Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies [Abstract]

17.	Commitments and Contingencies

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 June 30, 2012, the Company's potential minimum cash obligation to these employees was approximately $933,000.

The Company is committed to paying leased property costs related to our China offices through 2015 as follows:

Years ending December 31,	Leased Property Costs
2012 (six months)	$	177,692
2013		338,002
2014		57,013
2015		19,004
Total	$	591,711

The Company is committed to paying product related costs through 2015 as follows:

Years ending December 31,	Product Related Costs
2012 (six months)	$	203,597
2013		978,389
2014		1,514,778
2015		926,778
Total	$	3,807,264

According to the purchase agreement with "Shandong Fu Ren", Zhong Hai Video was obligated to pay RMB 1,000,000 (USD 157,270) to acquire 51% ownership of Shanghai Tianduo, of which RMB 700,000 (USD 110,859) remains.

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.