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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 14,572,376 $ (4,223,060) $ 5,459,665
Adjustments to reconcile net income to net cash used in operating activities      
Equity in gain of affiliated companies (3,062) (11,254) (172,773)
Changes in fair value of warrants     (119,451)
Changes in fair value of derivatives   14,528,000 (90,000)
Share-based compensation 3,647,144 447,345 132,902
Provision for bad debt 826,078 690  
Other income (285,714)    
Depreciation and amortization 2,711,958 1,074,059 143,001
Loss from disposal of property and equipment 191,705    
Amortization of distribution rights 2,331,266 3,233,192 4,335,053
Amortization of production costs 37,116,065 16,502,364 9,348,111
Changes in assets and liabilities:      
Accounts receivable (25,593,187) 4,861,044 (15,015,167)
Prepaid expenses and other current assets (13,991,376) (2,075,312) (2,730,647)
Distribution rights (3,643,433) 105,155 (6,034,348)
Production costs (40,367,979) (61,507,608) (25,461,588)
Inventory (47,732) 161  
Amount due from related parties 1,289,087 (5,572,960) (3,609,089)
Accounts payable 13,062,884 (3,339,904) 4,659,775
Deferred income 939,673    
Accrued expenses and other current liabilities 9,773,047 (388,702) 3,484,597
Amount due to related parties (674,011) 4,255,386 48,399
Income taxes payable 396,418 (723,163) 193,977
Deferred income taxes (88,364) (65,296) (960)
Film participation liabilities 76,701 505,319 1,115,180
Net cash (used in) provided by operating activities 2,239,544 (32,394,544) (24,313,363)
Cash flows from investing activities:      
Acquisition of business, net of cash acquired of nil, US$2,221,266 and US$1,379,343 respectively (24,205,450) 1,778,462  
Purchase of property and equipment (9,722,708) (2,729,922) (61,277)
Deposits paid for acquisition of property and equipment (2,478,320)    
Prepayment for an investment (1,200,000)    
Purchase of cost method investment (62,909)    
Distribution from investment in affiliates     87,873
Acquisition of noncontrolling interests of Baichuan   (762,098)  
Loan to a producer of TV series 386,835 (1,168,683)  
Amounts loaned to third parties 2,571,208 (3,878,796) (642,882)
Amounts loaned to related parties (4,010,439) (1,668,081)  
Term deposit (6,038,107)    
Restricted cash (4,066,162)    
Net cash used in investing activities (48,826,052) (8,429,118) (616,286)
Cash flows from financing activities:      
Proceeds from IPO   92,804,700  
Payment of issuance cost in connection with IPO (350,000) (1,989,843)  
Proceeds from exercise of options 172,324 2,000,000  
Proceeds from issuance of Series B convertible preferred shares   4,999,886 8,953,684
Repurchase of shares     (3,500,000)
Amount due to related parties and third parties (6,690,382) 3,237,497 1,524,766
Proceeds from bank borrowing 12,302,434 22,303,808 6,587,615
Payments of bank borrowing (22,566,691) (8,113,214)  
Proceeds from film participation 3,998,964 10,772,250 8,622,547
Payments of film participation liabilities principal (4,849,323) (4,354,761) (309,506)
Proceeds from other borrowings 1,572,723 1,342,799 5,855,658
Payments of other borrowings (1,231,034) (5,942,595)  
Capital contribution by a noncontrolling shareholder   364,421  
Net cash provided by (used in) financing activities (17,640,985) 117,424,948 27,734,764
Effect of foreign exchange rate changes 86,858 228,485 (158,799)
Net (decrease) increase in cash (64,140,635) 76,829,771 2,646,316
Cash, beginning of year 84,247,984 7,418,213 4,771,897
Cash, end of year 20,107,349 84,247,984 7,418,213
Supplement disclosure of cash flow information      
Income taxes paid 196,565 858,322 129,080
Interests paid 1,502,957 999,247 191,868
Film participation expenses paid 244,399 190,782 129,668
Supplement disclosure of non-cash investing activities:      
Ordinary shares issued in connection with business acquisition (Note 3(a))   26,123,194  
Cash consideration for business acquisition settled as an offset against the amount due from Mr. Dong Yu (Note 3(a) & (d)) 3,064,993 5,337,243  
Outstanding consideration payable for business acquisition (Note 3(d)) 2,383,260    
Payable for purchase of property and equipment $ 5,668,211 $ 1,792,983