Commitments and Contingencies

3 Months Ended

Mar. 31, 2012

Commitments and Contingencies [Abstract]

17. Commitments and Contingencies

The Company has employment agreements with certain employees that provide severance payments upon termination of employment under certain circumstances, as defined in the applicable agreements. As of March 31, 2012, the Company's potential minimum cash obligation to these employees was approximately $934,000.

The Company is committed to paying leased property costs related to our China offices through 2015 as follows:

Years ending December 31,	Leased Property Costs
2012 (nine months)	$	281,974
2013	$	337,777
2014	$	56,976
2015	$	18,992

The Company is committed to paying product related costs through 2015 as follows:

Years ending December 31,	Product Related Costs
2012 (nine months)	$	349,819
2013	$	978,389
2014	$	1,514,778
2015	$	926,778

According to the purchase agreement with "Shandong Fu Ren", Zhong Hai Video was obligated to pay RMB 1,000,000 (USD 157,270) to acquire 51% ownership of Shanghai Tianduo, of which RMB 700,000 (USD 110,089) remains.

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.