v3.26.1
Consolidated Statements of Shareholders’ Deficit - USD ($)
Senior Convertible Preferred Shares
Series A
Senior Convertible Preferred Shares
Series B
Senior Convertible Preferred Shares
Series C
Senior Convertible Preferred Shares
Series D
Senior Convertible Preferred Shares
Series F
Allocation Shares
Common Shares Shares
Non- Controlling Interests
Distribution Receivable
Accumulated Deficit
Non- Controlling Interests
Total
Balance at Dec. 31, 2023 $ 190,377 $ 240,499 $ 1,000 $ 142 $ (2,000,000) $ 57,676,965 $ (74,835,392) $ (1,314,280) $ (20,040,689)
Balance (in Shares) at Dec. 31, 2023 226,667 91,567         142,278          
Issuance of series A preferred shares upon settlement of accrued series A preferred shares dividends $ 1,700 1,700
Issuance of series A preferred shares upon settlement of accrued series A preferred shares dividends (in Shares) 5,137                      
Issuance of series C preferred shares upon settlement of notes payable $ 403,470 403,470
Issuance of series C preferred shares upon settlement of notes payable (in Shares)     83,603                  
Issuance of series D preferred shares in connection with a private debt offering $ 600,100 600,100
Issuance of series D preferred shares in connection with a private debt offering (in Shares)       6,293,022                
Issuance of common shares upon settlement of accrued series A preferred shares dividends $ 1 130,967 130,968
Issuance of common shares upon settlement of accrued series A preferred shares dividends (in Shares)             625          
Issuance of common shares upon settlement of accrued series B preferred shares dividends 13,299 13,299
Issuance of common shares upon settlement of accrued series B preferred shares dividends (in Shares)             51          
Issuance of warrants in connection with a private debt offering 7,573 7,573
Issuance of common shares and warrants in connection with a public offering $ 597 14,210,389 14,210,986
Issuance of common shares and warrants in connection with a public offering (in Shares)             596,665          
Issuance of common shares and warrants in connection with a private debt offering $ 3,437 10,242,403 10,245,840
Issuance of common shares and warrants in connection with a private debt offering (in Shares)             3,437,210          
Fair value of warrant liabilities recognized upon issuance of warrants (24,456,826) (24,456,826)
Extinguishment of warrant liabilities upon exercise of warrants 16,526,400 16,526,400
Issuance of common shares upon cashless exercise of warrants $ 16,495 (16,495)
Issuance of common shares upon cashless exercise of warrants (in Shares)             16,495,374          
Issuance of common shares upon conversion of convertible notes payable $ 4,713 4,136,714 4,141,427
Issuance of common shares upon conversion of convertible notes payable (in Shares)             4,712,822          
Issuance of common shares upon partial extinguishment of notes payable $ 11 538,709 538,720
Issuance of common shares upon partial extinguishment of notes payable (in Shares)             11,401          
Issuance of common shares upon conversion of series A preferred shares $ (152,200) $ 2 152,198
Issuance of common shares upon conversion of series A preferred shares (in Shares) (181,212)           2,437          
Issuance of common shares upon conversion of series B preferred shares $ (240,499) $ 2 240,497
Issuance of common shares upon conversion of series B preferred shares (in Shares)   (91,567)         1,523          
Settlement of 1847 Manager accrued expenses and transaction fees 2,000,000 2,000,000
Dividends – series A convertible preferred shares (144,435) (144,435)
Dividends – series B convertible preferred shares (2,509) (2,509)
Dividends – series C convertible preferred shares (18,003) (18,003)
Dividends – series D convertible preferred shares (96,649) (96,649)
Deemed dividend from down round provision in warrants 1,000 (1,000)
Net income (loss) (99,998,166) (529,243) (100,527,409)
Balance at Dec. 31, 2024 $ 39,877 $ 403,470 $ 600,100 1,000 $ 25,400 79,403,793 (175,096,154) (1,843,523) (96,466,037)
Balance (in Shares) at Dec. 31, 2024 50,592   83,603 6,293,022     25,400,386          
Extinguishment of warrant liabilities upon exercise of warrants 254,700 254,700
Issuance of common shares upon cashless exercise of warrants $ 26,877 (26,877)
Issuance of common shares upon cashless exercise of warrants (in Shares)             26,877,162          
Issuance of common shares upon conversion of convertible notes payable $ 8,222 316,368 324,590
Issuance of common shares upon conversion of convertible notes payable (in Shares)             8,221,126          
Issuance of common shares for services $ 1,420 98,974 100,394
Issuance of common shares for services (in Shares)             1,420,000          
Issuance of series F preferred shares upon settlement of series A warrants $ 1,138,332 1,138,332
Issuance of series F preferred shares upon settlement of series A warrants (in Shares)         1,027              
Cancellation of common shares
Cancellation of common shares (in Shares)             (15)          
Dividends – series A convertible preferred shares (35,505) (35,505)
Dividends – series C convertible preferred shares (50,162) (50,162)
Dividends – series D convertible preferred shares (213,334) (213,334)
Net income (loss) 65,795,303 (236,118) 65,559,185
Balance at Dec. 31, 2025 $ 39,877 $ 403,470 $ 600,100 $ 1,138,332 $ 1,000 $ 61,919 $ 80,046,958 $ (109,599,852) $ (2,079,641) $ (29,387,837)
Balance (in Shares) at Dec. 31, 2025 50,592   83,603 6,293,022 1,027   61,918,659