VIE Structure and Arrangements (Tables)

3 Months Ended

Mar. 31, 2017

Vie Structure And Arrangements [Abstract]

Schedule of consolidated financial statements

	March 31,		December 31,
	2017		2016
ASSETS
Current assets:
Cash	$	385,911	$	1,519,125
Accounts receivable, net		1,186,291		1,260,529
Prepaid expenses		62,881		30,455
Other current assets		1,798,108		191,427
Intercompany receivables due from the Company's subsidiaries(i)		896,512		150,725
Total current assets		4,329,703		3,152,261
Property and equipment, net		206,106		196,677
Intangible assets, net		2,312		2,570
Long term investments		4,984,167		3,654,664
Other non-current assets		57,846		442,782
Total assets	$	9,580,134	$	7,448,954
LIABILITIES
Current liabilities:
Accounts payable	$	1,191,076	$	5,817
Deferred revenue		3,522		824,563
Accrued expenses		248,226		268,074
Other current liabilities		413,327		394,314
Accrued license content fees		1,189,453		1,236,661
Intercompany payables due to the Company's subsidiaries(i)		14,793,082		14,752,338
Total current liabilities		17,838,686		17,481,767
Total liabilities	$	17,838,686	$	17,481,767

	Three Months Ended
	March 31,		March 31,
	2017		2016
Revenue	$	787,328	$	1,269,726
Net income (loss)	$	258,760	$	(479,887	)

	Three Months Ended
	March 31,		March 31,
	2017		2016
Net cash used in operating activities	$	(1,322,729)	$	(603,884	)
Net cash used in investing activities	$	-	$	-
Net cash provided by financing activities(i)	$	189,515	$	21,855

(i) Intercompany receivables and payables are eliminated upon consolidation. The intercompany financing activities include the capital injection of $0.29 million to Sinotop Beijing in the three months period ended March 31, 2017.