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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Schedule of Assets of VIE Subsidiaries

 

 

December 31, 2012

 

December 31, 2013

 

 

 

 

 

 

 

Cash and cash equivalents

 

1,617,258

 

252,925

 

Accounts receivable

 

13,289

 

36,117

 

Amounts due from related parties

 

4,399,037

 

6,380,630

 

Property and equipment

 

421,571

 

1,036

 

Deposits and other non-current assets

 

291,102

 

311,773

 

Total assets

 

6,742,257

 

6,982,481

 

Schedule of Liabilities of VIE Subsidiaries

 

 

December 31, 2012

 

December 31, 2013

 

 

 

 

 

 

 

Accounts payable

 

2,414,219

 

3,618,573

 

Amounts due to related parties

 

23,290,628

 

20,740,356

 

Accrued expenses and other current liabilities

 

3,133,510

 

6,443,737

 

Other payables due to related parties

 

17,083,882

 

11,488,373

 

Total liabilities

 

45,922,239

 

42,291,039

 

Schedule of Summarized Operations of VIEs

 

 

Year ended
December 31, 2011

 

Year ended
December 31, 2012

 

Year ended
December 31, 2013

 

 

 

 

 

 

 

 

 

Net revenue

 

18,744,535

 

13,956,477

 

14,483,007

 

Net profit (loss)

 

(25,011,099

)

(1,331,497

)

4,746,859

 

Schedule of Summary of Estimated Useful Life of Property and Equipment

Furniture and office equipment

 

3 years

Telecommunications equipment

 

3 years

Leasehold improvements

 

Lesser of original lease term or estimated useful life

Schedule of Summary of Estimated Useful Economic Life of Acquired Intangible Assets

Trademark

 

20 years

Technology

 

7 years