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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2014
FAIR VALUE MEASUREMENTS  
Schedule of assets measured at fair value on a non-recurring basis

 

 

                                                                                                                                                                                    

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

 

 

Year Ended
December 31,
2013

 

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total Losses

 

 

 

 

 

USD

 

USD

 

USD

 

 

 

Acquired intangible assets—upfront licensing fees

 

$

—

 

$

—

 

$

—

 

$

—

 

$

1,046,173 

 

Investment in equity investees—Chuangyou

 

 

82,466 

 

 

—

 

 

—

 

 

82,466 

 

 

370,407 

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​  

​  

​

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,416,580 

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​  

​  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​  

​  

​  

 

                                                                                                                                                                                    

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

 

 

Year Ended
December 31,
2014

 

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total Losses

 

 

 

 

 

USD

 

USD

 

USD

 

 

 

Acquired intangible assets—upfront licensing fees

 

$

—

 

$

—

 

$

—

 

$

—

 

$

115,753 

 

Investment in equity investees—Voozclub

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,400,000 

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​  

​  

​

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,515,753 

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​  

​  

​

​

​

​

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​

​  

​  

​