UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016	[1]
Current assets:
Cash	$ 1,054,142	$ 3,761,814
Accounts receivable, net	29,196,591	9,522,151
Licensed content, current	883,015	124,319
Notes receivable	421,475	1,749,830
Inventory	217,383	203,697
Prepaid expenses	347,968	375,944
Other current assets	6,925,012	3,581,822
Total current assets	39,045,586	19,319,577
Property and equipment, net	4,760,976	4,963,725
Licensed content, non-current	16,075,134	17,593,528
Intangible assets, net	425,113	453,242
Goodwill	6,648,911	6,648,911
Long term investments	6,635,483	6,654,664
Other non-current assets	57,846	112,643
Total assets	73,649,049	55,746,290
Current liabilities: (including amounts of the consolidated VIEs without recourse to Wecast Network, Inc. See note 3)
Accounts payable	27,231,787	13,341,680
Deferred revenue	609,466	1,350,054
Accrued interest due to a related party	587,688	557,918
Accrued other expenses	1,415,774	708,987
Accrued salaries	807,952	766,957
Payable for purchase of building	992,000	987,015
Amount due to related parties	2,173,891
Other current liabilities	331,719	1,995,297
Accrued license content fees	1,189,453	1,236,661
Convertible promissory note due to a related party	3,000,000	3,000,000
Warrant liabilities	340,901	70,785
Total current liabilities	38,680,631	24,015,354
Total liabilities	38,680,631	24,015,354
Commitments and contingencies (Note 17)
Convertible redeemable preferred stock: Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of March 31, 2017 and December 31, 2016, respectively	1,261,995	1,261,995
Equity:
Series E Preferred Stock - $0.001 par value; 16,500,000 shares authorized, 1,216,904 and 7,154,997 shares issued and outstanding, liquidation preference of $2,129,586 and $12,521,245 as of March 31, 2017 and December 31, 2016, respectively	1,217	7,155
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 59,891,201 and 53,918,523 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	59,891	53,918
Additional paid-in capital	152,836,057	152,755,919
Accumulated deficit	(113,456,389)	(115,669,268)
Accumulated other comprehensive loss	(3,282)	(1,353,302)
Total Wecast Network shareholders' equity	39,437,494	35,794,422
Non-controlling interest	(5,731,071)	(5,325,481)
Total equity	33,706,423	30,468,941	[2]
Total liabilities, convertible redeemable preferred stock and equity	$ 73,649,049	$ 55,746,290

[1] The above consolidated balance sheets present the Wecast Services Limited and Wide Angle Group Limited acquired from BT Capital Global Limited ("BT") on January 30 and January 31, 2017, respectively as if they had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 805-50 (See Note 4 "Acquisition")

[2] The above consolidated statements of equity present the Wecast Services Limited and Wide Angle Group Limited acquired from BT Capital Global Limited on January 30 and January 31, 2017, respectively as if they had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 805-50 (See Note 4 "Acquisition")