10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Amendment No.1)

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2012

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission file number 000-30264

 NETWORK CN INC.

(Exact name of registrant as specified in its charter)

Delaware	90-0370486
(State or Other Jurisdiction of	(I.R.S. Employer
Incorporation or Organization)	Identification Number)

Room 2120 and 2122, Leighton Centre, 77 Leighton Road, Causeway Bay, Hong Kong

(Address of principal executive offices)

+ (852) 2833-2186

 (Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Exchange Act:  NONE

Securities registered pursuant to Section 12(g) of the Exchange Act:

Common Stock, $0.001 Par Value

(Title of Each Class)

Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes o    No þ

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o    No þ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o       No þ

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o        No þ

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Yes o        No þ

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o (Do not check if a smaller reporting company)	Smaller reporting company þ

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes o    No þ

As of June 30, 2012, the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold was approximately $4.8 million.

The number of shares outstanding of each of the issuer’s classes of common stock, as of May 10, 2013 is as follows:

Class of Securities	Shares Outstanding
Common Stock, $0.001 par value	105,419,467

Explanatory Note

This Amendment No. 1 to Form 10-K (this “Form 10-K/A”) amends the Annual Report on Form 10-K of Network CN Inc. (the “Company”) for the fiscal year ended December 31, 2012, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 10, 2013 (the “Original Report”). This Form 10-K/A is being filed to solely to furnish Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulations S-T. Exhibit 101 to this Report provides the condensed consolidated financial statements and related notes from the Form 10-K formatted in XBRL (eXtensible Business Reporting Language).

Unless otherwise indicated, this report speaks only as of the date that the Original Report was filed. No attempt has been made in this Form 10-K/A to update other disclosures presented in the Original Report. This Form 10-K/A does not reflect events occurring after the filing of the Original Report or modify or update those disclosures, including the exhibits to the Original Report affected by subsequent events, except that this Form 10-K/A includes as exhibits 31.1, 31.2, 32.1 and 32.2 new certifications by the Company’s Chief Executive Officer and Chief Financial Officer as required by Rule 12b-15.

PART IV

ITEM 15.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES

Exhibit No.	Description
31.1	Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31.2	Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

______

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NETWORK CN INC
	By:	/s/ Earnest Leung
	Earnest Leung
	Chief Executive Officer
	(Principal Executive Officer)
Date: May 13, 2013

	By:	/s/ Shirley Cheng
	Shirley Cheng
	Interim Chief Financial Officer
	(Principal Financial and Accounting Officer)
Date: May 13, 2013

Power of Attorney

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Earnest Leung and Jennifer Fu, his or her attorneys-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any amendments to this report on Form 10-K and to file the same, with exhibits thereto and other documents in connection therewith with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or substitute or substitutes may do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:

Name	Title	Date
/s/ Earnest Leung	Chief Executive Officer and Director	May 13, 2013
Earnest Leung	(Principal Executive Officer)
/s/ Shirley Cheng	Interim Chief Financial Officer	May 13, 2013
Shirley Cheng	(Principal Financial and Accounting Officer)
/s/ Charles Liu	Director	May 13, 2013
Charles Liu
/s/ Gerald Godfrey	Director	May 13, 2013
Gerald Godfrey

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Earnest Leung, Chief Executive Officer of Network CN Inc., certify that:

1. I have reviewed this annual report on Form 10-K/A , Amendment No. 1 of Network CN Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 13, 2013

/s/Earnest Leung

Earnest Leung

Chief Executive Officer

(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Shirley Cheng, Interim Chief Financial Officer of Network CN Inc., certify that:

1. I have reviewed this annual report on Form 10-K/A , Amendment No. 1 of Network CN Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 13, 2013

/s/Shirley Cheng

Shirley Cheng

Interim Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report of Network CN Inc. (the “Company”) on Form 10-K/A, Amendment No. 1, for the year ended December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Earnest Leung, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

1.       The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.      The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Earnest Leung

Earnest Leung

Chief Executive Officer

 (Principal Executive Officer)

May 13, 2013

A signed original of this written statement required by Section 906 has been provided to Network CN Inc. and will be retained by Network CN Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

The forgoing certification is being furnished to the Securities and Exchange Commission pursuant to § 18 U.S.C. Section 1350. It is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report of Network CN Inc. (the “Company”) on Form 10-K/A, Amendment No. 1, for the year ended December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Shirley Cheng, Interim Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

1.           The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.           The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Shirley Cheng

Shirley Cheng

Interim Chief Financial Officer

(Principal Financial and Accounting Officer)

May 13, 2013

A signed original of this written statement required by Section 906 has been provided to Network CN Inc. and will be retained by Network CN Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

The forgoing certification is being furnished to the Securities and Exchange Commission pursuant to § 18 U.S.C. Section 1350. It is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

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BUSINESS SEGMENTS FROM CONTINUING OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

BUSINESS SEGMENTS FROM CONTINUING OPERATIONS [Abstract]

Schedule of Advertising Sales to Major Customers

An analysis of percentage of advertising sales to major customers is as follows:

	2012	2011	2010
Customer A	-	-	16%
Customer B	-	-	11%
Customer C	-	19%	-
Customer D	-	11%	-
Customer E	-	10%	-
Customer F	12%	-	-
Customer G	11%	-	-
Customer H	10%	-	-

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CAPITAL LEASE OBLIGATION (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Schedule by years of future minimum lease payment under capital leases:
2013	$ 13,846
2014	13,846
2015	13,846
2016	13,846
2017	4,616
Total minimum lease payments	60,000
Less: Amount representing interest	(8,689)
Present value of net minimum lease payment	51,311
Less: Current portion	(10,328)
Non-current portion	40,983
Motor Vehicles [Member]
Equipment
Gross amount of asset	$ 57,692

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DEFERRED CHARGES, NET (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
DEFERRED CHARGES, NET [Abstract]
Deferred charges	$ 250,000	$ 250,000
Less: accumulated amortization	(250,000)	(218,308)
Total		31,692
Current portion		31,692
Non-current portion
Amortization of deferred charges	$ 31,692	$ 81,214	$ 79,085

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COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Rental Lease Commitment
2013	$ 146,833
2014	131,476
2015
Thereafter
Total	278,309
Rental expenses	205,299	52,097	247,630
Provision of rental expenses in connection with Chengtian litigation		137,307
Advertising Operating Rights [Member]
Commitments
2013	766,544
2014	523,678
2015
Thereafter
Total	$ 1,290,222

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PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET [Abstract]
Payments from customers withheld by a third party	$ 1,524,481	$ 1,525,966
Prepaid expenses	108,102	155,075
Rental deposits	55,049	40,168
Other receivables	333	274
Sub-total	1,687,965	1,721,483
Less: allowance for doubtful debts	(1,526,574)	(1,528,059)
Total	161,391	193,424
Provision for doubtful debt for prepaid expenses and other current assets			2,875
Write off of certain allowance for doubtful debts for prepaid expenses and other current assets			$ 9,690

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ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES (Tables)

12 Months Ended

Dec. 31, 2012

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES [Abstract]

Schedule of Accounts Payable, Accrued Expenses and Other Payables

Accounts payable, accrued expenses and other payables as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Accrued advertising operating rights	$	744,365	$	-
Accrued staff benefits and related fees		804,290		410,254
Accrued professional fees		102,186		115,615
Directors' loans (Note 14)		143,918		229,744
Accrued interest expenses		101,790		12,603
Other accrued expenses		385,306		328,040
Short-term loans 1)		741,757		-
Receipts in advance		479,920		92,829
Other payables		15,200		38,697
Total	$	3,518,732	$	1,227,782

1) As of December31, 2012, the Company recorded an aggregated amount of $741,757 short-term loans. Those loans were borrowed from certain unrelated individuals. Those loans are unsecured, bear a monthly interest of 1.5% and shall be repayable in one month. However, according to the agreement, the Company shall have the option to shorten or extend the life of those short-term loans if the need arises and the Company has agreed with the lender to extend the short-term loans on due date. Up to the date of this annual report, those loans have not yet been repaid.

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STOCKHOLDERS' DEFICIT (Changes in Deficit and Restriction on Payment of Dividends) (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Changes in Deficit
Total deficit as of January 1	$ (5,056,418)	$ (3,524,536)	$ (1,491,206)
Net loss	(1,210,629)	(2,102,548)	(2,603,384)
Other comprehensive income (loss)	(11,290)	13,929	41,932
Stock issued	478,000	60,000
Additional paid-in capital	2,238,948	83,678	89,301
Change in unrealized loss on available-for-sale securities			(153,559)
Reversal of unrealized loss on available-for-sale securities		153,559
Deferred stock-based compensation		307,500	592,500
Total deficit as of December 31	(4,032,289)	(5,056,418)	(3,524,536)
Restriction on payment of dividends
Maximum percent of net income which can be distributed	10.00%
Preferred Stock [Member]
Changes in Deficit
Stock issued
Common Stock [Member]
Changes in Deficit
Stock issued	7,100	12,000	(120)
Noncontrolling Interests [Member]
Changes in Deficit
Total deficit as of January 1
Net loss
Other comprehensive income (loss)
Additional paid-in capital
Change in unrealized loss on available-for-sale securities
Reversal of unrealized loss on available-for-sale securities
Deferred stock-based compensation
Total deficit as of December 31
Noncontrolling Interests [Member] | Preferred Stock [Member]
Changes in Deficit
Stock issued
Noncontrolling Interests [Member] | Common Stock [Member]
Changes in Deficit
Stock issued
NCN Common Stockholders [Member]
Changes in Deficit
Total deficit as of January 1	(5,056,418)	(3,524,536)	(1,491,206)
Net loss	(1,210,629)	(2,102,548)	(2,603,384)
Other comprehensive income (loss)	(11,290)	13,929	41,932
Additional paid-in capital	2,238,948	83,678	89,301
Change in unrealized loss on available-for-sale securities			(153,559)
Reversal of unrealized loss on available-for-sale securities		153,559
Deferred stock-based compensation		307,500	592,500
Total deficit as of December 31	(4,032,289)	(5,056,418)	(3,524,536)
NCN Common Stockholders [Member] | Preferred Stock [Member]
Changes in Deficit
Stock issued
NCN Common Stockholders [Member] | Common Stock [Member]
Changes in Deficit
Stock issued	$ 7,100	$ 12,000	$ (120)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basis of Presentation and Preparation

(A) Basis of Presentation and Preparation

These consolidated financial statements of the Company have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP").

These consolidated financial statements were prepared on a going concern basis. The Company has determined that the going concern basis of preparation is appropriate based on its estimates and judgments of future performance of the Company, future events and projected cash flows. At each balance sheet date, the Company evaluates its estimates and judgments as part of its going concern assessment. Based on its assessment, the Company believes there are sufficient financial and cash resources to finance the Company as a going concern in the next twelve months. Accordingly, management has prepared the financial statements on a going concern basis.

Principles of Consolidation

(B) Principles of Consolidation

The consolidated financial statements include the financial statements of Network CN Inc., its subsidiaries and variable interest entities for which it is the primary beneficiary. These variable interest entities are those in which the Company, through contractual arrangements, bears the risks and enjoys the rewards normally associated with ownership of the entities. Upon making this determination, the Company is deemed to be the primary beneficiary of these entities, which are then required to be consolidated for financial reporting purpose. All significant intercompany transactions and balances have been eliminated upon consolidation.

Use of Estimates

(C) Use of Estimates

In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Differences from those estimates are reported in the period they become known and are disclosed to the extent they are material to the consolidated financial statements taken as a whole.

Cash and Cash Equivalents

(D) Cash and Cash Equivalents

Cash includes cash on hand, cash accounts, and interest bearing savings accounts placed with banks and financial institutions. For the purposes of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. As of December 31, 2012 and 2011, the Company had no cash equivalents.

Allowance for Doubtful Debts

(E) Allowance for Doubtful Debts

Allowance for doubtful debts is made against receivables to the extent they are considered to be doubtful. Receivables in the consolidated balance sheet are stated net of such allowance. The Company records its allowance for doubtful debts based upon its assessment of various factors. The Company considers historical experience, the age of the receivable balances, the credit quality of its customers, current economic conditions, and other factors that may affect customers' ability to pay to determine the level of allowance required.

Prepayments for Advertising Operating Rights, Net

(F) Prepayments for Advertising Operating Rights, Net

Prepayments for advertising operating rights are measured at cost less accumulated amortization and impairment losses, if any. Cost includes prepaid expenses directly attributable to the acquisition of advertising operating rights. Such prepaid expenses are in general charged to the consolidated statements of operations on a straight-line basis over the operating period. All the costs expected to be amortized after twelve months of the balance sheet date are classified as non-current assets.

An impairment loss is recognized when the carrying amount of the prepayments for advertising operating rights exceeds the sum of the undiscounted cash flows expected to be generated from the advertising operating right's use and eventual disposition. An impairment loss is measured as the amount by which the carrying amount exceeds the fair value of the asset calculated using a discounted cash flow analysis.

Investments in available-for-sale securities

(G) Investments in available-for-sale securities

The Company's marketable equity securities are classified as available-for-sale investments and are reported at fair value, with unrealized gains and losses, net of tax, recorded in accumulated other comprehensive income. Realized gains or losses and declines in value judged to be other-than-temporary, if any, on available-for-sale securities are reported in other (expense) income, net. The Company evaluates the investments periodically for possible other-than-temporary impairment. When assessing other-than-temporary impairment of equity securities, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer, the Company's intent to hold the investment for a period of time which may be sufficient for an anticipated recovery in market value, and whether its cash flow needs may require the Company to sell the investment. If appropriate, the Company records impairment charges equal to the amount that the carrying value of an equity security exceeds the estimated fair value of such security as of the evaluation date. In computing realized gains and losses on available-for-sale securities, the Company determines cost based on amounts paid, including direct costs such as commissions to acquire the security, using the specific identification method.

The determination of current or noncurrent status for individual available-for-sale securities is made on the basis of whether or not the securities are considered working capital available for current operations under Accounting Standards Codification, or ASC, Topic 210-10-45. We determined that investments in available-for-sale securities have not been made for the purposes of control, affiliation, or other continuing business advantage. As of December 31, 2012 and 2011, the Company had no investment in available-for-sale securities.

Equipment, Net

(H) Equipment, Net

Equipment is stated at cost less accumulated depreciation and impairment losses, if any. Depreciation is provided on a straight-line basis, less estimated residual values over the assets' estimated useful lives. The estimated useful lives are as follows:

Media display equipment	5 - 7 years
Office equipment	3 - 5 years
Furniture and fixtures	3 - 5 years
Motor vehicles	5 years
Leasehold improvements	Over the unexpired lease terms

Construction in progress is carried at cost less impairment losses, if any. It relates to construction of media display equipment. No provision for depreciation is made on construction in progress until the relevant assets are completed and put into use.

When equipment is retired or otherwise disposed of, the related cost, accumulated depreciation and provision for impairment loss, if any are removed from the respective accounts, and any gain or loss is reflected in the consolidated statements of operations. Repairs and maintenance costs on equipment are expensed as incurred.

Impairment of Long-Lived Assets

(I) Impairment of Long-Lived Assets

Long-lived assets, such as equipment, are reviewed for impairment whenever events or changes in circumstance indicate that the carrying amount of the assets may not be recoverable. An impairment loss is recognized when the carrying amount of a long-lived asset exceeds the sum of the undiscounted cash flows expected to be generated from the asset's use and eventual disposition. An impairment loss is measured as the amount by which the carrying amount exceeds the fair value of the asset calculated using a discounted cash flow analysis.

Deferred Charges, Net

(J) Deferred Charges, Net

Deferred charges are fees and expenses directly related to the issuance of convertible promissory notes, including placement agents' fees. Deferred charges are capitalized and amortized over the life of the convertible promissory notes using the effective interest method. Amortization of deferred charges is included in amortization of deferred charges and debt discount on the consolidated statements of operations while the unamortized balance is included in deferred charges on the consolidated balance sheets. All the costs expected to be amortized after twelve months of the consolidated balance sheet date are classified as non-current assets.

Convertible Promissory Notes and Warrants

(K) Convertible Promissory Notes and Warrants

1) Debt Restructuring and Issuance of 1% Convertible Promissory Note

On April 2, 2009, the Company issued 1% unsecured senior convertible promissory notes to the previous 3% convertible promissory note holders who agreed to cancel these 3% convertible promissory notes in the principal amount of $5,000,000 (including all accrued and unpaid interest thereon), and all of the warrants, in exchange for the 1% unsecured senior convertible promissory notes in the principal amount of $5,000,000. The 1% convertible promissory notes bear interest at 1% per annum, payable semi-annually in arrears, mature on April 1, 2012, and are convertible at any time into shares of the Company's common stock at a fixed conversion price of $0.1163 per share, subject to customary anti-dilution adjustments. Pursuant to ASC Topic 470-50 and ASC Topic 470-50-40, the Company determined that the original convertible notes and the 1% convertible notes were with substantially different terms and hence the exchange was recorded as an extinguishment of original notes and issuance of new notes.

The Company determined the 1% convertible promissory notes to be conventional convertible instruments under ASC Topic 815-40-25. Its embedded conversion option was qualified for equity classification pursuant to ASC Topic 815-40, and ASC Topic 815-10-15-74. The embedded beneficial conversion feature was recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The debt discount resulting from the allocation of proceeds to the beneficial conversion feature is amortized over the term of the 1% convertible promissory notes from the respective dates of issuance using the effective interest method.

2) Extension of 1% Convertible Promissory Note

The 1% convertible promissory notes matured on April 1, 2012 and on the same date, the Company and the note holders agreed to the following: 1) extension of the maturity date of the 1% convertible promissory notes for a period of two years and 2) modification of the 1% convertible promissory notes to be convertible at any time into shares of the Company's common stock at a conversion price of $0.09304 per share, subject to customary anti-dilution adjustments. In all other respects not specifically mentioned, the terms of the 1% convertible promissory notes remain the same and are fully enforceable in accordance with their terms. Subsequently, the Company issued new 1% convertible promissory notes maturing on April 1, 2014 to the note holders. Pursuant to ASC Topic 470-50-40-10, the Company determined that the modification is substantially different and hence the modification was recorded as an extinguishment of notes and issuance of new notes. Pursuant to ASC Topic 470-20-40-3, the Company allocated the amount of the reacquisition price to the repurchased beneficial conversion feature using the intrinsic value of that conversion feature at the extinguishment date and the residual amount would be allocated to the convertible security. Thus, the Company recorded a gain on extinguishment of debt.

The Company determined the modified new 1% convertible promissory notes to be conventional convertible instruments under ASC Topic 815-40-25. Its embedded conversion option was qualified for equity classification pursuant to ASC Topic 815-40, and ASC Topic 815-10-15-74. The embedded beneficial conversion feature was recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The debt discount resulting from the allocation of proceeds to the beneficial conversion feature is amortized over the term of the new 1% convertible promissory notes from the respective dates of issuance using the effective interest method.

Revenue Recognition

(L) Revenue Recognition

The Company recognizes revenue in the period when advertisements are either aired or published.

Stock-based Compensation

(M) Stock-based Compensation

The Company adopted ASC Topic 718, using a modified prospective application transition method, which establishes accounting for stock-based awards in exchange for employee services. Under this application, the Company is required to record stock-based compensation expense for all awards granted after the date of adoption and unvested awards that were outstanding as of the date of adoption. ASC Topic 718 requires that stock-based compensation cost is measured at grant date, based on the fair value of the award, and recognized as expense over the requisite services period.

Common stock, stock options and warrants issued to other than employees or directors in exchange for services are recorded on the basis of their fair value, as required by ASC Topic 718. In accordance with ASC Topic 505-50, the non-employee stock options or warrants are measured at their fair value by using the Black-Scholes option pricing model as of the earlier of the date at which a commitment for performance to earn the equity instruments is reached ("performance commitment date") or the date at which performance is complete ("performance completion date"). The stock-based compensation expenses are recognized on a straight-line basis over the shorter of the period over which services are to be received or the vesting period. Accounting for non-employee stock options or warrants which involve only performance conditions when no performance commitment date or performance completion date has occurred as of reporting date requires measurement at the equity instruments then-current fair value. Any subsequent changes in the market value of the underlying common stock are reflected in the expense recorded in the subsequent period in which that change occurs.

Income Taxes

(N) Income Taxes

The Company accounts for income taxes under ASC Topic 740. Under ASC Topic 740, deferred tax assets and liabilities are provided for the future tax effects attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and for the expected future tax benefits from items including tax loss carry forwards.

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or reversed. Under ASC Topic 740, the expense or benefit related to adjusting deferred tax assets and liabilities as a result of a change in tax rates is recognized in income or loss in the period that includes the enactment date.

Comprehensive Income (Loss)

(O) Comprehensive Income (Loss)

The Company follows ASC Topic 220 for the reporting and display of its comprehensive income (loss) and related components in the financial statements and thereby reports a measure of all changes in equity of an enterprise that results from transactions and economic events other than transactions with the shareholders. Items of comprehensive income (loss) are reported in both the consolidated statements of operations and comprehensive loss and the consolidated statement of stockholders' equity.

Earnings (Loss) Per Common Share

(P) Earnings (Loss) Per Common Share

Basic earnings (loss) per common share are computed in accordance with ASC Topic 260 by dividing the net income (loss) attributable to holders of common stock by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares including the dilutive effect of common share equivalents then outstanding.

The diluted net loss per common share is the same as the basic net loss per share for the years ended December 31, 2012, 2011 and 2010 as all potential ordinary shares including stock options and warrants are anti-dilutive and are therefore excluded from the computation of diluted net loss per share.

Operating Leases

(Q) Operating Leases

Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease period.

Capital Leases

(R) Capital Leases

Leases are classified as capital leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to lessee. Assets held under capital leases are initially recognized as assets at their fair value or, if lower, the present value of the minimum lease payments. Each lease payment is allocated between the liability and finance charges so as to achieve a constant rate on the finance balance outstanding. The interest elements of the finance cost is charged to the consolidated statements of operations over the lease period so as to produce a constant rate of interest on the remaining balance of the liability for each period. The equipment acquired under finance leases is depreciated over the shorter of the useful life of the asset and the lease term.

Foreign Currency Translation

(S) Foreign Currency Translation

The assets and liabilities of the Company's subsidiaries and variable interest entities denominated in currencies other than U.S. dollars are translated into U.S. dollars using the applicable exchange rates at the balance sheet date. For consolidated statements of operations' items, amounts denominated in currencies other than U.S. dollars were translated into U.S. dollars using the average exchange rate during the year. Equity accounts were translated at their historical exchange rates. Net gains and losses resulting from translation of foreign currency financial statements are included in the statements of stockholders' equity as accumulated other comprehensive income (loss). Foreign currency transaction gains and losses are reflected in the consolidated statements of operations.

Fair Value of Financial Instruments

(T) Fair Value of Financial Instruments

ASC Topic 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

ASC Topic 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC Topic 820 establishes three levels of inputs that may be used to measure fair value:

Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 - Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The carrying value of the Company's financial instruments, which consist of cash, accounts receivable, prepayments for advertising operating rights, prepaid expenses and other current assets, accounts payable, accrued expenses and other payables, approximates fair value due to the short-term maturities.

The carrying value of the Company's financial instruments related to warrants associated with convertible promissory notes is stated at a value being equal to the allocated proceeds of convertible promissory notes based on the relative fair value of notes and warrants. In the measurement of the fair value of these instruments, the Black-Scholes option pricing model is utilized, which is consistent with the Company's historical valuation techniques. These derived fair value estimates are significantly affected by the assumptions used. As the allocated value of the financial instruments related to warrants associated with convertible promissory notes is recorded in additional paid-in capital, the financial instruments related to warrants were not required to mark to market as of each subsequent reporting period.

Concentration of Credit Risk

(U) Concentration of Credit Risk

The Company places its cash with various financial institutions. The Company believes that no significant credit risk exists as these cash investments are made with high-credit-quality financial institutions.

All the revenue of the Company and a significant portion of the Company's assets are generated and located in China. The Company's business activities and accounts receivable are mainly from advertising services. Deposits are usually collected from customers in advance and the Company performs ongoing credit evaluation of its customers. The Company believes that no significant credit risk exists as credit loss.

The Company engaged in the provision of out-of-home advertising in China. As of December 31, 2012 and 2011, one customer accounted for approximately 86% and 35% of its accounts receivable balances. Due to the longstanding nature of its relationships with these customers and contractual obligations, the Company is confident that it will recover these amounts. The Company establishes an allowance for doubtful debts accounts upon its assessment of various factors. The Company considers historical experience, the age of the receivable balances, the credit quality of its customers, current economic conditions, and other factors that may affect customers' ability to pay to determine the level of allowance required.

Segmental Reporting

(V) Segmental Reporting

ASC Topic 280 establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. The Company's operating segments are organized internally primarily by the type of services rendered. Accordingly, it is management's view that the services rendered by the Company are of one operating segment: Media Network.

Recent Accounting Pronouncements

(W) Recent Accounting Pronouncements

In December 2011, FASB issued ASU No. 2011-10, Property, Plant, and Equipment (Topic 360): Derecognition of in Substance Real Estate-a Scope Clarification (a consensus of the FASB Emerging Issues Task Force). The objective of this update is to resolve the diversity in practice about whether the guidance in Subtopic 360-20 applies to a parent that ceases to have a controlling financial interest (as described in Subtopic 810-10) in a subsidiary that is in substance real estate as a result of default on the subsidiary's nonrecourse debt. This update does not address whether the guidance in Subtopic 360-20 would apply to other circumstances when a parent ceases to have a controlling financial interest in a subsidiary that is in substance real estate. The amendments in this update should be applied on a prospective basis to deconsolidation events occurring after the effective date. Prior periods should not be adjusted even if the reporting entity has continuing involvement with previously derecognized in substance real estate entities. For public entities, the amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after June 15, 2012. Early adoption is permitted. The adoption of ASU No. 2011-10 did not have a material impact on our financial statements.

In December 2011, FASB issued ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities The amendments in this update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. Management is currently evaluating the potential impact of ASU No. 2011-11 on our financial statements.

In July 2012, FASB issued ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment The objective of the amendments in this update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. For public entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. For nonpublic entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2013. Management is currently evaluating the potential impact of ASU No. 2012-02 on our financial statements.

In October 2012, FASB issued ASU No. 2012-04, Technical Corrections and Improvements: The amendments in this Update cover a wide range of Topics in the Codification. These amendments are presented in two sections-Technical Corrections and Improvements (Section A) and Conforming Amendments Related to Fair Value Measurements (Section B). For public entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. For nonpublic entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2013. Management is currently evaluating the potential impact of ASU No. 2012-04 on our financial statements.

Reclassifications

(X) Reclassifications

Certain amounts reported for prior years have been reclassified to conform to the current year's presentation.

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CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Narrative) (Details) (USD $)	12 Months Ended						1 Months Ended			0 Months Ended	12 Months Ended			0 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Nov. 19, 2007 Warrants Issued with Convertible Notes [Member]	Nov. 19, 2007 $12.50 Warrants Issued with Convertible Notes [Member]	Nov. 19, 2007 $17.50 Warrants Issued with Convertible Notes [Member]	Jan. 31, 2008 3% Unsecured Senior Convertible Promissory Notes [Member]	Nov. 19, 2007 3% Unsecured Senior Convertible Promissory Notes [Member]	Nov. 28, 2007 3% Unsecured Senior Convertible Promissory Notes [Member]	Apr. 02, 2009 1% Unsecured Senior Convertible Promissory Notes [Member]	Dec. 31, 2012 1% Unsecured Senior Convertible Promissory Notes [Member]	Dec. 31, 2011 1% Unsecured Senior Convertible Promissory Notes [Member]	Dec. 31, 2012 New 1% Unsecured Senior Convertible Promissory Notes [Member]	Apr. 02, 2009 Note Exchange and Option Agreement [Member]
Debt Conversion [Line Items]
Principal amount converted														$ 45,000,000
Shares issued in debt conversion														61,407,093
Number of shares covered by option														24,562,837
Option outstanding														2,000,000
Date from which option is exercisable														Apr. 02, 2009
Expiration of warrant														Jan. 01, 2014
Debt Instrument [Line Items]
Principal amount							50,000,000	50,000,000	15,000,000	5,000,000		5,000,000	5,000,000
Debt interest rate								3.00%		1.00%		1.00%	1.00%
Percent of equity interest securing notes							66.00%
Debt maturity date								Jun. 30, 2011		Apr. 01, 2012		Apr. 01, 2012	Apr. 01, 2014
Debt conversion price										$ 0.1163		$ 0.1163	$ 0.09304
Percent of principal notes are redeemable at													110.00%
Value of the beneficial conversion feature	3,598,452												3,598,452
Maturity date extension term													2 years
Gain on extinguishment of debt	$ 1,877,594										$ 1,877,594
Class of Warrant or Right [Line Items]
Number of shares covered by option				6,857,143
Exercise price of warrant					12.5	17.5

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended		0 Months Ended	12 Months Ended	1 Months Ended			12 Months Ended
	Dec. 31, 2012 Accounts Receivable [Member] Credit Concentration Risk [Member]	Dec. 31, 2011 Accounts Receivable [Member] Credit Concentration Risk [Member]	Apr. 02, 2009 1% Unsecured Senior Convertible Promissory Notes [Member]	Dec. 31, 2011 1% Unsecured Senior Convertible Promissory Notes [Member]	Nov. 19, 2007 3% Unsecured Senior Convertible Promissory Notes [Member]	Jan. 31, 2008 3% Unsecured Senior Convertible Promissory Notes [Member]	Nov. 28, 2007 3% Unsecured Senior Convertible Promissory Notes [Member]	Dec. 31, 2012 New 1% Unsecured Senior Convertible Promissory Notes [Member]	Dec. 31, 2012 Media Display Equipment [Member] Minimum [Member]	Dec. 31, 2012 Media Display Equipment [Member] Maximum [Member]	Dec. 31, 2012 Office Equipment [Member] Minimum [Member]	Dec. 31, 2012 Office Equipment [Member] Maximum [Member]	Dec. 31, 2012 Furniture and Fixtures [Member] Minimum [Member]	Dec. 31, 2012 Furniture and Fixtures [Member] Maximum [Member]	Dec. 31, 2012 Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									5 years	7 years	3 years	5 years	3 years	5 years	5 years
Debt Instrument [Line Items]
Principal amount			$ 5,000,000	$ 5,000,000	$ 50,000,000	$ 50,000,000	$ 15,000,000	$ 5,000,000
Debt interest rate			1.00%	1.00%	3.00%			1.00%
Debt conversion price			$ 0.1163	$ 0.1163				$ 0.09304
Debt maturity date			Apr. 01, 2012	Apr. 01, 2012	Jun. 30, 2011			Apr. 01, 2014
Maturity date extension term								2 years
Concentration Risk [Line Items]
Percentage of accounts receivable	86.00%	35.00%

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STOCKHOLDERS' DEFICIT (Tables)

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' DEFICIT [Abstract]

Schedule of Changes in Deficit

The following table summarizes the changes in deficit for the year ended December 31, 2012:

	Noncontrolling Interests		NCN Common Stockholders		Total
Total deficit as of January 1, 2012	$	-	$	(5,056,418)	$	(5,056,418)
Net loss		-		(1,210,629)		(1,210,629)
Other comprehensive loss		-		(11,290)		(11,290)
Preferred stock		-		-		-
Common stock		-		7,100		7,100
Additional paid-in capital		-		2,238,948		2,238,948
Total deficit as of December 31, 2012	$	-	$	(4,032,289)	$	(4,032,289)

The following table summarizes the changes in deficit for the year ended December 31, 2011:

	Noncontrolling Interests		NCN Common Stockholders		Total
Total deficit as of January 1, 2011	$	-	$	(3,524,536)	$	(3,524,536)
Net loss		-		(2,102,548)		(2,102,548)
Other comprehensive income		-		13,929		13,929
Preferred stock		-		-		-
Common stock		-		12,000		12,000
Additional paid-in capital		-		83,678		83,678
Reversal of unrealized loss on available-for-sale securities		-		153,559		153,559
Deferred stock-based compensation		-		307,500		307,500
Total deficit as of December 31, 2011	$	-	$	(5,056,418)	$	(5,056,418)

The following table summarizes the changes in deficit for the year ended December 31, 2010:

	Noncontrolling Interests		NCN Common Stockholders		Total
Total deficit as of January 1, 2010	$	-	$	(1,491,206)	$	(1,491,206)
Net loss		-		(2,603,384)		(2,603,384)
Other comprehensive income		-		41,932		41,932
Preferred stock		-		-		-
Common stock		-		(120)		(120)
Additional paid-in capital		-		89,301		89,301
Change in unrealized loss on available-for-sale securities		-		(153,559)		(153,559)
Deferred stock-based compensation		-		592,500		592,500
Total deficit as of December 31, 2010	$	-	$	(3,524,536)	$	(3,524,536)

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CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Schedule of Amortization of Deferred Charges and Debt Discount) (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Debt Instrument [Line Items]
Warrants
Conversion Features	988,169	507,769	449,377
Deferred Charges	31,692	81,214	79,085
Total	1,019,861	588,983	528,462
New 1% Unsecured Senior Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Warrants
Conversion Features	800,249
Deferred Charges
Total	800,249
1% Unsecured Senior Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Warrants
Conversion Features	187,920	507,769	449,377
Deferred Charges	31,692	81,214	79,085
Total	$ 219,612	$ 588,983	$ 528,462

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INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
The loss before income taxes and noncontrolling interests by geographical locations for the years ended December 31, 2012, 2011 and 2010 was summarized as follows:
United States	$ (19,538)	$ 1,034,827	$ 735,120
Foreign	1,230,167	1,067,721	1,868,264
Total	1,210,629	2,102,548	2,603,384
Current
United States
Foreign
Total
Deferred
United States
Foreign
Total
The reconciliation of the effective income tax of the Company to the U.S. federal statutory rate was as follows:
Expected income tax benefit	411,614	714,866	885,151
Operating loss carried forward	(295,762)	(179,200)	(97,153)
Nondeductible income (expenses)	302,405	(172,641)	(152,788)
Tax effect on foreign income which is not subject U.S. federal corporate income tax rate of 34%	(418,257)	(363,025)	(635,210)
Total
U.S. federal corporate income tax rate	34.00%	34.00%	34.00%
An analysis of the Company's deferred tax liabilities and deferred tax assets as of December 31, 2012, 2011 and 2010 was as follows:
Effect of net operating loss carried forward	8,058,771	7,763,009	7,583,809
Less: valuation allowance	(8,058,771)	(7,763,009)	(7,583,809)
Net deferred tax assets

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EQUIPMENT, NET (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Equipment
Equipment, gross	$ 1,224,219	$ 4,376,403
Less: accumulated depreciation	(968,098)	(1,307,568)
Less: provision for impairment		(2,705,239)
Total	256,121	363,596
Depreciation expense	259,479	239,223	257,899
Write-off of provision for impairment losses	2,705,239		459,830
Media Display Equipment [Member]
Equipment
Equipment, gross	957,071	4,156,851
Office Equipment [Member]
Equipment
Equipment, gross	81,091	159,545
Furniture and Fixtures [Member]
Equipment
Equipment, gross	1,262	10,907
Motor Vehicles [Member]
Equipment
Equipment, gross	97,249	39,564
Leasehold Improvements [Member]
Equipment
Equipment, gross	87,618
Construction in Progress [Member]
Equipment
Equipment, gross		$ 9,536

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SUBSIDIARIES AND VARIABLE INTEREST ENTITY

12 Months Ended

Dec. 31, 2012

SUBSIDIARIES AND VARIABLE INTEREST ENTITY [Abstract]

SUBSIDIARIES AND VARIABLE INTEREST ENTITY

NOTE 3 SUBSIDIARIES AND VARIABLE INTEREST ENTITY

Details of the Company's principal consolidated subsidiaries and variable interest entity as of December 31, 2012 were as follows:

Name	Place of Incorporation	Ownership/Control interest attributable to the Company	Principal activities
NCN Group Limited	BVI	100%	Investment holding
NCN Media Services Limited	BVI	100%	Investment holding
Linkrich Enterprise Advertising and Investment Limited	Hong Kong	100%	Investment holding
Cityhorizon Limited	Hong Kong	100%	Investment holding
NCN Group Management Limited	Hong Kong	100%	Provision of administrative and management services
Crown Eagle Investment Limited	Hong Kong	100%	Dormant
Crown Winner International Limited	Hong Kong	100%	Dormant
NCN Huamin Management Consultancy (Beijing) Company Limited	PRC	100%	Dormant
Huizhong Lianhe Media Technology Co., Ltd.	PRC	100%	Provision of high-tech services
Beijing Huizhong Bona Media Advertising Co., Ltd.	PRC	100%(1)	Provision of advertising services
Yi Gao Shanghai Advertising Limited	PRC	100%	Provision of advertising services

Remarks:

1) Variable interest entity which the Company exerted 100% control through a set of commercial arrangements.

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SUBSEQUENT EVENTS (Details) (Subsequent Event [Member], Shanghai Chuangtian Advertising Company Limited Case [Member])					0 Months Ended
	Apr. 12, 2013 USD ($)	Apr. 12, 2013 CNY	Mar. 19, 2013 USD ($)	Mar. 19, 2013 CNY	Mar. 19, 2013 Right Fees [Member] USD ($)	Mar. 19, 2013 Right Fees [Member] CNY	Mar. 19, 2013 Late Payment Surcharges [Member] USD ($)	Mar. 19, 2013 Late Payment Surcharges [Member] CNY	Mar. 19, 2013 Electricity Charges [Member] USD ($)	Mar. 19, 2013 Electricity Charges [Member] CNY	Apr. 12, 2013 Unpaid Right Fees, Penalty, and Electricity Charges [Member] USD ($)	Apr. 12, 2013 Unpaid Right Fees, Penalty, and Electricity Charges [Member] CNY	Apr. 12, 2013 Refund of Advertising Fee [Member] USD ($)	Apr. 12, 2013 Refund of Advertising Fee [Member] CNY
Subsequent Event [Line Items]
Amount of allegations	$ 32,300	202,500	$ 184,400	1,157,000
Amount of payment demanded					$ 8,290	52,000	$ 15,100	94,900	$ 5,470	34,345	$ 34,500	216,900	$ 32,300	202,500

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SUBSIDIARIES AND VARIABLE INTEREST ENTITY (Details)	Dec. 31, 2012
NCN Group Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
NCN Media Services Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
Linkrich Enterprise Advertising and Investment Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
Cityhorizon Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
NCN Group Management Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
Crown Eagle Investment Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
Crown Winner International Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
NCN Huamin Management Consultancy (Beijing) Company Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
Huizhong Lianhe Media Technology Co., Ltd. [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%
Beijing Huizhong Bona Media Advertising Co., Ltd. [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%	[1]
Yi Gao Shanghai Advertising Limited [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership/Control interest attributable to the Company	100.00%

[1] Variable interest entity which the Company exerted 100% control through a set of commercial arrangements.

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PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET (Tables)

12 Months Ended

Dec. 31, 2012

PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET [Abstract]

Schedule of Prepayments for Advertising Operating Rights, Net

Prepayments for advertising operating rights, net as of December 31, 2012 and 2011 were as follows:

	2012		2011
Gross carrying amount
Beginning	$	914,846	$	209,186
Addition		1,499,506		684,150
Translation adjustments		1,714		21,510
Total gross carrying amount		2,416,066		914,846
Accumulated amortization
Beginning		(731,877)		-
Amortization for the year		(1,098,447)		(714,921)
Translation adjustments		(3,752)		(16,956)
Total accumulated amortization		(1,834,076)		(731,877)
Prepayments for advertising operating rights, net	$	581,990	$	182,969

XML

ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2012

ACCOUNTS RECEIVABLE, NET [Abstract]

Schedule of Accounts Receivable

Accounts receivable, net as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Accounts receivable	$	732,261	$	159,362
Less: allowance for doubtful debts		(13,220)		(13,222)
Total	$	719,041	$	146,140

XML

STOCKHOLDERS' DEFICIT (Stock, Options and Warrants Issued for Services) (Details) (USD $)	1 Months Ended		1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended	1 Months Ended			12 Months Ended			1 Months Ended	12 Months Ended			1 Months Ended			12 Months Ended			1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended	1 Months Ended											0 Months Ended	1 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Oct. 31, 2011 Three Consultants [Member]	Dec. 31, 2012 Three Consultants [Member]	Dec. 31, 2011 Three Consultants [Member]	Dec. 31, 2010 Three Consultants [Member]	Apr. 30, 2012 Financial Advisor [Member]	Dec. 31, 2012 Financial Advisor [Member]	Sep. 30, 2012 Financial Public Relations Consultant [Member]	Dec. 31, 2012 Financial Public Relations Consultant [Member]	Dec. 31, 2012 December Consultant One [Member]	Dec. 31, 2012 December Consultant Two [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Management [Member]	Dec. 31, 2012 Deferred Stock-Based Compensation [Member] Management [Member] July 2009 Grant [Member]	Dec. 31, 2011 Deferred Stock-Based Compensation [Member] Management [Member] July 2009 Grant [Member]	Dec. 31, 2010 Deferred Stock-Based Compensation [Member] Management [Member] July 2009 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Chief Financial Officer [Member] July 2009 Grant [Member]	Dec. 31, 2012 Deferred Stock-Based Compensation [Member] Chief Financial Officer [Member] July 2009 Grant [Member]	Dec. 31, 2011 Deferred Stock-Based Compensation [Member] Chief Financial Officer [Member] July 2009 Grant [Member]	Dec. 31, 2010 Deferred Stock-Based Compensation [Member] Chief Financial Officer [Member] July 2009 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Chief Executive Officer [Member] July 2009 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Executive Vice President [Member] July 2009 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Director [Member] July 2009 Grant [Member]	Dec. 31, 2012 Deferred Stock-Based Compensation [Member] Director [Member] July 2009 Grant [Member]	Dec. 31, 2011 Deferred Stock-Based Compensation [Member] Director [Member] July 2009 Grant [Member]	Dec. 31, 2010 Deferred Stock-Based Compensation [Member] Director [Member] July 2009 Grant [Member]	Aug. 31, 2010 Deferred Stock-Based Compensation [Member] Director [Member] August 2010 Grant [Member]	Dec. 31, 2012 Deferred Stock-Based Compensation [Member] Director [Member] August 2010 Grant [Member]	Dec. 31, 2011 Deferred Stock-Based Compensation [Member] Director [Member] August 2010 Grant [Member]	Dec. 31, 2010 Deferred Stock-Based Compensation [Member] Director [Member] August 2010 Grant [Member]	Jul. 31, 2011 Deferred Stock-Based Compensation [Member] Director [Member] July 2011 Grant [Member]	Dec. 31, 2012 Deferred Stock-Based Compensation [Member] Director [Member] July 2011 Grant [Member]	Dec. 31, 2011 Deferred Stock-Based Compensation [Member] Director [Member] July 2011 Grant [Member]	Dec. 31, 2010 Deferred Stock-Based Compensation [Member] Director [Member] July 2011 Grant [Member]	Jul. 31, 2012 Deferred Stock-Based Compensation [Member] Director [Member] July 2012 Grant [Member]	Dec. 31, 2012 Deferred Stock-Based Compensation [Member] Director [Member] July 2012 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Peter Mak [Member] July 2009 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Ronald Lee [Member] July 2009 Grant [Member]	Aug. 31, 2010 Deferred Stock-Based Compensation [Member] Ronald Lee [Member] August 2010 Grant [Member]	Jul. 31, 2011 Deferred Stock-Based Compensation [Member] Ronald Lee [Member] July 2011 Grant [Member]	Jul. 31, 2012 Deferred Stock-Based Compensation [Member] Ronald Lee [Member] July 2012 Grant [Member]	Jul. 31, 2009 Deferred Stock-Based Compensation [Member] Gerald Godfrey [Member] July 2009 Grant [Member]	Aug. 31, 2010 Deferred Stock-Based Compensation [Member] Gerald Godfrey [Member] August 2010 Grant [Member]	Jul. 31, 2011 Deferred Stock-Based Compensation [Member] Gerald Godfrey [Member] July 2011 Grant [Member]	Jul. 31, 2012 Deferred Stock-Based Compensation [Member] Gerald Godfrey [Member] July 2012 Grant [Member]	Aug. 31, 2010 Deferred Stock-Based Compensation [Member] Serge Choukroun [Member] August 2010 Grant [Member]	Jul. 31, 2011 Deferred Stock-Based Compensation [Member] Serge Choukroun [Member] July 2011 Grant [Member]	Nov. 08, 2011 Deferred Stock-Based Compensation [Member] Charles Liu [Member] November 2011 Grant [Member]	Jul. 31, 2012 Deferred Stock-Based Compensation [Member] Charles Liu [Member] July 2012 Grant [Member]	Dec. 31, 2012 Warrant Granted in August 2006 [Member]
Class of Warrant or Right [Line Items]
Number of shares covered by option																																																		20,000
Exercise price of warrant																																																		3.50
Number of days between vesting of shares																																																		45 days
Expiration of warrant																																																		Aug. 25, 2016
Expected dividend																																																		0.00%
Volatility																																																		192.00%
Risk-free rate																																																		4.50%
Expected life (years)																																																		1 year
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Shares issued																	400,000				6,000,000	2,000,000	360,000				360,000				360,000				360,000		120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	75,000	120,000
Common stock, par value per share	$ 0.001	$ 0.001
Non-cash stock-based compensation															$ 300,000	$ 600,000			$ 7,500	$ 37,500						$ 18,000			$ 27,818	$ 26,181		$ 13,890	$ 7,860			$ 33,300
Deferred stock-based compensation													1,200,000
Share-based Goods and Nonemployee Services Transaction [Line Items]
Number of shares granted and reserved for issuance									700,000		6,000,000	2,500,000
Shares issued for services rendered			4,000,000				540,541		600,000		4,000,000	2,500,000
Non-cash stock-based compensation	$ 390,000				$ 60,000					$ 88,000

XML

ACCOUNTS RECEIVABLE, NET (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
ACCOUNTS RECEIVABLE, NET [Abstract]
Accounts receivable	$ 732,261	$ 159,362
Less: allowance for doubtful debts	(13,220)	(13,222)
Total	719,041	146,140
Allowance of doubtful debts for accounts receivable			$ 8,546

XML

PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2012

PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET [Abstract]

Schedule of Prepaid Expenses and Other Current Assets, Net

Prepaid expenses and other current assets, net as of December 31, 2012 and 2011 were as follows:

	2012		2011
Payments from customers withheld by a third party	$	1,524,481	$	1,525,966
Prepaid expenses		108,102		155,075
Rental deposits		55,049		40,168
Other receivables		333		274
Sub-total		1,687,965		1,721,483
Less: allowance for doubtful debts		(1,526,574)		(1,528,059)
Total	$	161,391	$	193,424

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EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2012

EQUIPMENT, NET [Abstract]

Schedule of Equipment, Net

Equipment, net as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Media display equipment	$	957,071	$	4,156,851
Office equipment		81,091		159,545
Furniture and fixtures		1,262		10,907
Motor vehicles		97,249		39,564
Leasehold improvement		87,618		-
Construction in progress		-		9,536
Sub-Total		1,224,219		4,376,403
Less: accumulated depreciation		(968,098)		(1,307,568)
Less: provision for impairment		-		(2,705,239)
Total	$	256,121	$	363,596

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A) Basis of Presentation and Preparation

These consolidated financial statements of the Company have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP").

These consolidated financial statements were prepared on a going concern basis. The Company has determined that the going concern basis of preparation is appropriate based on its estimates and judgments of future performance of the Company, future events and projected cash flows. At each balance sheet date, the Company evaluates its estimates and judgments as part of its going concern assessment. Based on its assessment, the Company believes there are sufficient financial and cash resources to finance the Company as a going concern in the next twelve months. Accordingly, management has prepared the financial statements on a going concern basis.

(B) Principles of Consolidation

The consolidated financial statements include the financial statements of Network CN Inc., its subsidiaries and variable interest entities for which it is the primary beneficiary. These variable interest entities are those in which the Company, through contractual arrangements, bears the risks and enjoys the rewards normally associated with ownership of the entities. Upon making this determination, the Company is deemed to be the primary beneficiary of these entities, which are then required to be consolidated for financial reporting purpose. All significant intercompany transactions and balances have been eliminated upon consolidation.

(C) Use of Estimates

In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Differences from those estimates are reported in the period they become known and are disclosed to the extent they are material to the consolidated financial statements taken as a whole.

(D) Cash and Cash Equivalents

Cash includes cash on hand, cash accounts, and interest bearing savings accounts placed with banks and financial institutions. For the purposes of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. As of December 31, 2012 and 2011, the Company had no cash equivalents.

(E) Allowance for Doubtful Debts

Allowance for doubtful debts is made against receivables to the extent they are considered to be doubtful. Receivables in the consolidated balance sheet are stated net of such allowance. The Company records its allowance for doubtful debts based upon its assessment of various factors. The Company considers historical experience, the age of the receivable balances, the credit quality of its customers, current economic conditions, and other factors that may affect customers' ability to pay to determine the level of allowance required.

(F) Prepayments for Advertising Operating Rights, Net

Prepayments for advertising operating rights are measured at cost less accumulated amortization and impairment losses, if any. Cost includes prepaid expenses directly attributable to the acquisition of advertising operating rights. Such prepaid expenses are in general charged to the consolidated statements of operations on a straight-line basis over the operating period. All the costs expected to be amortized after twelve months of the balance sheet date are classified as non-current assets.

An impairment loss is recognized when the carrying amount of the prepayments for advertising operating rights exceeds the sum of the undiscounted cash flows expected to be generated from the advertising operating right's use and eventual disposition. An impairment loss is measured as the amount by which the carrying amount exceeds the fair value of the asset calculated using a discounted cash flow analysis.

(G) Investments in available-for-sale securities

The Company's marketable equity securities are classified as available-for-sale investments and are reported at fair value, with unrealized gains and losses, net of tax, recorded in accumulated other comprehensive income. Realized gains or losses and declines in value judged to be other-than-temporary, if any, on available-for-sale securities are reported in other (expense) income, net. The Company evaluates the investments periodically for possible other-than-temporary impairment. When assessing other-than-temporary impairment of equity securities, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer, the Company's intent to hold the investment for a period of time which may be sufficient for an anticipated recovery in market value, and whether its cash flow needs may require the Company to sell the investment. If appropriate, the Company records impairment charges equal to the amount that the carrying value of an equity security exceeds the estimated fair value of such security as of the evaluation date. In computing realized gains and losses on available-for-sale securities, the Company determines cost based on amounts paid, including direct costs such as commissions to acquire the security, using the specific identification method.

The determination of current or noncurrent status for individual available-for-sale securities is made on the basis of whether or not the securities are considered working capital available for current operations under Accounting Standards Codification, or ASC, Topic 210-10-45. We determined that investments in available-for-sale securities have not been made for the purposes of control, affiliation, or other continuing business advantage. As of December 31, 2012 and 2011, the Company had no investment in available-for-sale securities.

(H) Equipment, Net

Equipment is stated at cost less accumulated depreciation and impairment losses, if any. Depreciation is provided on a straight-line basis, less estimated residual values over the assets' estimated useful lives. The estimated useful lives are as follows:

Media display equipment	5 - 7 years
Office equipment	3 - 5 years
Furniture and fixtures	3 - 5 years
Motor vehicles	5 years
Leasehold improvements	Over the unexpired lease terms

Construction in progress is carried at cost less impairment losses, if any. It relates to construction of media display equipment. No provision for depreciation is made on construction in progress until the relevant assets are completed and put into use.

When equipment is retired or otherwise disposed of, the related cost, accumulated depreciation and provision for impairment loss, if any are removed from the respective accounts, and any gain or loss is reflected in the consolidated statements of operations. Repairs and maintenance costs on equipment are expensed as incurred.

(I) Impairment of Long-Lived Assets

Long-lived assets, such as equipment, are reviewed for impairment whenever events or changes in circumstance indicate that the carrying amount of the assets may not be recoverable. An impairment loss is recognized when the carrying amount of a long-lived asset exceeds the sum of the undiscounted cash flows expected to be generated from the asset's use and eventual disposition. An impairment loss is measured as the amount by which the carrying amount exceeds the fair value of the asset calculated using a discounted cash flow analysis.

(J) Deferred Charges, Net

Deferred charges are fees and expenses directly related to the issuance of convertible promissory notes, including placement agents' fees. Deferred charges are capitalized and amortized over the life of the convertible promissory notes using the effective interest method. Amortization of deferred charges is included in amortization of deferred charges and debt discount on the consolidated statements of operations while the unamortized balance is included in deferred charges on the consolidated balance sheets. All the costs expected to be amortized after twelve months of the consolidated balance sheet date are classified as non-current assets.

(K) Convertible Promissory Notes and Warrants

1) Debt Restructuring and Issuance of 1% Convertible Promissory Note

On April 2, 2009, the Company issued 1% unsecured senior convertible promissory notes to the previous 3% convertible promissory note holders who agreed to cancel these 3% convertible promissory notes in the principal amount of $5,000,000 (including all accrued and unpaid interest thereon), and all of the warrants, in exchange for the 1% unsecured senior convertible promissory notes in the principal amount of $5,000,000. The 1% convertible promissory notes bear interest at 1% per annum, payable semi-annually in arrears, mature on April 1, 2012, and are convertible at any time into shares of the Company's common stock at a fixed conversion price of $0.1163 per share, subject to customary anti-dilution adjustments. Pursuant to ASC Topic 470-50 and ASC Topic 470-50-40, the Company determined that the original convertible notes and the 1% convertible notes were with substantially different terms and hence the exchange was recorded as an extinguishment of original notes and issuance of new notes.

The Company determined the 1% convertible promissory notes to be conventional convertible instruments under ASC Topic 815-40-25. Its embedded conversion option was qualified for equity classification pursuant to ASC Topic 815-40, and ASC Topic 815-10-15-74. The embedded beneficial conversion feature was recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The debt discount resulting from the allocation of proceeds to the beneficial conversion feature is amortized over the term of the 1% convertible promissory notes from the respective dates of issuance using the effective interest method.

2) Extension of 1% Convertible Promissory Note

The 1% convertible promissory notes matured on April 1, 2012 and on the same date, the Company and the note holders agreed to the following: 1) extension of the maturity date of the 1% convertible promissory notes for a period of two years and 2) modification of the 1% convertible promissory notes to be convertible at any time into shares of the Company's common stock at a conversion price of $0.09304 per share, subject to customary anti-dilution adjustments. In all other respects not specifically mentioned, the terms of the 1% convertible promissory notes remain the same and are fully enforceable in accordance with their terms. Subsequently, the Company issued new 1% convertible promissory notes maturing on April 1, 2014 to the note holders. Pursuant to ASC Topic 470-50-40-10, the Company determined that the modification is substantially different and hence the modification was recorded as an extinguishment of notes and issuance of new notes. Pursuant to ASC Topic 470-20-40-3, the Company allocated the amount of the reacquisition price to the repurchased beneficial conversion feature using the intrinsic value of that conversion feature at the extinguishment date and the residual amount would be allocated to the convertible security. Thus, the Company recorded a gain on extinguishment of debt.

The Company determined the modified new 1% convertible promissory notes to be conventional convertible instruments under ASC Topic 815-40-25. Its embedded conversion option was qualified for equity classification pursuant to ASC Topic 815-40, and ASC Topic 815-10-15-74. The embedded beneficial conversion feature was recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The debt discount resulting from the allocation of proceeds to the beneficial conversion feature is amortized over the term of the new 1% convertible promissory notes from the respective dates of issuance using the effective interest method.

(L) Revenue Recognition

The Company recognizes revenue in the period when advertisements are either aired or published.

(M) Stock-based Compensation

The Company adopted ASC Topic 718, using a modified prospective application transition method, which establishes accounting for stock-based awards in exchange for employee services. Under this application, the Company is required to record stock-based compensation expense for all awards granted after the date of adoption and unvested awards that were outstanding as of the date of adoption. ASC Topic 718 requires that stock-based compensation cost is measured at grant date, based on the fair value of the award, and recognized as expense over the requisite services period.

Common stock, stock options and warrants issued to other than employees or directors in exchange for services are recorded on the basis of their fair value, as required by ASC Topic 718. In accordance with ASC Topic 505-50, the non-employee stock options or warrants are measured at their fair value by using the Black-Scholes option pricing model as of the earlier of the date at which a commitment for performance to earn the equity instruments is reached ("performance commitment date") or the date at which performance is complete ("performance completion date"). The stock-based compensation expenses are recognized on a straight-line basis over the shorter of the period over which services are to be received or the vesting period. Accounting for non-employee stock options or warrants which involve only performance conditions when no performance commitment date or performance completion date has occurred as of reporting date requires measurement at the equity instruments then-current fair value. Any subsequent changes in the market value of the underlying common stock are reflected in the expense recorded in the subsequent period in which that change occurs.

(N) Income Taxes

The Company accounts for income taxes under ASC Topic 740. Under ASC Topic 740, deferred tax assets and liabilities are provided for the future tax effects attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and for the expected future tax benefits from items including tax loss carry forwards.

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or reversed. Under ASC Topic 740, the expense or benefit related to adjusting deferred tax assets and liabilities as a result of a change in tax rates is recognized in income or loss in the period that includes the enactment date.

(O) Comprehensive Income (Loss)

The Company follows ASC Topic 220 for the reporting and display of its comprehensive income (loss) and related components in the financial statements and thereby reports a measure of all changes in equity of an enterprise that results from transactions and economic events other than transactions with the shareholders. Items of comprehensive income (loss) are reported in both the consolidated statements of operations and comprehensive loss and the consolidated statement of stockholders' equity.

(P) Earnings (Loss) Per Common Share

Basic earnings (loss) per common share are computed in accordance with ASC Topic 260 by dividing the net income (loss) attributable to holders of common stock by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares including the dilutive effect of common share equivalents then outstanding.

The diluted net loss per common share is the same as the basic net loss per share for the years ended December 31, 2012, 2011 and 2010 as all potential ordinary shares including stock options and warrants are anti-dilutive and are therefore excluded from the computation of diluted net loss per share.

(Q) Operating Leases

Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease period.

(R) Capital Leases

Leases are classified as capital leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to lessee. Assets held under capital leases are initially recognized as assets at their fair value or, if lower, the present value of the minimum lease payments. Each lease payment is allocated between the liability and finance charges so as to achieve a constant rate on the finance balance outstanding. The interest elements of the finance cost is charged to the consolidated statements of operations over the lease period so as to produce a constant rate of interest on the remaining balance of the liability for each period. The equipment acquired under finance leases is depreciated over the shorter of the useful life of the asset and the lease term.

(S) Foreign Currency Translation

The assets and liabilities of the Company's subsidiaries and variable interest entities denominated in currencies other than U.S. dollars are translated into U.S. dollars using the applicable exchange rates at the balance sheet date. For consolidated statements of operations' items, amounts denominated in currencies other than U.S. dollars were translated into U.S. dollars using the average exchange rate during the year. Equity accounts were translated at their historical exchange rates. Net gains and losses resulting from translation of foreign currency financial statements are included in the statements of stockholders' equity as accumulated other comprehensive income (loss). Foreign currency transaction gains and losses are reflected in the consolidated statements of operations.

(T) Fair Value of Financial Instruments

ASC Topic 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

ASC Topic 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC Topic 820 establishes three levels of inputs that may be used to measure fair value:

Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 - Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The carrying value of the Company's financial instruments, which consist of cash, accounts receivable, prepayments for advertising operating rights, prepaid expenses and other current assets, accounts payable, accrued expenses and other payables, approximates fair value due to the short-term maturities.

The carrying value of the Company's financial instruments related to warrants associated with convertible promissory notes is stated at a value being equal to the allocated proceeds of convertible promissory notes based on the relative fair value of notes and warrants. In the measurement of the fair value of these instruments, the Black-Scholes option pricing model is utilized, which is consistent with the Company's historical valuation techniques. These derived fair value estimates are significantly affected by the assumptions used. As the allocated value of the financial instruments related to warrants associated with convertible promissory notes is recorded in additional paid-in capital, the financial instruments related to warrants were not required to mark to market as of each subsequent reporting period.

(U) Concentration of Credit Risk

The Company places its cash with various financial institutions. The Company believes that no significant credit risk exists as these cash investments are made with high-credit-quality financial institutions.

All the revenue of the Company and a significant portion of the Company's assets are generated and located in China. The Company's business activities and accounts receivable are mainly from advertising services. Deposits are usually collected from customers in advance and the Company performs ongoing credit evaluation of its customers. The Company believes that no significant credit risk exists as credit loss.

The Company engaged in the provision of out-of-home advertising in China. As of December 31, 2012 and 2011, one customer accounted for approximately 86% and 35% of its accounts receivable balances. Due to the longstanding nature of its relationships with these customers and contractual obligations, the Company is confident that it will recover these amounts. The Company establishes an allowance for doubtful debts accounts upon its assessment of various factors. The Company considers historical experience, the age of the receivable balances, the credit quality of its customers, current economic conditions, and other factors that may affect customers' ability to pay to determine the level of allowance required.

(V) Segmental Reporting

ASC Topic 280 establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organization structure as well as information about geographical areas, business segments and major customers in financial statements. The Company's operating segments are organized internally primarily by the type of services rendered. Accordingly, it is management's view that the services rendered by the Company are of one operating segment: Media Network.

(W) Recent Accounting Pronouncements

In December 2011, FASB issued ASU No. 2011-10, Property, Plant, and Equipment (Topic 360): Derecognition of in Substance Real Estate-a Scope Clarification (a consensus of the FASB Emerging Issues Task Force). The objective of this update is to resolve the diversity in practice about whether the guidance in Subtopic 360-20 applies to a parent that ceases to have a controlling financial interest (as described in Subtopic 810-10) in a subsidiary that is in substance real estate as a result of default on the subsidiary's nonrecourse debt. This update does not address whether the guidance in Subtopic 360-20 would apply to other circumstances when a parent ceases to have a controlling financial interest in a subsidiary that is in substance real estate. The amendments in this update should be applied on a prospective basis to deconsolidation events occurring after the effective date. Prior periods should not be adjusted even if the reporting entity has continuing involvement with previously derecognized in substance real estate entities. For public entities, the amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after June 15, 2012. Early adoption is permitted. The adoption of ASU No. 2011-10 did not have a material impact on our financial statements.

In December 2011, FASB issued ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities The amendments in this update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. Management is currently evaluating the potential impact of ASU No. 2011-11 on our financial statements.

In July 2012, FASB issued ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment The objective of the amendments in this update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. For public entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. For nonpublic entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2013. Management is currently evaluating the potential impact of ASU No. 2012-02 on our financial statements.

In October 2012, FASB issued ASU No. 2012-04, Technical Corrections and Improvements: The amendments in this Update cover a wide range of Topics in the Codification. These amendments are presented in two sections-Technical Corrections and Improvements (Section A) and Conforming Amendments Related to Fair Value Measurements (Section B). For public entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. For nonpublic entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2013. Management is currently evaluating the potential impact of ASU No. 2012-04 on our financial statements.

(X) Reclassifications

Certain amounts reported for prior years have been reclassified to conform to the current year's presentation.

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DEFERRED CHARGES, NET (Tables)

12 Months Ended

Dec. 31, 2012

DEFERRED CHARGES, NET [Abstract]

Schedule of Deferred Charges, Net

Deferred charges, net as of December 31, 2012 and 2011 were as follows:

	2012		2011
Deferred charges	$	250,000	$	250,000
Less: accumulated amortization		(250,000)		(218,308)
Total	$	-	$	31,692
Current portion	$	-	$	31,692
Non-current portion		-		-
Total	$	-	$	31,692

XML

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

Schedule of Loss before Income Taxes and Noncontrolling Interests by Geographical Locations

Income is subject to taxation in various countries in which the Company operates. The (income) loss before income taxes by geographical locations for the years ended December 31, 2012, 2011 and 2010 was summarized as follows:

	2012		2011		2010
United States	$	(19,538)	$	1,034,827	$	735,120
Foreign		1,230,167		1,067,721		1,868,264
	$	1,210,629	$	2,102,548	$	2,603,384

Schedule of Income Tax Expenses by Geographical Locations

Income tax expenses by geographical locations for the years ended December 31, 2012, 2011 and 2010 were summarized as follows:

	2012		2011		2010
Current
United States	$	-	$	-	$	-
Foreign		-		-		-
	$	-	$	-	$	-
Deferred
United States	$	-	$	-	$	-
Foreign		-		-		-
	$	-	$	-	$	-

Reconciliation of Effective Income Tax to Statutory Rate

The reconciliation of the effective income tax of the Company to the U.S. federal statutory rate was as follows:

	2012		2011		2010
Expected income tax benefit	$	411,614	$	714,866	$	885,151
Operating loss carried forward		(295,762)		(179,200)		(97,153	)
Nondeductible income (expenses)		302,405		(172,641)		(152,788	)
Tax effect on foreign income which is not subject U.S. federal corporate income tax rate of 34%		(418,257)		(363,025)		(635,210	)
	$	-	$	-	$	-

Schedule of Deferred Tax Assets and Liabilities

An analysis of the Company's deferred tax liabilities and deferred tax assets as of December 31, 2012, 2011 and 2010 was as follows:

		2012		2011		2010
Deferred tax assets:
Effect of net operating loss carried forward	$	8,058,771	$	7,763,009	$	7,583,809
Less: valuation allowance		(8,058,771)		(7,763,009)		(7,583,809	)
Net deferred tax assets	$	-	$	-	$	-

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CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Schedule of Interest Expenses) (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Debt Instrument [Line Items]
Interest expense	$ 50,000	$ 50,000	$ 50,001
New 1% Unsecured Senior Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Interest expense	37,397
1% Unsecured Senior Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Interest expense	$ 12,603	$ 50,000	$ 50,001

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CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
Current Assets
Cash	$ 21,008	$ 65,623
Accounts receivable, net	719,041	146,140
Prepayments for advertising operating rights, net	581,990	182,969
Prepaid expenses and other current assets, net	161,391	193,424
Deferred charges, net		31,692
Total Current Assets	1,483,430	619,848
Equipment, Net	256,121	363,596
TOTAL ASSETS	1,739,551	983,444
Current Liabilities
Accounts payable, accrued expenses and other payables	3,518,732	1,227,782
1% convertible promissory notes due 2012, net		4,812,080
Capital lease obligation	10,328
Total Current Liabilities	3,529,060	6,039,862
Non-Current Liabilities
1% convertible promissory notes due 2014, net	2,201,797
Capital lease obligation, net of current portion	40,983
Total Non-Current Liabilities	2,242,780
TOTAL LIABILITIES	5,771,840	6,039,862
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 5,000,000 shares authorized None issued and outstanding
Common stock, $0.001 par value, 400,000,000 shares authorized Shares issued and outstanding: 103,604,467 and 96,504,467 as of December 31, 2012 and 2011 respectively	103,604	96,504
Additional paid-in capital	122,074,273	119,835,325
Accumulated deficit	(127,929,681)	(126,719,052)
Accumulated other comprehensive income	1,719,515	1,730,805
TOTAL STOCKHOLDERS' DEFICIT	(4,032,289)	(5,056,418)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 1,739,551	$ 983,444

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PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Gross carrying amount
Beginning	$ 914,846	$ 209,186
Addition	1,499,506	684,150
Translation adjustments	1,714	21,510
Total gross carrying amount	2,416,066	914,846	209,186
Accumulated amortization
Beginning	(731,877)
Amortization for the year	(1,098,447)	(714,921)	(1,115,593)
Translation adjustments	(3,752)	(16,956)
Total accumulated amortization	(1,834,076)	(731,877)
Prepayments for advertising operating rights, net	581,990	182,969
Write-off of provision for impairment losses against cost and accumulated amortization of certain prepayments for advertising operating rights			$ 112,892

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,210,629)	$ (2,102,548)	$ (2,603,384)
Depreciation and amortization:
Equipment and intangible assets	259,479	239,223	257,899
Deferred charges and debt discount	1,019,861	588,983	528,462
Gain on extinguishment of debt	(1,877,594)
Stock-based compensation for service	525,190	403,178	681,681
Loss (gain) on disposal of equipment	14,258	(24,222)	579,341
Allowance for doubtful debts			11,421
Gain from write-off of long-aged payables	(34,804)	(3,254)	(438,917)
Loss (gain) from sales of available-for-sale securities		228,285	(9,406)
Gain from disposal of subsidiaries			(3,655)
Net gain on deconsolidation of variable interest entities			(2,037)
Changes in operating assets and liabilities, net of effects from deconsolidation of variable interest entities and disposal of subsidiaries:
Accounts receivable	(572,901)	252,854	(317,274)
Prepayments for advertising operating rights, net	(401,059)	30,771	151,672
Prepaid expenses and other current assets, net	32,033	191,998	277,438
Accounts payable, accrued expenses and other payables	1,663,413	(193,546)	(665,644)
Net cash used in operating activities	(582,753)	(388,278)	(1,552,403)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment	(170,314)	(35,309)	(56,618)
Proceeds from sales of equipment	3,194	53,633	55,639
Purchase of available-for-sale securities			(908,441)
Proceeds from sales of available-for-sale securities, net		48,351	641,211
Net cash (used in) provided by investing activities	(167,120)	66,675	(268,209)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shareholder's loan		100,000
Proceeds from directors' loans	117,948	297,868
Proceeds from short-term loans	1,086,885
Proceeds from capital lease financing	57,692
Repayment of shareholder's loans		(100,000)
Repayment of directors' loans	(197,364)	(68,124)
Repayment of short-term loans	(345,128)
Repayment of capital lease obligation	(6,381)
Net cash provided by financing activities	713,652	229,744
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(8,394)	(13,139)	21,684
NET DECREASE IN CASH	(44,615)	(104,998)	(1,798,928)
CASH, BEGINNING OF YEAR	65,623	170,621	1,969,549
CASH, END OF YEAR	21,008	65,623	170,621
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income taxes
Interest paid	$ 33,331	$ 50,000	$ 50,180

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NET LOSS PER COMMON SHARE (Details) (USD $)	12 Months Ended
	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
NET LOSS PER COMMON SHARE [Abstract]
Net loss	$ (1,210,629)		$ (2,102,548)		$ (2,603,384)
Weighted average number of shares outstanding, basic	96,895,329		86,970,220		84,509,069
Effect of dilutive securities
Options and warrants
Weighted average number of shares outstanding, diluted	96,895,329		86,970,220		84,509,069
Net loss per common share - basic and diluted	$ (0.01)		$ (0.02)		$ (0.03)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common equivalent shares	65,139,057		52,917,816		55,419,719
Warrant Granted in August 2006 [Member]
Class of Warrant or Right [Line Items]
Number of shares covered by option	20,000
Exercise price of warrant	3.50
Expiration of warrant	Aug. 25, 2016
Stock Warrants for Services [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common equivalent shares		[1]		[1]		[1]
Conversion Feature Associated with Convertible Promissory Notes to Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common equivalent shares	53,740,327		42,992,261		42,992,261
Common Stock to be Granted to Directors Executives and Employees for Services (Including Non-vested Shares) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common equivalent shares
Common Stock to be Granted to Consultants for Services (Including Non-vested Shares) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common equivalent shares	20,000		20,000		20,000
Stock Options Granted to Keywin [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common equivalent shares	11,378,730		9,905,555		12,407,458

[1] As of December 31, 2012, the number of potential common equivalent shares associated with warrants issued for services was nil, which was related to a warrant to purchase 20,000 shares of common stock issued by the Company to a consultant in 2006 for service rendered at an exercise price of $3.50, which will expire in August 2016.

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CAPITAL LEASE OBLIGATION (Tables)

12 Months Ended

Dec. 31, 2012

CAPITAL LEASE OBLIGATION [Abstract]

Schedule of Capital Leases

As of December 31, 2012, the gross amount of the motor vehicle under capital leases was $57,692. The following is a schedule by years of future minimum lease payment under capital leases together with the present value of the net minimum lease payment as of December 31, 2012.

Fiscal years ending December 31,
2013		13,846
2014		13,846
2015		13,846
2016		13,846
2017		4,616
Total minimum lease payments		60,000
Less: Amount representing interest		(8,689)
Present value of net minimum lease payment		51,311
Less: Current portion		(10,328)
Non-current portion	$	40,983

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BUSINESS SEGMENTS FROM CONTINUING OPERATIONS

12 Months Ended

Dec. 31, 2012

BUSINESS SEGMENTS FROM CONTINUING OPERATIONS [Abstract]

BUSINESS SEGMENTS FROM CONTINUING OPERATIONS

NOTE 16 BUSINESS SEGMENTS FROM CONTINUING OPERATIONS

The Company operates in one single business segment: Media Network, providing out-of home advertising services.

Geographic Information

The Group operates in the PRC and all of the Company's long lived assets are located in the PRC.

Major Customers

An analysis of percentage of advertising sales to major customers is as follows:

	2012	2011	2010
Customer A	-	-	16%
Customer B	-	-	11%
Customer C	-	19%	-
Customer D	-	11%	-
Customer E	-	10%	-
Customer F	12%	-	-
Customer G	11%	-	-
Customer H	10%	-	-

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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

Schedule of Minimum Lease Obligations

The Company's existing rental leases do not contain significant restrictive provisions. The following is a schedule by year of future minimum lease obligations under non-cancelable rental operating leases as of December 31, 2012:

Fiscal years ending December 31,
2013	$	146,833
2014		131,476
2015		-
Thereafter		-
Total	$	278,309

Schedule of Estimated Future Annual Commitment

The following table sets forth the estimated future annual commitment of the Company with respect to the advertising operating rights of panels that the Company held as of December 31, 2012:

Fiscal years ending December 31,
2013	$	766,544
2014		523,678
2015		-
Thereafter		-
Total	$	1,290,222

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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2012

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE 18 SUBSEQUENT EVENTS

Legal Proceedings

The Company derived all its revenues mainly from its operation of the 52 roadside advertising panels along Nanjing Road in Shanghai, China (the "Shanghai Road Project") for the year ended December 31, 2012. On March 19, 2013, Yi Gao received a legal letter dated March 18, 2013 from the legal counsel of Shanghai Chuangtian Advertising Company Limited ("Chuangtian"), the authorizing party of the Shanghai Road Project. The letter alleged Yi Gao had not paid the right fees of RMB1,157,000 (equivalent to approximately US$184,400 at the then-prevailing exchange rate) on February 15, 2013 for the period from April 1, 2013 to June 30, 2013 pursuant to the concession right contract, such that Yi Gao breached the concession right contract and Chuangtian can exercise its rights to terminate this contract on March 18, 2013. The legal letter also demanding the payment of right fees totaling RMB52,000 (equivalent to approximately US$8,290 at the then-prevailing exchange rate) together with late payment surcharges of RMB94,900 (equivalent to approximately US$15,100 at the then-prevailing exchange rate) and electricity charges of RMB34,345 (equivalent to approximately US$5,470 at the then-prevailing exchange rate) before March 28, 2013.

On March 28, 2013, Yi Gao transferred the assets rights of the LED panels to Chuangtian. On April 12, 2013, Yi Gao received a notice from the People's Court of Huangpu District, Shanghai that Chuangtian, as plaintiff, had initiated a contract dispute against Yi Gao seeking an aggregate of RMB216,900 (equivalent to approximately US$34,500 at the then-prevailing exchange rate) for unpaid right fees, penalty and electricity charges.

The Company had not operated the respective advertising panels pursuant to the concession right contract started on April 1, 2013. At present, the outcome of this lawsuit cannot be reasonably predicted. In light of our current liquidity position, we believe that the outcome of this litigation may have a material impact on our cash flow.

On March 27, 2013, Yi Gao received a legal letter dated March 27, 2013 from the legal counsel of Chuangtian, customer of the Shanghai Road Project, alleged to terminate the advertising contract on March 18, 2013 and demanding the refund of advertising fee for the period from April 1, 2013 to June 30, 2013 totaling RMB202,500 (equivalent to approximately US$32,300 at the then-prevailing exchange rate) before March 30, 2013. On April 12, 2013, Yi Gao received a notice from the People's Court of Huangpu District, Shanghai that Chuangtian, as plaintiff, had initiated a contract dispute against Yi Gao seeking an aggregate of RMB202,500 (equivalent to approximately US$32,300 at the then-prevailing exchange rate) for refund of advertising fee. At present, the outcome of this lawsuit cannot be reasonably predicted. In light of our current liquidity position, we believe that the outcome of this litigation may have a material impact on our cash flow.

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ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2012

ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

NOTE 1 ORGANIZATION AND PRINCIPAL ACTIVITIES

Network CN Inc. was originally incorporated on September 10, 1993 in Delaware with headquarters in the Hong Kong Special Administrative Region of the People's Republic of China ("PRC" or "China"). Since August 2006, Network CN Inc., its subsidiaries and variable interest entity for which it is the primary beneficiary (collectively "NCN" or the "Company" "we", "our" or "us") has been principally engaged in the provision of out-of-home advertising in China through the operation of a network of roadside LED digital video panels, mega-size LED digital video billboards and light boxes in major cities.

Details of the Company's principal subsidiaries and variable interest entity as of December 31, 2012 are described in Note 3 - Subsidiaries and Variable Interest Entity.

Going Concern

The Company has experienced recurring net losses of $1.2 million, $2.1 million and $2.6 million for the years ended December 31, 2012, 2011 and 2010 respectively. Additionally, the Company has net cash used in operating activities of $0.6 million, $0.4 million and $1.6 million for the years ended December 31, 2012, 2011 and 2010 respectively. As of December 31, 2012 and 2011, the Company has stockholders' deficit of $4.0 million and $5.1 million, respectively. These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company's plans regarding those concerns are addressed in the following paragraph. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

In response to current financial conditions, the Company has undergone a drastic cost-cutting exercise, including reduction of the Company's workforce, office rentals and other general and administrative expenses. The Company has also continued to strengthen its sales force in order to increase its sales volume. In addition, since the latter half of 2011, the Company has expanded our focus from LED media and has actively explored new prominent media projects in order to provide a wider range of media and advertising services and improve our financial performance. During 2012, the Company secured a new media advertising project in Zhuhai and the project started to generate positive cashflow to the Company. In addition, the Company recently identified two media projects in China for which the Company is making a bid for consideration but the Company has not yet committed to any of these projects. Co-operation framework agreements were signed for the two identified media projects. If the Company is successful in its bid, the Company expects that these projects will improve the Company's future financial performance. Accordingly, the Company engaged an independent consultant to provide consulting services in connection with the Company's bid for the media project. The Company expects that the new projects can generate positive cashflow to the Company.

The existing cash and cash equivalents together with highly liquid current assets are insufficient to fund the Company's operations for the next twelve months. The Company will need to rely upon some combination of cash generated from the Company's operations, the proceeds from the potential exercise of the outstanding option held by Keywin Holdings Limited ("Keywin") to purchase $2 million in shares of the Company's common stock, or proceeds from the issuance of the Company's equity and debt securities as well as the exercise of the conversion option by the Company's note holders to convert the notes to the Company's common stock, in order to maintain the Company's operations. Based on the Company's best estimates, the Company believes that there are sufficient financial resources to meet the cash requirements for the coming twelve months and the consolidated financial statements have been prepared on a going concern basis. However, there can be no assurance the Company will be able to continue as a going concern.

Reverse Stock Split

On July 5, 2011, the Board of Directors of the Company unanimously adopted a resolution approving an amendment to the Certificate of Incorporation to effect a 1-for-5 reverse stock split of all outstanding shares of common stock, which the Company effected on September 16, 2011 (the "Reverse Split") and a reduction of its authorized shares of common stock from 2,000,000,000 to 400,000,000 shares.

Shareholders received one new share of common stock in replacement of every five shares held on July 5, 2011, the record date for the Reverse Split. The Reverse Split did not change the stockholder's ownership percentage of the common stock, except for minimal changes resulting from the treatment of fractional shares. The Company did not issue any fractional shares as a result of the Reverse Split. The number of shares issued to each stockholder was rounded up to the nearest whole number if, as a result of the Reverse Split, the number of shares owned by any stockholder would not be a whole number.

The Reverse Split proportionately reduced all issued and outstanding shares of the Company's common stock, as well as common stock underlying stock options, warrants and other common stock based equity grants outstanding and the respective exercise prices were proportionately increased in accordance with the terms of the agreements governing such securities. Shares of common stock reserved for issuance upon the conversion of the Company's convertible notes were also proportionately reduced and the respective conversion prices were proportionately increased.

All references to shares in the accompanying financial statements and notes thereto including but not limited to the number of shares and per share amounts (except par value), unless otherwise noted, have been adjusted to reflect the Reverse Split retroactively. Previously awarded options and warrants to purchase shares of the Company's common stock have also been retroactively adjusted to reflect the Reverse Split.

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2012	Dec. 31, 2011
STOCKHOLDERS' DEFICIT
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	103,604,467	96,504,467
Common stock, shares outstanding	103,604,467	96,504,467

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CAPITAL LEASE OBLIGATION

12 Months Ended

Dec. 31, 2012

CAPITAL LEASE OBLIGATION [Abstract]

CAPITAL LEASE OBLIGATION

NOTE 11 CAPITAL LEASE OBLIGATION

As of December 31, 2012, the gross amount of the motor vehicle under capital leases was $57,692. The following is a schedule by years of future minimum lease payment under capital leases together with the present value of the net minimum lease payment as of December 31, 2012.

Fiscal years ending December 31,
2013		13,846
2014		13,846
2015		13,846
2016		13,846
2017		4,616
Total minimum lease payments		60,000
Less: Amount representing interest		(8,689)
Present value of net minimum lease payment		51,311
Less: Current portion		(10,328)
Non-current portion	$	40,983

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Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	May 10, 2013	Jun. 30, 2012
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2012
Entity Registrant Name	NETWORK CN INC
Entity Central Index Key	0000934796
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		105,419,467
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 4.8

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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 12 COMMITMENTS AND CONTINGENCIES

Commitments

1. Rental Lease Commitment

The Company's existing rental leases do not contain significant restrictive provisions. The following is a schedule by year of future minimum lease obligations under non-cancelable rental operating leases as of December 31, 2012:

Fiscal years ending December 31,
2013	$	146,833
2014		131,476
2015		-
Thereafter		-
Total	$	278,309

Rental expense for the years ended December 31, 2012, 2011 and 2010 was $205,299, $52,097 and $247,630 respectively. The provision of rental expenses in connection with the Chengtian litigation amounting to $137,307 was recovered during the year ended December 31, 2011.

2. Annual Advertising Operating Rights Fee Commitment

The Company, through its PRC operating companies, has acquired advertising rights from third parties to operate different types of advertising panels for certain periods.

The following table sets forth the estimated future annual commitment of the Company with respect to the advertising operating rights of panels that the Company held as of December 31, 2012:

Fiscal years ending December 31,
2013	$	766,544
2014		523,678
2015		-
Thereafter		-
Total	$	1,290,222

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
REVENUES
Advertising services	$ 1,835,940		$ 1,794,552		$ 2,207,479
COST OF REVENUES
Cost of advertising services	(1,467,698)		(1,115,461)		(1,503,898)
GROSS PROFIT	368,242		679,091		703,581
OPERATING EXPENSES
Selling and marketing	(267,595)		(521,109)		(449,320)
General and administrative	(2,092,180)		(1,489,460)		(2,756,180)
Gain from write-off of long-aged payables	34,804		3,254		438,917
Net allowance for doubtful debts					(11,421)
Total Operating Expenses	(2,324,971)		(2,007,315)		(2,778,004)
LOSS FROM OPERATIONS	(1,956,729)		(1,328,224)		(2,074,423)
OTHER INCOME (EXPENSES), NET
Interest income	155		254		1,374
Gain on extinguishment of debt	1,877,594
Other income (expenses), net	10,740		(135,595)		48,307
Total Other Income (Expenses), Net	1,888,489		(135,341)		49,681
INTEREST AND OTHER DEBT-RELATED EXPENSES
Amortization of deferred charges and debt discount	(1,019,861)		(588,983)		(528,462)
Interest expense	(122,528)		(50,000)		(50,180)
Total Interest and Other Debt-Related Expenses	(1,142,389)		(638,983)		(578,642)
NET LOSS BEFORE INCOME TAXES	(1,210,629)		(2,102,548)		(2,603,384)
Income taxes
NET LOSS	(1,210,629)		(2,102,548)		(2,603,384)
OTHER COMPREHENSIVE LOSS
Change in unrealized loss on available-for-sale securities, net of taxes					(153,559)
Reversal of unrealized loss on available-for-sale securities, net of taxes			153,559
Foreign currency translation (loss) gain	(11,290)		13,929		41,932
Total other comprehensive (loss) income	(11,290)		167,488		(111,627)
COMPREHENSIVE LOSS	$ (1,221,919)		$ (1,935,060)		$ (2,715,011)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED	$ (0.01)		$ (0.02)		$ (0.03)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	96,895,329	[1]	86,970,220	[1]	84,509,069	[1]

[1] As adjusted to give retroactive effect to the 1 for 5 shares reverse stock split which occurred on September 16, 2011.

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PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

12 Months Ended

Dec. 31, 2012

PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

NOTE 6 PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

Prepaid expenses and other current assets, net as of December 31, 2012 and 2011 were as follows:

	2012		2011
Payments from customers withheld by a third party	$	1,524,481	$	1,525,966
Prepaid expenses		108,102		155,075
Rental deposits		55,049		40,168
Other receivables		333		274
Sub-total		1,687,965		1,721,483
Less: allowance for doubtful debts		(1,526,574)		(1,528,059)
Total	$	161,391	$	193,424

For the years ended December 31, 2012, 2011 and 2010, the Company recorded an allowance for doubtful debt for prepaid expenses and other current assets of $nil, $nil and $2,875 respectively. The allowance for doubtful debts for prepaid expenses and other current assets was included in allowance for doubtful debts on the consolidated statements of operations.

The Company wrote off certain allowance for doubtful debts for prepaid expenses and other current assets of $nil, $nil and $9,690 for the years ended December 31, 2012, 2011 and 2010 respectively.

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PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET

12 Months Ended

Dec. 31, 2012

PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET [Abstract]

PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET

NOTE 5 PREPAYMENTS FOR ADVERTISING OPERATING RIGHTS, NET

Prepayments for advertising operating rights, net as of December 31, 2012 and 2011 were as follows:

	2012		2011
Gross carrying amount
Beginning	$	914,846	$	209,186
Addition		1,499,506		684,150
Translation adjustments		1,714		21,510
Total gross carrying amount		2,416,066		914,846
Accumulated amortization
Beginning		(731,877)		-
Amortization for the year		(1,098,447)		(714,921)
Translation adjustments		(3,752)		(16,956)
Total accumulated amortization		(1,834,076)		(731,877)
Prepayments for advertising operating rights, net	$	581,990	$	182,969

Total amortization expense of prepayments for advertising operating rights of the Company for the years ended December 31, 2012, 2011 and 2010 were $1,098,447, $714,921 and $1,115,593 respectively. The amortization expense of prepayments for advertising operating rights was included as cost of advertising services on the consolidated statement of operations.

Provision for impairment

As the Company recorded a continuous net loss, the Company performed an impairment review of its prepayments for advertising operating rights. The Company compared the carrying amount of the prepayments for advertising operating rights to the sum of the undiscounted cash flows expected to be generated. The Company determined their fair values using a discounted cash flow analysis if the carrying values exceeded undiscounted cash flows. Accordingly, the Company recorded no impairment loss for the years ended December 31, 2012, 2011 and 2010.

For the years ended December 31, 2012, 2011 and 2010, the Company recorded a write-off of provision for impairment losses against cost and accumulated amortization of certain prepayments for advertising operating rights amounted to $nil, $nil and $112,892 respectively.

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INCOME TAXES

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

INCOME TAXES

NOTE 17 INCOME TAXES

Income is subject to taxation in various countries in which the Company operates. The (income) loss before income taxes by geographical locations for the years ended December 31, 2012, 2011 and 2010 was summarized as follows:

	2012		2011		2010
United States	$	(19,538)	$	1,034,827	$	735,120
Foreign		1,230,167		1,067,721		1,868,264
	$	1,210,629	$	2,102,548	$	2,603,384

Income tax expenses by geographical locations for the years ended December 31, 2012, 2011 and 2010 were summarized as follows:

	2012		2011		2010
Current
United States	$	-	$	-	$	-
Foreign		-		-		-
	$	-	$	-	$	-
Deferred
United States	$	-	$	-	$	-
Foreign		-		-		-
	$	-	$	-	$	-

The reconciliation of the effective income tax of the Company to the U.S. federal statutory rate was as follows:

	2012		2011		2010
Expected income tax benefit	$	411,614	$	714,866	$	885,151
Operating loss carried forward		(295,762)		(179,200)		(97,153	)
Nondeductible income (expenses)		302,405		(172,641)		(152,788	)
Tax effect on foreign income which is not subject U.S. federal corporate income tax rate of 34%		(418,257)		(363,025)		(635,210	)
	$	-	$	-	$	-

An analysis of the Company's deferred tax liabilities and deferred tax assets as of December 31, 2012, 2011 and 2010 was as follows:

		2012		2011		2010
Deferred tax assets:
Effect of net operating loss carried forward	$	8,058,771	$	7,763,009	$	7,583,809
Less: valuation allowance		(8,058,771)		(7,763,009)		(7,583,809	)
Net deferred tax assets	$	-	$	-	$	-

The Company provided a full valuation allowance against the deferred tax assets as of December 31, 2012, 2011 and 2010 due to the uncertainty surrounding the realizability of these benefits in future tax returns.

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STOCKHOLDERS' DEFICIT

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' DEFICIT [Abstract]

STOCKHOLDERS' DEFICIT

NOTE 13 STOCKHOLDERS' DEFICIT

(A) Stock, Options and Warrants Issued for Services

1. In August 2006, the Company issued a warrant to purchase up to 20,000 shares of restricted common stock to a consultant at an exercise price $3.50 per share. One-fourth of the shares underlying the warrant became exercisable every 45 days beginning from the date of issuance. The warrant remains exercisable until August 25, 2016. The fair market value of the warrant was estimated on the grant date using the Black-Scholes option pricing model as required by SFAS 123R with the following assumptions and estimates: expected dividend 0%, volatility 192%, a risk-free rate of 4.5% and an expected life of one (1) year. The value of the warrant recognized for the years ended December 31, 2012, 2011 and 2010 were $nil. As of December 31, 2012, none of the warrant was exercised.

2. In July 2009, the Company granted an aggregate of 360,000 shares of common stock to the independent directors of the Company for their services to the Company covering the period from July 2, 2009 to July 1, 2010. Each independent director was granted shares of the Company's common stock subject to a vesting period of twelve months in the following amounts: Peter Mak: 120,000 shares; Ronald Lee: 120,000 shares; and Gerald Godfrey:120,000 shares. Such shares with par value of $0.001 were issued on July 28, 2009 but will not be vested until July 1, 2010 after which the relevant share certificate will be handed to the independent directors. However, Mr. Mak resigned as directors on December 31, 2009. Therefore, he is no longer entitled to those shares. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $nil, $nil and $18,000 of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 respectively.

3. In July 2009, the Company granted an aggregate of 400,000 shares of common stock to Jennifer Fu, Former Chief Financial Officer and one employee of the Company individually for their services to the Company covering the period from July 15, 2009 to July 14, 2011. Such shares with par value of $0.001 were issued on July 28, 2009 but will not vest until July 14, 2010 after which the relevant share certificate will be handed to the employees. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $nil, $7,500 and $37,500 of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 respectively.

4. In July 2009, NCN Group Management Limited entered into Executive Employment Agreements with Earnest Leung, Chief Executive Officer and Godfrey Hui, Former Deputy Chief Executive Officer. Pursuant to the agreements, Dr. Earnest Leung and Mr. Godfrey Hui were granted 6,000,000 and 2,000,000 shares, respectively, for their services rendered during the period from July 1, 2009 to June 30, 2011. Such shares with par value of $0.001 each were issued to the concerned executives on July 28, 2009. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $1,200,000 of deferred stock compensation amortized over requisite service period. The amortization of deferred stock compensation of $nil, $300,000 and $600,000 were recorded as non-cash stock-based compensation and included in general and administrative expenses on the consolidated statement of operation for the years ended December 31, 2012, 2011 and 2010 respectively.

5. In August 2010, the Company granted an aggregate of 360,000 shares of common stock to the independent directors of the Company for their services to the Company covering the period from July 2, 2010 to July 1, 2011. Each independent director was granted shares of the Company's common stock subject to a vesting period of twelve months in the following amounts: Ronald Lee: 120,000 shares; Gerald Godfrey: 120,000 shares; and Serge Choukroun: 120,000 shares. In connection with these stock grants and in accordance with ASC Topic 718 , the Company recognized $nil, $27,818 and $26,181of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 respectively.

6. In July 2011, the Board of Director granted an aggregate of 360,000 shares of common stock to the independent directors of the Company for their services rendered during the year from July 1, 2011 to June 30, 2012. Each independent director was granted shares of the Company's common stock subject to a vesting period of twelve months in the following amounts: Ronald Lee, 120,000 shares; Gerald Godfrey, 120,000 shares; and Serge Choukroun, 120,000 shares. On November 8, 2011, the Board of Directors granted 75,000 shares of the common stock to the independent director, Charles Liu, for his service rendered during the period from November 16, 2011 to June 30, 2012. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $13,890, $7,860 and $nil of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 respectively.

7. In October 2011, the Company entered into three consultancy agreements with three consultants. Pursuant to the agreements, these three consultants were each granted 4,000,000 shares for services to be rendered during the period from October 15, 2011 to September 30, 2012. Such shares with par value of $0.001 each were issued to the concerned consultants in October 2011. In connection with these stock grants, the Company recognized $nil, $60,000 and $nil of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010 respectively.

8. In April 2012, the Company entered into a service agreement with a financial advisory company. Pursuant to the agreement, the financial advisory company was granted 540,541 shares for services rendered. Such shares with par value of $0.001 were issued to the financial advisory company in May 2012. In August 2012, the Company entered into a mutual termination agreement with the financial advisory company to terminate the service agreement and the Company cancelled the shares issued. In connection with these stock grants and cancellations, the Company recognized $nil of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2012.

9. In July 2012, the Board of Director granted an aggregate of 360,000 shares of common stock to the independent directors of the Company for their services rendered during the year from July 1, 2012 to June 30, 2013. Each independent director was granted shares of the Company's common stock subject to a vesting period of twelve months in the following amounts: Ronald Lee, 120,000 shares; Gerald Godfrey, 120,000 shares; and Charles Liu, 120,000 shares. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $33,300 of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2012.

10. In September 2012, the Company entered into a financial public relations agreement with a consultant. Pursuant to the agreement, the consultant was granted 700,000 shares of common stock for the service rendered. During 2012, the Company issued 600,000 shares of par value of $0.001 to the consultant. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $88,000 of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2012.

11. In December 2012, the Company entered into two consultancy agreements with two consultants. Pursuant to the agreements, these two consultants were granted 6,000,000 shares and 2,500,000 shares respectively for their services rendered. In December 2012, the Company issued 4,000,000 and 2,500,000 shares of par value of $0.001 each to these two consultants respectively. In connection with these stock grants and in accordance with ASC Topic 718, the Company recognized $390,000 of non-cash stock-based compensation included in general and administrative expenses on the consolidated statements of operations for the year ended December 31, 2012.

(B) Changes in Deficit

The following table summarizes the changes in deficit for the year ended December 31, 2012:

	Noncontrolling Interests		NCN Common Stockholders		Total
Total deficit as of January 1, 2012	$	-	$	(5,056,418)	$	(5,056,418)
Net loss		-		(1,210,629)		(1,210,629)
Other comprehensive loss		-		(11,290)		(11,290)
Preferred stock		-		-		-
Common stock		-		7,100		7,100
Additional paid-in capital		-		2,238,948		2,238,948
Total deficit as of December 31, 2012	$	-	$	(4,032,289)	$	(4,032,289)

The following table summarizes the changes in deficit for the year ended December 31, 2011:

	Noncontrolling Interests		NCN Common Stockholders		Total
Total deficit as of January 1, 2011	$	-	$	(3,524,536)	$	(3,524,536)
Net loss		-		(2,102,548)		(2,102,548)
Other comprehensive income		-		13,929		13,929
Preferred stock		-		-		-
Common stock		-		12,000		12,000
Additional paid-in capital		-		83,678		83,678
Reversal of unrealized loss on available-for-sale securities		-		153,559		153,559
Deferred stock-based compensation		-		307,500		307,500
Total deficit as of December 31, 2011	$	-	$	(5,056,418)	$	(5,056,418)

The following table summarizes the changes in deficit for the year ended December 31, 2010:

	Noncontrolling Interests		NCN Common Stockholders		Total
Total deficit as of January 1, 2010	$	-	$	(1,491,206)	$	(1,491,206)
Net loss		-		(2,603,384)		(2,603,384)
Other comprehensive income		-		41,932		41,932
Preferred stock		-		-		-
Common stock		-		(120)		(120)
Additional paid-in capital		-		89,301		89,301
Change in unrealized loss on available-for-sale securities		-		(153,559)		(153,559)
Deferred stock-based compensation		-		592,500		592,500
Total deficit as of December 31, 2010	$	-	$	(3,524,536)	$	(3,524,536)

(C) Restriction on payment of dividends

The Company has not declared any dividends since incorporation. For instance, the terms of the outstanding promissory notes issued to affiliated funds of Och-Ziff on April 2, 2014 contain restrictions on the payment of dividends. The dividend restrictions provide that the Company or any of its subsidiaries shall not declare or pay dividends or other distributions in respect of the equity securities of such entity other than dividends or distributions of cash which amounts during any 12-month period that exceed ten percent (10%) of the consolidated net income of the Company based on the Company's most recent audited financial statements disclosed in the Company's annual report on Form 10-K (or equivalent form) filed with the U.S. Securities and Exchange Commission.

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ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES

12 Months Ended

Dec. 31, 2012

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES [Abstract]

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES

NOTE 9 ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES

Accounts payable, accrued expenses and other payables as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Accrued advertising operating rights	$	744,365	$	-
Accrued staff benefits and related fees		804,290		410,254
Accrued professional fees		102,186		115,615
Directors' loans (Note 14)		143,918		229,744
Accrued interest expenses		101,790		12,603
Other accrued expenses		385,306		328,040
Short-term loans 1)		741,757		-
Receipts in advance		479,920		92,829
Other payables		15,200		38,697
Total	$	3,518,732	$	1,227,782

1) As of December31, 2012, the Company recorded an aggregated amount of $741,757 short-term loans. Those loans were borrowed from certain unrelated individuals. Those loans are unsecured, bear a monthly interest of 1.5% and shall be repayable in one month. However, according to the agreement, the Company shall have the option to shorten or extend the life of those short-term loans if the need arises and the Company has agreed with the lender to extend the short-term loans on due date. Up to the date of this annual report, those loans have not yet been repaid.

The interest expenses of the short-term loans for the years ended December 31, 2012, 2011 and 2010 amounted to $69,677, $nil and $nil, respectively.

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BUSINESS SEGMENTS FROM CONTINUING OPERATIONS (Details)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Customer A [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales			16.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales			11.00%
Customer C [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales		19.00%
Customer D [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales		11.00%
Customer E [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales		10.00%
Customer F [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales	12.00%
Customer G [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales	11.00%
Customer H [Member]
Revenue, Major Customer [Line Items]
Percentage of advertising sales	10.00%

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EQUIPMENT, NET

12 Months Ended

Dec. 31, 2012

EQUIPMENT, NET [Abstract]

EQUIPMENT, NET

NOTE 7 EQUIPMENT, NET

Equipment, net as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Media display equipment	$	957,071	$	4,156,851
Office equipment		81,091		159,545
Furniture and fixtures		1,262		10,907
Motor vehicles		97,249		39,564
Leasehold improvement		87,618		-
Construction in progress		-		9,536
Sub-Total		1,224,219		4,376,403
Less: accumulated depreciation		(968,098)		(1,307,568)
Less: provision for impairment		-		(2,705,239)
Total	$	256,121	$	363,596

Depreciation expenses for the years ended December 31, 2012, 2011 and 2010 amounted to $259,479, $239,223 and $257,899 respectively.

Provision for impairment

As the Company has continued to record net losses, it performed an impairment review of its equipment. The Company compared the carrying value of its equipment to the sum of the undiscounted cash flows expected to be generated. For those assets with carrying values exceeding projected undiscounted cash flows, the Company determined their fair values using a discounted cash flow analysis. Accordingly, the Company recorded no impairment loss for the years ended December 31, 2012, 2011 and 2010.

For the years ended December 31, 2012, 2011 and 2010, the Company recorded a write-off of provision for impairment losses against cost and accumulated amortization of equipment amounted to $2,705,239, $nil and $459,830 respectively.

Pledge of Equipment

Since the completion of debt restructuring in April 2009, no equipment has been pledged by the Company.

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DEFERRED CHARGES, NET

12 Months Ended

Dec. 31, 2012

DEFERRED CHARGES, NET [Abstract]

DEFERRED CHARGES, NET

NOTE 8 DEFERRED CHARGES, NET

Deferred charges, net as of December 31, 2012 and 2011 were as follows:

	2012		2011
Deferred charges	$	250,000	$	250,000
Less: accumulated amortization		(250,000)		(218,308)
Total	$	-	$	31,692
Current portion	$	-	$	31,692
Non-current portion		-		-
Total	$	-	$	31,692

Total amortization of deferred charges for the years ended December 31, 2012, 2011 and 2010 amounted to $31,692, $81,214 and $79,085 respectively. They were included as amortization of deferred charges and debt discount in the consolidated statements of operations.

For details, please refer to Note 10 - Convertible Promissory Notes and Warrants.

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CONVERTIBLE PROMISSORY NOTES AND WARRANTS

12 Months Ended

Dec. 31, 2012

CONVERTIBLE PROMISSORY NOTES AND WARRANTS [Abstract]

CONVERTIBLE PROMISSORY NOTES AND WARRANTS

NOTE 10 CONVERTIBLE PROMISSORY NOTES AND WARRANTS

(1) Debt Restructuring and Issuance of 1% Convertible Promissory Notes

On November 19, 2007, the Company entered into a Note and Warrant Purchase Agreement, as amended (the "Purchase Agreement") with Shanghai Quo Advertising Co. Ltd and affiliated investment funds of Och-Ziff Capital Management Group (the "Investors") pursuant to which it agreed to issue in three tranches, 3% Senior Secured Convertible Promissory Notes due June 30, 2011, in the aggregate principal amount of up to $50,000,000 (the "3% Convertible Promissory Notes") and warrants to acquire an aggregate amount of 6,857,143 shares of the Company's Common Stock (the "Warrants"). Between November 19 - 28, 2007, the Company issued 3% Convertible Promissory Notes in the aggregate principal amount of $15,000,000, Warrants to purchase shares of the Company's common stock at $12.50 per share and Warrants to purchase shares of the Company's common stock at $17.50 per share. On January 31, 2008, the Company amended and restated the previously issued 3% Convertible Promissory Notes and issued to the Investors 3% Convertible Promissory Notes in the aggregate principal amount of $50,000,000 (the "Amended and Restated Notes"), Warrants to purchase shares of the Company's common stock at $12.50 per share and Warrants to purchase shares of the Company's common stock at $17.50 per share. In connection with the Amended and Restated Notes, the Company entered into a Security Agreement, dated as of January 31, 2008 (the "Security Agreement"), pursuant to which the Company granted to the collateral agent for the benefit of the Investors, a first-priority security interest in certain of the Company's assets, and 66% of the equity interest in the Company.

On April 2, 2009, the Company entered into a new financing arrangement with the previous holders of the Amended and Restated Notes (the "Note Holders"), and Keywin .

Pursuant to a note exchange and option agreement, dated April 2, 2009 (the "Note Exchange and Option Agreement"), between the Company and Keywin, Keywin exchanged its Amended and Restated Note in the principal amount of $45,000,000, and all accrued and unpaid interest thereon, for 61,407,093 shares of the Company's common stock and an option to purchase an aggregate of 24,562,837 shares of the Company's common stock, for an aggregate purchase price of $2,000,000 (the "Keywin Option"). The Keywin Option was originally exercisable for a three-month period which commenced on April 2, 2009, but pursuant to several subsequent amendments, the exercise period has been extended to a fifty-seven-month period ending on January 1, 2014, subject to the Company's right to unilaterally terminate the exercise period upon 30 days' written notice. As of December 31, 2012, the Keywin Option has not been exercised.

Pursuant to a note exchange agreement, dated April 2, 2009, among the Company and the Note Holders, the parties agreed to cancel their Amended and Restated Notes in the principal amount of $5,000,000 (including all accrued and unpaid interest thereon), and all of the warrants, in exchange for the Company's issuance of the 1% unsecured senior convertible promissory notes due 2012 in the principal amount of $5,000,000 (the "1% Convertible Promissory Notes"). The 1% Convertible Promissory Notes bear interest at 1% per annum, are payable semi-annually in arrears, mature on April 1, 2012, and are convertible at any time by the holder into shares of the Company's common stock at an initial conversion price of $0.1163 per share, subject to customary anti-dilution adjustments. In addition, in the event of a default, the holders will have the right to redeem the 1% Convertible Promissory Notes at 110% of the principal amount, plus any accrued and unpaid interest. The parties also agreed to terminate the Security Agreement and release all security interests arising out of the Purchase Agreement and the Amended and Restated Notes.

2) Extension of 1% Convertible Promissory Notes and Issuance of New 1% Convertible Promissory Notes

The 1% Convertible Promissory Notes matured on April 1, 2012 and on the same date, the Company and the Note Holders agreed to the following: (1) extension of the maturity date of the 1% Convertible Promissory Notes for a period of two years and (2) modification of the 1% Convertible Promissory Notes to be convertible at any time into shares of the Company's common stock at a conversion price of $0.09304 per share, subject to customary anti-dilution adjustments. In all other respects not specifically mentioned, the terms of the 1% Convertible Promissory Notes shall remain the same and shall be fully enforceable in accordance with its terms. Subsequently, the Company issued new 1% convertible promissory notes (the "New 1% Convertible Promissory Notes") to the Note Holders. The New 1% Convertible Promissory Notes bear interest at 1% per annum, are payable semi-annually in arrears, mature on April 1, 2014, and are convertible at any time by the Note Holders into shares of the Company's common stock at an initial conversion price of $0.09304 per share, subject to customary anti-dilution adjustments. In addition, in the event of a default, the Note Holders will have the right to redeem the New 1% Convertible Promissory Notes at 110% of the principal amount, plus any accrued and unpaid interest.

The following table details the accounting treatment of the convertible promissory notes:

	1% Convertible Promissory Notes		New 1% Convertible Promissory Notes			Total
Net carrying value of convertible promissory notes as of January 1, 2010		3,854,934		-			3,854,934
Amortization of debt discount for the year ended December 31, 2010		449,377		-			449,377
Net carrying value of convertible promissory notes as of December 31, 2010		4,304,311		-			4,304,311
Amortization of debt discount for the year ended December 31, 2011		507,769		-			507,769
Net carrying value of convertible promissory notes as of December 31, 2011	$	4,812,080	$	-		$	4,812,080
Proceeds of new 1% convertible promissory notes		-		5,000,000			5,000,000
Allocated intrinsic value of beneficial conversion feature		-		(3,598,452	)		(3,598,452	)
Amortization of debt discount for the year ended December 31, 2012		187,920		800,249			988,169
Repayment of 1% convertible promissory note		(5,000,000)		-			(5,000,000	)
Net carrying value of convertible promissory notes as of December 31, 2012	$	-	$	2,201,797		$	2,201,797

The embedded beneficial conversion feature are recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The intrinsic value of beneficial conversion feature is calculated according to ASC Topic 470-20. The New 1% Convertible Promissory Notes before and after extension are considered to have a beneficial conversion feature as the effective conversion price was less than the Company's market price of common stock at commitment date. The value of beneficial conversion features of 1% New Convertible Promissory Notes before and after extension amounted to $3,598,452, is recorded as a reduction in the carrying value of the convertible promissory notes against additional paid-in capital. As the New 1% Convertible Promissory Notes have stated redemption dates, the respective debt discount is amortized over the term of the notes from the respective date of issuance using the effective interest method.

Gain on extinguishment of debt

Pursuant to ASC Topic 470-20-40-3, the Company allocated the amount of the reacquisition price to the repurchased beneficial conversion feature using the intrinsic value of that conversion feature at the extinguishment date and the residual amount was allocated to the convertible security. Thus, the Company recognized a gain on extinguishment of debt of $1,877,594 at the date of extinguishment and included in the statements of operations.

Amortization of Deferred Charges and Debt Discount

The amortization of deferred charges and debt discount for the year ended December 31, 2012 was as follows:

	Warrants		Conversion Features		Deferred Charges		Total
New 1% convertible promissory notes	$	-	$	800,249	$	-	$	800,249
1% convertible promissory notes		-		187,920		31,692		219,612
Total	$	-	$	988,169	$	31,692	$	1,019,861

The amortization of deferred charges and debt discount for the year ended December 31, 2011 was as follows:

	Warrants		Conversion Features		Deferred Charges		Total
New 1% convertible promissory notes	$	-	$	-	$	-	$	-
1% convertible promissory notes		-		507,769		81,214		588,983
Total	$	-	$	507,769	$	81,214	$	588,983

The amortization of deferred charges and debt discount for the year ended December 31, 2010 was as follows:

	Warrants		Conversion Features		Deferred Charges		Total
New 1% convertible promissory notes	$	-	$	-	$	-	$	-
1% convertible promissory notes		-		449,377		79,085		528,462
Total	$	-	$	449,377	$	79,085	$	528,462

Interest Expense

The following table details the interest expenses:

	Years Ended December 31,
	2012		2011		2010
New 1% convertible promissory notes	$	37,397	$	-	$	-
1% convertible promissory notes		12,603		50,000		50,001
Total	$	50,000	$	50,000	$	50,001

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CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Tables)

12 Months Ended

Dec. 31, 2012

CONVERTIBLE PROMISSORY NOTES AND WARRANTS [Abstract]

Schedule of Convertible Promissory Note

The following table details the accounting treatment of the convertible promissory notes:

	1% Convertible Promissory Notes		New 1% Convertible Promissory Notes			Total
Net carrying value of convertible promissory notes as of January 1, 2010		3,854,934		-			3,854,934
Amortization of debt discount for the year ended December 31, 2010		449,377		-			449,377
Net carrying value of convertible promissory notes as of December 31, 2010		4,304,311		-			4,304,311
Amortization of debt discount for the year ended December 31, 2011		507,769		-			507,769
Net carrying value of convertible promissory notes as of December 31, 2011	$	4,812,080	$	-		$	4,812,080
Proceeds of new 1% convertible promissory notes		-		5,000,000			5,000,000
Allocated intrinsic value of beneficial conversion feature		-		(3,598,452	)		(3,598,452	)
Amortization of debt discount for the year ended December 31, 2012		187,920		800,249			988,169
Repayment of 1% convertible promissory note		(5,000,000)		-			(5,000,000	)
Net carrying value of convertible promissory notes as of December 31, 2012	$	-	$	2,201,797		$	2,201,797

Schedule of Amortization of Deferred Charges and Debt Discount

The amortization of deferred charges and debt discount for the year ended December 31, 2012 was as follows:

	Warrants		Conversion Features		Deferred Charges		Total
New 1% convertible promissory notes	$	-	$	800,249	$	-	$	800,249
1% convertible promissory notes		-		187,920		31,692		219,612
Total	$	-	$	988,169	$	31,692	$	1,019,861

The amortization of deferred charges and debt discount for the year ended December 31, 2011 was as follows:

	Warrants		Conversion Features		Deferred Charges		Total
New 1% convertible promissory notes	$	-	$	-	$	-	$	-
1% convertible promissory notes		-		507,769		81,214		588,983
Total	$	-	$	507,769	$	81,214	$	588,983

The amortization of deferred charges and debt discount for the year ended December 31, 2010 was as follows:

	Warrants		Conversion Features		Deferred Charges		Total
New 1% convertible promissory notes	$	-	$	-	$	-	$	-
1% convertible promissory notes		-		449,377		79,085		528,462
Total	$	-	$	449,377	$	79,085	$	528,462

Schedule of Interest Expense

The following table details the interest expenses:

	Years Ended December 31,
	2012		2011		2010
New 1% convertible promissory notes	$	37,397	$	-	$	-
1% convertible promissory notes		12,603		50,000		50,001
Total	$	50,000	$	50,000	$	50,001

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CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Schedule of Convertible Promissory Notes) (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Debt Instrument [Line Items]
Net carrying value of convertible promissory notes, beginning balance	$ 4,812,080	$ 4,304,311	$ 3,854,934
Proceeds of new 1% convertible promissory notes	5,000,000
Allocated intrinsic value of beneficial conversion feature	(3,598,452)
Amortization of debt discount	988,169	507,769	449,377
Repayment of 1% convertible promissory note	(5,000,000)
Net carrying value of convertible promissory notes, ending balance	2,201,797	4,812,080	4,304,311
1% Unsecured Senior Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Net carrying value of convertible promissory notes, beginning balance	4,812,080	4,304,311	3,854,934
Proceeds of new 1% convertible promissory notes
Allocated intrinsic value of beneficial conversion feature
Amortization of debt discount	187,920	507,769	449,377
Repayment of 1% convertible promissory note	(5,000,000)
Net carrying value of convertible promissory notes, ending balance		4,812,080	4,304,311
New 1% Unsecured Senior Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Net carrying value of convertible promissory notes, beginning balance
Proceeds of new 1% convertible promissory notes	5,000,000
Allocated intrinsic value of beneficial conversion feature	(3,598,452)
Amortization of debt discount	800,249
Repayment of 1% convertible promissory note
Net carrying value of convertible promissory notes, ending balance	$ 2,201,797

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NET LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2012

NET LOSS PER COMMON SHARE [Abstract]

NET LOSS PER COMMON SHARE

NOTE 15 NET LOSS PER COMMON SHARE

Net loss per share information for the years ended December 31, 2012, 2011 and 2010 was as follows:

	2012		2011		2010
Numerator:
Net loss attributable to NCN common stockholders	$	(1,210,629)	$	(2,102,548)	$	(2,603,384)
Denominator :
Weighted average number of shares outstanding, basic		96,895,329		86,970,220		84,509,069
Effect of dilutive securities		-		-		-
Options and warrants		-		-		-
Weighted average number of shares outstanding, diluted		96,895,329		86,970,220		84,509,069
Net loss per common share - basic and diluted	$	(0.01)	$	(0.02)	$	(0.03)

The diluted net loss per common share is the same as the basic net loss per common share for the years ended December 31, 2012, 2011 and 2010 as the ordinary shares issuable under stock options and warrants outstanding are anti-dilutive and are therefore excluded from the computation of diluted net loss per common share. The securities that could potentially dilute basic net loss per common share in the future that were not included in the computation of diluted net loss per common share because of anti-dilutive effect as of December 31, 2012, 2011 and 2010 were summarized as follows:

	2012		2011		2010
Potential common equivalent shares:
Stock warrants for services (1)		-		-		-
Conversion feature associated with convertible promissory notes to common stock		53,740,327		42,992,261		42,992,261
Common stock to be granted to directors executives and employees for services (including non-vested shares)		-		-		-
Common stock to be granted to consultants for services (including non-vested shares)		20,000		20,000		20,000
Stock options granted to Keywin		11,378,730		9,905,555		12,407,458
Total		65,139,057		52,917,816		55,419,719

Remarks:

(1) As of December 31, 2012, the number of potential common equivalent shares associated with warrants issued for services was nil, which was related to a warrant to purchase 20,000 shares of common stock issued by the Company to a consultant in 2006 for service rendered at an exercise price of $3.50, which will expire in August 2016.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Estimated Useful Lives

Equipment is stated at cost less accumulated depreciation and impairment losses, if any. Depreciation is provided on a straight-line basis, less estimated residual values over the assets' estimated useful lives. The estimated useful lives are as follows:

Media display equipment	5 - 7 years
Office equipment	3 - 5 years
Furniture and fixtures	3 - 5 years
Motor vehicles	5 years
Leasehold improvements	Over the unexpired lease terms

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ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES (Details) (USD $)	12 Months Ended
	Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER PAYABLES [Abstract]
Accrued advertising operating rights	$ 744,365
Accrued staff benefits and related fees	804,290		410,254
Accrued professional fees	102,186		115,615
Directors' loans (Note 14)	143,918		229,744
Accrued interest expenses	101,790		12,603
Other accrued expenses	385,306		328,040
Short-term loans:
Short-term loans	741,757	[1]		[1]
Receipts in advance	479,920		92,829
Other payables	15,200		38,697
Total	3,518,732		1,227,782
Interest expenses of the short-term loans	69,677
Short Term Loans [Member]
Short-term loans:
Short-term loans	$ 741,757
Debt interest rate	1.50%

[1] As of December 31, 2012, the Company recorded an aggregated amount of $741,757 short-term loans. Those loans were borrowed from certain unrelated individuals. Those loans are unsecured, bear a monthly interest of 1.5% and shall be repayable in one month. However, according to the agreement, the Company shall have the option to shorten or extend the life of those short-term loans if the need arises and the Company has agreed with the lender to extend the short-term loans on due date. Up to the date of this annual report, those loans have not yet been repaid.

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ORGANIZATION AND PRINCIPAL ACTIVITIES (Details) (USD $)	0 Months Ended	12 Months Ended
	Sep. 16, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Sep. 15, 2011	Dec. 31, 2009
ORGANIZATION AND PRINCIPAL ACTIVITIES [Abstract]
Reverse stock split ratio	0.2
Common stock, shares authorized	400,000,000	400,000,000	400,000,000		2,000,000,000
Net loss		$ (1,210,629)	$ (2,102,548)	$ (2,603,384)
Net cash (used in) provided by operating activities		(582,753)	(388,278)	(1,552,403)
Stockholders' deficit		$ (4,032,289)	$ (5,056,418)	$ (3,524,536)		$ (1,491,206)

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Deferred Stock-Based Compensation [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]
Balance at Dec. 31, 2009	$ (1,491,206)	$ 84,624	$ 119,662,346	$ (900,000)	$ (122,013,120)	$ 1,674,944
Balance, shares at Dec. 31, 2009		84,624,467
Cancellation of stock for services rendered by directors and officers		(120)	120
Cancellation of stock for services rendered by directors and officers, shares		(120,000)
Stock-based compensation for stock granted to directors, officers and employees for services	89,181		89,181
Amortization of deferred stock-based compensation	592,500			592,500
Change in unrealized loss on available-for-sale securities	(153,559)					(153,559)
Translation adjustment	41,932					41,932
Net loss for the year	(2,603,384)				(2,603,384)
Balance at Dec. 31, 2010	(3,524,536)	84,504	119,751,647	(307,500)	(124,616,504)	1,563,317
Balance, shares at Dec. 31, 2010		84,504,467
Stock-based compensation for stock granted to directors, officers and employees for services	35,678		35,678
Issuance of stock for services rendered by consultants	60,000	12,000	48,000
Issuance of stock for services rendered by consultants, shares		12,000,000
Amortization of deferred stock-based compensation	307,500			307,500
Reversal of unrealized loss on available-for-sale securities	153,559					153,559
Translation adjustment	13,929					13,929
Net loss for the year	(2,102,548)				(2,102,548)
Balance at Dec. 31, 2011	(5,056,418)	96,504	119,835,325		(126,719,052)	1,730,805
Balance, shares at Dec. 31, 2011	96,504,467	96,504,467
Stock-based compensation for stock granted to directors, officers and employees for services	47,190		47,190
Issuance of stock for services rendered by consultants	478,000	7,100	470,900
Issuance of stock for services rendered by consultants, shares		7,100,000
Value of beneficial conversion feature of convertible note to common stock	3,598,452		3,598,452
Extinguishment of 1% convertible notes	(1,877,594)		(1,877,594)
Translation adjustment	(11,290)					(11,290)
Net loss for the year	(1,210,629)				(1,210,629)
Balance at Dec. 31, 2012	$ (4,032,289)	$ 103,604	$ 122,074,273		$ (127,929,681)	$ 1,719,515
Balance, shares at Dec. 31, 2012	103,604,467	103,604,467

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ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2012

ACCOUNTS RECEIVABLE, NET [Abstract]

ACCOUNTS RECEIVABLE, NET

NOTE 4 ACCOUNTS RECEIVABLE, NET

Accounts receivable, net as of December 31, 2012 and 2011 consisted of the following:

	2012		2011
Accounts receivable	$	732,261	$	159,362
Less: allowance for doubtful debts		(13,220)		(13,222)
Total	$	719,041	$	146,140

For the years ended December 31, 2012, 2011 and 2010, the Company recorded an allowance of doubtful debts for accounts receivable of $nil, $nil and $8,546 respectively. Such allowance for doubtful debt was included in allowance for doubtful debts on the consolidated statements of operations .

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RELATED PARTY TRANSACTIONS (Details)	12 Months Ended						1 Months Ended		12 Months Ended			12 Months Ended
	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2012 Affiliated Entity [Member] USD ($)	Dec. 31, 2011 Affiliated Entity [Member] USD ($)	Dec. 31, 2010 Affiliated Entity [Member] USD ($)	Apr. 30, 2009 Chief Executive Officer [Member] USD ($)	Dec. 31, 2009 Chief Executive Officer [Member] USD ($)	Dec. 31, 2012 Director [Member] USD ($)	Dec. 31, 2012 Director [Member] HKD	Dec. 31, 2011 Director [Member] USD ($)	Dec. 31, 2012 Option Issued to Keywin Holdings Limited [Member] USD ($)	Dec. 31, 2012 Amendment One [Member]	Dec. 31, 2012 Amendment Two [Member]	Dec. 31, 2012 Amendment Three [Member]	Dec. 31, 2012 Amendment Four [Member]	Dec. 31, 2012 Amendment Five [Member]	Dec. 31, 2012 Amendment Six [Member]	Dec. 31, 2012 Amendment Seven [Member]	Dec. 31, 2012 Amendment Eight [Member]
Class of Warrant or Right [Line Items]
Number of shares covered by option												24,562,837
Option outstanding												$ 2,000,000
Expiration of warrant												Jul. 01, 2009	Oct. 01, 2009	Jan. 01, 2010	Oct. 01, 2010	Jun. 30, 2011	Jan. 01, 2012	Jul. 01, 2012	Jan. 01, 2013	Jan. 01, 2014
Exercise term												3 months	6 months	9 months	18 months	27 months	33 months	39 months	45 months	57 months
Related Party Transaction [Line Items]
Rental fee from related party					117,357	106,154
Proceeds from shareholder loans		100,000
Issuance costs							250,000
Prepaid expenses and other current assets, net	161,391	193,424						100,000
Proceeds from directors' loans	117,948	297,868
Repayment of loans	197,364	68,124
Directors' loans (Note 14)	143,918	229,744							143,918		229,744
Amount of related party transaction							$ 350,000		$ 57,692	450,000

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SUBSIDIARIES AND VARIABLE INTEREST ENTITY (Tables)

12 Months Ended

Dec. 31, 2012

SUBSIDIARIES AND VARIABLE INTEREST ENTITY [Abstract]

Schedule of Subsidiaries and Variable Interest Entity

Details of the Company's principal consolidated subsidiaries and variable interest entity as of December 31, 2012 were as follows:

Name	Place of Incorporation	Ownership/Control interest attributable to the Company	Principal activities
NCN Group Limited	BVI	100%	Investment holding
NCN Media Services Limited	BVI	100%	Investment holding
Linkrich Enterprise Advertising and Investment Limited	Hong Kong	100%	Investment holding
Cityhorizon Limited	Hong Kong	100%	Investment holding
NCN Group Management Limited	Hong Kong	100%	Provision of administrative and management services
Crown Eagle Investment Limited	Hong Kong	100%	Dormant
Crown Winner International Limited	Hong Kong	100%	Dormant
NCN Huamin Management Consultancy (Beijing) Company Limited	PRC	100%	Dormant
Huizhong Lianhe Media Technology Co., Ltd.	PRC	100%	Provision of high-tech services
Beijing Huizhong Bona Media Advertising Co., Ltd.	PRC	100%(1)	Provision of advertising services
Yi Gao Shanghai Advertising Limited	PRC	100%	Provision of advertising services

Remarks:

1) Variable interest entity which the Company exerted 100% control through a set of commercial arrangements.

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NET LOSS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2012

NET LOSS PER COMMON SHARE [Abstract]

Schedule of Net Income (Loss) Per Common Share

Net loss per share information for the years ended December 31, 2012, 2011 and 2010 was as follows:

	2012		2011		2010
Numerator:
Net loss attributable to NCN common stockholders	$	(1,210,629)	$	(2,102,548)	$	(2,603,384)
Denominator :
Weighted average number of shares outstanding, basic		96,895,329		86,970,220		84,509,069
Effect of dilutive securities		-		-		-
Options and warrants		-		-		-
Weighted average number of shares outstanding, diluted		96,895,329		86,970,220		84,509,069
Net loss per common share - basic and diluted	$	(0.01)	$	(0.02)	$	(0.03)

Schedule of Securities that Could Potentially Dilute Basic Net Loss Per Common Share

	2012		2011		2010
Potential common equivalent shares:
Stock warrants for services (1)		-		-		-
Conversion feature associated with convertible promissory notes to common stock		53,740,327		42,992,261		42,992,261
Common stock to be granted to directors executives and employees for services (including non-vested shares)		-		-		-
Common stock to be granted to consultants for services (including non-vested shares)		20,000		20,000		20,000
Stock options granted to Keywin		11,378,730		9,905,555		12,407,458
Total		65,139,057		52,917,816		55,419,719

Remarks:

(1) As of December 31, 2012, the number of potential common equivalent shares associated with warrants issued for services was nil, which was related to a warrant to purchase 20,000 shares of common stock issued by the Company to a consultant in 2006 for service rendered at an exercise price of $3.50, which will expire in August 2016.

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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2012

RELATED PARTY TRANSACTIONS [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 14 RELATED PARTY TRANSACTIONS

Except as set forth below, during the years ended December 31, 2012, 2011 and 2010, the Company did not enter into any material transactions or series of transactions that would be considered material in which any officer, director or beneficial owner of 5% or more of any class of the Company's capital stock, or any immediate family member of any of the preceding persons, had a direct or indirect material interest.

In connection with debt restructuring in April 2009, a company of which the Company's chief Executive officer and director (being appointed on July 15, 2009 and May 11, 2009 respectively) is the sole director, provided agency and financial advisory services to the Company. Accordingly, the Company paid an aggregate service fee of $350,000 of which $250,000 is recorded as issuance costs for 1% Convertible Promissory Notes and $100,000 is recorded as prepaid expenses and other current assets, net during the year ended December 31, 2009. Such $100,000 is refundable unless Keywin Option is exercised and completed. As of December 31, 2012, $100,000 recorded as prepaid expenses and other current assets.

On July 1, 2009, the Company and Keywin, of which the Company's chief executive officer and director is the director and his spouse is the sole shareholder, entered into an Amendment, pursuant to which the Company agreed to extend the exercise period for the Keywin Option under the Note Exchange and Option Agreement between the Company and Keywin, to purchase an aggregate of 24,562,837 shares of our common stock for an aggregate purchase price of $2,000,000, from a three-month period ended on July 1, 2009, to a six-month period ended October 1, 2009. The exercise period for the Keywin option was subsequently further extended to a nine-month period ended January 1, 2010, pursuant to the Second Amendment. On January 1, 2010, the Company and Keywin entered into the third Amendment, pursuant to which the Company agreed to further extend the exercise period to an eighteen-month period ended on October 1, 2010, and provide the Company with the right to unilaterally terminate the exercise period upon 30 days' written notice. On September 30, 2010, the exercise period for the Keywin Option was further extended to a twenty-seven-month period ended on June 30, 2011. On June 1, 2011, the exercise period for the Keywin Option was further extended to a thirty-three-month period ending on January 1, 2012. On December 30, 2011, the exercise period for the Keywin Option was further extended to a thirty-nine-month period ending on July 1, 2012. On June 28, 2012, the exercise period for the Keywin Option was further extended to a forty-five-month period ending on January 1, 2013. On December 28, 2012, the exercise period for the Keywin Option was further extended to a fifty-seven-month period ending on January 1, 2014.

During the years ended December 31, 2012, 2011 and 2010, the Company recorded a fee of $nil, $117,357 and $106,154 respectively for use of office facilities, for which the related company is the tenant. As of December 31, 2012 and 2011, the Company recorded an amount of $ $nil payable to the related company.

During the year ended December 31, 2011, the Company received a loan of $100,000 from its shareholder, Keywin. The amount is unsecured, bears no interest and repayable on demand. Such loan was fully settled by the Company during the year ended December 31, 2011.

During the year ended December 31, 2012 and 2011, the Company received loans of $117,948 and $297,868 from its directors and repaid a loan of $197,364 and $68,124 to its directors respectively. As of December 31, 2012 and 2011, the Company recorded an amount of $143,918 and $229,744 payable to directors. Such payable was included in accounts payable, accrued expenses and other payables on the consolidated balance sheets. The amount is unsecured, bears no interest and repayable on demand.

During the year ended December 31, 2012, the Company purchased a motor vehicle from its director for HKD450,000 (equivalent to $57,692).