ForceField Energy (FNRG) 10-Q 18 Jun 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Jun. 01, 2015
Document And Entity Information
Entity Registrant Name	ForceField Energy Inc.
Entity Central Index Key	1407268
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		19,211,949
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$1,504,646	$771,206
Accounts receivable, net	3,310,417	4,519,589
Costs and estimated earnings in excess of billings on uncompleted contracts	618,763	652,007
Inventory, net	578,471	431,585
Prepaid expenses and other current assets	285,160	487,396
Total current assets	6,297,457	6,861,783
Accounts receivable, net - noncurrent	23,423	33,093
Property and equipment, net	160,259	167,831
Goodwill	5,394,647	12,388,431
Intangible assets, net	4,446,291	7,976,980
Other assets	104,061	185,902
Total assets	16,426,138	27,614,020
Current liabilities:
Accounts payable	1,271,901	2,017,698
Accrued liabilities	1,295,537	1,517,258
Billings in excess of costs and estimated earnings on uncompleted contracts	95,743	1,045,687
Convertible debentures, net - current	1,360,000	50,000
Loans payable - current	142,304	142,644
Senior secured promissory notes, net - current	1,155,355	2,243,358
Related party payables	487,500	507,500
Income taxes payable	5,808	27,902
Total current liabilities	5,814,148	7,552,047
Convertible debentures, net of loan discounts	2,191,598	2,949,666
Loans payable	7,589	10,384
Senior secured promissory notes, net of loan discounts	2,012,141	1,998,479
Deferred tax liabilities, net - noncurrent	1,288,400	1,954,848
Contingent purchase consideration	641,000	3,326,000
Other noncurrent liabilities	492,712	492,712
Total liabilities	12,447,588	18,284,136
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. 37,500,000 shares authorized; 19,933,691 and 19,200,005 shares issued and 18,216,243 and 17,737,908 shares outstanding as of March 31, 2015 and December 31, 2014, respectively	19,934	19,200
Common stock held in treasury, at cost, 1,717,448 and 1,462,097 shares held at March 31, 2015 and December 31, 2014	-1,935,423	-1,166,071
Additional paid-in capital	31,488,614	27,132,299
Accumulated deficit	-25,605,845	-16,767,876
Accumulated other comprehensive income	11,270	12,573
Total ForceField Energy Inc. stockholders' equity	3,978,550	9,230,125
Noncontrolling interests		99,759
Total equity	3,978,550	9,329,884
Total liabilities and equity	$16,426,138	$27,614,020

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$0.00	$0.00
Preferred stock, authorized shares	12,500,000	12,500,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$0.00	$0.00
Common stock, authorized shares	37,500,000	37,500,000
Common stock, issued shares	19,933,691	19,200,005
Common stock, outstanding shares	18,216,243	17,737,908
Treasury stock held at cost	1,717,448	1,462,097

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Successor
Sales	$2,852,857
Cost of goods sold	2,106,414
Gross margin	746,443
Operating expenses:
Depreciation and amortization	344,138
Selling and marketing	167,863
General and administrative	1,436,313
Professional fees	256,858
Impairment of goodwill and intangible assets	9,156,190
Total operating expenses	11,361,362
Loss from operations	-10,614,919
Other income (expense)
Interest income (expense), net	-612,267
Loss on settlement of debt	-733,414
Other gains (losses)	2,685,000
Total other income	1,339,319
Loss before income taxes	-9,275,600
Provision for income taxes (benefit)	-431,244
Net loss	-8,844,356
Less: Accretion of preferred stock	0
Less: Net loss attributable to noncontrolling interests	-6,387
Net loss attributable to ForceField Energy Inc. stockholders	-8,837,969
Basic loss per common share attributable to ForceField Energy Inc. common stockholders:	($0.48)
Diluted loss per common share attributable to ForceField Energy Inc. common stockholders:	($0.48)
Weighted-average number of common shares outstanding:
Basic and diluted	18,265,723
Comprehensive loss:
Net loss	-8,844,356
Foreign currency translation adjustment	-1,303
Comprehensive loss	-8,845,659
Comprehensive loss attributable to noncontrolling interests	-6,387
Comprehensive loss attributable to ForceField Energy Inc. common stockholders	-8,839,272
Predecessor
Sales		1,300,775
Cost of goods sold		875,636
Gross margin		425,139
Operating expenses:
Depreciation and amortization		2,521
Selling and marketing		154,492
General and administrative		350,448
Professional fees		245
Impairment of goodwill and intangible assets		0
Total operating expenses		507,706
Loss from operations		-82,567
Other income (expense)
Interest income (expense), net		5,054
Loss on settlement of debt		0
Other gains (losses)		0
Total other income		5,054
Loss before income taxes		-77,513
Provision for income taxes (benefit)		1,775
Net loss		-79,288
Less: Accretion of preferred stock		24,197
Less: Net loss attributable to noncontrolling interests		0
Net loss attributable to ForceField Energy Inc. stockholders		-103,485
Basic loss per common share attributable to ForceField Energy Inc. common stockholders:		($0.08)
Diluted loss per common share attributable to ForceField Energy Inc. common stockholders:		($0.08)
Weighted-average number of common shares outstanding:
Basic and diluted		1,252,403
Comprehensive loss:
Net loss		-79,288
Foreign currency translation adjustment		0
Comprehensive loss		-79,288
Comprehensive loss attributable to noncontrolling interests		0
Comprehensive loss attributable to ForceField Energy Inc. common stockholders		($79,288)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Adjustments to reconcile net loss to cash used in operating activities:
Amortization of deferred financing costs	$62,809
Cash flows from financing activities:
Cash and cash equivalents at beginning of period	771,206
Cash and cash equivalents at end of period	1,504,646
Successor
Cash flows from operating activities:
Net loss	-8,844,356
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	344,138
Amortization of debt discount	277,377
Amortization of deferred financing costs	59,847
Recovery of doubtful accounts	-9,299
Common stock issued for financing costs	116,659
Common stock issued in exchange for fees and services	12,880
Deferred taxes	-416,206
Impairment of goodwill and intangible assets	9,156,190
Loss on settlement of debt	733,414
Unrealized gain on change in fair value of contingent consideration	-2,685,000
Changes in operating assets and liabilities:
Accounts receivable	1,228,364
Costs and estimated earnings in excess of billings on uncompleted contracts	33,244
Inventory	-144,248
Prepaid expenses and other current assets	-76,991
Other assets	-28,000
Accounts payable	-729,542
Accrued liabilities	-138,011
Billings in excess of costs and estimated earnings on uncompleted contracts	-764,117
Income taxes payable and other noncurrent liabilities	-21,294
Net cash provided by (used in) operating activities	-1,894,951
Cash flows from investing activities:
Cash paid in divestment of business, net of cash acquired	-17,053
Purchase of fixed assets	-3,388
Net cash used in investing activities	-20,441
Cash flows from financing activities:
Proceeds from issuance of common stock, net of issuance costs	1,462,810
Proceeds from exercise of common stock purchase warrants, net of issuance costs	913,500
Proceeds from issuance of convertible debentures	400,000
Repayments of convertible debentures	-100,000
Repayments of loans payable	-3,135
Repayments of related party payables	-20,000
Net cash provided by financing activities	2,653,175
Effect of exchange rates on cash and cash equivalents	-4,343
Net increase in cash and cash equivalents	733,440
Cash and cash equivalents at beginning of period	771,206
Cash and cash equivalents at end of period	1,504,646
Supplemental disclosure of cash flow information:
Cash paid for interest	83,895
Cash paid for income taxes	61,344
Supplemental disclosure of non-cash investing and financing activities:
Accretion of preferred stock	0
Common stock issued for financing costs in connection with convertible debentures and promissory notes	32,150
Common stock issued to reduce promissory notes payable	1,000,000
Common stock issued to reduce accounts payable and other accrued liabilities	18,000
Discount for beneficial conversion features on convertible debentures	67,636
Reallocation of amounts prepaid towards the acquisition of a business to consideration for an intangible asset - licensing rights	279,500
Predecessor
Cash flows from operating activities:
Net loss		-79,288
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization		2,521
Amortization of debt discount		0
Amortization of deferred financing costs		0
Recovery of doubtful accounts		-17,188
Common stock issued for financing costs		0
Common stock issued in exchange for fees and services		0
Deferred taxes		0
Impairment of goodwill and intangible assets		0
Loss on settlement of debt		0
Unrealized gain on change in fair value of contingent consideration		0
Changes in operating assets and liabilities:
Accounts receivable		668,970
Costs and estimated earnings in excess of billings on uncompleted contracts		0
Inventory		-56,691
Prepaid expenses and other current assets		-46,312
Other assets		0
Accounts payable		-313,477
Accrued liabilities		-68,002
Billings in excess of costs and estimated earnings on uncompleted contracts		0
Income taxes payable and other noncurrent liabilities		-2,125
Net cash provided by (used in) operating activities		88,408
Cash flows from investing activities:
Cash paid in divestment of business, net of cash acquired		0
Purchase of fixed assets		-1,673
Net cash used in investing activities		-1,673
Cash flows from financing activities:
Proceeds from issuance of common stock, net of issuance costs		0
Proceeds from exercise of common stock purchase warrants, net of issuance costs		0
Proceeds from issuance of convertible debentures		0
Repayments of convertible debentures		0
Repayments of loans payable		0
Repayments of related party payables		0
Net cash provided by financing activities		0
Effect of exchange rates on cash and cash equivalents		0
Net increase in cash and cash equivalents		86,735
Cash and cash equivalents at beginning of period		339,011
Cash and cash equivalents at end of period		425,746
Supplemental disclosure of cash flow information:
Cash paid for interest		5
Cash paid for income taxes		4,140
Supplemental disclosure of non-cash investing and financing activities:
Accretion of preferred stock		24,197
Common stock issued for financing costs in connection with convertible debentures and promissory notes		0
Common stock issued to reduce promissory notes payable		0
Common stock issued to reduce accounts payable and other accrued liabilities		0
Discount for beneficial conversion features on convertible debentures		0
Reallocation of amounts prepaid towards the acquisition of a business to consideration for an intangible asset - licensing rights		$0

1_NATURE_OF_OPERATIONS

1. NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	1	NATURE OF OPERATIONS
	ForceField Energy Inc. and its wholly-owned subsidiaries (“ForceField” or the “Company”) is a contractor that distributes and installs light emitting diode (“LED”) and traditional lighting products for both indoor and outdoor commercial applications. The Company generates revenue by selling commercial grade lighting products and its installation services for use in both commercial and municipal markets. The marketing and distribution of such products and services occurs primarily through internal sales resources.
	On March 5, 2015, the Company completed a sale of its 50.3% equity interest in TransPacific Energy, Inc. (“TPE”) back to certain current and former TPE shareholders. As a result of the transaction, the Company’s operations are now comprised of only one reportable segment for financial reporting purposes.
	On May 1, 2015, the Company announced that it closed its offices in Costa Rica and Mexico and is in the process winding down operations at each of these locations.

2_SUMMARY_OF_SIGNIFICANT_ACCOU

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Summary Of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information. All amounts are expressed in United States dollars. Certain information and disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These unaudited consolidated financial statements include all of the adjustments which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature.
	These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes and other information included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Securities and Exchange Commission (“SEC”). The results of operations for the three-month period ended March 31, 2015 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2015 or for any other future period.
	Going Concern
	These unaudited consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has generated significant operating losses which have been funded primarily from debt and equity financings. In addition, the Company is in default of, or past due on, certain payments related to principal and interest due on notes payable, vendor payables and other accrued liabilities. The Company is addressing its delinquencies on a case-by-case basis; however, it can offer no assurance that the cooperation it has received thus far will continue.
	The continuing operations of the Company and the recoverability of the carrying value of assets is dependent upon the ability of the Company to obtain necessary financing to fund its working capital requirements, and upon future profitable operations. The accompanying financial statements do not include any adjustments relative to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.
	There can be no assurance that new capital will be available as necessary to meet the Company's working capital requirements or, if the capital is available, that it will be on terms acceptable to the Company. The issuances of additional equity securities by the Company may result in significant dilution in the equity interests of its current stockholders. Obtaining new debt capital, assuming such debt capital would be available, will increase the Company's liabilities and future cash commitments. If the Company is unable to obtain financing in the amounts and on terms deemed acceptable, the business and future success may be adversely affected and the Company may cease operations. These factors raise substantial doubt regarding its ability to continue as a going concern.
	Predecessor and Successor Reporting
	On April 25, 2014, the Company acquired 17th Street ALD Management Corp (“ALD”), a leading commercial lighting specialist based in San Diego, California. The transaction was accounted for under the acquisition method of accounting, which requires that the assets purchased and the liabilities assumed all be reported in the acquirer's financial statements at their fair value, with any excess purchase price over the net assets being reported as goodwill. The application of the acquisition method of accounting represented a change in accounting basis. Accordingly, the financial statements and certain note presentations separate the Company’s presentations into two distinct periods, the period before the consummation of the transaction (labeled “Predecessor”) and the period after that date (labeled “Successor”), to indicate the application of the different basis of accounting between the periods presented. For financial reporting purposes, ALD was deemed to be the predecessor company and ForceField was deemed to be the successor company in accordance with the rules and regulations issued by the SEC. This change in accounting basis is represented in the unaudited consolidated financial statements by a vertical black line which appears between the columns entitled "Predecessor" and "Successor" on the statements and in the relevant notes. The black line signifies that the amounts shown for the periods prior to and subsequent to the acquisition may not be comparable.
	The predecessor account balances and results of operations are effective through April 30, 2014, as the impact of transactions recorded from April 26, 2014 through April 30, 2014 was not material.
	Principles of Consolidation
	These unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, valuation of accounts receivable and inventories, purchase price allocation of acquired businesses, impairment of long lived assets and goodwill, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
	Revenue Recognition
	The Company recognizes revenue on the percentage-of-completion method, measured by the percentage of total costs incurred to date against the estimated total costs for each contract. Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs and depreciation costs. General and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions and estimated profitability, including those arising from contract penalty provisions, and final contract settlements may result in revisions to costs and income and are recognized in the period in which the revisions are determined. Profit incentives are included in revenue when their realization is reasonably assured. An amount equal to contract costs attributable to claims is included in revenue when realization is probable and the amount can be reliably estimated.
	The asset, costs and estimated earnings in excess of billings on uncompleted contracts, represents revenue recognized in excess of amounts billed. The liability, billings in excess of costs and estimated earnings on uncompleted contracts, represents billings in excess of revenue recognized.
	Revenue from rebates from utilities may be recognized on eligible energy-efficient lighting retrofit projects. These rebates are simultaneously credited against the quoted contract price and assigned to the Company by the customer. The Company is responsible for the application of the rebate, and bears the risk of any loss from the verification and collection of the rebate. Revenue from rebates from utilities totaled $133,811 for the three month period ended March 31, 2015 compared to $333,651 for the same three month period ended March 31, 2014.
	Certain rebates from utility companies are subject to refund rights in the event that specified energy savings are not met. The Company assesses each retrofit project subject to refund rights to determine if the estimated energy savings are likely to be met. As of March 31, 2015 and December 31, 2014, there were no retrofit projects subject to this refund right that were not expected to meet the specified energy savings.
	The utilities providing the retrofit rebate, at their discretion, can audit the Company's customer installations prior to payment. These audits often result in an adjustment to the rebate, which is netted against revenues. A reserve for adjustments was recorded based upon current period sales and the Company’s historical experience factor in recording such rebate adjustments. During the three month periods ended March 31, 2015 and March 31, 2014 the adjustments to rebates from utilities totaled $5,608 and $12,028 respectively. These amounts are netted in the Company’s accounts receivable and revenue.
	Fair Value Measurements
	The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:
	●	Level 1 - Quoted prices in active markets for identical assets or liabilities.
	●	Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable.
	●	Level 3 - Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2015. The Company uses the market approach to measure fair value for its Level 1 financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The respective carrying value of certain balance sheet financial instruments approximates its fair value. These financial instruments include cash, trade receivables, related party payables, accounts payable, accrued liabilities and short-term borrowings. Fair values were estimated to approximate carrying values for these financial instruments since they are short term in nature and they are receivable or payable on demand.
	The estimated fair value of assets and liabilities acquired in business combinations and reporting units and long-lived assets used in the related asset impairment tests utilize inputs classified as Level 3 in the fair value hierarchy.
	The Company determines the fair value of contingent consideration based on a probability-weighted discounted cash flow analysis. The fair value remeasurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in the fair value hierarchy. In each period, the Company reassesses its current estimates of performance relative to the stated targets and adjusts the liability to fair value. Any such adjustments are included as a component of Other Income (Expense) in the Consolidated Statements of Operations and Comprehensive Loss.
	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
			Level 1			Level 2		Level 3
	Earnout liability		$	—		$	—	$	641,000
	The following table summarizes the change in the Company’s financial assets and liabilities measured at fair value as of March 31, 2015:
			2015
	Fair value, January 1, 2015		$	3,326,000
	Fair value of contingent consideration issued during the period			—
	Change in fair value			(2,685,000	)
	Fair value, March 31, 2015		$	641,000
	Goodwill and Intangible Assets
	Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company’s amortizable intangible assets consist of customer relationships, distribution and licensing agreements, non-compete agreements and technology. Their useful lives range from 0.5 to 15 years. The Company’s indefinite-lived intangible assets consist of trade names.
	Goodwill and indefinite-lived assets are not amortized, but are subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing is a two-step process performed at the reporting unit level. Step one compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then the second step must be completed to measure the amount of impairment, if any. Step two calculates the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit as calculated in step one. In this step, the fair value of the reporting unit is allocated to all of the reporting unit’s assets and liabilities in a hypothetical purchase price allocation as if the reporting unit had been acquired on that date. If the carrying amount of goodwill exceeds the implied fair value of goodwill, an impairment loss is recognized in an amount equal to the excess.
	Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future. Changes in assumptions and estimates could cause the Company to perform impairment test prior to scheduled annual impairment tests scheduled in the fourth quarter.
	Long-Lived Assets
	The Company evaluates the recoverability of its long-lived assets whenever events or changes in circumstances have indicated that an asset may not be recoverable. The long-lived asset is grouped with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. If the sum of the projected undiscounted cash flows is less than the carrying value of the assets, the assets are written down to the estimated fair value.
	Reclassifications
	Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.
	Recent accounting pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

3_ACCOUNTS_RECEIVABLE_NET

3. ACCOUNTS RECEIVABLE, NET	3 Months Ended
	Mar. 31, 2015
Accounts Receivable
ACCOUNTS RECEIVABLE, NET	3	ACCOUNTS RECEIVABLE, NET
	The following table sets forth the components of the Company’s accounts receivable, net at March 31, 2015 and December 31, 2014:
			March 31,			December 31,
			2015			2014
	Accounts and contracts receivable		$	2,557,167		$	3,755,498
	Retainage			853,048			894,892
	Allowance for doubtful accounts			(76,375	)		(97,708	)
	Total accounts receivable, net			3,333,840			4,552,682
	Less: Noncurrent portion of accounts receivable, net			(23,423	)		(33,093	)
	Current portion of accounts receivable, net		$	3,310,417		$	4,519,589
	Accounts receivable are customer obligations due under normal trade terms. The Company performs periodic credit evaluations of its customers’ financial condition. The Company records an allowance for doubtful accounts based upon factors surrounding the credit risk of certain customers and specifically identified amounts that it believes to be uncollectible. During the three-month successor period ended March 31, 2015, the Company recorded a decrease of $9,299 to its provision for bad debts and recorded nil in write offs. During the three-month predecessor period ended March 31, 2014, the Company recorded a decrease of $17,188 to its provision for bad debts and recorded nil in write-offs.
	The Company's long-term receivables are considered financing receivables. The difference between the present value and face value of these receivables is recorded as an unamortized discount which is amortized over the term of the payment plan. The Company recorded $1,298 of interest income from deferred payment plan accounts receivable during the three-month successor period ended March 31, 2015, and $3,385 of interest income from deferred payment plan accounts receivable during the three-month predecessor period ended March 31, 2014.
	Customer concentrations
	The Company had three customers that accounted for 46.1% of accounts receivable during the three-month successor period ended March 31, 2015, and one customer that accounted for 19.6% of accounts receivable during the three-month predecessor period ended March 31, 2014. Additionally, the Company had three customers that accounted for 54.7% of revenues during the three-month successor period ended March 31, 2015, and one customer that accounted for 25.1% of revenues during the three-month predecessor period ended March 31, 2014.
	Geographic information
	During the three-month successor period ended March 31, 2015, all of the Company’s sales were generated within the United States with the exception of $25,010 in sales that were produced in Costa Rica. During the three-month predecessor period ended March 31, 2014, all of the Company’s sales were generated within the United States.

4_PREPAID_EXPENSES_AND_OTHER_C

4. PREPAID EXPENSES AND OTHER CURRENT ASSETS	3 Months Ended
	Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	4.	PREPAID EXPENSES AND OTHER CURRENT ASSETS
	The following table sets forth the components of the Company’s prepaid expenses and other current assets at March 31, 2015 and December 31, 2014:
			March 31,		December 31,
			2015		2014
	Advance payments to employees and representatives		$	11,604	$	41,110
	Advance payments to suppliers			—		47,946
	Other prepaid expenses and current assets			77,976		55,310
	Payments on letter of intent to acquire a business			—		279,500
	Prepaid income taxes and other tax receivables			66,706		20,476
	Prepaid insurance and surety bonds			128,874		43,054
	Total		$	285,160	$	487,396
	The economic benefit of all prepaid expense and other current asset balances are expected to be realized within a twelve-month period. Payments on a letter of intent to acquire a business represent payments of $142,500 made in cash and the issuance of $137,000 in restricted stock pursuant to the terms of a non-binding letter of intent signed on July 26, 2014 with Noveda Technologies Inc. (“Noveda”). On March 5, 2015, the Company reclassified these amounts as an amortizable intangible asset upon the simultaneous amendment of a licensing agreement and cancellation of a letter of intent with the acquisition target (see Note 7 – Goodwill and Intangible Assets, Net for additional information).

5_PROPERTY_AND_EQUIPMENT

5. PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	5.	PROPERTY AND EQUIPMENT
	The following table sets forth the components of the Company’s property and equipment at March 31, 2015 and December 31, 2014:
			31-Mar-15							31-Dec-14
			Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
	Computers and equipment		$	51,167	$	(12,873	)	$	38,334	$	48,767	$	(8,556	)	$	40,211
	Furniture and fixtures			22,769		(3,657	)		19,112		22,584		(3,241	)		19,343
	Leasehold improvements			18,471		(908	)		17,563		18,471		(638	)		17,833
	Vehicles			55,465		(8,656	)		46,809		55,465		(3,462	)		52,003
	Construction in process			38,441		—			38,441		38,441		—			38,441
	Total		$	186,313	$	(26,054	)	$	160,259	$	183,728	$	(15,897	)	$	167,831
	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 $11,125 during the three month successor period ended March 31, 2015 and $2,521 during the three month predecessor period ended March 31, 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.

6_BUSINESS_DIVESTITURE

6. BUSINESS DIVESTITURE	3 Months Ended
	Mar. 31, 2015
Business Divestiture
BUSINESS DIVESTITURE	6.	BUSINESS DIVESTITURE
	In February 2015, the Company’s board of directors authorized the sale of its waste heat recovery (“Organic Rankine Cycle” or “ORC”) business due to its lack of operating performance and as part of a settlement of certain lawsuits filed by and against both TPE and the Company. On March 5, 2015, the Company completed such sale of its 50.3% equity interest in TPE back to certain current and former TPE shareholders. In exchange for its equity interest, ForceField received $50,000 in cash proceeds and the return of 255,351 shares of the Company’s common stock originally issued in May 2012 when it acquired the equity interest in TPE.
	The Company analyzed the divestment of its ORC business for discontinued operations reporting consideration. ASC 205-20 “Discontinued Operations” establishes that the disposal of a component of an entity or a group of components of an entity should be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. As the net assets and operating results for TPE were not material at the time of the divestment, the Company determined that discontinued operations reporting was not applicable.
	Further, the Company further analyzed the results of its ORC business for segment reporting consideration. ASC 280 “Segment Reporting” establishes that an operating segment is considered a reportable segment if: (i) it engages in business activities from which it may recognize revenues and generate expenses, its operating results are regularly reviewed by the Company’s chief operating decision maker, and discrete financial information is available; and (ii) it exceeds certain quantitative thresholds. At the time of the divestment, the Company’s ORC business did not exceed any of the prescribed quantitative thresholds. As such, the Company determined that segment reporting was not applicable.
	As a result of the transaction, the Company’s operations are now comprised of only one reportable segment for financial reporting purposes. The operating results of the Company’s ORC business for the three-month successor period ended March 31, 2015 are summarized below:
			Successor
			Three-Month
			Period Ended
			March 31,
			2015
	Sales		$	—
	Cost of goods sold			—
	Gross margin			—
	Operating expenses:
	Depreciation and amortization			17,589
	Selling and marketing			752
	General and administrative			(2,816	)
	Professional fees			4,340
	Total operating expenses			19,865
	Loss from operations			(19,865	)
	Other income (expense)
	Interest expense, net			8
	Total other income			8
	Loss before income taxes			(19,857	)
	Income tax benefit			(7,006	)
	Net loss		$	(12,851	)
	No results of operations for the Company’s ORC segment were reported in the three-month period ended March 31, 2014 as those results pertain solely to ALD as the predecessor entity.

7_GOODWILL_AND_INTANGIBLE_ASSE

7. GOODWILL AND INTANGIBLE ASSETS, NET	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	7.	GOODWILL AND INTANGIBLE ASSETS, NET
	The following table sets forth the changes in the carrying amount of the Company’s goodwill for the three-month period ended March 31, 2015:
			2015
	Balance, January 1		$	12,388,431
	Impairment charge			(6,993,784	)
	Balance, March 31		$	5,394,647
	At March 31, 2015, as a result of deteriorating business conditions and significant delays associated with new business opportunities, the Company performed the impairment test as prescribed by ASC 350 on the carrying value of its goodwill and recorded an impairment charge totaling $6,993,784; all of which was attributed to ESCO.
	Goodwill impairment testing is a two-step process performed at the reporting unit level. Step one compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then the second step must be completed to measure the amount of impairment, if any. Step two calculates the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit as calculated in step one. In this step, the fair value of the reporting unit is allocated to all of the reporting unit’s assets and liabilities in a hypothetical purchase price allocation as if the reporting unit had been acquired on that date. If the carrying amount of goodwill exceeds the implied fair value of goodwill, an impairment loss is recognized in an amount equal to the excess.
	Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future.
	The following table sets forth the components of the Company’s intangible assets at March 31, 2015:
			Amortization Period (Years)			Cost		Accumulated Amortization			Net Book Value
								and Impairment Charges
	Intangible assets subject to amortization:
	Customer relationships			4			1,515,000		(1,313,000	)		202,000
	Distribution and license rights			5			1,234,500		(419,570	)		814,930
	Production backlog			0.5			132,333		(108,000	)		24,333
	Non-compete agreements			3			265,000		(80,972	)		184,028
	Subtotal						3,146,833		(1,921,542	)		1,225,291
	Intangible assets not subject to amortization:
	Trade names			—			4,244,000		(1,023,000	)		3,221,000
	Total					$	7,390,833	$	(2,944,542	)	$	4,446,291
	The following table sets forth the components of the Company’s intangible assets at December 31, 2014:
			Amortization Period (Years)			Cost		Accumulated Amortization			Net Book Value
	Intangible assets subject to amortization:
	Customer relationships			4		$	1,515,000	$	(78,906	)	$	1,436,094
	Distribution and license rights			5			955,000		(366,917	)		588,083
	Production backlog			0.5			400,000		(229,666	)		170,334
	Non-compete agreements			3			265,000		(58,889	)		206,111
	Technology			15			1,583,000		(250,642	)		1,332,358
	Subtotal						4,718,000		(985,020	)		3,732,980
	Intangible assets not subject to amortization:
	Trade names			—			4,244,000		—			4,244,000
	Total					$	8,962,000	$	(985,020	)	$	7,976,980
	The Company recorded amortization expense for intangible assets subject to amortization of $333,013 during the three-month successor period ended March 31, 2015. No amortization expense was recorded during the three-month predecessor period ended March 31, 2014.
	On March 5, 2015, the Company and Noveda agreed to amend the terms of a license agreement entered into on December 1, 2014 which granted the Company exclusive rights over a five year period to sell, market and distribute Noveda’s technology on LED applications in North America. During 2014, the Company made payments to Noveda of $142,500 in cash and 25,000 shares of restricted common stock valued at $137,000 under the provisions of a non-binding letter of intent entered into by the Company to acquire Noveda. During 2015, by mutual agreement, the acquisition discussions were discontinued and the $279,500 in consideration was applied as payment towards, and in full satisfaction of, the remaining fees payable to Noveda under the terms of the license agreement.
	At March 31, 2015, the Company performed an interim impairment test for long-lived assets and determined that the carrying amount of certain intangible assets were not recoverable as its undiscounted cash flows were less than its carrying amount. The Company further determined that the fair value of the asset group was less than its carrying value and therefore impairment must be recorded. The Company used the discounted cash flow method under the income approach to determine the fair value of the asset group. The impairment amount was determined by allocating the shortfall of fair value as compared to the carrying amount to each long-lived asset in the asset group on a pro rata basis using the relative carrying amount of the assets, except the carrying amount of each asset cannot be reduced below its fair value. To determine the fair value of each long-lived asset, the Company used the relief from royalty method for its trade names and estimated the fair value for its customer relationships using the multi-period excess earnings method. As a result, the Company recorded impairment charges totaling $2,162,406 for these intangible assets; all of which was attributed to ESCO.

8_RELATED_PARTY_PAYABLES

8. RELATED PARTY PAYABLES	3 Months Ended
	Mar. 31, 2015
Related Party Payables
RELATED PARTY PAYABLES	8	RELATED PARTY PAYABLES
	During 2014, the Company’s wholly-owned subsidiary, ESCO, received loan proceeds totaling $507,500 from its president and chief executive officer. All of these loans proceeds, with the exception of $32,500, were made prior to the Company’s acquisition of ESCO on October 17, 2014. These loans are unsecured, and were made for an undefined term and on an interest free basis.
	On January 16, 2015, the Company repaid $20,000 towards the principal balance of these promissory notes. At March 31, 2015, the outstanding balance of these notes totaled $487,500.

9_DEBT

9. DEBT	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
DEBT	9	DEBT
	Convertible Debentures
	The following table sets forth the components of the Company’s convertible debentures at March 31, 2015 and December 31, 2014:
			March 31,			December 31,
			2015			2014
	7% Convertible debentures		$	200,000		$	200,000
	9% Convertible debentures			3,610,000			3,210,000
	Loan discounts			(258,402	)		(410,334	)
	Total convertible debentures, net			3,551,598			2,999,666
	Less: Current portion of convertible debentures, net			1,360,000			50,000
	Noncurrent portion of convertible debentures net		$	2,191,598		$	2,949,666
	During the year ended December 31, 2014, the Company privately placed a series of unsecured, convertible debentures with accredited investors for gross proceeds of $900,000 (of which $300,000 was raised during the predecessor period of January 1 through April 25, 2014). The debentures carry interest rates ranging between 7% and 9% per annum, payable semiannually in cash, for a three-year terms with fixed conversion prices ranging from $5.00 to $7.00 per share if converted within the first year of issuance or fixed conversion prices ranging from $6.00 to $9.00 if converted during the second or third year following issuance.
	On October 15, 2014, the Company converted, upon receiving formal notice from a noteholder, $50,000 in note principal, plus accrued interest, into 10,450 shares of restricted common stock.
	On October 31, 2014, the Company issued an unsecured, convertible debenture for $610,000 to an accredited investor. The debenture carries an interest rate of 9% per annum for a seventeen-month term with a fixed conversion price of $5.50 per share. The principal and interest are payable in twelve equal installments commencing April 30, 2015. The investor received 15,000 shares of the Company’s common stock valued at $95,100 as consideration for entering into the debenture agreement.
	At March 31, 2015, the underlying shares of the Company’s common stock related to these convertible debentures totaled 687,208 shares.
	On January 12, 2015, the Company issued an unsecured, convertible debenture for $400,000 to an accredited investor. The cost of this issuance was $28,000. The debenture carries an interest rate of 9% per annum, payable semiannually in cash, for an eighteen-month term with a fixed conversion price of $5.50 per share. The investor received 5,000 shares of the Company’s common stock valued at $32,150 as consideration for entering into the debenture agreement.
	All of the convertible debentures were analyzed at the time of their issuance for beneficial conversion features. In some instances, the Company concluded that a beneficial conversion feature existed. The beneficial conversion features were measured using the commitment-date stock price and aggregated $624,140. This amount was recorded as a debt discount and is being amortized as interest expense over the terms of the related convertible debentures. The debt discount associated with these beneficial conversion features amounted to $258,402 and $410,334 as of March 31, 2015 and December 31, 2014, respectively. The related amortization expense totaled $62,809 for the three-month successor period ended March 31, 2015. No such expense was recorded in the three-month predecessor period ended March 31, 2014.
	In addition, the Company analyzed its convertible debentures for derivative accounting consideration and determined that derivative accounting was not applicable.
	On April 30, 2015, the Company was required to pay $50,833 in principal, along with accrued interest of approximately $28,000, per the terms of a convertible note. The Company failed to make this payment. On May 13, 2015, the Company received a letter from the noteholder’s counsel alleging certain breaches and declaring the note to be in default. The interest rate on the convertible note increased from 9.0% to 22.0% per annum as a result of the default. The noteholder has made a demand for payment and is seeking to enforce all of its contractual, legal and equitable rights under the convertible note and related agreements. The original principal balance outstanding on the convertible note is $610,000 and is presented as a current liability on the Company’s Consolidated Balance Sheets. The note is unsecured. See “Note 12 — Subsequent Events” for additional information.
	The Company is in default for failure to pay interest on four additional convertible notes with an aggregate principal balance of $700,000. The interest rate on these notes ranges between 7% and 9% per annum, and does not increase in the event of a default. The principal amounts on these notes are presented as current liabilities on the Company’s Consolidated Balance Sheets.
	As a result of the defaults noted above, the Company accelerated the amortization of all deferred financing costs and beneficial conversion features associated with these convertible notes. The charge totaled $188,909 and was recorded to interest expense in the Company’s Consolidated Statements of Operations.
	Senior, Secured Promissory Notes
	The following table sets forth the components of the Company’s promissory notes at March 31, 2015 and December 31, 2014:
			March 31,			December 31,
			2015			2014
	Promissory notes		$	3,230,355		$	4,330,355
	Loan discounts			(62,859	)		(88,518	)
	Total promissory notes, net			3,167,496			4,241,837
	Less: Current portion of convertible debentures, net			1,155,355			2,243,358
	Noncurrent portion of convertible debentures net		$	2,012,141		$	1,998,479
	On April 25, 2014, the Company issued a series of promissory notes aggregating in $1,000,000 principal to the former stockholders of ALD in connection with its acquisition. The promissory notes carry an interest rate of 5% per annum, payable at maturity, for a one year term and are secured by the assets of ALD. In determining the fair value of the promissory notes issued, the Company considered, among other factors, the market yields on debt securities depending on the time horizon and level of perceived risk of the specific investment. The Company arrived at an estimated market rate of 9% and calculated the present value of the $1,000,000 promissory note and its related interest to be $965,019. As a result, the Company recorded a discount against the promissory notes of $34,981. The discount is being amortized using the effective interest method over the life of the notes. For the three-month period ended March 31, 2015, the Company recorded $11,998 in interest expense related to the note discount. No discount balance remained unamortized at March 31, 2015.
	On April 24, 2015, the Company was informed by the counsel of the former ALD stockholders that the failure to pay all of the principal and accrued interest on the outstanding promissory notes would result in the declaration of default, and that absent full payment of the notes by the maturity date, the former stockholders would commence collection proceedings and seek to enforce all of their contractual, legal and equitable rights under the note and related agreements. The notes were not repaid at their maturity date and are currently in default. See “Note 12 — Subsequent Events” for additional information.
	On October 13, 2014, the Company received $1,000,000 in loan proceeds from an accredited investor pursuant to the terms of a secured promissory note. The promissory note was due and payable in full by the Company on December 5, 2014. As consideration for loaning these proceeds to the Company, the investor was entitled to receive a $40,000 interest payment along with the principal at maturity. This loan was secured by 1,000,000 shares of the Company’s common stock owned by its former executive chairman. On December 26, 2014, the Company repaid all principal and accrued interest amounts associated with this promissory note.
	On October 17, 2014, the Company issued two secured promissory notes to the former stockholder of ESCO in connection with its acquisition. The first note totaled $2,075,000, bears interest at 6.02% per annum and is due in April 17, 2016. The note is collateralized by 687,500 restricted shares of the Company’s common stock which under no circumstances can become free trading prior to its maturity date. In determining the fair value of the promissory notes issued, the Company considered, among other factors, the market yields on debt securities depending on the time horizon and level of perceived risk of the specific investment. The Company arrived at an estimated market rate of 9% and calculated the present value of the $2,075,000 promissory note and its related interest to be $1,989,539. As a result, the Company recorded a discount against the promissory notes of $85,461. The discount is being amortized using the effective interest method over the life of the notes. For the three-month period ended March 31, 2015, the Company recorded $13,661 in interest expense related to the note discount. The remaining discount balance at March 31, 2015 was $62,859.
	The second note totaled $1,075,000 and was due on November 16, 2014 along with an interest payment of $45,000. At March 31, 2015, all but $155,355 of the principal balance was repaid. The note is collateralized by all of the assets of ESCO. On April 3, 2015, the Company entered into a note amendment and security interest termination agreement with the stockholder to amend and extend the original terms (see Note 12 – Subsequent Events for additional information).
	On December 21, 2014, the Company received $1,000,000 in loan proceeds from an accredited investor pursuant to the terms of a secured promissory note. The promissory note was due and payable in full by the Company on March 5, 2015 and was secured by 1,000,000 shares of the Company’s common stock owned by its former executive chairman, Richard St Julien. As consideration for loaning these proceeds to the Company, the investor was entitled to receive a $50,000 interest payment along with the principal at maturity. On March 5, 2015, the Company paid $50,000 to satisfy the accrued interest due on the promissory note. On March 31, 2015, the Company issued 181,818 shares of its common stock along with an equal number of common stock purchase warrants in lieu of cash to satisfy the $1,000,000 principal payment owed to the noteholder. The stock purchase warrants have been accounted for as equity in accordance with ASC 480. Using the Black-Scholes model, the Company calculated a relative fair value of $369,779 for these stock purchase warrants; which was recorded as a loss on settlement of debt.
	Loans Payable
	On September 5, 2014, the Company received $130,000 from a third party in the form of a demand loan bearing interest at a rate of 9% per annum. The entire principal amount, plus accrued interest totaling $6,338, was outstanding at March 31, 2015.
	The remaining loans payable were made by two financial institutions and are due in aggregate monthly installments of $1,111 (including interest ranging from 2.25% through 4.00%). These loans are collateralized by ESCO’s transportation equipment. At March 31, 2015, the outstanding balances on these loans totaled $19,813; of which $12,304 is scheduled to be paid within the next twelve months.

10_STOCKHOLDERS_EQUITY

10. STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
STOCKHOLDERS' EQUITY	10	STOCKHOLDERS’ EQUITY
	Preferred Stock
	ForceField is authorized to issue 12,500,000 shares of preferred stock at a par value of $0.001. No shares of preferred stock were issued and outstanding as of either March 31, 2015 or December 31, 2014.
	Common Stock
	ForceField is authorized to issue 37,500,000 shares of common stock at a par value of $0.001 and had 19,933,691 shares of common stock issued and 18,216,243 shares of common stock, net of shares held in treasury, outstanding as of March 31, 2015.
	Common Stock Held in Treasury at Cost
	On March 5, 2015, the Company reacquired 255,351 shares of its common stock in the divestiture of the 50.3% equity investment in TPE. The common stock is held in treasury by the Company. At March 31, 2015, a total of 1,717,448 shares of the Company’s common stock were held in treasury at a cost of $1,935,423.
	Common Stock Issued in Private Placements
	During the three-month period ended March 31, 2015, the Company accepted subscription agreements from investors and issued 298,543 shares of its common stock along with an equal number of stock purchase warrants for gross proceeds totaling $1,604,510. The cost of these issuances was $141,700.
	During the successor period of April 26, 2014 to December 31, 2014, the Company accepted subscription agreements from investors and issued 540,722 shares of its common stock along with an equal number of stock purchase warrants for gross proceeds of $2,692,500. The cost of these issuances was $220,750. Furthermore, during the period of January 1, 2014 to April 25, 2014, the Company accepted subscription agreements from investors and issued 167,778 shares of its common stock along with an equal number of stock purchase warrants for gross proceeds totaling $825,000. The cost of these issuances was $82,500. The cumulative number and value of these share issuances that occurred prior to the successor period commencing April 26, 2014 are reflected in the beginning balances of the Company’s Consolidated Statement of Stockholders' Equity (Successor) on Form 10-K for the year ended December 31, 2014.
	Common Stock Issued in Exchange for Services
	During the three-month period ended March 31, 2015, the Company issued 2,000 shares of its common stock valued at $12,880 for investor relations services. Additionally, the Company issued 2,808 shares of its common stock valued at $18,000 to its three independent directors in accordance with their board compensation agreements.
	Common Stock Issued in Lieu of Cash for Loans Payable and Other Accrued Obligations
	On March 31, 2015, the Company agreed to exchange 181,818 shares with an equal number of common stock purchase warrants in lieu of cash to satisfy a $1.0 million promissory note payment owed to an investor. The conversion price granted to the investor for the share exchange was in accord with the terms offered under the Company’s current equity private placement memorandum. The fair value of the common stock was $1,363,635. The stock purchase warrants have been accounted for as equity in accordance with ASC 480 by using the Black-Scholes model. The Company calculated a relative fair value of $369,779 for these stock purchase warrants. The difference between the fair value of the equity and the settled liability totaled $733,414 and was recorded as a loss on settlement of debt.
	Common Stock Issued for Financing Costs
	On January 9, 2015, the Company issued 17,416 shares of its common stock valued at $6.44 per share, or $112,159, to extend the terms of a promissory note and other purchase obligations due to the former stockholder and certain employees of ESCO. Additionally, on March 31, 2015, the Company issued 601 shares of its common stock valued at $7.49, or $4,500, in connection with the placement of a convertible promissory note with an accredited investor.
	Stock Purchase Warrants
	The following table reflects all outstanding and exercisable warrants at March 31, 2015:
			Number of			Weighted Average		Average Remaining
			Warrants			Exercise Price		Contractual
			Outstanding					Life (Years)
	Balance, January 1, 2015			796,000		$	4.73		0.57
	Warrants issued			480,361		$	5.42		—
	Warrants exercised			(225,500	)	$	—		—
	Warrants expired			—		$	—		—
	Balance March 31, 2015			1,050,861		$	5.19		0.68
	All stock warrants are exercisable for a period of one year from the date of issuance. The remaining contractual life of the warrants outstanding as of March 31, 2015 ranges from 0.02 to 1.0 years.
	During the three-month successor period ended March 31, 2015, the Company issued 225,500 shares of its common stock for gross proceeds totaling $1,015,000 following the exercise of an equal amount of stock purchase warrants. The cost of these issuances was $101,500.
	During the successor period of April 26, 2014 to December 31, 2014, the Company issued 543,750 shares of its common stock for gross proceeds totaling $2,175,000 following the exercise of an equal amount of stock purchase warrants. The cost of these issuances was $217,500. Furthermore, during the predecessor period of January 1, 2014 through April 25, 2014, the Company issued 16,500 shares of its common stock for gross proceeds totaling $66,000 following the exercise of an equal amount of stock purchase warrants. The cost of these issuances was $6,600. The cumulative number and value of these share issuances that occurred prior to the successor period commencing April 26, 2014 are reflected in the beginning balances of the Company’s Consolidated Statement of Stockholders' Equity (Successor) on Form 10-K for the year ended December 31, 2014.

11_COMMITMENTS_AND_CONTINGENCI

11. COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11	COMMITMENTS AND CONTINGENCIES
	TransPacific Energy Litigation
	On April 28, 2014, TransPacific Energy Inc., Karen Kahn, Alexander Goldberg, John Howard, Audrey Boston, Anne Howard (“Howard”), ACME Energy, Inc. (“Acme”), and Samuel Sami (“Sami”) (collectively, the “Plaintiffs”) filed suit against ForceField Energy, Inc. in the Superior Court of the State of California for the County of San Diego, in a case styled TransPacific Energy, Inc. et al. v. ForceField Energy, Inc., Case No. 37-2014-00013110-CU-BC-CTL (Cal. Super. Ct. filed April 28, 2014) (the “Lawsuit”). In the Lawsuit, Plaintiffs claimed various breaches by ForceField of the share exchange agreement dated May 10, 2012 between ForceField, Acme, Apela Holdings, and ABH Holdings, and sought unspecified damages in excess of $25,000. ForceField filed a motion to compel the Lawsuit to arbitration.
	On July 14, 2014, ForceField commenced an arbitration proceeding against TPE, Howard, Sami, and Acme (collectively, the “Respondents”) before the American Arbitration Association in New York City styled ForceField Energy, Inc. v. TransPacific Energy, Inc., et al v. ForceField Energy, Inc., et al, AAA Case No. 01-14-0000-9289 (the “Arbitration”).  In the Arbitration, ForceField asserted various claims for breach of the share exchange agreement, which materially harmed the value of ForceField’s investments in TPE. Respondents filed counterclaims in the Arbitration similar in substance to the claims they asserted in the Lawsuit.
	On March 5, 2015, the parties entered into a written settlement agreement (“Agreement”) that resolved all claims and counterclaims asserted in both the Lawsuit and the Arbitration. Pursuant to the Agreement, both the Lawsuit and the Arbitration have each been dismissed with prejudice.
	Class Action and Derivative Action
	On April 17, 2015, a lawsuit (the “Class Action”) against the Company and its officers, Messrs. St-Julien (who as indicated below in “Note 12 – Subsequent Events,” resigned as Chairman and from all other positions he held with the Company), Natan and Williams (Mr. Natan and Mr. Williams are collectively referred to as the “Individual Defendants”), and certain other third parties, was filed in the United States District Court, Southern District of New York.
	Since the filing of the Class Action, additional complaints have been filed seeking class status on behalf of all persons who purchased the Company’s securities between September 16, 2013 and April 15, 2015 (the “Period”). The Class Action alleges violations by the Company and the other persons named therein of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder. The Class Action seeks an unspecified amount of damages.
	On May 15, 2015, a lawsuit (the “Derivative Action”) Civil Action No. CV-15-2782 against the Company’s officers, directors and former director Messrs. St-Julien, Natan, Williams, Kebir Ratnani, Adrian Auman, and David Vanderhorst (Messrs. Ratnani, Auman and Vanderhorst are collectively referred to as the “Director Defendants”) was filed by Neil J. Brown, derivatively and on behalf of ForceField Energy, Inc. in the United States District Court, for the Eastern District of New York. The Derivative Action seeks unspecified damages against these individuals for breaches of their fiduciary duties and unjust enrichment.
	Although the ultimate outcome of the Class Action and Derivative Action cannot be determined with certainty, the Company believes that the allegations stated in the Class Action and Derivative Action are without merit against the Company, Individual Defendants and Director Defendants, and the Company, Individual Defendants and Director Defendants intend to defend themselves vigorously against all allegations set forth in the Class Action and Derivative Action.
	Consulting Services
	ForceField has entered into various engagement agreements for advisory and consulting services on a non-exclusive basis to obtain equity capital. In the event that the Company completes a financing from a funding source provided by one of the consultants, then such consultant will receive a finders or referral fee at closing ranging from five percent (5%) to ten percent (10%) of the amount received by the Company. The terms and condition of financing are subject to Company approval.

12_SUBSEQUENT_EVENTS

12. SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	12	SUBSEQUENT EVENTS
	In addition to the events discussed in “Note 11 – Commitments and Contingencies” above under TransPacific Energy Litigation and Class Action and Derivative Action, the following events occurred subsequent to March 31, 2015.
	On April 3, 2015, the Company entered into a note amendment and security interest termination agreement with Mitchell Barack, the former stockholder and current chief executive officer of ESCO. Under the terms of the agreement, Mr. Barack agreed to release the lien he held against ESCO’s assets and to defer the remaining $200,355 in principal and interest amounts currently owed to him and remaining $325,000 due to the employees of ESCO until June 30, 2015.
	On April 19, 2015, Richard St-Julien, the Company’s founder and majority shareholder, voluntarily resigned as the Company’s executive chairman of the board of directors, and from all other positions that he held with the Company. On the same date, the Company’s independent board of directors appointed David Natan, the Company’s chief executive officer to the dual role of chairman and CEO, as well as corporate secretary.  Additionally, the independent board of directors promoted Jason Williams, the Company’s chief financial officer to the dual role of CFO and executive vice president as well as assistant secretary.
	On April 20, 2015, the NASDAQ Capital Market (“Nasdaq”) halted trading of the Company’s common stock; and on April 21, 2015, the SEC ordered that pursuant to Section 12(k) of the Securities Exchange Act of 1934, as amended, trading in the shares of the Company’s common stock was suspended for the period from 9:30 a.m. EDT on April 21, 2015 through 11:59 p.m. EDT, on May 4, 2015 pursuant to an order of suspension of trading issued by the SEC and captioned In the Matter of ForceField Energy Inc. (File No. 500-1).
	On April 21, 2015, the Company received a subpoena from the staff of the SEC for the production of certain documents and information pursuant to a formal order of investigation.
	Pursuant to a letter dated April 24, 2015, legal counsel to the former ALD stockholders (the “ALD Sellers”) informed the Company that the failure to pay all principal and accrued interest on the notes by April 27, 2015 (the “Maturity Date”), would result in the declaration of default under the terms of the promissory notes and related agreements, and that absent full payment of the promissory notes by the Maturity Date, the ALD Sellers would commence collection proceedings and seek to enforce all of the ALD Sellers’ contractual, legal and equitable rights under the promissory notes and related agreements. The promissory notes accrued interest at the rate of 5% per annum and the principal amount and all interest. The $1,050,000 due under the promissory notes was not paid on the Maturity Date. The notes are guaranteed by the Company and secured by substantially all of the assets of ALD.
	On April 30, 2015, the Company notified Nasdaq that it was voluntarily terminating the listing of its shares of common stock on the Nasdaq Capital Market due to a number of uncertainties related to the Company’s current and future available cash, cash flow and operations. On May 11, 2015, the Company filed a Form 25 with the SEC to withdraw the listing and registration of its common stock from the Nasdaq Capital Market.
	On April 30, 2015, the Company was required to pay $50,833 in principal, along with accrued interest of approximately $28,000, per the terms of a convertible note. The Company failed to make this payment. On May 13, 2015, the Company received a letter from the noteholder’s counsel alleging certain breaches and declaring the note to be in default. The interest rate on the convertible note increased from 9% to 22% per annum as a result of the default. The noteholder has commenced collection proceedings and is seeking to enforce all of its contractual, legal and equitable rights under the convertible note and related agreements. The original principal balance outstanding on the convertible note is $610,000. The note is unsecured.
	On May 1, 2015, the Company announced that it closed its offices in Costa Rica and Mexico. The Company estimates that it will incur approximately $35,000 to $50,000 in aggregated exit costs associated with the orderly wind down of operations at these locations.
	On May 11, 2015, the Company’s common stock commenced trading on the OTC Market Group’s “Grey Market”.
	From April 1, 2015 through April 15, 2015, the Company accepted subscription agreements from investors and issued 59,091 shares of its common stock with an equal number of stock purchase warrants, and issued an additional 5,000 shares of common stock from the exercise of stock purchase warrants for gross proceeds totaling $350,000. The cost of these issuances was $35,000. The Company has not received any subscription agreements since April 15, 2015.

2_SUMMARY_OF_SIGNIFICANT_ACCOU1

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
Basis of Presentation	Basis of Presentation
	The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information. All amounts are expressed in United States dollars. Certain information and disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These unaudited consolidated financial statements include all of the adjustments which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature.
	These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes and other information included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the Securities and Exchange Commission (“SEC”). The results of operations for the three-month period ended March 31, 2015 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2015 or for any other future period.
Going Concern	Going Concern
	These unaudited consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has generated significant operating losses which have been funded primarily from debt and equity financings. In addition, the Company is in default of, or past due on, certain payments related to principal and interest due on notes payable, vendor payables and other accrued liabilities. The Company is addressing its delinquencies on a case-by-case basis; however, it can offer no assurance that the cooperation it has received thus far will continue.
	The continuing operations of the Company and the recoverability of the carrying value of assets is dependent upon the ability of the Company to obtain necessary financing to fund its working capital requirements, and upon future profitable operations. The accompanying financial statements do not include any adjustments relative to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.
	There can be no assurance that new capital will be available as necessary to meet the Company's working capital requirements or, if the capital is available, that it will be on terms acceptable to the Company. The issuances of additional equity securities by the Company may result in significant dilution in the equity interests of its current stockholders. Obtaining new debt capital, assuming such debt capital would be available, will increase the Company's liabilities and future cash commitments. If the Company is unable to obtain financing in the amounts and on terms deemed acceptable, the business and future success may be adversely affected and the Company may cease operations. These factors raise substantial doubt regarding its ability to continue as a going concern.
Predecessor and Successor Reporting	Predecessor and Successor Reporting
	On April 25, 2014, the Company acquired 17th Street ALD Management Corp (“ALD”), a leading commercial lighting specialist based in San Diego, California. The transaction was accounted for under the acquisition method of accounting, which requires that the assets purchased and the liabilities assumed all be reported in the acquirer's financial statements at their fair value, with any excess purchase price over the net assets being reported as goodwill. The application of the acquisition method of accounting represented a change in accounting basis. Accordingly, the financial statements and certain note presentations separate the Company’s presentations into two distinct periods, the period before the consummation of the transaction (labeled “Predecessor”) and the period after that date (labeled “Successor”), to indicate the application of the different basis of accounting between the periods presented. For financial reporting purposes, ALD was deemed to be the predecessor company and ForceField was deemed to be the successor company in accordance with the rules and regulations issued by the SEC. This change in accounting basis is represented in the unaudited consolidated financial statements by a vertical black line which appears between the columns entitled "Predecessor" and "Successor" on the statements and in the relevant notes. The black line signifies that the amounts shown for the periods prior to and subsequent to the acquisition may not be comparable.
	The predecessor account balances and results of operations are effective through April 30, 2014, as the impact of transactions recorded from April 26, 2014 through April 30, 2014 was not material.
Principles of Consolidation	Principles of Consolidation
	These unaudited consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates
	The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to revenue recognition, valuation of accounts receivable and inventories, purchase price allocation of acquired businesses, impairment of long lived assets and goodwill, valuation of financial instruments, income taxes, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
Revenue Recognition	Revenue Recognition
	The Company recognizes revenue on the percentage-of-completion method, measured by the percentage of total costs incurred to date against the estimated total costs for each contract. Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs and depreciation costs. General and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions and estimated profitability, including those arising from contract penalty provisions, and final contract settlements may result in revisions to costs and income and are recognized in the period in which the revisions are determined. Profit incentives are included in revenue when their realization is reasonably assured. An amount equal to contract costs attributable to claims is included in revenue when realization is probable and the amount can be reliably estimated.
	The asset, costs and estimated earnings in excess of billings on uncompleted contracts, represents revenue recognized in excess of amounts billed. The liability, billings in excess of costs and estimated earnings on uncompleted contracts, represents billings in excess of revenue recognized.
	Revenue from rebates from utilities may be recognized on eligible energy-efficient lighting retrofit projects. These rebates are simultaneously credited against the quoted contract price and assigned to the Company by the customer. The Company is responsible for the application of the rebate, and bears the risk of any loss from the verification and collection of the rebate. Revenue from rebates from utilities totaled $133,811 for the three month period ended March 31, 2015 compared to $333,651 for the same three month period ended March 31, 2014.
	Certain rebates from utility companies are subject to refund rights in the event that specified energy savings are not met. The Company assesses each retrofit project subject to refund rights to determine if the estimated energy savings are likely to be met. As of March 31, 2015 and December 31, 2014, there were no retrofit projects subject to this refund right that were not expected to meet the specified energy savings.
	The utilities providing the retrofit rebate, at their discretion, can audit the Company's customer installations prior to payment. These audits often result in an adjustment to the rebate, which is netted against revenues. A reserve for adjustments was recorded based upon current period sales and the Company’s historical experience factor in recording such rebate adjustments. During the three month periods ended March 31, 2015 and March 31, 2014 the adjustments to rebates from utilities totaled $5,608 and $12,028 respectively. These amounts are netted in the Company’s accounts receivable and revenue.
Fair Value Measurements	Fair Value Measurements
	The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820 “Fair Value Measurements and Disclosures” (“ASC 820”) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:
	●	Level 1 - Quoted prices in active markets for identical assets or liabilities.
	●	Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable.
	●	Level 3 - Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2015. The Company uses the market approach to measure fair value for its Level 1 financial assets and liabilities. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The respective carrying value of certain balance sheet financial instruments approximates its fair value. These financial instruments include cash, trade receivables, related party payables, accounts payable, accrued liabilities and short-term borrowings. Fair values were estimated to approximate carrying values for these financial instruments since they are short term in nature and they are receivable or payable on demand.
	The estimated fair value of assets and liabilities acquired in business combinations and reporting units and long-lived assets used in the related asset impairment tests utilize inputs classified as Level 3 in the fair value hierarchy.
	The Company determines the fair value of contingent consideration based on a probability-weighted discounted cash flow analysis. The fair value remeasurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in the fair value hierarchy. In each period, the Company reassesses its current estimates of performance relative to the stated targets and adjusts the liability to fair value. Any such adjustments are included as a component of Other Income (Expense) in the Consolidated Statements of Operations and Comprehensive Loss.
	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
			Level 1			Level 2		Level 3
	Earnout liability		$	—		$	—	$	641,000
	The following table summarizes the change in the Company’s financial assets and liabilities measured at fair value as of March 31, 2015:
			2015
	Fair value, January 1, 2015		$	3,326,000
	Fair value of contingent consideration issued during the period			—
	Change in fair value			(2,685,000	)
	Fair value, March 31, 2015		$	641,000
Goodwill and Intangible Assets	Goodwill and Intangible Assets
	Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. Intangible assets have either an identifiable or indefinite useful life. Intangible assets with identifiable useful lives are amortized on a straight-line basis over their economic or legal life, whichever is shorter. The Company’s amortizable intangible assets consist of customer relationships, distribution and licensing agreements, non-compete agreements and technology. Their useful lives range from 0.5 to 15 years. The Company’s indefinite-lived intangible assets consist of trade names.
	Goodwill and indefinite-lived assets are not amortized, but are subject to annual impairment testing unless circumstances dictate more frequent assessments. The Company performs an annual impairment assessment for goodwill during the fourth quarter of each year and more frequently whenever events or changes in circumstances indicate that the fair value of the asset may be less than the carrying amount. Goodwill impairment testing is a two-step process performed at the reporting unit level. Step one compares the fair value of the reporting unit to its carrying amount. The fair value of the reporting unit is determined by considering both the income approach and market approaches. The fair values calculated under the income approach and market approaches are weighted based on circumstances surrounding the reporting unit. Under the income approach, the Company determines fair value based on estimated future cash flows of the reporting unit, which are discounted to the present value using discount factors that consider the timing and risk of cash flows. For the discount rate, the Company relies on the capital asset pricing model approach, which includes an assessment of the risk-free interest rate, the rate of return from publicly traded stocks, the Company’s risk relative to the overall market, the Company’s size and industry and other Company specific risks. Other significant assumptions used in the income approach include the terminal value, growth rates, future capital expenditures and changes in future working capital requirements. The market approaches use key multiples from guideline businesses that are comparable and are traded on a public market. If the fair value of the reporting unit is greater than its carrying amount, there is no impairment. If the reporting unit’s carrying amount exceeds its fair value, then the second step must be completed to measure the amount of impairment, if any. Step two calculates the implied fair value of goodwill by deducting the fair value of all tangible and intangible net assets of the reporting unit from the fair value of the reporting unit as calculated in step one. In this step, the fair value of the reporting unit is allocated to all of the reporting unit’s assets and liabilities in a hypothetical purchase price allocation as if the reporting unit had been acquired on that date. If the carrying amount of goodwill exceeds the implied fair value of goodwill, an impairment loss is recognized in an amount equal to the excess.
	Determining the fair value of a reporting unit is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, strategic plans and future market conditions, among others. There can be no assurance that the Company’s estimates and assumptions made for purposes of the goodwill impairment testing will prove to be accurate predictions of the future. Changes in assumptions and estimates could cause the Company to perform impairment test prior to scheduled annual impairment tests scheduled in the fourth quarter.
Long-Lived Assets	Long-Lived Assets
	The Company evaluates the recoverability of its long-lived assets whenever events or changes in circumstances have indicated that an asset may not be recoverable. The long-lived asset is grouped with other assets at the lowest level for which identifiable cash flows are largely independent of the cash flows of other groups of assets and liabilities. If the sum of the projected undiscounted cash flows is less than the carrying value of the assets, the assets are written down to the estimated fair value.
Reclassifications	Reclassifications
	Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.
Recent accounting pronouncements	Recent accounting pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

2_SUMMARY_OF_SIGNIFICANT_ACCOU2

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2015
Summary Of Significant Accounting Policies Tables
Fair Value by Hierarchy	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
		Level 1			Level 2		Level 3
	Earnout liability	$	—		$	—	$	641,000
Fair Value Measurements	The following table summarizes the change in the Company’s financial assets and liabilities measured at fair value as of March 31, 2015:
		2015
	Fair value, January 1, 2015	$	3,326,000
	Fair value of contingent consideration issued during the period		—
	Change in fair value		(2,685,000	)
	Fair value, March 31, 2015	$	641,000

3_ACCOUNTS_RECEIVABLE_NET_Tabl

3. ACCOUNTS RECEIVABLE, NET (Tables)	3 Months Ended
	Mar. 31, 2015
Accounts Receivable Tables
Accounts receivable	The following table sets forth the components of the Company’s accounts receivable, net at March 31, 2015 and December 31, 2014:
		March 31,			December 31,
		2015			2014
	Accounts and contracts receivable	$	2,557,167		$	3,755,498
	Retainage		853,048			894,892
	Allowance for doubtful accounts		(76,375	)		(97,708	)
	Total accounts receivable, net		3,333,840			4,552,682
	Less: Noncurrent portion of accounts receivable, net		(23,423	)		(33,093	)
	Current portion of accounts receivable, net	$	3,310,417		$	4,519,589

4_PREPAID_EXPENSES_AND_OTHER_C1

4. PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses and other current assets	The following table sets forth the components of the Company’s prepaid expenses and other current assets at March 31, 2015 and December 31, 2014:
		March 31,		December 31,
		2015		2014
	Advance payments to employees and representatives	$	11,604	$	41,110
	Advance payments to suppliers		—		47,946
	Other prepaid expenses and current assets		77,976		55,310
	Payments on letter of intent to acquire a business		—		279,500
	Prepaid income taxes and other tax receivables		66,706		20,476
	Prepaid insurance and surety bonds		128,874		43,054
	Total	$	285,160	$	487,396

5_PROPERTY_AND_EQUIPMENT_Table

5. PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, plant and equipment	The following table sets forth the components of the Company’s property and equipment at March 31, 2015 and December 31, 2014:
		31-Mar-15							31-Dec-14
		Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
	Computers and equipment	$	51,167	$	(12,873	)	$	38,334	$	48,767	$	(8,556	)	$	40,211
	Furniture and fixtures		22,769		(3,657	)		19,112		22,584		(3,241	)		19,343
	Leasehold improvements		18,471		(908	)		17,563		18,471		(638	)		17,833
	Vehicles		55,465		(8,656	)		46,809		55,465		(3,462	)		52,003
	Construction in process		38,441		—			38,441		38,441		—			38,441
	Total	$	186,313	$	(26,054	)	$	160,259	$	183,728	$	(15,897	)	$	167,831

6_BUSINESS_DIVESTITURE_Tables

6. BUSINESS DIVESTITURE (Tables)	3 Months Ended
	Mar. 31, 2015
Business Divestiture
Operating results of the Company's ORC business	The operating results of the Company’s ORC business for the three-month successor period ended March 31, 2015 are summarized below:
		Successor
		Three-Month
		Period Ended
		March 31,
		2015
	Sales	$	—
	Cost of goods sold		—
	Gross margin		—
	Operating expenses:
	Depreciation and amortization		17,589
	Selling and marketing		752
	General and administrative		(2,816	)
	Professional fees		4,340
	Total operating expenses		19,865
	Loss from operations		(19,865	)
	Other income (expense)
	Interest expense, net		8
	Total other income		8
	Loss before income taxes		(19,857	)
	Income tax benefit		(7,006	)
	Net loss	$	(12,851	)

7_GOODWILL_AND_INTANGIBLE_ASSE1

7. GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying amount of goodwill	The following table sets forth the changes in the carrying amount of the Company’s goodwill for the three-month period ended March 31, 2015:
		2015
	Balance, January 1	$	12,388,431
	Impairment charge		(6,993,784	)
	Balance, March 31	$	5,394,647
Intangible assets	The following table sets forth the components of the Company’s intangible assets at March 31, 2015:
		Amortization Period (Years)			Cost		Accumulated Amortization			Net Book Value
							and Impairment Charges
	Intangible assets subject to amortization:
	Customer relationships		4			1,515,000		(1,313,000	)		202,000
	Distribution and license rights		5			1,234,500		(419,570	)		814,930
	Production backlog		0.5			132,333		(108,000	)		24,333
	Non-compete agreements		3			265,000		(80,972	)		184,028
	Subtotal					3,146,833		(1,921,542	)		1,225,291
	Intangible assets not subject to amortization:
	Trade names		—			4,244,000		(1,023,000	)		3,221,000
	Total				$	7,390,833	$	(2,944,542	)	$	4,446,291
	The following table sets forth the components of the Company’s intangible assets at December 31, 2014:
		Amortization Period (Years)			Cost		Accumulated Amortization			Net Book Value
	Intangible assets subject to amortization:
	Customer relationships		4		$	1,515,000	$	(78,906	)	$	1,436,094
	Distribution and license rights		5			955,000		(366,917	)		588,083
	Production backlog		0.5			400,000		(229,666	)		170,334
	Non-compete agreements		3			265,000		(58,889	)		206,111
	Technology		15			1,583,000		(250,642	)		1,332,358
	Subtotal					4,718,000		(985,020	)		3,732,980
	Intangible assets not subject to amortization:
	Trade names		—			4,244,000		—			4,244,000
	Total				$	8,962,000	$	(985,020	)	$	7,976,980

9_DEBT_Tables

9. DEBT (Tables)	3 Months Ended
	Mar. 31, 2015
Senior, Secured Promissory Notes [Member]
Debt	The following table sets forth the components of the Company’s promissory notes at March 31, 2015 and December 31, 2014:
		March 31,			December 31,
		2015			2014
	Promissory notes	$	3,230,355		$	4,330,355
	Loan discounts		(62,859	)		(88,518	)
	Total promissory notes, net		3,167,496			4,241,837
	Less: Current portion of convertible debentures, net		1,155,355			2,243,358
	Noncurrent portion of convertible debentures net	$	2,012,141		$	1,998,479
Unsecured, Convertible Debentures [Member]
Debt	The following table sets forth the components of the Company’s convertible debentures at March 31, 2015 and December 31, 2014:
		March 31,			December 31,
		2015			2014
	7% Convertible debentures	$	200,000		$	200,000
	9% Convertible debentures		3,610,000			3,210,000
	Loan discounts		(258,402	)		(410,334	)
	Total convertible debentures, net		3,551,598			2,999,666
	Less: Current portion of convertible debentures, net		1,360,000			50,000
	Noncurrent portion of convertible debentures net	$	2,191,598		$	2,949,666

10_STOCKHOLDERS_EQUITY_Tables

10. STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Outstanding and exercisable warrants	The following table reflects all outstanding and exercisable warrants at March 31, 2015:
		Number of			Weighted Average		Average Remaining
		Warrants			Exercise Price		Contractual
		Outstanding					Life (Years)
	Balance, January 1, 2015		796,000		$	4.73		0.57
	Warrants issued		480,361		$	5.42		—
	Warrants exercised		(225,500	)	$	—		—
	Warrants expired		—		$	—		—
	Balance March 31, 2015		1,050,861		$	5.19		0.68

2_SUMMARY_OF_SIGNIFICANT_ACCOU3

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Mar. 31, 2015
Level 1
Earnout liability
Level 2
Earnout liability
Level 3
Earnout liability	$641,000

2_SUMMARY_OF_SIGNIFICANT_ACCOU4

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015
Summary Of Significant Accounting Policies Details
Fair value, January 1, 2015	$3,326,000
Fair value of contingent consideration issued during the period
Change in fair value	-2,685,000
Fair value, March 31, 2015	$641,000

2_SUMMARY_OF_SIGNIFICANT_ACCOU5

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Summary Of Significant Accounting Policies Details Narrative
Revenue from rebates from utilities	$133,811	$333,651
Adjustments to rebates from utilities	$5,608	$12,028

3_ACCOUNTS_RECEIVABLE_NET_Deta

3. ACCOUNTS RECEIVABLE, NET (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts Receivable Net Details
Accounts and contracts receivable	$2,557,167	$3,755,498
Retainage	853,048	894,892
Allowance for doubtful accounts	-76,375	-97,708
Total accounts receivable, net	3,333,840	4,552,682
Less: Noncurrent portion of accounts receivable, net	-23,423	-33,093
Current portion of accounts receivable, net	$3,310,417	$4,519,589

3_ACCOUNTS_RECEIVABLE_NET_Deta1

3. ACCOUNTS RECEIVABLE, NET (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accounts Receivable [Member] | Customer Three [Member]
Concentrations risk percentage	46.10%
Accounts Receivable [Member] | Customer One [Member]
Concentrations risk percentage		19.60%
Revenue [Member] | Customer Three [Member]
Concentrations risk percentage	54.70%
Revenue [Member] | Customer Two [Member]
Concentrations risk percentage		25.10%
Costa Rica [Member]
Sales	25,010
Successor
Provision for bad debts	9,299
Interest income from deferred payment	1,298
Predecessor
Provision for bad debts		17,188
Interest income from deferred payment		3,385

4_PREPAID_EXPENSES_AND_OTHER_C2

4. PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Prepaid Expenses And Other Current Assets Details
Advance payments to employees and representatives	$11,604	$41,110
Advance payments to suppliers		47,946
Other prepaid expenses and current assets	77,976	55,310
Payments on letter of intent to acquire a business		279,500
Prepaid income taxes and other tax receivables	66,706	20,476
Prepaid insurance and surety bonds	128,874	43,054
Total	$285,160	$487,396

5_PROPERTY_AND_EQUIPMENT_Detai

5. PROPERTY AND EQUIPMENT (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Cost	$186,313	$183,728
Accumulated Depreciation	-26,054	-15,897
Net Book Value	160,259	167,831
Computers and equipment [Member]
Cost	51,167	48,767
Accumulated Depreciation	-12,873	-8,556
Net Book Value	38,334	40,211
Furniture and fixtures [Member]
Cost	22,769	22,584
Accumulated Depreciation	-3,657	-3,241
Net Book Value	19,112	19,343
Leasehold improvements [Member]
Cost	18,471	18,471
Accumulated Depreciation	-908	-638
Net Book Value	17,563	17,833
Vehicles [Member]
Cost	55,465	55,465
Accumulated Depreciation	-8,656	-3,462
Net Book Value	46,809	52,003
Construction in progress [Member]
Cost	38,441	38,441
Accumulated Depreciation
Net Book Value	$38,441	$38,441

5_PROPERTY_AND_EQUIPMENT_Detai1

5. PROPERTY AND EQUIPMENT (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Successor
Depreciation expense	$11,125
Predecessor
Depreciation expense		$2,521

6_BUSINESS_DIVESTITURE_Details

6. BUSINESS DIVESTITURE (Details) (Successor, USD $)	3 Months Ended
	Mar. 31, 2015
Sales	$2,852,857
Cost of goods sold	2,106,414
Gross margin	746,443
Operating expenses:
Depreciation and amortization	344,138
Selling and marketing	167,863
General and administrative	1,436,313
Professional fees	256,858
Total operating expenses	11,361,362
Loss from operations	-10,614,919
Other income (expense)
Loss before income taxes	-9,275,600
Income tax benefit	-431,244
Net loss	-8,844,356
ORC Bussines [Member]
Sales
Cost of goods sold
Gross margin
Operating expenses:
Depreciation and amortization	17,589
Selling and marketing	752
General and administrative	-2,816
Professional fees	4,340
Total operating expenses	19,865
Loss from operations	-19,865
Other income (expense)
Interest expense, net	8
Total other income	8
Loss before income taxes	-19,857
Income tax benefit	-7,006
Net loss	($12,851)

7_GOODWILL_AND_INTANGIBLE_ASSE2

7. GOODWILL AND INTANGIBLE ASSETS, NET (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Goodwill And Intangible Assets Net Details
Goodwill	$12,388,431
Impairment charge	-6,993,784
Goodwill	$5,394,647

7_GOODWILL_AND_INTANGIBLE_ASSE3

7. GOODWILL AND INTANGIBLE ASSETS, NET (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Intangible assets not subject to amortization:
Total	4,446,291	7,976,980
Cost
Intangible assets subject to amortization:
Customer relationships	1,515,000	1,515,000
Distribution and license rights	1,234,500	955,000
Production backlog	132,333	400,000
Non-compete agreements	265,000	265,000
Technology		1,583,000
Subtotal	3,146,833	4,718,000
Intangible assets not subject to amortization:
Trade names	4,244,000	4,244,000
Total	7,390,833	8,962,000
Accumulated Amortization
Intangible assets subject to amortization:
Customer relationships	-1,313,000	-78,906
Distribution and license rights	-419,570	-366,917
Production backlog	-108,000	-229,666
Non-compete agreements	-80,972	-58,889
Technology		-250,642
Subtotal	-1,921,542	-985,020
Intangible assets not subject to amortization:
Trade names	-1,023,000
Total	-2,944,542	-985,020
Net Book Value
Intangible assets subject to amortization:
Customer relationships	202,000	1,436,094
Distribution and license rights	814,930	588,083
Production backlog	24,333	170,334
Non-compete agreements	184,028	206,111
Technology		1,332,358
Subtotal	1,225,291	3,732,980
Intangible assets not subject to amortization:
Trade names	3,221,000	4,244,000
Total	4,446,291	7,976,980
Customer Relationships [Member]
Intangible assets not subject to amortization:
Amortization period	4 years	4 years
Distribution and license rights [Member]
Intangible assets not subject to amortization:
Amortization period	5 years	5 years
Production backlog [Member]
Intangible assets not subject to amortization:
Amortization period	6 months	6 months
Non-compete agreements [Member]
Intangible assets not subject to amortization:
Amortization period	3 years	3 years
Technology [Member]
Intangible assets not subject to amortization:
Amortization period		15 years
Trade names [Member]
Intangible assets not subject to amortization:
Amortization period	0 years	0 years

7_GOODWILL_AND_INTANGIBLE_ASSE4

7. GOODWILL AND INTANGIBLE ASSETS, NET (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for intangible assets	$333,013
License payments to Noveda		142,500
License payments to Noveda in restricted common shares		25,000
License payments to Noveda in restricted common shares value		137,000
Payments in full satisfaction	279,500
Impairment charges of intangible assets	$2,162,406

8_RELATED_PARTY_PAYABLES_Detai

8. RELATED PARTY PAYABLES (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Outstanding balance	$487,500
Acquisition of ESCO Energy Services [Member]
Loan proceeds from chief executive officer		507,500
Exception loan proceeds amount		$32,500

9_DEBT_Details

9. DEBT (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Details
7% Convertible debentures	$200,000	$200,000
9% Convertible debentures	3,610,000	3,210,000
Loan discounts	-258,402	-410,334
Total convertible debentures, net	3,551,598	2,999,666
Less: Current portion of convertible debentures, net	1,360,000	50,000
Noncurrent portion of convertible debentures net	$2,191,598	$2,949,666

9_DEBT_Details_1

9. DEBT (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Senior, Secured Promissory Notes
Promissory notes	$3,230,355	$4,330,355
Loan discounts	-62,859	-88,518
Total promissory notes, net	3,167,496	4,241,837
Less: Current portion of convertible debentures, net	1,155,355	2,243,358
Noncurrent portion of convertible debentures net	$2,012,141	$1,998,479

9_DEBT_Details_Narative

9. DEBT (Details Narative) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Gross proceeds from unsecured, convertible debentures		$900,000
Underlying common stock to convertible debentures	687,208
Debt discount of beneficial conversion features	258,402	410,334
Amortization expense	62,809
Repayment of second note	155,355
Common stock purchase warrants in lieu of cash	1,000,000
Common stock purchase warrants in lieu of cash, shares	181,818
Loans payable outstanding	6,338
Outstanding balances	19,813
Debt paid within the next twelve months	12,304
On April 25, 2014 [Member]
Interest expense debt	11,998
On October 17, 2014 [Member]
Interest expense debt	13,661
Remaining discount balance	$62,859

10_STOCKHOLDERS_EQUITY_Details

10. STOCKHOLDERS' EQUITY (Details) (Warrant [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Warrant [Member]
Warrants outstanding, beginning	796,000
Warrants issued	480,361
Warrants exercised	-225,500
Warrants expired
Warrants outstanding, ending	1,050,961
Warrants outstanding weighted average exercise price, beginning	$4.73
Warrants issued weighted average exercise price	$5.42
Warrants exercised weighted average exercise price
Warrants expired weighted average exercise price
Warrants outstanding weighted average exercise price, ending	$5.19
Warrants outstanding remaining contractual life beginning	6 months 25 days
Warrants outstanding remaining contractual life ending	8 months 5 days

10_STOCKHOLDERS_EQUITY_Details1

10. STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value	$0.00	$0.00
Preferred stock, authorized shares	12,500,000	12,500,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$0.00	$0.00
Common stock, authorized shares	37,500,000	37,500,000
Common stock, issued shares	19,933,691	19,200,005
Common stock held in treasury, shares	1,717,448	1,462,097
Common stock held in treasury, at cost	$1,935,423	$1,166,071
Proceeds from private placements	1,604,510
Proceeds from private placements, shares	298,543
Shares issuance costs	141,700
Common stock issued in exchange of service	12,880
Common stock issued in exchange of service, shares	2,000
Common stock purchase warrants in lieu of cash	1,000,000
Common stock purchase warrants in lieu of cash, shares	181,818
Successor
Shares issuance costs	101,500
Common stock issued for gross proceeds	$225,500
Common stock issued for gross proceeds, value	1,015,000
Warrant [Member] | Minimum [Member]
Remaining contractual life of the warrants	7 days
Warrant [Member] | Maximum [Member]
Remaining contractual life of the warrants	1 year