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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

 

Note 3 –  Accounts receivable, net

 

Accounts receivable consist of the following:

 

   December 31, 
   2015   2016 
Accounts receivable, gross:   -    173,103 
Less: allowance for doubtful accounts   -    - 
Accounts receivable, net   -    173,103 

 

All the accounts receivable at December 31, 2016 were within the Group’s credit term and there was no allowance for doubtful accounts recognized as of December 31, 2016.

 

Note 4 – Inventory

 

Inventories consist of the following:

 

   December 31, 
   2015   2016 
Finished goods   -     203,697 
Total   -    203,697 

 

There was no written down for inventories recognized as of December 31, 2015 and 2016.

 

The accompanying notes are an integral part of these consolidated financial statements” 18