XML 112 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2012
DISCONTINUED OPERATIONS [Abstract]  
Schedule of Summary of Major Financial Information for Discontinued Operations

 

 

August 31, 2010

 

Current assets:

 

 

 

Cash

 

24,948,577

 

Accounts receivable, net of allowance

 

5,402,738

 

Prepaid expenses and other current assets

 

2,610,863

 

 

 

32,962,178

 

Non-current assets:

 

 

 

Property and equipment, net

 

943,258

 

Intangible assets

 

766,847

 

Goodwill

 

1,998,821

 

Other non-current assets

 

300,532

 

 

 

4,009,458

 

Current liabilities:

 

 

 

Accounts payable

 

4,337,542

 

Accrued expenses and other current liabilities

 

7,034,894

 

 

 

11,372,436

 

Non-current liabilities:

 

 

 

Non-current deferred tax liabilities

 

186,528

 

Other non-current liabilities

 

12,322

 

 

 

198,850

 

 

 

 

 

Non-controlling interests:

 

1,717,533

 

 

 

 

Eight months ended
August 31, 2010

 

 

 

 

 

Total net revenues

 

14,844,408

 

Loss from operations

 

(3,460,316

)

Income tax benefit (expense)

 

25,584

 

Net loss

 

(3,382,438

)

 

 

 

 

Less: Net loss attributable to non-controlling interests

 

243,666

 

Net loss from discontinued operations, net of tax

 

(3,138,772

)

Gain from disposal of Huayi Music, net of tax

 

4,486,786

 

 

 

 

 

Total net income from discontinued operations, net of tax

 

1,348,014