XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
UNAUDITED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 13,045,215 $ 3,822,889
Accounts receivable, net 636,684 175,211
Licensed content, current 1,000,928 428,322
Prepaid expenses 292,708 330,013
Debt issuance costs, net 0 128,879
Other current assets 9,066 48,928
Total current assets 14,984,601 4,934,242
Property and equipment, net 376,330 499,858
Licensed content, non-current 145,801 162,646
Intangible assets, net 2,386,419 2,621,527
Goodwill 6,105,478 6,105,478
Investment in unconsolidated entities 861,194 673,567
Other non-current assets 367,409 0
Total assets 25,227,232 14,997,318
Current liabilities:    
Accounts payable 173,613 656,545
Deferred revenue 142,144 68,969
Accrued expenses and other liabilities 1,745,126 1,075,944
Deferred license fees 1,205,427 1,200,764
Contingent purchase price consideration liability 0 578,744
Convertible promissory note 3,000,000 3,000,000
Warrant liabilities 619,660 1,344,440
Total current liabilities 6,885,970 7,925,406
Deferred income tax liability 41,560 125,809
Convertible promissory note 0 2,000,000
Total liabilities 6,927,530 10,051,215
Commitments and contingencies 0 0
Equity:    
Common stock, $0.001 par value; 1,500,000,000 shares authorized, 23,598,430 and 15,794,762 shares issued at September 30, 2014 and December 31, 2013, respectively 23,598 15,794
Additional paid-in capital 112,764,950 67,417,025
Accumulated deficit (92,293,390) (65,856,053)
Accumulated other comprehensive loss (1,381,701) (715,090)
Total YOU On Demand equity 19,121,017 861,676
Non-controlling interest (2,083,310) (1,397,322)
Total equity 17,037,707 (535,646)
Total liabilities, convertible redeemable preferred stock and equity 25,227,232 14,997,318
Series A - 7,000,000 shares issued and outstanding, liquidationpreference of $3,500,000 at September 30, 2014 and December 31, 2013, respectively [Member]
   
Convertible redeemable preferred stock:    
Convertible redeemable preferred stock 1,261,995 1,261,995
Series C - 0 and 87,500 shares issued and outstanding, liquidation preference of $0 and $350,000 at September 30, 2014 and December 31, 2013, respectively [Member]
   
Convertible redeemable preferred stock:    
Convertible redeemable preferred stock 0 219,754
Series D 4% - 0 and 2,285,714 shares issued and outstanding, liquidation preference of $0 and $4,000,000 at September 30, 2014 and December 31, 2013, respectively [Member]
   
Convertible redeemable preferred stock:    
Convertible redeemable preferred stock 0 4,000,000
Series E - $0.001 par value 16,500,000 shares authorized, 7,559,998 and 0 shares issued and outstanding, liquidation preference of $13,230,000 and $0 at September 30, 2014 and December 31, 2013, respectively [Member]
   
Equity:    
Preferred Stock $ 7,560 $ 0