v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations [Abstract]  
Schedule of Consolidated Statements of Operations

The following table presents the major classes of line items constituting the results of discontinued operations of Asien’s in the consolidated statements of operations for the year ended December 31, 2024:

 

   Year Ended
December 31,
2024		 
Revenues  $870,952 
      
Operating Expenses     
Cost of revenues   744,706 
Personnel   98,213 
Depreciation and amortization   7,702 
General and administrative   203,377 
Professional fees   78,807 
Total Operating Expenses   1,132,805 
      
Loss from operations   (261,853)
      
Interest expense   (724)
      
Net loss from discontinued operations before income taxes   (262,577)
Income tax provision   
–
 
Net loss from discontinued operations  $(262,577)
      
Net loss attributable to noncontrolling interests from discontinued operations   13,129 
Net loss from discontinued operations attributable to 1847 Holdings  $(249,448)

The following table presents the major classes of line items constituting the results of discontinued operations of ICU Eyewear in the consolidated statements of operations for the year ended December 31, 2024:

 

   Year Ended
December 31,
2024		 
Revenues  $8,212,395 
      
Operating Expenses     
Cost of revenues   5,658,551 
Personnel   1,564,842 
Depreciation and amortization   248,646 
General and administrative   1,526,278 
Professional fees   672,855 
Impairment of goodwill and intangible assets   1,216,966 
Total Operating Expenses   10,888,138 
      
Loss from operations   (2,675,743)
      
Other Income (Expense)     
Other income   2,583 
Interest expense   (911,437)
Amortization of debt discounts   (683,029)
Total Other Expense   (1,591,883)
      
Net loss from discontinued operations before income taxes   (4,267,626)
Income tax benefit   11,250 
Net loss from discontinued operations  $(4,256,376)

The following table presents the major classes of line items constituting the results of discontinued operations of High Mountain in the consolidated statements of operations for the year ended December 31, 2024:

 

   Year Ended
December 31,
2024		 
Revenues  $23,438,316 
      
Operating Expenses     
Cost of revenues   14,332,303 
Personnel   4,957,525 
Depreciation and amortization   445,328 
General and administrative   3,148,502 
Professional fees   108,439 
Total Operating Expenses   22,992,097 
      
Income from operations   446,219 
      
Other Income (Expense)     
Other income   1,505,275 
Interest expense   (227,439)
Amortization of debt discounts   (64,306)
Loss on disposal of property and equipment   (13,815)
Total Other Income   1,199,715 
      
Net income from discontinued operations before income taxes   1,645,934 
Income tax provision   (417,000)
Net income from discontinued operations  $1,228,934 
      
Net income attributable to noncontrolling interests from discontinued operations   (92,170)
Net income from discontinued operations attributable to 1847 Holdings  $1,136,764 
Schedule of Cash Flow Information

The following table presents the major classes of cash flow activities from discontinued operations of Asien’s in the consolidated statements of cash flows for the year ended December 31, 2024: 

 

   Year Ended
December 31,
2024		 
Cash flows from operating activities:    
Net loss  $(262,577)
Adjustments to reconcile net loss to net cash used in operating activities:     
Depreciation and amortization   7,702 
Changes in operating assets and liabilities:     
Receivables   73,769 
Inventory   213,399 
Prepaid expenses and other current assets   108,686 
Accounts payable and accrued expenses   320,362 
Customer deposits   (474,803)
Net cash used in operating activities from discontinued operations   (13,462)
      
Cash flows from financing activities:     
Repayments of notes payable   (4,836)
Net cash used in financing activities from discontinued operations   (4,836)
Net change in cash and cash equivalents from discontinued operations  $(18,298)

The following table presents the major classes of cash flow activities from discontinued operations of ICU Eyewear in the consolidated statements of cash flows for the year ended December 31, 2024: 

 

   Year Ended
December 31,
2024		 
Cash flows from operating activities:    
Net loss  $(4,256,376)
Adjustments to reconcile net loss to net cash provided by operating activities:     
Impairment of goodwill and intangible assets   1,216,966 
Deferred taxes   (15,000)
Depreciation and amortization   248,646 
Amortization of debt discounts   683,029 
Amortization of right-of-use assets   192,796 
Changes in operating assets and liabilities:     
Accounts receivable   481,202 
Inventory   1,247,730 
Prepaid expenses and other current assets   (14,895)
Accounts payable and accrued expenses   857,085 
Operating lease liabilities   (176,336)
Net cash provided by operating activities from discontinued operations   464,847 
      
Cash flows from financing activities:     
Net repayments of revolving line of credit   (80,540)
Net cash used in financing activities from discontinued operations   (80,540)
      
Net change in cash and cash equivalents from discontinued operations  $384,307 

The following table presents the major classes of cash flow activities from discontinued operations High Mountain in the consolidated statements of cash flows for the year ended December 31, 2024: 

 

   Year Ended
December 31,
2024		 
Cash flows from operating activities:    
Net income  $1,228,934 
Adjustments to reconcile net income to net cash provided by operating activities:     
Loss on disposal of property and equipment   13,815 
Deferred taxes   (334,000)
Depreciation and amortization   445,328 
Amortization of debt discounts   64,306 
Amortization of right-of-use assets   246,765 
Changes in operating assets and liabilities:     
Accounts receivable   289,761 
Inventory   164,662 
Prepaid expenses and other current assets   103,645 
Accounts payable and accrued expenses   (259,014)
Contract liabilities   (150,298)
Operating lease liabilities   (243,685)
Net cash provided by operating activities from discontinued operations   1,570,219 
      
Cash flows from financing activities:     
Repayments of notes payable and finance lease liabilities   (355,951)
Repayments of convertible notes payable   (1,260,173)
Net cash used in financing activities from discontinued operations   (1,616,124)
      
Net change in cash and cash equivalents from discontinued operations  $(45,905)