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SEC Filings

10-Q
SEVEN STARS CLOUD GROUP, INC. filed this Form 10-Q on 08/14/2017
Entire Document
 

 

Seven Stars Cloud Group, Inc., Its Subsidiaries and Variable Interest Entities

 

UNAUDITED CONSOLIDATED STATEMENTS OF EQUITY

For the Six Months Ended June 30, 2016

 

   Series E
Preferred
Stock
   Series E
Par
Value
   Common
Stock
   Par
Value
   Additional
Paid-in
Capital
   Accumulated
Deficit
   Accumulated
Other
Comprehensive
Loss
   Seven Stars Cloud  
Shareholders'
Equity
   Non-
controlling
Interest
   Total
Equity
 

Balance,

January 1, 2016

   7,254,997   $7,255    24,249,109   $24,249   $97,512,542   $(86,457,840)  $(414,910)  $10,671,296   $(2,388,031)  $8,283,265 
Share-based compensation   -    -    25,000    25    161,815    -    -    161,840    -    161,840 
Common stock issuance   -    -    4,545,455    4,545    9,273,029    -    -    9,277,574    -    9,277,574 
Warrants issued in connection with common stock issuance   -    -    -    -    722,426    -    -    722,426    -    722,426 
Issuance cost in connection with the issuance of common stock and warrants   -    -    -    -    (411,223)   -    -    (411,223)   -    (411,223)
Common stock issued from conversion of  convertible note   -    -    9,208,860    9,209    17,724,088    -    -    17,733,297    -    17,733,297 
Restricted Shares granted in connection with  acquisition   -    -              121,695    -    -    121,695    -    121,695 
Common stock issued for settlement of liability   -    -    41,780    42    74,958    -    -    75,000    -    75,000 
Common stock issued from series E preferred stock   (100,000)   (100)   100,000    100    -    -    -    -    -    - 
Net loss   -    -    -    -    -    (3,724,560)   -    (3,724,560)   (155,929)   (3,880,489)
Foreign currency translation adjustments, net of nil tax   -    -    -    -    -    -    (218,070)   (218,070)   16,561    (201,509)

Balance, 

June 30, 2016

   7,154,997   $7,155    38,170,204   $38,170   $125,179,330   $(90,182,400)  $(632,980)  $34,409,275   $(2,527,399)  $31,881,876 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

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