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ForceField Energy Inc. – ‘10-Q’ for 6/30/15 – ‘R9’

On:  Wednesday, 8/19/15, at 4:31pm ET   ·   For:  6/30/15   ·   Accession #:  1354488-15-3997   ·   File #:  1-36133

Previous ‘10-Q’:  ‘10-Q’ on 6/18/15 for 3/31/15   ·   Next & Latest:  ‘10-Q’ on 11/19/15 for 9/30/15

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/19/15  ForceField Energy Inc.            10-Q        6/30/15   54:3.9M                                   Issuer Direct/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    660K 
 2: EX-10.1     Amendment to Stock Purchase Agreement               HTML     55K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     22K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
34: R1          Document and Entity Information                     HTML     42K 
25: R2          Consolidated Balance Sheets (Unaudited)             HTML    134K 
32: R3          Consolidated Balance Sheets (Parenthetical)         HTML     41K 
                (Unaudited)                                                      
36: R4          Consolidated Statements of Operations and           HTML    138K 
                Comprehensive Loss (Unaudited)                                   
48: R5          Consolidated Statements of Cash Flows (Unaudited)   HTML    185K 
26: R6          1. Nature of Operations                             HTML     22K 
31: R7          2. Summary of Significant Accounting Policies       HTML     59K 
22: R8          3. Accounts Receivable, Net                         HTML     29K 
17: R9          4. Property and Equipment                           HTML     29K 
49: R10         5. Business Divestitures                            HTML     43K 
38: R11         6. Discontinued Operations                          HTML     63K 
37: R12         7. Goodwill and Intangible Assets, Net              HTML     53K 
42: R13         8. Debt                                             HTML     46K 
43: R14         9. Stockholders' Equity                             HTML     41K 
41: R15         10. Commitments and Contingencies                   HTML     35K 
44: R16         11. Subsequent Events                               HTML     23K 
33: R17         2. Summary of Significant Accounting Policies       HTML     87K 
                (Policies)                                                       
35: R18         2. Summary of Significant Accounting Policies       HTML     27K 
                (Tables)                                                         
40: R19         3. Accounts Receivable, Net (Tables)                HTML     24K 
54: R20         4. Property and Equipment (Tables)                  HTML     27K 
46: R21         5. Business Divestitures (Tables)                   HTML     34K 
28: R22         6. Discontinued Operations (Tables)                 HTML     51K 
39: R23         7. Goodwill and Intangible Assets, Net (Tables)     HTML     48K 
30: R24         8. Debt (Tables)                                    HTML     30K 
15: R25         9. Stockholders' Equity (Tables)                    HTML     24K 
47: R26         2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -     HTML     22K 
                Fair value (Details)                                             
50: R27         2. Summary of Significant Accounting Policies       HTML     22K 
                (Details Narrative)                                              
19: R28         3. Accounts Receivable, Net (Details)               HTML     31K 
18: R29         4. Property, Plant and Equipment (Details)          HTML     31K 
20: R30         4. Property, Plant and Equipment (Details           HTML     19K 
                Narrative)                                                       
21: R31         5. Business Divestitures (Details)                  HTML     54K 
23: R32         6. Discontinued Operations (Details)                HTML     48K 
14: R33         6. Discontinued Operations (Details1)               HTML     74K 
45: R34         7. Goodwill and Intangible Assets, Net (Details)    HTML     22K 
27: R35         7. Goodwill and Intangible Assets, Net (Details 1)  HTML     45K 
29: R36         7. Goodwill and Intangible Assets, Net (Details     HTML     20K 
                Narrative)                                                       
16: R37         8. Debt (Details)                                   HTML     32K 
53: R38         8. Debt (Details 1)                                 HTML     26K 
12: R39         9. Stockholders' Equity (Details)                   HTML     46K 
52: R9999       Uncategorized Items - ssie-20150630.xml             HTML     20K 
51: XML         IDEA XML File -- Filing Summary                      XML     89K 
13: EXCEL       IDEA Workbook of Financial Reports                  XLSX     65K 
 6: EX-101.INS  XBRL Instance -- ssie-20150630                       XML    828K 
 8: EX-101.CAL  XBRL Calculations -- ssie-20150630_cal               XML    125K 
 9: EX-101.DEF  XBRL Definitions -- ssie-20150630_def                XML    361K 
10: EX-101.LAB  XBRL Labels -- ssie-20150630_lab                     XML    812K 
11: EX-101.PRE  XBRL Presentations -- ssie-20150630_pre              XML    498K 
 7: EX-101.SCH  XBRL Schema -- ssie-20150630                         XSD    158K 
24: ZIP         XBRL Zipped Folder -- 0001354488-15-003997-xbrl      Zip    104K

‘R9’   —   4. Property and Equipment

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.2.0.727
4. PROPERTY AND EQUIPMENT
 6 Months Ended
Property And Equipment  
Property and equipment

The following table sets forth the components of the Company’s property and equipment at June 30, 2015 and December 31, 2014:

 

    June 30, 2015     December 31, 2014  
    Cost     Accumulated Depreciation     Net Book Value     Cost     Accumulated Depreciation     Net Book Value  
                                     
Computers and equipment   $ 20,802     $ (11,778 )   $ 9,024     $ 18,402     $ (7,285 )   $ 11,117  
Furniture and fixtures     11,763       (2,277 )     9,486       22,295       (3,209 )     19,086  
Leasehold improvements     457       (457 )     —       457       (457 )     —  
Total   $ 33,022     $ (14,512 )   $ 18,510     $ 41,154     $ (10,951 )   $ 30,203  

 

Property and equipment are stated at cost or at fair value if acquired as part of a business combination. Depreciation is computed by the straight-line method and is charged to operations over the estimated useful lives of the assets. The Company recorded depreciation expense of $2,373 and $6,080 during the three and six-month periods ended June 30, 2015 and $3,379 and $5,900, respectively, during the three and six-month periods ended June 30, 2014.

Differences may arise in the amount of depreciation expense reported in the Company's operating results as compared to the corresponding change in accumulated depreciation due to foreign currency translation. These translation adjustments are reflected in accumulated other comprehensive income, a separate component of the Company's stockholders' equity.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/19/15
For Period end:6/30/15NT 10-Q
12/31/1410-K,  10-K/A,  NT 10-K
6/30/1410-Q,  NT 10-Q
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Filing Submission 0001354488-15-003997   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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