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Intangible Assets (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Intangible Assets [Line Items]    
Total amortizing intangible assets, gross carrying amount $ 4,015,664 $ 4,015,664
Total amortizing intangible assets, accumulated amortization (1,716,812) (1,688,683)
Total amortizing intangible assets, impairment loss (2,018,622) (2,018,628)
Total amortizing intangible assets, net balance 280,224 308,353
Total intangible assets, gross carrying amount 4,160,553 4,160,553
Total intangible assets, accumulated amortization (1,716,811) (1,688,684)
Total intangible assets, impairment loss (2,018,628) (2,018,628)
Total intangible assets, net balance 425,113 453,242 [1]
Website name    
Intangible Assets [Line Items]    
Indefinite lived intangible assets, carrying amount 134,290 134,290
Total intangible assets, accumulated amortization  
Total intangible assets, impairment loss  
Total intangible assets, net balance 134,290 134,290
Patent    
Intangible Assets [Line Items]    
Indefinite lived intangible assets, carrying amount 10,599 10,599
Total intangible assets, accumulated amortization
Total intangible assets, impairment loss
Total intangible assets, net balance 10,599 10,599
Charter/ Cooperation agreements    
Intangible Assets [Line Items]    
Total amortizing intangible assets, gross carrying amount [2] 2,755,821 2,755,821
Total amortizing intangible assets, accumulated amortization [2] (909,257) (909,257)
Total amortizing intangible assets, impairment loss [2] (1,846,564) (1,846,564)
Total amortizing intangible assets, net balance [2]
Software and licenses    
Intangible Assets [Line Items]    
Total amortizing intangible assets, gross carrying amount 267,991 267,991
Total amortizing intangible assets, accumulated amortization (244,585) (241,932)
Total amortizing intangible assets, impairment loss
Total amortizing intangible assets, net balance 23,406 26,059
Patent And Trademark    
Intangible Assets [Line Items]    
Total amortizing intangible assets, gross carrying amount 92,965 92,965
Total amortizing intangible assets, accumulated amortization (39,943) (39,943)
Total amortizing intangible assets, impairment loss
Total amortizing intangible assets, net balance 53,022 53,022
Website and mobile app development    
Intangible Assets [Line Items]    
Total amortizing intangible assets, gross carrying amount [3] 593,193 593,193
Total amortizing intangible assets, accumulated amortization [3] (421,129) (421,129)
Total amortizing intangible assets, impairment loss [3] (172,064) (172,064)
Total amortizing intangible assets, net balance [3]
Workforce    
Intangible Assets [Line Items]    
Total amortizing intangible assets, gross carrying amount [4] 305,694 305,694
Total amortizing intangible assets, accumulated amortization [4] (101,898) (76,422)
Total amortizing intangible assets, impairment loss [4]
Total amortizing intangible assets, net balance [4] $ 203,796 $ 229,272
[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] During the fourth quarter of 2016, the Company determined that the Charter/Cooperation agreements will not serve the business or generate future cash flow. As no future cash flows will be generated from the Charter/Cooperation agreements, the Company estimated the fair value of the Charter/Cooperation agreements to be nil as of December 31, 2016. Fair value was determined using unobservable (Level 3) inputs. Impairment loss from Charter/Cooperation agreements of $1,846,000 was recognized in 2016 to write off the entire book value of the Charter/Cooperation agreements.
[3] Considering a new mobile app is being developed to be put into market in October, 2016, the Company determined that the future cash flows genereated from the old mobile app was nil. In accordance with ASC 350, Intangibles Goodwill and Other, recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. The Company estimated the fair value of this intangible asset to be nil as of March 31, 2017 and December 31, 2016. Fair value was determined using unobservable (Level 3) inputs. Impairment loss from mobile app development of $172,000 was recognized in 2016 to write off the entire book value of the old mobile app.
[4] On April 1, 2016, Wecast Network entered into an agreement with Mr. Liu Changsheng, under which Wecast Network agreed to pay Mr. Liu Changsheng cash consideration of $187,653 and 66,500 shares of restricted shares with a six month restriction period and a fair value of $121,695 in exchange for a workforce of 10 personnel experienced in programing content mobile apps. All 10 personnel enter into three year employment contracts with Wecast Network effective from April 1, 2016. The Company also acquired certain laptop and desktop computers with fair value of $3,655. According to the agreement, 30% of the cash consideration is due upon the signing of the agreement, 20% is due 2 months after the signing of the agreement and 50% is due 6 months after the signing of the agreement. Cash consideration of $93,825 has been paid as of March 31, 2017, and $93,828 was paid on October 31, 2016. If any of three key staff, as defined, terminated their employment with Wecast Network during the first 12 months of employment, Wecast Network has right to forfeit the unpaid cash consideration. In addition, Mr. Liu Changsheng would be required to pay a default penalty at minimal of $129,180. Wecast Network has accounted for the transaction as an asset acquisition in which Wecast Network mainly acquired a workforce, which is recognized as an intangible asset at cost. Subsequently, the workforce intangible is amortized over the employment term of three years. The Company recorded amortization expense related to our amortizing intangible assets of approximately $28,128 and $62,193 for the three months ended March 31, 2017 and March 31, 2016 respectively, which included the amortization expense of the workforce acquired as stated above.