|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 7 – Intangible assets, net
Intangible assets consist of the following:
The Group acquired MYP under non-common control in 2016. At acquisition date, there was accumulated amortization of $44,770 related to intangible assets acquired. Amortization expense was $nil and $2,581 for the years ended December 31, 2015 and 2016, respectively.
Note 8 – Other non-current assets
Other non-current assets consist of the following:
Shanghai Wecast signed lease agreements with Dalian Wanda Commercial Real Estate Co., Ltd. and Ningbo Zhengteng Zhongchuang Investment Management Co., Ltd. in 2016 with 3 yeas lease term, and the rental deposit will be refund after lease terminated.
Note 9 – Other income (expense), net
Other income (expense), net consists of the following: