|SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K/A on 08/14/2017|
Wecast Services Group Limited
December 31, 2015 and December 31, 2016
Note 5 –Other current assets
Prepaid expense and other current assets consist of the following:
Note 6 – Property and equipment, net
Property and equipment, net consist of the following:
The Group acquired MYP under non-common control in 2016. At acquisition date, there was accumulated depreciation of $78,154 related to property and equipment acquired. Depreciation expense was $nil and $9,239 for the years ended December 31, 2015 and 2016, respectively.