secwatch.observer — SEC 8-K summary
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Issuer:     1847 Holdings LLC (LBRA)
CIK:        0001599407
Form:       8-K/A
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001213900-24-012078
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1847 Holdings restates ICU Eyewear FY2022/2021 financials; net loss reduced $3.6M
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- 2022 net loss restated from ($4.62M) to ($1.00M), driven by $3.62M impairment correction.
- 2021 total assets reduced by $2.98M due to restatement; accumulated deficit increased to ($31.43M).
- ICU Eyewear FY2022 revenue $20.45M (2021: $22.03M including PPE); gross profit $6.39M.
- Restatement corrects revenue recognition errors (customer allowances, chargebacks) under ASC 606.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024012078/0001213900-24-012078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599407/000121390024012078/ea193214-8ka2_1847hold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-012078

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