secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001213900-24-012075
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings to restate ICU Eyewear financials; impairment overstated by $3.6M
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- Audit committee determined prior financials for ICU Eyewear (2022, 2021) should no longer be relied upon.
- Impairment of a trademark intangible asset found to be overstated based on a third-party valuation.
- Restatement will increase total assets by $642K and reduce net loss by $3.618M for year ended Dec 31, 2022.
- Company will file an amendment to the Form 8-K/A originally filed April 27, 2023.
- Discussed the matter with ICU's former auditor Frank, Rimerman + Co.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024012075/0001213900-24-012075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024012075/ea193213-8k_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-012075

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