Segment Reporting

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

20. Segment Reporting

The Company’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. In fiscal year 2016, the Company operated and reported its performance in one segment. However, starting from fiscal year 2017, since Company has acquired Wecast Services Limited and Wide Angle Group Limited in January (see note 4), the Company has operated two segments based on different clouds that major business reside in, including Legacy YOD segement and Wecast Service segment. Therefore, there are two reportable segments for the three months ended March 31, 2017. The two reportable segments are: 

Legacy YOD - Provides premium content and integrated value-added service solutions for the delivery of VOD and paid video programming to digital cable providers, Internet Protocol Television (“IPTV”) providers. The core revenues are being generated from both minimum guarantee payments and revenue sharing arrangements with distribution partners as well as subscription or transactional fees from subscribers.

Wecast Service - Wecast Services (which resides under the Product Sales Cloud) is currently primarily engaged with consumer electronics e-commerce and smart supply chain management operations.

Segment disclosures are on a performance basis consistent with internal management reporting. The following tables summarized the Company’s revenue and cost generated from different revenue streams.

		Three Months Ended
		March 31,		March 31,
		2017		2016
NET SALES TO EXTERNAL CUSTOMERS
-Legacy YOD	$	787,328	$	1,269,726
-Wecast Service		32,377,023		-
Net sales		33,164,351		1,269,726
GROSS PROFIT
-Legacy YOD		27,493		353,946
-Wecast Service		3,794,479		-
Gross profit		3,821,972		353,946
		March 31,		December 31,
		2017		2016
TOTAL ASSETS
-Legacy YOD	$	35,955,219	$	36,975,911
-Wecast Service		33,714,959		14,448,702
-Unallocated assets		4,181,904		4,321,677
-Intersegment elimination		(203,033)		-
Total		73,649,049		55,746,290