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UNAUDITED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
[1]
Convertible redeemable preferred stock, shares issued 7,000,000 7,000,000
Convertible redeemable preferred stock, shares outstanding 7,000,000 7,000,000
Convertible redeemable preferred stock, liquidation and deemed liquidation preference $ 3,500,000 $ 3,500,000
Series E Preferred Stock, par value (in dollars per share) $ 0.001 $ 0.001
Series E Preferred Stock, shares authorized 16,500,000 16,500,000
Series E Preferred Stock, shares issued 1,216,904 7,154,997
Series E Preferred Stock, shares outstanding 1,216,904 7,154,997
Series E Preferred Stock, liquidation preference $ 2,129,586 $ 12,521,245
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 1,500,000,000 1,500,000,000
Common stock, shares issued 59,891,201 53,918,523
Common stock, shares outstanding 59,891,201 53,918,523
[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")