|
Year to Dec 2021
12 months to Dec 31, 2021
|
Year to Dec 2020
12 months to Dec 31, 2020
|
|
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | ||
| Successor | ||
| Total net income (loss) | ||
| (used in) provided by operating activities: | ||
| Depreciation and amortization | ||
| Successor | ||
| Total depreciation and amortization | ||
| Amortization of finance costs | ||
| Adjustment in contingent liability | ||
| Amortization of debt discount | ||
| Stock-based compensation | ||
| Successor | ||
| Total stock-based compensation | ||
| Inventory reserve | ||
| Bad debt expense | ||
| Successor | ||
| Total bad debt expense | ||
| Deferred tax assets | ||
| Loss on extinguishment of debt | ||
| Loss on abandonment of right-of-use asset | ||
| Write-off of acquisition receivable | ||
| Successor | ||
| Total write-off of acquisition receivable | ||
| Adjustment in value of contingency | ||
| Change in fair value of warrant liability | ||
| Successor | ||
| Total change in fair value of warrant liability | ||
| Deferred tax (liability) asset | ||
| Non-cash lease expense | ||
| Changes in operating assets and liabilities: | ||
| Receivables | ||
| Successor | ||
| Total receivables | ||
| Vendor deposits | ||
| Merchandise inventory | ||
| Prepaid expenses and other assets | ||
| Accounts payable and accrued expenses | ||
| Customer deposits | ||
| Operating lease liabilities | ||
| Net cash (used in) provided by operating activities | ||
| Successor | ||
| Total net cash (used in) provided by operating activities | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | ||
| Successor | ||
| Total purchases of property and equipment | ||
| Cash paid to sellers in acquisition of Appliances Connection, net of cash acquired | ||
| Cash paid to sellers in acquisition of Appliance Gallery | ||
| Net cash used in investing activities | ||
| Successor | ||
| Total net cash used in investing activities | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from initial public offering, net | ||
| Proceeds from note payable | ||
| Payments on notes payable | ||
| Net proceeds from public equity offering | ||
| Proceeds from exercise of warrants | ||
| Proceeds from notes payable | ||
| Repayments of notes payable | ||
| Repayments of convertible notes payable | ||
| Successor | ||
| Total repayments of convertible notes payable | ||
| Net borrowings (payments) on lines of credit | ||
| Repayments of finance lease liabilities | ||
| Net repayments of line of credit | ||
| Cash paid for financing costs | ||
| Successor | ||
| Total cash paid for financing costs | ||
| Net cash provided by financing activities | ||
| Successor | ||
| Total net cash provided by financing activities | ||
| NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||
| Successor | ||
| Total nET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | ||
| Successor | ||
| Total cASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | ||
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | ||
| Successor | ||
| Total cASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | ||
| End of the year | ||
| Cash and cash equivalents | ||
| Successor | ||
| Total cash and cash equivalents | ||
| Restricted cash | ||
| Successor | ||
| Total restricted cash | ||
| Cash and cash equivalents and restricted cash total | ||
| Successor | ||
| Total cash and cash equivalents and restricted cash total | ||
| Beginning of the year | ||
| Cash and cash equivalents | ||
| Successor | ||
| Total cash and cash equivalents | ||
| Restricted cash | ||
| Successor | ||
| Total restricted cash | ||
| Cash and cash equivalents and restricted cash total | ||
| Successor | ||
| Total cash and cash equivalents and restricted cash total | ||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid for interest | ||
| Successor | ||
| Total cash paid for interest | ||
| Cash paid for income taxes | ||
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Operating lease right-of-use assets and liabilities assumed | ||
| Debt discount on notes payable from OID | ||
| Debt discount on notes payable from warrants | ||
| Successor | ||
| Total debt discount on notes payable from warrants | ||
| Conversion of debt through issuance of 1847 Holdings common shares | ||
| Stock issued in the acquisition of Appliances Connection | ||
| Due to seller (consideration) settled by vendor deposits | ||
| Net assets acquired in the acquisition of Appliances Connection | ||
| Net assets acquired in the acquisition of Appliance Gallery | ||
| Warrants in 1847 Holdings contributed on notes payable | ||
| Conversion of debt through the issuance of 1847 Holdings common shares | ||
| Derecognition of related party debt | ||
| Adjustment to fair value of goodwill based on final purchase price allocation | ||
| Successor | ||
| Total adjustment to fair value of goodwill based on final purchase price allocation | ||
| Conversion of warrant liability into common stock | ||
| Successor | ||
| Total conversion of warrant liability into common stock | ||
| Issuance of note payable to repay seller note | ||
| Successor | ||
| Total issuance of note payable to repay seller note |
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