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UNAUDITED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Series E Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Wecast Network, Inc. Shareholders' Equity
Non- controlling Interest
Total
Balance at Dec. 31, 2015 $ 7,255 $ 24,249 $ 97,512,542 $ (86,457,840) $ (414,910) $ 10,671,296 $ (2,388,031) $ 8,283,265
Balance (in shares) at Dec. 31, 2015 7,254,997 24,249,109            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation   $ 25 88,745 88,770 88,770
Share-based compensation (in shares)   25,000            
Common stock issuance   $ 4,545 9,273,029 9,277,574 9,277,574
Common stock issuance (in shares)   4,545,455            
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     (442,500) (442,500) (442,500)
Common stock issued for settlement of liability   $ 42 74,958 75,000 75,000
Common stock issued for settlement of liability (in shares)   41,780            
Net profit (loss)       (2,136,471) (2,136,471) (137,569) (2,274,040)
Foreign currency translation adjustments, net of nil tax         18,519 18,519 (5,387) 13,132
Balance at Mar. 31, 2016 $ 7,255 $ 28,861 107,229,200 (88,594,311) (396,391) 18,274,614 (2,530,987) 15,743,627
Balance (in shares) at Mar. 31, 2016 7,254,997 28,861,344            
Balance at Dec. 31, 2016 [1] $ 7,155 $ 53,918 152,755,919 (115,669,268) (1,353,302) 35,794,422 (5,325,481) 30,468,941 [2]
Balance (in shares) at Dec. 31, 2016 [1] 7,154,997 53,918,523            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 71,428 71,428 71,428
Common stock issuance $ 30 (30)
Common stock issuance (in shares)   29,585            
Common stock issued for warrant exercised   $ 5 8,740 8,745 8,745
Common stock issued for warrant exercised (in shares)   5,000            
Common stock issued from conversion of series E preferred stock $ (5,938) $ 5,938
Common stock issued from conversion of series E preferred stock (in shares) (5,938,093) 5,938,093            
Net profit (loss) 2,212,879 2,212,879 (574,412) 1,638,467
Foreign currency translation adjustments, net of nil tax 1,350,020 1,350,020 168,822 1,518,842
Balance at Mar. 31, 2017 $ 1,217 $ 59,891 $ 152,836,057 $ (113,456,389) $ (3,282) $ 39,437,494 $ (5,731,071) $ 33,706,423
Balance (in shares) at Mar. 31, 2017 1,216,904 59,891,201            
[1] The above consolidated statements of equity present the Wecast Services Limited and Wide Angle Group Limited acquired from BT Capital Global Limited on January 30 and January 31, 2017, respectively as if they had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 805-50 (See Note 4 "Acquisition")
[2] The above consolidated balance sheets present the Wecast Services Limited and Wide Angle Group Limited acquired from BT Capital Global Limited ("BT") on January 30 and January 31, 2017, respectively as if they had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 805-50 (See Note 4 "Acquisition")