VIE Structure and Arrangements (Tables)

9 Months Ended

Sep. 30, 2015

Statement of Financial Position [Table Text Block]

		September 30,		December 31,
		2015		2014
ASSETS
Current assets:
Cash and cash equivalents	$	74,541	$	506,525
Accounts receivable, net		2,578,745		1,091,076
Licensed content, current		969,250		1,041,609
Prepaid expenses		76,498		105,918
Other current assets		29,299		12,811
Intercompany receivables due from the Company's subsidiaries (i)		125,178		572,192
Total current assets		3,853,511		3,330,131
Property and equipment, net		191,134		297,898
Licensed content, non-current		27,118		35,648
Intangible assets, net		284,535		5,291
Long-term equity investments		688,672		850,054
Other non-current assets		187,508		272,657
Total assets	$	5,232,478	$	4,791,679
LIABILITIES
Current liabilities:
Accounts payable	$	9,229	$	8,598
Deferred revenue		217,991		13,431
Accrued expenses and other liabilities		998,930		573,620
Accrued license fees		746,071		348,007
Intercompany payables due to the Company's subsidiaries (i)		12,443,690		11,200,536
Total current liabilities		14,415,911		12,144,192
Total liabilities	$	14,415,911	$	12,144,192

Statement of Operation [Table Text Block]

		Nine Months Ended
		September 30,			September 30,
		2015			2014
Revenue	$	2,983,741		$	965,268
Net loss	$	(2,030,575	)	$	(3,548,767	)

Statement of Cash Flow [Table Text Block]

		Nine Months Ended
		September 30,			September 30,
		2015			2014
Net cash used in operating activities	$	(352,169	)	$	(2,074,850	)
Net cash used in investing activities	$	(79,815	)	$	(276,460	)
Net cash provided by financing activities	$	-		$	-