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SEC Filings

10-Q
SEVEN STARS CLOUD GROUP, INC. filed this Form 10-Q on 11/13/2017
Entire Document
 

 

Seven Stars Cloud Group, Inc., Its Subsidiaries and Variable Interest Entities

UNAUDITED CONSOLIDATED STATEMENTS OF EQUITY

For the Nine Months Ended September 30, 2016

  

   Series E
Preferred
Stock
   Series E
Par
Value
   Common
Stock
   Par
Value
   Additional
Paid-in
Capital
   Accumulated
Deficit
   Accumulated
Other
Comprehensive
Loss
   Seven Stars Cloud
Shareholders'
Equity
   Non-
controlling
Interest
   Total
Equity
 

Balance,

January 1, 2016

   7,254,997   $7,255    24,249,109   $24,249   $97,512,542   $(86,457,840)  $(414,910)  $10,671,296   $(2,388,031)  $8,283,265 
Share-based compensation   -    -    25,000    25    286,552    -    -    286,577    -    286,577 
Common stock issuance   -    -    9,090,909    9,091    17,268,483    -    -    17,277,574    -    17,277,574 
Warrants issued in connection with common stock issuance   -    -    -    -    722,426    -    -    722,426    -    722,426 
Issuance cost in connection with the issuance of common stock and warrants   -    -    -    -    (411,223)   -    -    (411,223)   -    (411,223)
Common stock issued from conversion of  convertible note   -    -    9,208,860    9,209    17,724,088    -    -    17,733,297    -    17,733,297 
Restricted Shares granted in connection with  acquisition   -    -              121,695    -    -    121,695    -    121,695 
Common stock issued for settlement of liability   -    -    41,780    42    74,958    -    -    75,000    -    75,000 
Common stock issued from series E preferred stock   (100,000)   (100)   100,000    100    -    -    -    -    -    - 
Net loss   -    -    -    -    -    (5,771,763)   -    (5,771,763)   (261,809)   (6,033,572)
Foreign currency translation adjustments, net of nil tax   -    -    -    -    -    -    (290,733)   (290,733)   21,459    (269,274)

Balance, 

September 30, 2016

   7,154,997   $7,155    42,715,658   $42,716   $133,299,521   $(92,229,603)  $(705,643)  $40,414,146   $(2,628,381)  $37,785,765 

 

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

 

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