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 Cash Flows

(Amounts expressed in U.S. dollars)

 

   For the Years Ended December 31, 
   2015   2016 
Operating activities:          
Net loss   (30,629)   (937,382)
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization   -    11,820 
Loss from disposal of property and equipment   14,059    - 
Interest expenses   -    518 
Income from acquisition of subsidiary   -    (63,703)
Changes in operating assets and liabilities:          
Accounts receivable net   -    (87,386)
Inventory   -    138,740 
Other current assets   -    (60,132)
Accounts payable   -    16,102 
Deferred revenue   -    (15,405)
Amounts due to related parties   17,957    1,322,843 
Accrued expenses and other current liabilities   18    18,337 
Deposit for lease   -    (69,861)
Net cash provided by operating activities   1,405    274,491 
           
Investing activities:          
Purchases of property and equipment   -    (204,881)
Net cash used in investing activities   -    (204,881)

 

The accompanying notes are an integral part of these consolidated financial statements” 6