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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
 

Wecast Services 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   2,614    83,033 
Accounts receivable, net (Note 3)   -    173,103 
Inventory (Note 4)   -    203,697 
Amounts due from related parties (Note 12)   -    3,102,669 
Other current assets (Note 5)   -    61,822 
Total current assets   2,614    3,624,324 
           
Property and equipment, net (Note 6)   72    199,043 
Intangible assets, net (Note 7)   -    63,621 
Other non-current assets (Note 8)   -    69,861 
TOTAL ASSETS   2,686    3,956,849 
           
LIABILITIES AND EQUITY          
Current liabilities:          
Accounts payable   -    16,102 
Deferred revenue   -    6,753 
Amounts due to related parties (Note 12)   17,957    4,857,267 
Other current liabilities   18    18,355 
Total current liabilities and total liabilities   17,975    4,898,477 
           
Equity:          
           
Additional paid-in capital   1,041,394    1,041,394 
Accumulated deficits   (1,113,372)   (1,662,416)
Accumulated other comprehensive income   56,689    62,233 
Total (deficit) attribute to Wecast Services Group Limited   (15,289)   (558,789)
Non-controlling interest   -    (382,839)
Total (deficit)   (15,289)   (941,628)
           
TOTAL LIABILITIES AND EQUITY   2,686    3,956,849 

 

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