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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 3,163,470 $ 3,761,814
Accounts receivable, net 41,967,360 9,522,151
Licensed content, current 883,015 124,319
Notes receivable 1,749,830
Inventory 216,453 203,697
Prepaid expenses 534,573 375,944
Other current assets 4,318,995 3,581,822
Total current assets 51,083,866 19,319,577
Property and equipment, net 117,389 4,963,725
Licensed content, non-current 16,075,134 17,593,528
Intangible assets, net 331,564 453,242
Goodwill 6,648,911
Long term investments 6,664,547 6,654,664
Other non-current assets 1,239 112,643
Total assets 74,273,739 55,746,290
Current liabilities: (including amounts of the consolidated VIEs without recourse to Seven Stars Cloud Group, Inc. See note 3)    
Accounts payable 42,536,415 13,341,680
Advance from customers 720,073 1,350,054
Accrued interest due to a related party 617,605 557,918
Accrued other expenses 327,958 708,987
Accrued salaries 760,848 766,957
Payable for purchase of building 987,015
Amount due to related parties 106,813 1,060,817
Other current liabilities 151,019 934,480
Accrued license content fees 1,236,661
Convertible promissory note due to a related party 3,000,000 3,000,000
Warrant liabilities 137,587 70,785
Total current liabilities 48,358,318 24,015,354
Total liabilities 48,358,318 24,015,354
Commitments and contingencies (Note 17)
Convertible redeemable preferred stock: Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of June 30, 2017 and December 31, 2016, respectively 1,261,995 1,261,995
Equity:    
Series E Preferred Stock - $0.001 par value; 16,500,000 shares authorized, Nil and 7,154,997 shares issued and outstanding, liquidation preference of Nil and $12,521,245 as of June 30, 2017 and December 31, 2016, respectively 7,155
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 61,964,057 and 53,918,523 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 61,963 53,918
Additional paid-in capital 144,952,445 152,755,919
Accumulated deficit (117,477,132) (115,669,268)
Accumulated other comprehensive loss (841,255) (1,353,302)
Total Seven Stars Cloud shareholders' equity 26,696,021 35,794,422
Non-controlling interest (2,042,595) (5,325,481)
Total equity 24,653,426 30,468,941
Total liabilities, convertible redeemable preferred stock and equity $ 74,273,739 $ 55,746,290