Segment Reporting

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Segment Reporting

20. Segment Reporting

The Company’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. In fiscal year 2016, the Company operated and reported its performance in one segment. However, starting from fiscal year 2017, since Company has acquired Wecast Services Limited and Wide Angle Group Limited in January (see note 4), the Company has operated two segments based on different clouds that major business reside in, including Legacy YOD segment and Wecast Service segment. Therefore, there are two reportable segments for the six months ended June 30, 2017. The two reportable segments are: 

Legacy YOD - Provides premium content and integrated value-added service solutions for the delivery of VOD and paid video programming to digital cable providers, Internet Protocol Television (“IPTV”) providers. The core revenues are being generated from both minimum guarantee payments and revenue sharing arrangements with distribution partners as well as subscription or transactional fees from subscribers.

Wecast Service - Wecast Services (which resides under the Product Sales Cloud) is currently primarily engaged with consumer electronics e-commerce and smart supply chain management operations.

Segment disclosures are on a performance basis consistent with internal management reporting. The Company does not allocate expenses below segment gross profit since these segments share the same executive team, office space, occupancy expenses, information technology infrastructures, human resources and finance department. The following tables summarized the Company’s revenue and cost generated from different revenue streams.

	Six Months Ended
	June 30,			June 30,
	2017			2016
NET SALES TO EXTERNAL CUSTOMERS
-Legacy YOD	$	794,273		$	2,750,190
-Wecast Service		75,694,517			-
Net sales		76,488,790			2,750,190
GROSS PROFIT
-Legacy YOD		31,659			1,034,011
-Wecast Service		3,842,029			-
Gross profit		3,873,688			1,034,011
	June 30,			December 31,
	2017			2016
TOTAL ASSETS
-Legacy YOD	$	23,781,011		$	36,975,911
-Wecast Service		46,426,638			14,448,702
-Unallocated assets		4,386,182			4,321,677
-Intersegment elimination		(320,092	)		-
Total		74,273,739			55,746,290