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ForceField Energy Inc. – ‘10-Q’ for 9/30/14 – ‘R2’

On:  Wednesday, 11/19/14, at 4:01pm ET   ·   For:  9/30/14   ·   Accession #:  1354488-14-5929   ·   File #:  1-36133

Previous ‘10-Q’:  ‘10-Q’ on 8/19/14 for 6/30/14   ·   Next:  ‘10-Q’ on 6/18/15 for 3/31/15   ·   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

11/19/14  ForceField Energy Inc.            10-Q        9/30/14   61:4.9M                                   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    713K 
 2: EX-4.1      Secured Promissory Note                             HTML     30K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 5: EX-32       Certification -- §906 - SOA'02                      HTML     21K 
40: R1          Document and Entity Information                     HTML     44K 
30: R2          Consolidated Balance Sheets (Unaudited)             HTML    152K 
38: R3          Consolidated Balance Sheets (Parenthetical)         HTML     49K 
                (Unaudited)                                                      
42: R4          Consolidated Statements of Operations and           HTML    101K 
                Comprehensive Loss (Unaudited)                                   
55: R5          Statements of Changes in Stockholders' Equity       HTML     89K 
                (Predecessor) and (Successor)                                    
32: R6          Consolidated Statements of Cash Flows (Unaudited)   HTML    129K 
37: R7          1. Nature of Operations                             HTML     22K 
27: R8          2. Summary of Significant Accounting Policies       HTML     60K 
19: R9          3. Accounts Receivable, Net                         HTML     23K 
56: R10         4. Inventory                                        HTML     24K 
44: R11         5. Property and Equipment                           HTML     27K 
43: R12         6. Business Combinations                            HTML     45K 
48: R13         7. Goodwill and Intangible Assets, Net              HTML     39K 
49: R14         8. Income Taxes                                     HTML     25K 
47: R15         9. Debt                                             HTML     36K 
50: R16         10. Mandatorily Redeemable Non-Convertible          HTML     25K 
                Cummulative Preferred Stock                                      
39: R17         11. Stockholders' Equity                            HTML     41K 
41: R18         12. Commitments and Contingencies                   HTML     25K 
46: R19         13. Segment Information                             HTML     78K 
61: R20         14. Subsequent Events                               HTML     30K 
52: R21         2. Summary of Significant Accounting Policies       HTML    111K 
                (Policies)                                                       
34: R22         2. Summary of Significant Accounting Policies       HTML     27K 
                (Tables)                                                         
45: R23         3. Accounts Receivable, Net (Tables)                HTML     24K 
36: R24         4. Inventory (Tables)                               HTML     23K 
16: R25         5. Property and Equipment (Tables)                  HTML     24K 
53: R26         6. Business Combinations (Tables)                   HTML     30K 
57: R27         7. Goodwill and Intangible Assets, Net (Tables)     HTML     34K 
23: R28         9. Debt (Tables)                                    HTML     22K 
22: R29         11. Stockholders' Equity (Tables)                   HTML     24K 
25: R30         13. Segment Information (Tables)                    HTML     64K 
26: R31         2. Summary of Significant Accounting Policies       HTML     21K 
                (Details)                                                        
28: R32         2. Summary of Significant Accounting Policies -     HTML     20K 
                Fair value (Details)                                             
15: R33         2. Summary of Significant Accounting Policies       HTML     24K 
                (Details Narrative)                                              
51: R34         3. Accounts Receivable, Net (Details)               HTML     31K 
33: R35         4. Inventory (Details)                              HTML     24K 
35: R36         5. Property, Plant and Equipment (Details)          HTML     32K 
18: R37         5. Property, Plant and Equipment (Details           HTML     19K 
                Narrative)                                                       
60: R38         6. Business Combinations (Details)                  HTML     69K 
12: R39         6. Business Combinations (Details 1)                HTML     39K 
29: R40         7. Goodwill and Intangible Assets, Net (Details)    HTML     24K 
54: R41         7. Goodwill and Intangible Assets, Net (Details 1)  HTML     38K 
17: R42         7. Goodwill and Intangible Assets, Net (Details     HTML     20K 
                Narrative)                                                       
21: R43         9. Debt (Details)                                   HTML     36K 
24: R44         11. Stockholders' Equity (Details)                  HTML     42K 
31: R45         13. Segment Information (Details)                   HTML     74K 
14: R46         13. Segment Information (Details 1)                 HTML     33K 
59: XML         IDEA XML File -- Filing Summary                      XML     86K 
13: EXCEL       IDEA Workbook of Financial Reports                  XLSX    128K 
20: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    483K 
 6: EX-101.INS  XBRL Instance -- ssie-20140930                       XML    930K 
 8: EX-101.CAL  XBRL Calculations -- ssie-20140930_cal               XML    143K 
 9: EX-101.DEF  XBRL Definitions -- ssie-20140930_def                XML    490K 
10: EX-101.LAB  XBRL Labels -- ssie-20140930_lab                     XML    735K 
11: EX-101.PRE  XBRL Presentations -- ssie-20140930_pre              XML    581K 
 7: EX-101.SCH  XBRL Schema -- ssie-20140930                         XSD    134K 
58: ZIP         XBRL Zipped Folder -- 0001354488-14-005929-xbrl      Zip    104K

‘R2’   —   Consolidated Balance Sheets (Unaudited)

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v2.4.0.8
Consolidated Balance Sheets (Unaudited) (USD $)
Class A
Class A
Class B
Class B
Successor
Predecessor
Current assets:            
Cash and cash equivalents         $ 511,156 $ 339,011
Accounts receivable, net         2,202,461 2,955,758
Inventory, net         627,914 212,789
Prepaid expenses and other current assets         624,847 73,611
Deferred tax assets, net         13,804 91,654
Total current assets         3,980,182 3,672,823
Accounts receivable, net -- noncurrent         0 4,921
Property and equipment, net         34,637 11,636
Goodwill         3,860,054 0
Intangible assets, net         3,483,825 0
Deferred tax assets, net -- noncurrent         0 766,137
Other assets         110,964 0
Total assets         11,469,662 4,455,517
Current liabilities:            
Accounts payable         1,026,316 713,824
Accrued liabilities         617,666 281,013
Loans payable         130,000 0
Purchase consideration payable — working capital adjustment         240,684 0
Senior, secured promissory notes         979,594 0
Related party payables         0 0
Income taxes payable         28,887 9,018
Total current liabilities         3,023,557 1,003,855
Convertible debentures, net of loan discounts         2,601,557 0
Contingent purchase consideration         1,186,000 0
Mandatorily redeemable preferred stock         0 1,209,891
Deferred tax liabilities, net - noncurrent         377,334 0
Other noncurrent liabilities         45,355 0
Total liabilities         7,233,393 2,213,746
Commitments and contingencies             
ForceField Energy Inc. stockholders' equity:            
Preferred stock, $0.001 par value. 12,500,000 shares authorized; zero shares issued and outstanding         0 0
Common stock, $0.001 par value 18,012,790 shares issued and 16,550,693 outstanding as of September 30, 2014; Common stock, Class A, $0.001 par value. 1,500,000 shares authorized; 949,373 shares issued and outstanding as of December 31, 2013; Common stock, Class B, $0.001 par value. 500,000 shares authorized; 303,030 shares issued and outstanding as of December 31, 2013 0 949 0 303 0 0
Common stock held in treasury, at cost, 1,462,097 shares held at September 30, 2014         (1,166,071) 0
Additional paid-in capital         21,545,551 791,837
Accumulated earnings (deficit)         (16,230,032) 1,448,682
Accumulated other comprehensive income         17,932 0
Total ForceField Energy Inc. stockholders' equity         4,185,393 2,241,771
Noncontrolling interests         50,876 0
Total equity         4,236,269 2,241,771
Total liabilities and equity         $ 11,469,662 $ 4,455,517

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/19/14
For Period end:9/30/14NT 10-Q
12/31/1310-K,  NT 10-K
 List all Filings 
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Filing Submission 0001354488-14-005929   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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