Basis of Presentation

3 Months Ended

Mar. 31, 2012

Basis of Presentation [Abstract]

Basis of Presentation

1.             Basis of Presentation

YOU On Demand Holdings, Inc., a Nevada corporation ("YOU On Demand", "we", "us", or "the Company") (formerly China Broadband, Inc.), operates in the Chinese media segment through our Chinese subsidiaries and variable interest entities ("VIEs") (1) an integrated value-added service solutions business for the delivery of pay-per-view ("PPV"), video on demand ("VOD"), and enhanced premium content for cable providers, Beijing Sino Top Scope Technology Co., Ltd. ("Sinotop Beijing" or "Sinotop"), (2) a cable broadband business, Jinan Guangdian Jia He Broadband Co. Ltd. ( "Jinan Broadband"), based in the Jinan region of China through which we provide cable and wireless broadband services, principally internet services, Internet Protocol Point wholesale services, related network equipment rental and sales, and fiber network construction and maintenance and (3) a print based media and television programming guide publication, Shandong Lushi Media Co., Ltd. ("Shandong Media").

The unaudited consolidated financial statements include the accounts of YOU On Demand and (a) its wholly-owned subsidiary China Broadband, Ltd., ("CB Cayman"), (b) two wholly-owned subsidiaries of CB Cayman:  Beijing China Broadband Network Technology Co., Ltd. ("WFOE") and Sinotop Group Limited ("Sinotop Hong Kong") and (c) six entities located in the PRC: Jinan Zhong Kuan, Jinan Broadband, Shandong Media, Sinotop, Zhong Hai Shi Xun Information Technology Co., Ltd. ("Zhong Hai Video"), and YOU On Demand (Beijing) Technology Co., Ltd. ("YOD WFOE"), which are controlled by the Company through contractual arrangements, as if they are wholly-owned subsidiaries of the Company.  The unaudited consolidated financial statements included the accounts of AdNet Media Technologies (Beijing) Co. Ltd ("AdNet"). During the third quarter of 2011 AdNet was deconsolidated as a result of the Company's termination of control.  All material intercompany transactions and balances are eliminated in consolidation.

The Company's Board of Directors authorized a 75:1 reverse stock split on February 9, 2012, which took effect on February 9, 2012.  All share and related option information presented in these unaudited consolidated financial statements and related notes has been retroactively adjusted to reflect the reduced number of shares resulting from this reverse stock split.

In the opinion of management, our Financial Statements reflect all adjustments, which are of a normal, recurring nature necessary for a fair statement of the results for the periods presented in accordance with U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and with the instructions to Form 10-Q in Article 10 of SEC Regulation S-X.  The results of operations for the three months ended March 31, 2012 presented are not necessarily indicative of results for the full year.

Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted.  These unaudited financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 filed with the Securities and Exchange Commission on March 30, 2012.