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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (2,078,979) $ (3,880,489)
Adjustments to reconcile net loss to net cash used in operating activities    
Share-based compensation expense 147,652 211,840
Provision for doubtful accounts 103,043
Depreciation and amortization 257,153 220,806
Income tax benefit (17,224)
Equity in loss of equity method investees 76,836 37,349
Loss on disposal of assets 679,091
Change in fair value of warrant liabilities 243,999 (143,606)
Foreign currency exchange losses (153,334)
Impairment of intangible assets 63,621
Amortization of debt issuance costs 122,696
Change in assets and liabilities:    
Accounts receivable (33,765,572) (1,405,355)
Licensed content 759,698 (143,000)
Prepaid expenses and other assets 3,713,053 (116,540)
Accounts payable 29,200,687 605,466
Accrued expenses, salary and other current liabilities (209,478) (6,084)
Deferred revenue (626,396) (13,848)
Accrued license content fees 584,580
Net cash used in operating activities (1,435,592) (4,096,743)
Cash flows from investing activities:    
Acquisition of property and equipment (38,326) (2,070,672)
Proceeds from disposal of property and equipment 743
Disposal of Zhong Hai Shi Xun, net of cash disposed (115,060)
Cash paid for the acquisition of SVG (693,187)
Investments in intangibles (2,163,872)
Investment in long term investments (3,000,000)
Net cash used in investing activities (845,830) (7,234,544)
Cash flows from financing activities    
Proceeds from private placement 1,866,301
Repayment of amounts due to related parties (215,951)
Proceeds from issuance of warrant and shares 10,000,000
Net cash provided by financing activities 1,650,350 10,000,000
Effect of exchange rate changes on cash 32,728 (33,849)
Net increase (decrease) in cash (598,344) (1,365,136)
Cash at beginning of period 3,761,814 3,768,897
Cash at end of period 3,163,470 2,403,761
Supplemental Cash Flow Information:    
Exchange of Series E Preferred Stock for common stock 7,155 100
Issuance of convertible note for licensed content (Note 12) 17,717,847
Issuance of shares for the settlement of liability 75,000
Issuance of shares upon conversion of convertible note, including accrued interest and debt issuance cost 17,733,297
Acquisition of long term investment through transfer of Game IP rights 2,714,441
Payable for Game IP rights acquired 603,209
Payable for workforce acquired $ 131,358