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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 38,304,364 $ 105,093,178
Term deposits 25,121,350 16,907,346
Available-for-sale securities 64,755,514 20,013,487
Held-to-maturity securities 26,746,643 24,358,555
Accounts receivables, net of allowance of $316,966 and $684,929 as of December 31, 2014 and 2015 24,484,916 30,244,289
Prepaid expenses and other current assets 24,895,555 $ 19,069,904
Loans to third parties 14,685,980
Loans to related party 32,850,989
Amount due from related party 285,003
Restricted cash 58,466,799 $ 53,375,960
Total current assets 310,597,113 269,062,719
Rental deposits 1,397,233 1,444,524
Property and equipment, net 4,653,874 $ 5,659,191
Long-term investments 4,772,809
Goodwill 84,769,989 $ 90,019,108
Acquired intangible assets, net $ 12,515,609 55,509,804
Restricted cash 10,885,357
Total assets $ 418,706,627 432,580,703
Current liabilities    
Accounts payable (including accounts payable of the consolidated variable interest entities ("VIEs") without recourse to the Company of $31,546,430 and $28,062,583 as of December 31, 2014 and 2015, respectively) 28,074,663 31,599,317
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Company of $13,469,803 and $14,946,594 as of December 31, 2014 and 2015, respectively) 16,024,243 16,580,351
Short-term bank loans (including short-term bank loans of the consolidated VIEs without recourse to the Company of $nil and $nil as of December 31, 2014 and 2015, respectively) 49,962,510 42,428,890
Deferred revenue (including deferred revenue of the consolidated VIEs without recourse to the Company of $4,622,404 and $7,887,744 as of December 31, 2014 and 2015, respectively) 7,917,350 4,652,010
Income tax payable (including income tax payable of the consolidated VIEs without recourse to the Company of $1,223,526 and $195,846 as of December 31, 2014 and 2015, respectively) 4,966,845 5,529,899
Total current liabilities $ 106,945,611 $ 100,790,467
Commitments and contingencies (Note 26)
Long-term liabilities (including long-term liabilities of the consolidated VIEs without recourse to the Company of $9,860,000 and $nil as of December 31, 2014 and 2015, respectively) $ 9,860,000
Total liabilities $ 106,945,611 110,650,467
Ordinary shares ($0.0000005 par value; 1,000,000,000,000 shares authorized, 1,882,073,063 and 1,884,133,063 shares issued and outstanding as of December 31, 2014 and 2015, respectively) 943 942
Additional paid-in capital 166,874,541 162,687,212
Warrants 3,346,000 5,548,000
Accumulated other comprehensive income 61,603,388 57,531,228
Statutory reserves 11,467,537 11,467,537
Retained earnings 68,468,607 84,695,317
Total shareholders' equity 311,761,016 321,930,236
Total liabilities and shareholders' equity $ 418,706,627 $ 432,580,703