UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2017		Mar. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ 1,638,467		$ (2,274,040)
Adjustments to reconcile net loss to net cash used in operating activities
Share-based compensation expense	71,428		138,770
Depreciation and amortization	196,211		97,463
Income tax benefit			(8,612)
Equity in loss of equity method investees	43,746		10,348
Loss on disposal of assets	40,139
Change in fair value of warrant liabilities	270,116		(37,023)
Foreign currency exchange losses			10,590
Change in assets and liabilities:
Accounts receivable	(19,674,440)		(1,153,595)
Licensed content	1,518,394		263,913
Prepaid expenses and other assets	(1,932,566)		140,391
Accounts payable	13,890,107		237
Accrued expenses, salary and other current liabilities	(881,051)		691,914
Amount due to related parties	2,173,891
Deferred revenue	(740,588)		(15,080)
Accrued license content fees			402,508
Net cash used in operating activities	(3,386,146)		(1,732,216)
Cash flows from investing activities:
Acquisition of and deposit for property and equipment	(5,473)
Net cash used in investing activities	(5,473)
Cash flows from financing activities
Proceeds from issuance of warrant and shares	8,745		10,000,000
Net cash provided by financing activities	8,745		10,000,000
Effect of exchange rate changes on cash	675,202		(1,361)
Net increase (decrease) in cash	(2,707,672)		8,266,423
Cash at beginning of period	3,761,814	[1]	3,768,897
Cash at end of period	1,054,142		12,035,320
Supplemental Cash Flow Information:
Issuance of convertible note for licensed content (Note 12)			17,717,847
Payable for purchase of building	992,000
Issuance of shares for the settlement of liability			$ 75,000

[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")