v3.2.0.727
6. Discontinued Operations (Tables)
|
6 Months Ended |
|
|---|
| Discontinued Operations Tables |
|
| Schedule of Discontinued operations |
| |
|
Successor |
|
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2015 |
|
|
2015 |
|
| |
|
|
|
|
|
|
| Sales |
|
$ |
373,605 |
|
|
$ |
1,875,670 |
|
| Cost of goods sold |
|
|
1,023,418 |
|
|
|
2,276,007 |
|
| Gross margin |
|
|
(649,813 |
) |
|
|
(400,337 |
) |
| Operating expenses: |
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
126,438 |
|
|
|
374,543 |
|
| Selling and marketing |
|
|
6,688 |
|
|
|
13,444 |
|
| General and administrative |
|
|
530,837 |
|
|
|
1,055,554 |
|
| Professional fees |
|
|
44,293 |
|
|
|
57,911 |
|
| Impairment of goodwill and other intangible assets |
|
|
- |
|
|
|
9,156,190 |
|
| Total operating expenses |
|
|
708,256 |
|
|
|
10,657,642 |
|
| Loss from operations before other income (expense) and income taxes |
|
|
(1,358,069 |
) |
|
|
(11,057,979 |
) |
| Other income (expense) |
|
|
|
|
|
|
|
|
| Interest income (expense), net |
|
|
(229 |
) |
|
|
(859 |
) |
| Other gains (losses) |
|
|
- |
|
|
|
2,685,000 |
|
| Total other income (expense) |
|
|
(229 |
) |
|
|
2,684,141 |
|
| Loss from continuing operations before income taxes |
|
|
(1,358,298 |
) |
|
|
(8,373,838 |
) |
| Provision for income taxes (benefit) |
|
|
- |
|
|
|
(409,200 |
) |
| Net loss |
|
$ |
(1,358,298 |
) |
|
$ |
(7,964,638 |
) |
|
| Schedule of liabilities and assets of ESCO |
| |
|
Successor |
|
| |
|
December 31, |
|
| |
|
2014 |
|
| Carrying amounts of major classes of assets included as part of discontinued operations |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
|
$ |
172,925 |
|
| Accounts receivable, net |
|
|
2,593,743 |
|
| Costs and earnings in excess of billings |
|
|
525,432 |
|
| Inventory, net |
|
|
48,552 |
|
| Prepaid expenses and other current assets |
|
|
37,790 |
|
| Total current assets included in the disposal group classified as held for sale |
|
|
3,378,442 |
|
| Property and equipment, net |
|
|
137,628 |
|
| Goodwill |
|
|
8,658,492 |
|
| Intangible assets, net |
|
|
4,465,427 |
|
| Other assets |
|
|
5,181 |
|
| Total noncurrent assets included in the disposal group classified as held for sale |
|
|
13,266,728 |
|
| Total assets of the disposal group classified as held for sale in the Consolidated Balance Sheets |
|
$ |
16,645,170 |
|
| |
|
|
|
|
| Carrying amounts of major classes of liabilities included as part of discontinued operations |
|
|
|
|
| Current liabilities: |
|
|
|
|
| Accounts payable |
|
$ |
1,164,889 |
|
| Accrued liabilities |
|
|
602,342 |
|
| Billings in excess of costs and earnings |
|
|
836,975 |
|
| Loans payable -- current |
|
|
12,644 |
|
| Senior secured promissory notes, net — current |
|
|
255,355 |
|
| Related party payables |
|
|
507,500 |
|
| Income taxes payable |
|
|
2,999 |
|
| Total current liabilities included in the disposal group classified as held for sale |
|
|
3,382,704 |
|
| Loans payable |
|
|
10,384 |
|
| Senior secured promissory notes, net of loan discounts |
|
|
1,998,479 |
|
| Deferred tax liabilities, net -- noncurrent |
|
|
1,143,600 |
|
| Contingent purchase consideration |
|
|
2,685,000 |
|
| Other noncurrent liabilities |
|
|
425,000 |
|
| Total noncurrent liabilities included in the disposal group classified as held for sale |
|
|
6,262,463 |
|
| Total liabilities of the disposal group classified as held for sale in the Consolidated Balance Sheets |
|
|
9,645,167 |
|
| |
|
|
|
|
| Net assets held available for sale |
|
$ |
7,000,003 |
|
|
| X |
- References
+ Details
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| Namespace Prefix: |
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| Data Type: |
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| Period Type: |
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| X |
- References
+ Details
| Name: |
SSIE_ScheduleOfLiabilitiesAndAssetsOfEsco |
| Namespace Prefix: |
SSIE_ |
| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionTabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.
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| Namespace Prefix: |
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| Data Type: |
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| Period Type: |
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