VIE Structure and Arrangements (Tables)

6 Months Ended

Jun. 30, 2017

Vie Structure And Arrangements [Abstract]

Schedule of consolidated financial statements

	June 30,		December 31,
	2017		2016
ASSETS
Current assets:
Cash	$	8,416	$	1,519,125
Accounts receivable, net		-		1,260,529
Prepaid expenses		2,596		30,455
Other current assets		1,475		191,427
Intercompany receivables due from the Company's subsidiaries(i)		2,733,143		150,725
Total current assets		2,745,630		3,152,261
Property and equipment, net		-		196,677
Intangible assets, net		-		2,570
Long term investments		3,584,639		3,654,664
Other non-current assets		-		442,782
Total assets	$	6,330,269	$	7,448,954

LIABILITIES
Current liabilities:
Accounts payable	$	-	$	5,817
Deferred revenue		-		824,563
Accrued expenses		1,943		268,074
Other current liabilities		40		394,314
Accrued license content fees		-		1,236,661
Intercompany payables due to the Company's subsidiaries(i)		4,069,514		14,752,338
Total current liabilities		4,071,497		17,481,767
Total liabilities	$	4,071,497	$	17,481,767

	Six Months Ended
	June 30,		June 30,
	2017		2016
Revenue	$	794,273	$	2,750,190
Net income (loss)	$	132,231	$	(671,644	)

	Six Months Ended
	June 30,			June 30,
	2017			2016
Net cash used in operating activities	$	(1,558,586	)	$	(730,019	)
Net cash used in investing activities	$	(141,639	)	$	(2,165,477	)
Net cash provided by financing activities(i)	$	189,515		$	2,630,642

(i) Intercompany receivables and payables are eliminated upon consolidation. The intercompany financing activities include the capital injection of $0.2 million to Sinotop Beijing in the six months period ended June 30, 2017.