1847 (EFSH) S-1/A 30 Jan 18 IPO registration (amended) Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2017
Document And Entity Information
Entity Registrant Name	1847 Holdings LLC
Entity Central Index Key	1,599,407
Document Type	S-1/A
Document Period End Date	Sep. 30, 2017
Amendment Flag	true
Amendment Description	Amendment
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
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 286,825		$ 415
Accounts receivable, net	260,552		100,000
Inventory, net	565,939
Prepaid expenses and other assets	177,366	369	369
TOTAL CURRENT ASSETS	1,290,682	369	100,784
Fixed Assets, net of accumulated depreciation of $912,168 as of September 30, 2017	6,527,123
Other assets	85,697	6
INVESTMENTS			6
TOTAL ASSETS	7,903,502	375	100,790
CURRENT LIABILITIES
Accounts payable and accrued expenses	1,444,135	561,378	402,681
Line of credit	350,000
Advances, related party	148,881	108,878	98,146
Promissory Note	1,025,000
Note payable – short-term	72,587
Uncertain tax liability	130,000
Current portion of capital lease obligation	480,352
TOTAL CURRENT LIABILITIES	3,650,955	670,256
Non-current note-payable	323,808
Vesting note payable	1,875,000
Non-current deferred tax liability	1,332,219
Capital lease obligation, net of current portion	2,472,261
TOTAL LIABILITIES	9,654,243	670,256	500,827
SHAREHOLDERS’ DEFICIT
Allocation shares, 1,000 shares issued and outstanding	1,000	1,000	1,000
Common Shares, 500,000,000 shares authorized, 623,125 shares issued and outstanding as of September 30, 2017 and December 31, 2016	623	7	7
Additional paid-in capital	14,383	14,999	14,999
Accumulated Deficit	(1,218,491)	(685,887)	(416,043)
TOTAL SHAREHOLDERS’ DEFICIT	(1,202,485)	(669,881)	(400,037)
NONCONTROLLING INTERESTS	(548,256)
TOTAL SHAREHOLDERS’ DEFICIT	(1,750,741)	(669,881)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$ 7,903,502	$ 375	$ 100,790

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Jul. 02, 2014
Current Assets
Accumulated Depreciation	$ 912,168
SHAREHOLDERS’ DEFICIT
Allocation shares, issued	1,000	1,000	1,000
Allocation shares, outstanding	1,000	1,000	1,000
Common shares, authorized	500,000,000	500,000,000	500,000,000	50,000,000
Common shares, issued	623,125	77,887,500	77,887,500	1,038,050
Common shares, outstanding	623,125	77,887,500	77,887,500	1,038,050

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Condensed Consolidated Statements Of Operations
REVENUES	$ 1,205,121		$ 3,655,090			$ 131,250
COST OF SALES	1,563,475		3,835,893
GROSS PROFIT	(358,354)		(180,803)
General and administrative expenses	695,270	44,005	1,499,673	127,964	107,031	137,470
Professional fees					162,813	205,103
TOTAL OPERATING EXPENSES	695,270	44,005	1,499,673	127,964	269,844	342,573
NET LOSS FROM OPERATIONS	(1,053,624)	(44,005)	(1,680,476)	(127,964)	(269,844)	(211,323)
OTHER INCOME (LOSS)
Financing costs	(12,132)		(26,606)
Interest expense	(174,868)		(402,547)
Gain on sale of fixed assets	87,701		87,701
Gain on bargain purchase			274,281
TOTAL OTHER INCOME (LOSS)	(99,299)		(67,171)
NET LOSS BEFORE INCOME TAXES AND NON-CONTROLLING INTERESTS	(1,152,923)	(44,005)	(1,747,647)	(127,964)
PROVISION FOR INCOME TAXES (BENEFIT)	(407,465)		(666,788)
NET LOSS	(745,458)	(44,005)	(1,080,859)	(127,964)	$ (269,844)	$ (211,323)
Less net loss attributable to non-controlling interests	(274,561)		(548,256)
NET LOSS ATTRIBUTABLE TO 1847 HOLDINGS SHAREHOLDERS	$ (470,897)	$ (44,005)	$ (532,603)	$ (127,964)
Net Loss Per Share: Basic and diluted	$ (0.76)	$ (0.07)	$ (0.85)	$ (0.21)	$ 0	$ 0
Weighted-average number of common shares outstanding: Basic and diluted	623,125	623,125	623,125	623,125	77,887,500	77,887,500

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS DEFICIT - USD ($)	Common Stock	Allocation Shares	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2014	77,887,500
Beginning Balance, Amount at Dec. 31, 2014	$ 7	$ 1,000	$ 14,999	$ (204,720)	$ (188,714)
Net loss				(211,323)	(211,323)
Ending Balance, Shares at Dec. 31, 2015	77,887,500
Ending Balance, Amount at Dec. 31, 2015	$ 7	1,000	14,999	(416,043)	(400,037)
Net loss				(269,844)	(269,844)
Ending Balance, Shares at Dec. 31, 2016	77,887,500
Ending Balance, Amount at Dec. 31, 2016	$ 7	$ 1,000	$ 14,999	$ (685,887)	(669,881)
Net loss					(1,080,859)
Ending Balance, Amount at Sep. 30, 2017					$ (1,202,485)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES
Net income (loss)	$ (1,080,859)	$ (127,964)	$ (269,844)	$ (211,323)
Adjustments to reconcile net income to net cash provided by operating activities:
Write-off of bad debts			(100,000)
Gain on acquisition	(274,281)
Gain on sale of fixed assets	(87,701)
Depreciation expense	934,484
Amortization of financing costs	26,606
Changes in operating assets and liabilities:
Increase accounts receivable	(103,280)			(37,500)
Decrease in inventory	471,972
Increase in prepaid expenses	(8,110)
Increase in accounts payable and accrued expenses	674,233	118,936	158,686	194,095
Increase in uncertain tax position	1,000
Decrease in deferred tax liability and prepaid tax	(725,934)
Increase in other liabilitites	(28,255)
Net used in operating activities	(200,125)	(9,028)	(11,158)	(54,728)
INVESTING ACTIVITIES
Cash acquired in acquisition	338,411
Proceeds from the sale of fixed assets	365,472
Purchase of equipment	(741,638)
Net cash used in investing activities	(37,755)
FINANCING ACTIVITIES
Proceeds from line of credit	350,000
Proceeds from notes payable	396,395
Financings costs	(153,947)
Principal payments on capital lease obligation	(107,746)
Proceeds (repayment) from bank overdraft			11	(446)
Loans from related party			10,732	55,589
Loans from (repayments to) related party	40,003	8,650
Net cash provided by financing activities	524,705	8,650	10,743	55,143
NET CHANGE IN CASH	286,825	(378)	(415)	415
CASH
Beginning of period		415	415
End of period	286,825	37		415
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	223,453
Income taxes paid	$ 67,400

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	1847 Holdings LLC (“we,” “our” and “our 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 three 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, PPI Management Group, LLC and Christals Management, LLC. 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. The consolidated financial statements include the accounts of our company and its wholly-owned subsidiaries, 1847 Management and 1847 Neese. All significant intercompany balances and transactions have been eliminated in consolidation. Unaudited Interim Financial Statements The accompanying unaudited interim consolidated financial statements as of September 30, 2017, and for the three and nine months ended September 30, 2017 and 2016 have been prepared in accordance with accounting principles generally accepted for interim financial statement presentation and in accordance with the instructions to Form 10-Q. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. They should be read in conjunction with the Company’s annual report on Form 10-K for the year ended December 31, 2016. In the opinion of management, the financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to fairly present the financial position as of September 30, 2017 and the results of operations for the three and nine months ended September 30, 2017 and 2016 and cash flows for the nine months ended September 30, 2017 and 2016. The results of operations for the three and nine months ended September 30, 2017 are not necessarily indicative of the results to be expected for the full year.	1847 Holdings LLC 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 one acquisition. Our wholly-owned subsidiary acquired a 50% interest in each two consulting firms previously controlled by our Chief Executive Officer. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, 1847 Management Services, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The financial statements of our company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented in US dollars. Accounting Basis Our company uses the accrual basis of accounting and GAAP. Our company has adopted a calendar year end. Stock Splits 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. On January 22, 2018, we completed a 1-for-5 reverse stock split of our outstanding common shares. As a result of this stock split, our issued and outstanding common shares decreased from 3,115,500 to shares 623,125 shares. Accordingly, all share and per share information has been restated to retroactively show the effect of these stock splits (See Note 13). Cash and Cash Equivalents Our company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications Certain Statements of Operations 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 and nine months ended September 30, 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. Our 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). Long-Lived Assets Our 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 Our financial instruments consist of cash and cash equivalents and amounts due to shareholders. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. 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, our 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 our 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 our 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 September 30, 2017. Comprehensive Income Our company has established standards for reporting and displaying comprehensive income, its components and accumulated balances. When applicable, our 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. Our company has not had any significant transactions that are required to be reported in other comprehensive income. Recent Accounting Pronouncements We have reviewed all other FASB issued ASU accounting pronouncements and interpretations thereof that have effective dates during the period reported and in future periods. We have carefully considered the new pronouncements that alter the previous GAAP and do not believe that any new or modified principles will have a material impact on our reported financial position or operations in the near term.	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” accounting). The Company has adopted a calendar year end. Stock Split On July 2, 2014, the Company amended the Operating Agreement of 1847 Holdings LLC to effect a stock split of its outstanding and authorized shares of common shares at a ratio of 75 for 1 (the “Stock Split”). As a result of the Stock Split, the Company’s authorized shares of common stock were increased from 50,000,000 to 500,000,000 shares. On July 2, 2014, the Company’s issued and outstanding shares of common stock were increased from 1,038,050 to 77,853,750 shares, all with a par value of $0.001. Accordingly, all share and per share information has been restated to retroactively show the effect of the 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. 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. 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. 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. 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, 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 Financial Accounting Standards Board (“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.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 3 - GOING CONCERN	The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 3 - INVENTORIES	At September 30, 2017 and December 31, 2016, the inventory balances are composed of: 2017 2016 Machinery & Equipment $ 445,795 $ - Parts 120,144 - $ 565,939 $ -

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 4 - 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.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 4 - PROPERTY AND EQUIPMENT	Property and equipment consist of the following at September 30, 2017 and December 31, 2016: Classification September 30, 2017 December 31, 2016 Buildings and improvements $ 1,338 $ - Equipment and machinery 3,349,688 - Tractors 2,658,720 - Trucks and other vehicles 1,419,545 - Total 7,429,291 - Less: Accumulated depreciation (912,168 ) - Property and equipment, net $ 6,517,123 $ - Depreciation expense for the period of March 3, 2017 through September 30, 2017 totaled $934,484.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 5 - ACQUISITION	On March 3, 2017, our wholly-owned subsidiary 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 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 provisional fair value of the purchase consideration issued to the sellers of Neese was allocated to the net tangible assets acquired. We accounted for the acquisition of Neese 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 our company. The fair value of the net assets acquired was approximately $8,575,000. 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 preliminary. Once we complete our 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. Provisional 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 311,000 Inventories 1,038,000 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 Preliminary gain on bargain purchase $ 274,000 *We are reviewing for potential intangible assets, which may potentially change the intangible assets. The following presents the unaudited pro-forma combined results of operations of our company with Neese as if the entities were combined on January 1, 2016. For the Three Months Ended September 30, 2017 2016 Revenues, net $ 1,205,121 $ 1,555,096 Net income (loss) allocable to common shareholders $ (745,458 ) $ 321,429 Net income (loss) per share $ (1.20 ) $ 0.52 Weighted average number of shares outstanding 623,125 623,125 For the Nine Months Ended September 30, 2017 2016 Revenues, net $ 4,838,286 $ 5,007,645 Net income (loss) allocable to common shareholders $ (876,683 ) $ (120,071 ) Net income (loss) per share $ (1.41 ) $ (0.20 ) Weighted average number of shares outstanding 623,125 623,125 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.

LINE OF CREDIT

LINE OF CREDIT	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 6 - LINE OF CREDIT	On September 26, 2017, the company and its subsidiary, 1847 Neese, Inc, as co-borrowers (collectively, the “Borrowers”), entered into a loan and security agreement (the “Home State Bank Loan Agreement”), with Home State Bank, an Iowa state chartered bank (“Home State Bank”), governing a new revolving credit facility in a principal amount not to exceed $1,000,000 (the “Credit Facility”). The Home State Bank Loan Agreement is available for working capital and other general business purposes. Availability of borrowings under the Credit Facility from time to time is subject to discretionary advances approved by Home State Bank. The outstanding principal balance amounted to $350,000 as of September 30, 2017 and the Credit Facility bears interest at 4.85%. The note is due September 1, 2018

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 7 - NOTES PAYABLE	Notes payable at September 30, 2017 and December 31, 2016 are summarized as follows: September 30, 2017 December 31, 2016 2018 Kenworth $ 75,737 $ - 2017 Versatile 450 I 160,329 - 2107 Versatile 450 II 160,329 - 396,395 - Current Portion 72,587 - Total Non-Current $ 323,808 $ - On July 21, 2017, the Company and its subsidiary, 1847 Neese, Inc, entered into a $76,806 promissory note with Home State Bank, secured by a 2018 Kenworth T800 Semi Tractor, bearing interest at 4.5%, amortized over 5 years, payable in monthly installments of principal and interest of $1,434 due August 1, 2022. On September 18, 2017, the Company and its subsidiary, 1847 Neese, Inc, entered into a $160,329 promissory note with Home State Bank, secured by a 2017 Versatile 450 Tractor, bearing interest at 4.5%, amortized over 5 years, payable in monthly installments of principal and interest of $2,990 due September 20, 2022. On September 18, 2017, the Company and its subsidiary, 1847 Neese, Inc, entered into a $160,329 promissory note with Home State Bank, secured by a 2017 Versatile 450 Tractor, bearing interest at 4.5%, amortized over 5 years, payable in monthly installments of principal and interest of $2,990 due September 20, 2022. At September 30, 2017, annual minimum future lease payments under the promissory notes are as follows: Amount For the year ending December 31, 2017 (remainder of the year) $ 17,842 2018 73,407 2019 76,779 2020 80,307 2021 83,996 2022 64,064 Total payments 395,395 Less current portion of principal payments 72,587 Long-term portion of principal payments $ 323,808

PROMISSORY NOTES

PROMISSORY NOTES	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 8 - PROMISSORY NOTES	Vesting Promissory Note As noted above, a portion of the purchase price for the acquisition of Neese 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 of Neese. Payment of the principal and accrued interest on the vesting promissory note is subject to vesting and a contingent consideration subject to fair market valuation adjustment at each reporting period. The vesting promissory 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 September 30, 2020 (the “Maturity Date”). The principal of the vesting promissory 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 promissory 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 promissory 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 promissory 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 promissory note, “Adjusted EBITDA” means the earnings before interest, taxes, depreciation and amortization expenses, in accordance with GAAP 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, 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; and (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 properly categorized as such and shall not be expenses until such inventory is sold or consumed. The vesting promissory 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 stock purchase agreement, the vesting promissory note, or any other agreement entered into in connection with the stock 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 for the acquisition of Neese 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 of Neese. The short-term promissory 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 promissory note contains the same events of default as the vesting promissory note.

CAPITALIZED LEASES

CAPITALIZED LEASES	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
NOTE 9 - CAPITALIZED LEASES	Master Lease Agreement The cash portion of the purchase price for the acquisition of Neese was financed under a capital lease transaction for Neese’s equipment with Utica Leaseco, LLC (the “Lessor”), pursuant to a master lease agreement, dated March 3, 2017, between Utica, as lessor, and 1847 Neese and Neese, as co-lessees (collectively, the “Lessee”). Under the master lease agreement, 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 initial term of the master lease agreement was for 51 months. Under the master lease agreement, the Lessee agreed to pay a monthly rent of $53,000 for the first three (3) months, with such amount increasing to $85,321.63 for the remaining forty-eight (48) months. On June 14, 2017, the parties entered into a first amendment to lease documents, pursuant to which the parties agreed to, among other things, extend the term of the master lease agreement from 51 months to 57 months and amend the payments due thereunder. Under the amendment, the Lessee agreed to pay a monthly rent of $53,000 for the first ten (10) months, with such amount increasing to $85,321.63 for the remaining forty-seven (47) months. In connection with the extension of the term of the master lease agreement, the parties also amended the schedule of stipulated loss values and early termination payment schedule attached thereto. In connection with the amendment, the Lessee agreed to pay the Lessor an amendment fee of $2,500. 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 percent (5%) 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 agreement, the Lessee is required to pay, together with all other amounts then due and payable under the master lease agreement, in cash, an end of term buyout price equal to the lesser of: (a) $162,000 (five percent (5%) of the Total Invoice Cost (as defined in the master lease agreement)); or (b) the fair market value of the Equipment, as determined by the Lessor. Provided that no default under the master lease agreement 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 agreement, which represents the anticipated fair market value of the Equipment as of the anticipated end date of the master lease agreement. 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 agreement, 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 assets and liabilities under the master lease agreement 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 $6.9 million as of September 30, 2017, net of accumulated amortization of approximately $.5 million as of September 30, 2017. Amortization of assets under capital leases is included in depreciation expense. The Company adopted ASU 2015-03 by deducting $206,247 of debt issuance costs from the long-term portion of the capital lease. Amortization of debt issuance costs of $12,132 for the three months ended September 30, 2017 and $26,606 for the period March 3 to September 30, 2017 have been added to interest expense. At September 30, 2017, annual minimum future lease payments under this capital lease are as follows: Amount For the year ending December 31, 2017 (remainder of the year) $ 159,000 2018 991,537 2019 1,023,860 2020 1,023,860 2021 1,023,860 Total minimum lease payments 4,222,117 Less amount representing interest 1,089,863 Present value of minimum lease payments 3,132,254 Less current portion of minimum lease 480,352 Less debt issuance costs, net 179,641 Long-term present value of minimum lease payment $ 2,472,261 The interest rate on the capitalized lease is approximately 13.4% and is imputed based on the lower of our incremental borrowings rate at the inception of each lease or the lessor’s implicit rate of return.

RELATED PARTIES

RELATED PARTIES	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
NOTE 10 - RELATED PARTIES	Management Services Agreement On April 15, 2013, our company and 1847 Partners LLC (“our manager”), entered into a management services agreement, pursuant to which we are required to pay our manager a quarterly management fee equal to 0.5% (2.0% annualized) of our adjusted net assets for services performed. On September 15, 2013, the parties entered into an amendment to the 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 does not apply to Neese or any businesses that we acquire in the future. As of October 1, 2015, our 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, we determined the outstanding receivables are not likely to be collected and consequently wrote-off the balance of $100,000 to bad debt expense. Offsetting Management Services Agreement - 1847 Neese On March 3, 2017, 1847 Neese entered into an offsetting management services agreement with our manager. Pursuant to the offsetting management services agreement, 1847 Neese appointed our 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 our company to our manager, in each case, with respect to any fiscal year exceeds, or is expected to exceed, 9.5% of our 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 our manager by all of the subsidiaries of our 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 our company to our manager, in each case, with respect to such fiscal year, does not exceed 9.5% of our gross income with respect to such fiscal year; and (iii) if 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 our company to our 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 management services agreement (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 our company to our 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 our 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 our manager or its affiliates on behalf of 1847 Neese in connection with performing services under the offsetting management services agreement. The services provided by our 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. The Company expensed $145,833 in management fee for the period of March 3, 2017 through September 30, 2017. Advances From time to time, our company has received advances from certain of its officers and related parties to meet short-term working capital needs. As of September 30, 2017 and December 31, 2016, a total of $112,646 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. As of September 30, 2017, 1847 Partners, LLC has funded the company $36,325 in related party advances. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements.	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. 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. For the years ended December 31, 2016 and 2015, a total of $108,878, and $98,146 advances from related parties is outstanding, respectively. These advances are unsecured, bear no interest, and do not have formal repayment terms or arrangements.

EQUITY

EQUITY	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
NOTE 11 - EQUITY	Allocation shares As of September 30, 2017 and December 31, 2016, we had authorized and outstanding 1,000 allocation shares. These allocation shares do not entitle the holder thereof to vote on any matter relating to our company other than in connection with amendments to our operating agreement and in connection with certain other corporate transactions as specified in our 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 twenty percent (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 eight percent (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 We have authorized 500,000,000 common shares as of September 30, 2017 and December 31, 2016 and we had 623,125 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 September 30, 2017, we did not issue any equity securities. Noncontrolling Interests Our company owns 55.0% of 1847 Neese. For financial interests in which our company owns a controlling financial interest, our company applies the provisions of ASC 810, which are applicable to reporting the equity and net income or loss attributable to noncontrolling interests. The results of 1847 Neese are included in the consolidated statement of income. The net loss attributable to the 45% non-controlling interest of the subsidiary amount to $548,256 for the period March 3, 2017 through September 30, 2017.	Allocation shares As of December 31, 2016 and 2015, 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 December 31, 2016 and 2015 and the Company had 77,887,500 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. There were no equity transactions during the years ended December 31, 2016 and 2015.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
NOTE 12 - COMMITMENTS AND CONTINGENCIES	Proposed Acquisition of Fitness CF Clubs On July 7, 2017, 1847 Fitness, Inc. (“1847 Fitness”), a newly-formed subsidiary of our company, entered into a membership interest purchase agreement (the “Fitness CF 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 Fitness CF 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 several pre-closing adjustments. If the Companies’ working capital is less than -$40,000, then the cash portion of the purchase price will be reduced by an amount equal to such difference. In addition, the cash portion will be decreased by the amount of any outstanding indebtedness of the Companies existing as of the closing date. Finally, if the Companies complete the acquisition of an additional fitness club located in Clermont, Florida, then the cash portion will be increased by an amount equal to 125% of the capitalized costs associated with the new club. The cash portion of the purchase price is also 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 Fitness CF Purchase Agreement. The Fitness CF 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 Fitness CF Purchase Agreementalso contains mutual indemnification for breaches of representations or warranties and failure to perform covenants or obligations contained in the Fitness CF 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 Fitness CF Purchase Agreement. The closing of the Fitness CF Purchase Agreementis 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. Agreement of Lease - Related Party On March 3, 2017, Neese entered into an agreement of lease with K&A Holdings, LLC, a limited liability company that is wholly-owned by the sellers of Neese. The agreement of 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 agreement of 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 agreement of lease, and other customary representations, warranties and covenants. Future minimum lease payments are approximately as follows: Year Ending December 31, Operating Leases 2017 (remainder of the year) $ 25,000 2018 100,000 2019 100,000 2020 100,000 2021 100,000 thereafter 525,000 Total minimum lease payments $ 950,000 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.	The Company neither owns nor leases any real or personal property. 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 8 - INCOME TAXES	As of December 31, 2016 and 2015, the Company had net operating loss carry forwards of approximately $685,887 and $416,043, respectively, that may be available to reduce future years’ taxable income in varying amounts through 2034. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. The provision for Federal income tax consists of the following: December 31, 2016 December 31, 2015 Federal income tax benefit attributable to: Current Operations $ 106,440 $ 83,356 Less: valuation allowance (106,440 ) (83,356 ) Net provision for Federal income taxes $ - $ - The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows: December 31, 2016 December 31, 2015 Deferred tax asset attributable to: Net operating loss carryover $ 270,583 $ 164,129 Less: valuation allowance (270,583 ) (164,129 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Notes to Financial Statements
NOTE 13 - SUBSEQUENT EVENTS	In accordance with SFAS 165 (ASC 855-10), our company has analyzed its operations subsequent to September 30, 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. 1847 Management On October 3, 2017, our board of directors determined to discontinue our management consulting business operated by 1847 Management in order to devote more time and resources to Neese and future acquisitions. Master Lease Agreement On October 31, 2017, 1847 Neese and Neese (together, the “Lessee”) entered into a second equipment schedule under the master lease agreement with Utica (“Lessor”), pursuant to which, the Lessor loaned the Lessee an aggregate of $980,000 for certain of 1847 Neese’s equipment. The term is 51 months and monthly payments are $25,807. Line of Credit In October 2017, the company had an additional advance of $125,000 under the Home State Bank Loan Agreement (see Note 6). Fitness CF Purchase Agreement On November 7, 2017, 1847 Fitness and the Companies entered into Amendment No. 1 to the Fitness CF Purchase Agreement, pursuant to which the parties amended the Fitness CF Purchase Agreement to provide for an additional pre-closing adjustment to the cash portion of the purchase price. Under this new provision, the cash portion of the purchase price will be increased by an amount equal to the aggregate amounts actually paid by MTDR LLC and CLFL, LLC to third parties on or prior to the closing date for locker room renovations; provided, however that the amount of such increase shall not exceed $100,000 in the aggregate; and provided, further, that the amount of such increase shall be reduced, on a dollar for dollar basis, to the extent that the sellers directly receive the benefit of any of the annual fee billings due from MTDR LLC’s and CLFL, LLC’s members in January 2018. The Fitness CF Purchase Agreement was also amended to provide that the Company shall loan $6,407,407 to 1847 Fitness prior to closing, rather than contribute such amount as a capital contribution to 1847 Fitness. Reverse stock split On January 22, 2018, we completed a 1-for-5 reverse stock split of our outstanding common shares. As a result of this stock split, our issued and outstanding common shares decreased from 3,115,500 to shares 623,125 shares. Accordingly, all share and per share information has been restated to retroactively show the effect of these stock splits.	In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to December 31, 2016 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those specified below. Stock Purchase Agreement 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 does not reflect a cash balance of at least $200,000. In the event of such a deficiency, the sellers are required to pay 1847 Neese an amount in cash equal to the deficiency.

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies Policies
Basis of Presentation	The financial statements of our company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and are presented in US dollars.	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	Our company uses the accrual basis of accounting and GAAP. Our company has adopted a calendar year end.	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a calendar year end.
Stock Splits	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. On January 22, 2018, we completed a 1-for-5 reverse stock split of our outstanding common shares. As a result of this stock split, our issued and outstanding common shares decreased from 3,115,500 to shares 623,125 shares. Accordingly, all share and per share information has been restated to retroactively show the effect of these stock splits (See Note 13).	On July 2, 2014, the Company amended the Operating Agreement of 1847 Holdings LLC to effect a stock split of its outstanding and authorized shares of common shares at a ratio of 75 for 1 (the “Stock Split”). As a result of the Stock Split, the Company’s authorized shares of common stock were increased from 50,000,000 to 500,000,000 shares. On July 2, 2014, the Company’s issued and outstanding shares of common stock were increased from 1,038,050 to 77,853,750 shares, all with a par value of $0.001. Accordingly, all share and per share information has been restated to retroactively show the effect of the Stock Split.
Cash and Cash Equivalents	Our company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents.	The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.	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 Operations 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 and nine months ended September 30, 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. Our company recognizes revenue when services have been provided and collection is reasonably assured.	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).
Long-Lived Assets	Our 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	Our financial instruments consist of cash and cash equivalents and amounts due to shareholders. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.	The 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.	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, our company has not adopted a stock option plan and has not granted any stock options.	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 our 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 our 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 September 30, 2017.	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	Our company has established standards for reporting and displaying comprehensive income, its components and accumulated balances. When applicable, our 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. Our company has not had any significant transactions that are required to be reported in other 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	We have reviewed all other FASB issued ASU accounting pronouncements and interpretations thereof that have effective dates during the period reported and in future periods. We have carefully considered the new pronouncements that alter the previous GAAP and do not believe that any new or modified principles will have a material impact on our reported financial position or operations in the near term.	In February 2016, 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 Financial Accounting Standards Board ("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.

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2017
Inventories Tables
Schedule of Inventory	2017 2016 Machinery & Equipment $ 445,795 $ - Parts 120,144 - $ 565,939 $ -

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2017
Property And Equipment Tables
Schedule of property and equipment	Classification September 30, 2017 December 31, 2016 Buildings and improvements $ 1,338 $ - Equipment and machinery 3,349,688 - Tractors 2,658,720 - Trucks and other vehicles 1,419,545 - Total 7,429,291 - Less: Accumulated depreciation (912,168 ) - Property and equipment, net $ 6,517,123 $ -

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
	Sep. 30, 2017
Acquisition Tables
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	Provisional 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 311,000 Inventories 1,038,000 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 Preliminary gain on bargain purchase $ 274,000
Business acquisition pro forma information	For the Three Months Ended September 30, 2017 2016 Revenues, net $ 1,205,121 $ 1,555,096 Net income (loss) allocable to common shareholders $ (745,458 ) $ 321,429 Net income (loss) per share $ (1.20 ) $ 0.52 Weighted average number of shares outstanding 623,125 623,125 For the Nine Months Ended September 30, 2017 2016 Revenues, net $ 4,838,286 $ 5,007,645 Net income (loss) allocable to common shareholders $ (876,683 ) $ (120,071 ) Net income (loss) per share $ (1.41 ) $ (0.20 ) Weighted average number of shares outstanding 623,125 623,125

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Payable Tables
Notes payable	September 30, 2017 December 31, 2016 2018 Kenworth $ 75,737 $ - 2017 Versatile 450 I 160,329 - 2107 Versatile 450 II 160,329 - 396,395 - Current Portion 72,587 - Total Non-Current $ 323,808 $ -
Schedule of annual minimum future lease payments	Amount For the year ending December 31, 2017 (remainder of the year) $ 17,842 2018 73,407 2019 76,779 2020 80,307 2021 83,996 2022 64,064 Total payments 395,395 Less current portion of principal payments 72,587 Long-term portion of principal payments $ 323,808

CAPITALIZED LEASES (Tables)

CAPITALIZED LEASES (Tables)	9 Months Ended
	Sep. 30, 2017
Capitalized Leases Tables
Schedule of Future Minimum Lease Payments for Capital Leases	Amount For the year ending December 31, 2017 (remainder of the year) $ 159,000 2018 991,537 2019 1,023,860 2020 1,023,860 2021 1,023,860 Total minimum lease payments 4,222,117 Less amount representing interest 1,089,863 Present value of minimum lease payments 3,132,254 Less current portion of minimum lease 480,352 Less debt issuance costs, net 179,641 Long-term present value of minimum lease payment $ 2,472,261

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes Tables
Summary of income tax provision (benefit)	December 31, 2016 December 31, 2015 Federal income tax benefit attributable to: Current Operations $ 106,440 $ 83,356 Less: valuation allowance (106,440 ) (83,356 ) Net provision for Federal income taxes $ - $ -
Deferred tax asset and liabilities	December 31, 2016 December 31, 2015 Deferred tax asset attributable to: Net operating loss carryover $ 270,583 $ 164,129 Less: valuation allowance (270,583 ) (164,129 ) Net deferred tax asset $ - $ -

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments And Contingencies Tables
Schedule of Future Minimum Rental Payments for Operating Leases	Year Ending December 31, Operating Leases 2017 (remainder of the year) $ 25,000 2018 100,000 2019 100,000 2020 100,000 2021 100,000 thereafter 525,000 Total minimum lease payments $ 950,000

ORGANIZATION AND NATURE OF BU31

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative)	1 Months Ended	9 Months Ended
	Sep. 15, 2013	Sep. 30, 2017	Sep. 30, 2013
State of incorporation		Delaware
Date of Incorporation		Jan. 22, 2013
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%
Firm One [Member]
Acquired interest percentage			50.00%
Firm Two [Member]
Acquired interest percentage			50.00%

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - $ / shares	Jun. 09, 2017	Jul. 02, 2014	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock Split	1 for 25	75 for 1
Increase/Decrease in issued and outstanding common shares	3,115,500	77,853,750
Increase in authorized common shares		50,000,000
Common shares, authorized		50,000,000	500,000,000	500,000,000	500,000,000
Common shares, issued		1,038,050	623,125	77,887,500	77,887,500
Common shares, outstanding		1,038,050	623,125	77,887,500	77,887,500
Common shares, par value		$ 0.001
Maximum [Member]
Estimated useful lives			10 years
Minimum [Member]
Estimated useful lives			1 year
Leasehold Improvements [Member] | Maximum [Member]
Estimated useful lives			5 years
Leasehold Improvements [Member] | Minimum [Member]
Estimated useful lives			3 years
Furniture, Vehicles and Equipment [Member] | Maximum [Member]
Estimated useful lives			10 years
Furniture, Vehicles and Equipment [Member] | Minimum [Member]
Estimated useful lives			3 years

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative) - shares	1 Months Ended
	Sep. 15, 2013	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Jul. 02, 2014
Common shares, issued		623,125	77,887,500	77,887,500	1,038,050
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

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Total	$ 565,939
Equipment and machinery [Member]
Total	445,795
Parts [Member]
Total	$ 120,144

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Total	$ 7,429,291
Less: Accumulated depreciation	(912,168)
Property and equipment, net	6,527,123
Buildings And Improvements [Member]
Total	1,338
Equipment and machinery [Member]
Total	3,349,688
Tractors [Member]
Total	2,658,720
Trucks And Other Vehicles [Member]
Total	$ 1,419,545

PROPERTY AND EQUIPMENT (Detai36

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Property And Equipment Details Narrative
Depreciation expense	$ 934,484

ACQUISITION (Details)

ACQUISITION (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Provisional 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	311,000
Inventories	1,038,000
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 *		[1]
Total Identifiable Intangible Assets
Total net assets acquired	6,414,000
Consideration paid	6,140,000
Preliminary gain on bargain purchase	$ 274,000
[1]	The Company is reviewing for potential intangible assets which may potentially change the intangible assets.

ACQUISITION (Details 1)

ACQUISITION (Details 1) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Net income (loss) per share	$ (0.76)	$ (0.07)	$ (0.85)	$ (0.21)	$ 0	$ 0
Weighted average number of shares outstanding	623,125	623,125	623,125	623,125	77,887,500	77,887,500
Business Acquisitions [Member]
Revenues, net	$ 1,205,121	$ 1,555,096	$ 4,838,286	$ 5,007,645
Net income (loss) allocable to common shareholders	$ (745,458)	$ 321,429	$ (876,683)	$ (120,071)
Net income (loss) per share	$ (1.20)	$ 0.52	$ (1.41)	$ (0.20)
Weighted average number of shares outstanding	623,125	623,125	623,125	623,125

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Business acquisition short term promissory note	$ 130,000
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	$ 8,575,000

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - Home State Bank [Member] - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 26, 2017
Line of credit principal amount		$ 1,000,000
Line of credit facility bears interest	4.85%
Line of credit principal outstanding	$ 350,000
Note due date	Sep. 1, 2018

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Total notes payable	$ 396,395
Current Portion	72,587
Total Non-Current	323,808
2018 Kenworth [Member]
Total notes payable	75,737
2017 Versatile 450 I [Member]
Total notes payable	160,329
2107 Versatile 450 II [Member]
Total notes payable	$ 160,329

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
For the year ending December 31,
Total payments	$ 396,395
Less current portion of principal payments	72,587
Long-term portion of principal payments	323,808
Promissory Notes [Member]
For the year ending December 31,
2017 (remainder of the year)	17,842
2,018	73,407
2,019	76,779
2,020	80,307
2,021	83,996
2,022	64,064
Total payments	396,395
Less current portion of principal payments	72,587
Long-term portion of principal payments	$ 323,808

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended
	Sep. 18, 2017	Jul. 21, 2017
Home State Bank [Member]
Secured promissory note	$ 160,329	$ 76,806
Secured promissory note interest rate	4.50%	4.50%
Secured promissory note amortized period	5 years	5 years
Principal and interest debt repayment monthly	$ 2,990	$ 1,434
Monthly installment due date	Sep. 20, 2022	Aug. 1, 2022
Home State Bank One [Member]
Secured promissory note	$ 160,329
Secured promissory note interest rate	4.50%
Secured promissory note amortized period	5 years
Principal and interest debt repayment monthly	$ 2,990
Monthly installment due date	Sep. 20, 2022

PROMISSORY NOTES (Details Narra

PROMISSORY NOTES (Details Narrative) - USD ($)	Mar. 03, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2020	Sep. 30, 2017	Dec. 31, 2016
Interest rate							8.00%
Business acquisition short term promissory note						$ 130,000
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 promissory note contains the same events of default as the vesting promissory 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

CAPITALIZED LEASES (Details)

CAPITALIZED LEASES (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
For the year ending December 31,
2017 (remainder of the year)	$ 159,000
2,018	991,537
2,019	1,023,860
2,020	1,023,860
2,021	1,023,860
Total minimum lease payments	4,222,117
Less amount representing interest	1,089,863
Present value of minimum lease payments	3,132,254
Less current portion of minimum lease	480,352
Less debt issuance costs, net	179,641
Long-term present value of minimum lease payment	$ 2,472,261

CAPITALIZED LEASES (Details Nar

CAPITALIZED LEASES (Details Narrative) - USD ($)	Jun. 14, 2017	Mar. 03, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated amortization			$ 500,000		$ 500,000
Capital lease assets			6,900,000		$ 6,900,000
Interest rate,capitalized lease					13.40%
Amortization of financing costs			$ 12,132		$ 26,606
Master Lease Agreement [Member]
Lease agreement date					Mar. 3, 2017
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
Lessee,s payable description under lease agreement					the Lessee is required to pay, together with all other amounts then due and payable under the master lease agreement, in cash, an end of term buyout price equal to the lesser of: (a) $162,000 (five percent (5%) of the Total Invoice Cost (as defined in the master lease agreement)); or (b) the fair market value of the Equipment, as determined by the Lessor.
Debt issuance costs					$ 206,247
Amortization of financing costs					$ 26,606
Capital lease term		51 months
Lease rent monthly		$ 53,000
Number of months		3 months
Increased monthly rent		$ 85,322
Number of months for increased rent		48 months
Master Lease Agreement [Member] | Utica Leaseco, LLC [Member] | Equipment [Member]
Proceeds from capital lease		$ 3,240,000
Master Lease Agreement [Member] | First amendment lease documentst [Member]
Administration fee	$ 2,500
Capital lease term	57 months
Lease rent monthly	$ 53,000
Number of months	10 months
Increased monthly rent	$ 85,322
Number of months for increased rent	47 months

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Jul. 02, 2014
Allocation shares, issued	1,000	1,000	1,000
Allocation shares, outstanding	1,000	1,000	1,000
Common shares,authorized	500,000,000	500,000,000	500,000,000	50,000,000
Common shares, issued	623,125	77,887,500	77,887,500	1,038,050
Common shares, outstanding	623,125	77,887,500	77,887,500	1,038,050
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%
Net loss attributable subsidiary	$ 548,256
Chief Executive Officer [Member]
Allocation shares, issued	1,000	1,000
Allocation shares, outstanding	1,000	1,000

COMMITMENTS AND CONTINGENCIES48

COMMITMENTS AND CONTINGENCIES (Details)	Sep. 30, 2017USD ($)
Commitments And Contingencies Details
2,017	$ 25,000
2,018	100,000
2,019	100,000
2,020	100,000
2,021	100,000
thereafter	525,000
Total minimum lease payments	$ 950,000

COMMITMENTS AND CONTINGENCIES49

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jul. 07, 2017	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Jul. 02, 2014
Common stock, shares issued		623,125	77,887,500	77,887,500	1,038,050
Common stock, par value					$ 0.001
Proposed Acquisition of Fitness CF Clubs [Member]
Lease agreement date	Jul. 7, 2017
Aggregate purchase issued and outstanding equity interests	$ 14,000,000
Common stock, shares issued	135
Common stock, par value	$ 0.001
Principal amount	$ 1,000,000
Purchase price	$ 238,000
Purchase price description	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.
Capital stock percentage	13.50%
Description of pre closing adjustment	If the Companies’ working capital is less than -$40,000, then the cash portion of the purchase price will be reduced by an amount equal to such difference. In addition, the cash portion will be decreased by the amount of any outstanding indebtedness of the Companies existing as of the closing date. Finally, if the Companies complete the acquisition of an additional fitness club located in Clermont, Florida, then the cash portion will be increased by an amount equal to 125% of the capitalized costs associated with the new club.
K&A Holdings, LLC [Member]
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

RELATED PARTIES (Details Narrat

RELATED PARTIES (Details Narrative) - USD ($)	Mar. 03, 2017	Apr. 15, 2013	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 15, 2013
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			$ 145,833
Bad debt expense			$ 100,000
Advances, related party			$ 108,878	$ 98,146	112,646
Partner LLC [Member]
Advances, related party					$ 36,325
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	$ 62,500					$ 43,750
Description of gross income	expected to exceed, 9.5% of our gross income with respect to such fiscal year

INCOME TAXES (Details )

INCOME TAXES (Details ) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Federal income tax benefit attributable to:
Current Operations					$ 106,440	$ 83,356
Less: valuation allowance					(106,440)	(83,356)
Net provision for Federal income taxes	$ (407,465)		$ (666,788)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$ 270,583	$ 164,129
Less: valuation allowance	(270,583)	(164,129)
Net deferred tax asset

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details Narrative
Net operating loss carry forwards	$ 685,887	$ 416,043
Net operating loss carry forwards, expiration date	2,034
Federal statutory rate	34.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Nov. 07, 2017	Jun. 09, 2017	Mar. 03, 2017	Jul. 02, 2014	Oct. 31, 2017	Nov. 30, 2017
Stock Split		1 for 25		75 for 1
Increase/Decrease in issued and outstanding common shares		3,115,500		77,853,750
Master Lease Agreement [Member] | Utica Leaseco, LLC [Member] | Equipment [Member]
loaned amount					$ 980,000
Loan term					51 months
Monthly payments					$ 25,807
Subsequent Event [Member]
Aggregate purchase price			$ 2,225,000
Capital stock, shares purchased			450
Capital stock purchased, percentage			45.00%
Business acquisition, minimum cash balance maintainance restriction			$ 200,000
Purchase price cash portion description			The cash portion of the purchase price will be adjusted upward if Neeses final certified balance sheet, as of a date on or about the closing date does not reflect a cash balance of at least $200,000
Subsequent Event [Member] | Vesting promissory note [Member]
Additional paid in capital principal amount			$ 1,875,000
Subsequent Event [Member] | Short term promissory note [Member]
Additional paid in capital principal amount			$ 1,025,000
Subsequent Event [Member] | Fitness CF Purchase Agreement [Member]
Line of credit facility, description	the amount of such increase shall not exceed $100,000 in the aggregate
Capital contribution	$ 6,407,407
Subsequent Event [Member] | Home State Bank Loan Agreement [Member]
Additional advance					$ 125,000	$ 100,000