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SEC Filings

8-K/A
SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017
Entire Document
 

Wide Angle Group Limited

 

December 31, 2015 and December 31, 2016

 

Consolidated Balance Sheets

(Amounts expressed in U.S. dollars)

 

   December 31, 
   2015   2016 
ASSETS          
Current assets:          
Cash   50,937    1,139,805 
Accounts receivable, net (Note 3)   58,595    8,088,519 
Notes receivable   -    1,749,830 
Amounts due from related parties (Note 11)   2,065,092    191,815 
Prepaid expenses   35,080    45,078 
Other current assets (Note 4)   36,920    15,634 
Total current assets   2,246,624    11,230,681 
           
Property and equipment, net (Note 5)   149,482    128,493 
TOTAL ASSETS   2,396,106    11,359,174 
           
LIABILITIES AND EQUITY          
Current liabilities:          
Accounts payable (Note 6)   54,980    9,874,656 
Deferred revenue   23,314    518,738 
Amounts due to related parties (Note 11)   1,152,866    82,931 
Other current liabilities (Note 7)   4,532,856    92,286 
Total current liabilities and total liabilities   5,764,016    10,568,611 
           
Equity:          
Paid-in capital   624,917    624,917 
Additional paid-in capital   -    3,491,777 
Accumulated deficits   (3,990,929)   (3,326,450)
Accumulated other comprehensive income   (1,898)   319 
Total equity   (3,367,910)   790,563 
           
TOTAL LIABILITIES AND EQUITY   2,396,106    11,359,174 

 

The accompanying notes are an integral part of these consolidated financial statements. 3