Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
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
FOR VALUE RECEIVED, the undersigned, ForceField Energy Inc., a Nevada corporation (the "Maker"), hereby promises to pay to the order of John S. Edison ("Payee"), the principal sum of $1,000,000 (one million dollars) pursuant to the terms and conditions set forth herein.
PAYMENT OF PRINCIPAL. The principal amount of this Promissory Note (the "Note") and any accrued but unpaid interest shall be due and payable on December 5, 2014 (the “Maturity Date”).
INTEREST / FEE. Interest shall accrue on the principal balance at the rate of four percent (4%) for the term and the amount of interest that will be paid is for an amount of
$40,000 to be paid on Maturity Date.
PREPAYMENT. The Maker shall have the right at any time and from time to time to prepay this Note in whole or in part without premium or penalty.
SECURITY. This note is secured by 1,000,000 common restricted shares of ForceField Energy Inc. provided by Richard St-Julien and by the personal guaranty of Richard St Julien on the entire amount of the note and the interest.
REMEDIES. No delay or omission on part of the holder of this Note in exercising any right hereunder shall operate as a waiver of any such right or of any other right of such holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right on any future occasion. The rights and remedies of the Payee shall be cumulative and may be pursued singly, successively, or together, in the sole discretion of the Payee.
EVENTS OF ACCELERATION. The occurrence of any of the following shall constitute an "Event of Acceleration" by Maker under this Note:
(a) Maker's failure to pay any part of the principal or interest as and when due under this Note; or
(b) Maker's becoming insolvent or not paying its debts as they become due.
ACCELERATION. Upon the occurrence of an Event of Acceleration under this Note, and in addition to any other rights and remedies that Payee may have, Payee shall have the right, at its sole and exclusive option, to declare this Note immediately due and payable.
SUBORDINATION. The Maker's obligations under this Promissory Note are subordinated to all indebtedness, if any, of Maker, to any unrelated third party lender to the extent such indebtedness is outstanding on the date of this Note and such subordination is required under the loan documents providing for such indebtedness.
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WAIVERS BY MAKER. All parties to this Note including Maker and any sureties, endorsers, and guarantors hereby waive protest, presentment, notice of dishonor, and notice of acceleration of maturity and agree to continue to remain bound for the payment of principal, interest and all other sums due under this Note notwithstanding any change or changes by way of release, surrender, exchange, modification or substitution of any security for this Note or by way of any extension or extensions of time for the payment of principal and interest; and all such parties waive all and every kind of notice of such change or changes and agree that the same may be made without notice or consent of any of them.
EXPENSES. In the event any payment under this Note is not paid when due, the Maker agrees to pay, in addition to the principal and interest hereunder, reasonable attorneys' fees not exceeding a sum equal to 2% of the then outstanding balance owing on the Note, plus all other reasonable expenses incurred by Payee in exercising any of its rights and remedies upon default.
GOVERNING LAW. This Note shall be governed by, and construed in accordance with, the laws of the State of New York.
SUCCESSORS. All of the foregoing is the promise of Maker and shall bind Maker and Maker's successors, heirs and assigns; provided, however, that Maker may not assign any of its rights or delegate any of its obligations hereunder without the prior written consent of the holder of this Note.
IN WITNESS WHEREOF, Maker and guarantor has executed this Promissory Note as of the day and year first above written.
