Commitments and Contingencies

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies [Text Block]

16.	Commitments and Contingencies
	Severance Commitment
	The Company has employment agreements with certain employees that provide severance payments upon termination of employment under certain circumstances, as defined in the applicable agreements. As of September 30, 2014, the Company's potential minimum cash obligation to these employees was approximately $1,812,000.
	Operating Lease Commitment
	The Company is committed to paying leased property costs related to our offices in New York and China through 2017 as follows:

		Leased
		Property
Years ending December 31,		Costs
2014 (3 months)	$	253,000
2015		822,000
2016		698,000
2017		58,000
Thereafter		-
Total	$	1,831,000

Licensed Content Commitment

The Company is committed to paying content costs through 2016 as follows:

		Content
Years ending December 31,		Costs
2014 (3 months)	$	413,000
2015		2,857,000
2016		2,655,000
Thereafter		-
Total	$	5,925,000

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.