]	The Company reclassified a $625,000 of the vested promissory note previously classified as current to long-term as of March 31, 2017.

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Total
Machinery and Equipment [Member]
Total	$ 778,511
Parts [Member]
Total	$ 104,411

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative) - shares	1 Months Ended
	Sep. 15, 2013	Mar. 31, 2017	Dec. 31, 2016
Common shares, issued		3,115,500	3,115,500
PPI Management Group, LLC [Member]
Acquired interest in two consulting firms	50.00%
Christals Management LLC [Member]
Acquired interest in two consulting firms	50.00%
Mr. Roberts [Member]
Common shares, issued	65,625,000

ACQUISITION (Details)

ACQUISITION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Assets acquired and liabilities assumed at preliminary fair value
Uncertain tax position
Business Acquisitions [Member]
Purchase Consideration
Amount of consideration:	$ 6,140,000
Assets acquired and liabilities assumed at preliminary fair value
Cash	338,000
Accounts receivable	157,000
Prepaid taxes	103,000
Inventories	1,246,000
Financing costs	52,000
Property and equipment	6,900,000
Other assets	85,000
Accounts payable and accrued expenses	(175,000)
Uncertain tax position	(129,000)
Deferred tax liability	(2,135,000)
Other liabilities	(28,000)
Net tangible assets acquired	6,414,000
Identifiable intangible assets
Intangible assets *
Total Identifiable Intangible Assets
Total net assets acquired	6,414,000
Consideration paid	6,140,000
Provisional gain on bargain purchase	$ 274,000

ACQUISITION (Details 1)

ACQUISITION (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income (loss) per share		$ (0.01)
Weighted average number of shares outstanding		3,115,500
Business Acquisitions [Member]
Revenues, net	$ 1,827,000	$ 1,874,000
Net income (loss) allocable to common shareholders	$ 285,000	$ 462,000
Net income (loss) per share	$ 0.09	$ 0.15
Weighted average number of shares outstanding	3,115,500	3,115,500

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Business acquisition short term promissory note
Minimum [Member]
Business acquisition cash balance, closing	$ 200,000
Estimated useful life	1 year
Maximum [Member]
Estimated useful life	10 years
1847 Neese Corporation [Member] | Neese Acquisition [Member]
Business acquisition purchase price	$ 2,225,000
Business acquisition equity interest issued or issuable	450 shares of the common stock of 1847 Neese, constituting 45% of its capital stock, which we refer to as the purchase price shares
Business acquisition vesting promissory note	$ 1,875,000
Business acquisition short term promissory note	1,025,000
Business acquisition cash balance, closing	338,000
Business acquisition fair value of net assets acquired	$ 6,000,000

PROMISSORY NOTES (Details Narra

PROMISSORY NOTES (Details Narrative) - USD ($)	Mar. 03, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2020	Mar. 31, 2017	Dec. 31, 2016
Interest rate							8.00%
Business acquisition short term promissory note
Subsequent Event [Member]
Interest rate	10.00%
Adjusted EBITDA target for vesting of promissory note				$ 1,300,000
Description of vesting promissory note		Fiscal Year 2019 - If Adjusted EBITDA for the fiscal year ending December 31, 2019, exceeds the Adjusted EBITDA Target, then a portion of the principal amount of the Vesting Note that is equal to sixty percent (60%) of such excess shall vest. Interest shall be payable on such vested portion of principal from January 1, 2019 through the Maturity Date.	Fiscal Year 2018 - If Adjusted EBITDA for the fiscal year ending December 31, 2018, exceeds the Adjusted EBITDA Target, then a portion of the principal amount of the Vesting Note that is equal to sixty percent (60%) of such excess shall vest. Interest shall be payable on such vested portion of principal from January 1, 2018 through the Maturity Date.	Fiscal Year 2017 - If Adjusted EBITDA for the fiscal year ending December 31, 2017, exceeds an Adjusted EBITDA target of $1,300,000 (the ?Adjusted EBITDA Target?), then a portion of the principal amount of the Vesting Note that is equal to sixty percent (60%) of such excess shall vest. Interest shall be payable on such vested portion of principal from January 1, 2017 through the Maturity Date.
Subsequent Event [Member] | Promissory Note [Member]
Interest rate					8.00%
1847 Neese Corporation [Member] | Neese Acquisition [Member]
Business acquisition vesting promissory note						$ 1,875,000
Business acquisition short term promissory note						$ 1,025,000
1847 Neese Corporation [Member] | Neese Acquisition [Member] | Subsequent Event [Member]
Description for prepayment of the promissory note and accrued interest	The unpaid principal, and all accrued, but unpaid, interest thereon shall be prepaid if at any time, and from time to time, the cash on hand of 1847 Neese and Neese exceeds $250,000 and, then, the prepayment shall be equal to the amount of cash in excess of $200,000 until the unpaid principal and accrued, but unpaid, interest thereon is fully prepaid. The Short Term Note contains the same events of default as the Vesting Note.
Cash balance to prepay outstanding promissory note and accrued interest	$ 250,000
Prepayment of short term debt in excess of cash balance, amount	$ 200,000

CAPITAL LEASES (Details)

CAPITAL LEASES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
For the year ending December 31,
2,017	$ 767,895
2,018	1,023,860
2,019	1,023,860
2,020	1,023,860
2,021	511,923
Total minimum lease payments	4,351,398
Less amount representing interest	1,111,398
Present value of minimum lease payments	3,240,000
Less current portion of minimum lease
Long-term present value of minimum lease payment	$ 2,824,653

CAPITAL LEASES (Details Narrati

CAPITAL LEASES (Details Narrative)	3 Months Ended
	Mar. 31, 2017USD ($)
Aggregate value of minimum lease payments	$ 3,240,000
Accumulated amortization	200,000
Capital lease assets	$ 6,900,000
Capital lease expiration	Jun. 30, 2021
Capital lease, interest rate	14.40%
Master Lease Agreement [Member]
Lease agreement date	Mar. 3, 2017
Aggregate value of minimum lease payments	$ 3,240,000
Lease term	51 months
Lease rent (Monthly)	$ 53,000
Increasing lease rent (Monthly)	$ 85,322
Lease term, Description	If any rent is not received by the Lessor within five (5) calendar days of the due date, the Lessee shall pay a late charge equal to ten (10%) percent of the amount
Administration fee	$ 3,000
Capital lease agreement, term	The Lessee is required to pay, together with all other amounts then due and payable under the Master Lease, in cash, an end of term buyout price equal to the lesser of (a) $162,000 (five (5%) percent of the Total Invoice Cost (as defined in the Master Lease)) or (b) the fair market value of the Equipment, as determined by the Lessor.

RELATED PARTIES (Details Narrat

RELATED PARTIES (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 15, 2013	Dec. 31, 2016	Mar. 31, 2017	Mar. 03, 2017
Bad debt expense		$ 100,000
Advances, related party		$ 108,878	$ 110,266
Management Services Agreement [Member]
Description of management fee	Quarterly management fee equal to 0.5% (2.0% annualized) of our company's adjusted net assets for services performed
Management consulting fee, quarterly	$ 43,750			$ 62,500

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended
	Mar. 03, 2017	Mar. 31, 2017	Dec. 31, 2016
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		3,115,500	3,115,500
Common shares, outstanding		3,115,500	3,115,500
Ownership of allocation shares by manager			100.00%
Allocation of profit			20.00%
Interest rate			8.00%
Noncontrolling interest, ownership percentage		45.00%
Acquisition interest acquired	55.00%
Non-controlling interest of subsidiary amount		$ 26,265
Chief Executive Officer [Member]
Allocation shares, issued		1,000
Allocation shares, outstanding		1,000

COMMITMENTS AND CONTINGENCIES42

COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2017USD ($)
Year Ending December 31,
2,017	$ 75,000
2,018	100,000
2,019	100,000
2,020	100,000
2,021	100,000
thereafter	525,000
Total minimum lease payments	$ 1,000,000

COMMITMENTS AND CONTINGENCIES43

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Agreement of Lease - Related Party [Member]	3 Months Ended
	Mar. 31, 2017USD ($)
Lease agreement date	Mar. 3, 2017
Lease term	10 years
Lease rent (Monthly)	$ 8,333
Lease term, Description	In the event of late payment, interest shall accrue on the unpaid amount at the rate of eighteen percent (18%) per annum. The Lease contains customary events of default, including if Neese shall fail to pay rent within five (5) days after the due date, or if Neese shall fail to perform any other terms, covenants or conditions under the Lease

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jul. 07, 2017	Jul. 17, 2017	Mar. 31, 2016
NET INCOME (LOSS)			$ (39,345)
Stock Purchase Agreement 1847 Fitness [Member] | Subsequent Event [Member]
Common stock issuable for business acquisition, percentage	13.50%
Common stock issuable for business acquisition, par value	$ 0.001
Issuance of promissory note	$ 1,000,000
Description of breaches of certain non-fundamental representations and warranties	In the case of the indemnification provided by the sellers with respect to breaches of certain non-fundamental representations and warranties, the sellers will only become liable for indemnified losses if the amount exceeds $150,000, whereupon they will be liable for all losses relating back to the first dollar.
Stock Purchase Agreement 1847 Fitness [Member] | Subsequent Event [Member] | Maximum [Member]
Gross-Up Amount	$ 238,000
Stock Purchase Agreement 1847 Wood [Member] | Subsequent Event [Member]
Aggregate purchase price		$ 6,532,140
Aggregate purchase price, cash		5,250,000
Issuance of promissory note		$ 1,282,140
Description of breaches of certain non-fundamental representations and warranties		The Seller will only become liable for indemnified losses if the amount exceeds $100,000, provided, however, that any losses payable by the Seller to 1847 Wood shall first be offset against the promissory note prior to the Seller having any obligation to make any payments to 1847 Wood.
Stock Purchase Agreement 1847 Wood [Member] | Subsequent Event [Member] | Maximum [Member]
NET INCOME (LOSS)		$ 1,224,776
Stock Purchase Agreement 1847 Wood [Member] | Subsequent Event [Member] | Minimum [Member]
NET INCOME (LOSS)		$ 2,041,294