Skip to Content

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 Statements of Changes in Shareholders’ Equity

(Amounts expressed in U.S. dollars)

 

               For the Years ended 
               December 31, 2016 and 2015 
   Paid-in
capital
   Additional paid-in capital   Accumulated deficit  

Accumulated other comprehensive income

(losses)

   Wecast Service Group Limited Shareholder’s Equity   Non-controlling interest   Total
shareholders’ equity
 
                             
Balance at December 31, 2014   -    1,041,394    (1,082,743)   57,120    15,771    -    15,771 
                                    
Net loss   -    -    (30,629)   -    (30,629)   -    (30,629)
Foreign currency translation adjustments, net of tax impact of nil   -    -    -    (431)   (431)   -    (431)
Balance at December 31, 2015   -    1,041,394    (1,113,372)   56,689    (15,289)   -    (15,289)
                                    
Net loss   -    -    (549,044)   -    (549,044)   (388,338)   (937,382)
Foreign currency translation adjustments, net of tax impact of nil   -    -    -    5,544    5,544    5,499    11,043 
Balance at December 31, 2016   -    1,041,394    (1,662,416)   62,233    (558,789)   (382,839)   (941,628)

 

The accompanying notes are an integral part of these consolidated financial statements” 5