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Airnet Technology Inc. – ‘20-F’ for 12/31/15 – ‘EX-101.INS’

On:  Monday, 5/16/16, at 4:20pm ET   ·   For:  12/31/15   ·   Accession #:  1144204-16-102621   ·   File #:  1-33765

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/16/16  Airnet Technology Inc.            20-F       12/31/15  149:12M                                    Toppan Merrill/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   1.38M 
 2: EX-4.39     Instrument Defining the Rights of Security Holders  HTML    140K 
 3: EX-4.40     Instrument Defining the Rights of Security Holders  HTML     55K 
 4: EX-4.41     Instrument Defining the Rights of Security Holders  HTML     66K 
 5: EX-4.42     Instrument Defining the Rights of Security Holders  HTML     53K 
 6: EX-4.43     Instrument Defining the Rights of Security Holders  HTML     54K 
 7: EX-4.44     Instrument Defining the Rights of Security Holders  HTML    143K 
 8: EX-4.45     Instrument Defining the Rights of Security Holders  HTML     78K 
 9: EX-4.46     Instrument Defining the Rights of Security Holders  HTML     48K 
10: EX-4.47     Instrument Defining the Rights of Security Holders  HTML    183K 
11: EX-4.48     Instrument Defining the Rights of Security Holders  HTML     45K 
12: EX-4.49     Instrument Defining the Rights of Security Holders  HTML     44K 
13: EX-4.50     Instrument Defining the Rights of Security Holders  HTML     45K 
14: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     41K 
17: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     40K 
18: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     40K 
15: EX-12.1     Statement re: Computation of Ratios                 HTML     44K 
16: EX-12.2     Statement re: Computation of Ratios                 HTML     44K 
19: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     40K 
20: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     41K 
21: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     39K 
28: R1          Document and Entity Information                     HTML     63K 
29: R2          Consolidated Balance Sheets                         HTML    175K 
30: R3          Consolidated Balance Sheets (Parenthetical)         HTML     81K 
31: R4          Consolidated Statements of Operations               HTML    154K 
32: R5          Consolidated Statements of Operations               HTML     48K 
                (Parenthetical)                                                  
33: R6          Consolidated Statements of Comprehensive (Loss)     HTML     57K 
                Income                                                           
34: R7          Consolidated Statements of Comprehensive (Loss)     HTML     42K 
                Income (Parenthetical)                                           
35: R8          Consolidated Statements of Changes in Equity        HTML     97K 
36: R9          Consolidated Statements of Cash Flows               HTML    208K 
37: R10         Consolidated Statements of Cash Flows               HTML     49K 
                (Parenthetical)                                                  
38: R11         Organization and Principal Activities               HTML    146K 
39: R12         Summary of Significant Accounting Policies          HTML    112K 
40: R13         Discontinued Operations                             HTML    115K 
41: R14         Segment Information and Revenue Analysis            HTML     56K 
42: R15         Short-Term Investments                              HTML     42K 
43: R16         Long-Term Investments                               HTML     80K 
44: R17         Accounts Receivable, Net                            HTML     70K 
45: R18         Other Current Assets                                HTML     53K 
46: R19         Consideration Receivable                            HTML     41K 
47: R20         Assets Held for Sale                                HTML     42K 
48: R21         Other Non-Current Assets                            HTML     52K 
49: R22         Long-Term Deposits                                  HTML     46K 
50: R23         Acquired Intangible Assets, Net                     HTML     68K 
51: R24         Property and Equipment, Net                         HTML     52K 
52: R25         Prepaid Equipment Cost                              HTML     43K 
53: R26         Accrued Expenses and Other Current Liabilities      HTML     48K 
54: R27         Short-Term Loan                                     HTML     44K 
55: R28         Income Taxes                                        HTML    129K 
56: R29         Net (Loss) Income Per Share                         HTML     70K 
57: R30         Share Based Payments                                HTML    101K 
58: R31         Fair Value Measurement                              HTML     47K 
59: R32         Share Repurchase Plan                               HTML     43K 
60: R33         Mainland China Contribution Plan                    HTML     44K 
61: R34         Statutory Reserves                                  HTML     43K 
62: R35         Restricted Net Assets                               HTML     43K 
63: R36         Commitments                                         HTML     55K 
64: R37         Contingent Liabilities                              HTML     55K 
65: R38         Related Party Transactions                          HTML    124K 
66: R39         Subsequent Events                                   HTML     42K 
67: R40         Additional Information-Financial Statement          HTML    263K 
                Schedule I Financial Information of Parent Company               
68: R41         Summary of Significant Accounting Policies          HTML    196K 
                (Policies)                                                       
69: R42         Organization and Principal Activities (Tables)      HTML    123K 
70: R43         Summary of Significant Accounting Policies          HTML     53K 
                (Tables)                                                         
71: R44         Discontinued Operations (Tables)                    HTML    110K 
72: R45         Segment Information and Revenue Analysis (Tables)   HTML     49K 
73: R46         Long-Term Investments (Tables)                      HTML     78K 
74: R47         Accounts Receivable, Net (Tables)                   HTML     68K 
75: R48         Other Current Assets (Tables)                       HTML     52K 
76: R49         Other Non-Current Assets (Tables)                   HTML     50K 
77: R50         Long-Term Deposits (Tables)                         HTML     45K 
78: R51         Acquired Intangible Assets, Net (Tables)            HTML     66K 
79: R52         Property and Equipment, Net (Tables)                HTML     50K 
80: R53         Accrued Expenses and Other Current Liabilities      HTML     47K 
                (Tables)                                                         
81: R54         Income Taxes (Tables)                               HTML    110K 
82: R55         Net (Loss) Income Per Share (Tables)                HTML     68K 
83: R56         Share Based Payments (Tables)                       HTML     71K 
84: R57         Commitments (Tables)                                HTML     49K 
85: R58         Related Party Transactions (Tables)                 HTML    121K 
86: R59         Additional Information-Financial Statement          HTML    220K 
                Schedule I Financial Information of Parent Company               
                (Tables)                                                         
87: R60         Organization and Principal Activities (Narrative)   HTML     68K 
                (Details)                                                        
88: R61         Organization and Principal Activities (Schedule of  HTML    108K 
                Companies Subsidiaries and VIE's) (Details)                      
89: R62         Organization and Principal Activities (Schedule of  HTML     57K 
                VIE's Consolidated Balance Sheets) (Details)                     
90: R63         Organization and Principal Activities (Schedule of  HTML     64K 
                VIE's Consolidated Statement of Operations)                      
                (Details)                                                        
91: R64         Summary of Significant Accounting Policies          HTML     68K 
                (Narrative) (Details)                                            
92: R65         Summary of Significant Accounting Policies          HTML     60K 
                (Schedule of Estimated Useful Lives of Property                  
                and Equipment) (Details)                                         
93: R66         Summary of Significant Accounting Policies          HTML     56K 
                (Schedule of Estimated Economic Lives of                         
                Intangible Assets) (Details)                                     
94: R67         Discontinued Operations (Narrative) (Details)       HTML     80K 
95: R68         Discontinued Operations (Schedule of Carrying       HTML    130K 
                amounts of assets and liabilities disposed)                      
                (Details)                                                        
96: R69         Discontinued Operations (Schedule of result of      HTML     76K 
                operations of the Target Businesses) (Details)                   
97: R70         Discontinued Operations (Schedule of outstanding    HTML     58K 
                balances with the Group's related parties)                       
                (Details)                                                        
98: R71         Discontinued Operations (Schedule of related party  HTML     57K 
                transactions) (Details)                                          
99: R72         Segment Information and Revenue Analysis (Details)  HTML     48K 
100: R73         Short-Term Investments (Details)                    HTML     52K  
101: R74         Long-Term Investments (Narrative) (Details)         HTML    196K  
102: R75         Long-Term Investments (Schedule of Equity Method    HTML     77K  
                Investments) (Details)                                           
103: R76         Long-Term Investments (Schedule of Equity Method    HTML     63K  
                Investee) (Details)                                              
104: R77         Accounts Receivable, Net (Schedule of Accounts      HTML     53K  
                Receivable, Net) (Details)                                       
105: R78         Accounts Receivable, Net (Schedule of Allowance     HTML     49K  
                for Doubtful Accounts) (Details)                                 
106: R79         Other Current Assets (Details)                      HTML     66K  
107: R80         Other Current Assets (Details) (Parenthetical)      HTML     56K  
108: R81         Consideration Receivable (Narrative) (Details)      HTML     44K  
109: R82         Assets Held for Sale (Narrative) (Details)          HTML     48K  
110: R83         Other Non-Current Assets (Details)                  HTML     51K  
111: R84         Long-Term Deposits (Details)                        HTML     51K  
112: R85         Acquired Intangible Assets, Net (Details)           HTML     80K  
113: R86         Property and Equipment, Net (Details)               HTML     66K  
114: R87         Prepaid Equipment Cost (Details)                    HTML     59K  
115: R88         Accrued Expenses and Other Current Liabilities      HTML     57K  
                (Details)                                                        
116: R89         Short-Term Loan (Narrative) (Details)               HTML     52K  
117: R90         Income Taxes (Narrative) (Details)                  HTML     60K  
118: R91         Income Taxes (Schedule of Income Tax                HTML     49K  
                (Expenses)/Benefits) (Details)                                   
119: R92         Income Taxes (Schedule of Deferred Income Tax       HTML     77K  
                Assets and Liabilities) (Details)                                
120: R93         Income Taxes (Schedule of Reconciliation of         HTML     73K  
                Effective Income Tax Rate) (Details)                             
121: R94         Income Taxes (Schedule of VIE's Net Loss Per Share  HTML     49K  
                Amounts) (Details)                                               
122: R95         Net (Loss) Income Per Share (Details)               HTML     88K  
123: R96         Net (Loss) Income Per Share (Details)               HTML     42K  
                (Parenthetical)                                                  
124: R97         Share Based Payments (Narrative) (Details)          HTML    230K  
125: R98         Share Based Payments (Schedule of Stock Option      HTML    105K  
                Activities) (Details)                                            
126: R99         Share Based Payments (Schedule of Stock Option      HTML     53K  
                Assumptions) (Details)                                           
127: R100        Fair Value Measurement (Details)                    HTML     46K  
128: R101        Share Repurchase Plan (Details)                     HTML     57K  
129: R102        Mainland China Contribution Plan (Details)          HTML     41K  
130: R103        Statutory Reserves (Details)                        HTML     40K  
131: R104        Restricted Net Assets (Details)                     HTML     44K  
132: R105        Commitments (Narrative) (Details)                   HTML     50K  
133: R106        Commitments (Schedule of Future Minimum Rental      HTML     49K  
                Lease Payments) (Details)                                        
134: R107        Commitments (Schedule of Future Minimum Concession  HTML     57K  
                Fee Payments) (Details)                                          
135: R108        Contingent Liabilities (Details)                    HTML     41K  
136: R109        Related Party Transactions (Schedule of Amount Due  HTML     61K  
                from Related Parties) (Details)                                  
137: R110        Related Party Transactions (Schedule of Amount Due  HTML     49K  
                from a Related Party) (Details)                                  
138: R111        Related Party Transactions (Schedule of Revenues    HTML     55K  
                and Purchases) (Details)                                         
139: R112        Related Party Transactions (Schedule of Equity      HTML     63K  
                Transaction with Related Party) (Details)                        
140: R113        Related Party Transactions (Narrative) (Details)    HTML     51K  
141: R114        Additional Information-Financial Statement          HTML    100K  
                (Schedule of Parent Company Balance Sheets)                      
                (Details)                                                        
142: R115        Additional Information-Financial Statement          HTML     53K  
                (Schedule of Parent Company Balance Sheets)                      
                (Details) (Parenthetical)                                        
143: R116        Additional Information-Financial Statement          HTML     54K  
                (Schedule of Parent Company Statements of                        
                Operations) (Details)                                            
144: R117        Additional Information-Financial Statement          HTML     54K  
                (Schedule of Parent Company Statements of                        
                Comprehensive (Loss)/Income) (Details)                           
145: R118        Additional Information-Financial Statement          HTML    133K  
                (Schedule of Parent Company Statements of Changes                
                in Equity) (Details)                                             
146: R119        Additional Information-Financial Statement          HTML     91K  
                (Schedule of Parent Company Statements of Cash                   
                Flows) (Details)                                                 
148: XML         IDEA XML File -- Filing Summary                      XML    265K  
147: EXCEL       IDEA Workbook of Financial Reports                  XLSX    167K  
22: EX-101.INS  XBRL Instance -- amcn-20151231                       XML   3.84M 
24: EX-101.CAL  XBRL Calculations -- amcn-20151231_cal               XML    350K 
25: EX-101.DEF  XBRL Definitions -- amcn-20151231_def                XML   1.08M 
26: EX-101.LAB  XBRL Labels -- amcn-20151231_lab                     XML   2.06M 
27: EX-101.PRE  XBRL Presentations -- amcn-20151231_pre              XML   1.55M 
23: EX-101.SCH  XBRL Schema -- amcn-20151231                         XSD    364K 
149: ZIP         XBRL Zipped Folder -- 0001144204-16-102621-xbrl      Zip    293K  


‘EX-101.INS’   —   XBRL Instance — amcn-20151231


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
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<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2013-01-01to2013-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2014-01-01to2014-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2015-01-01to2015-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2013-01-01to2013-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 1251000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
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<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2015-01-01to2015-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 598000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="C699436" unitRef="USD" decimals="-3"> 1359000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="C699404" unitRef="USD" decimals="-3"> 1251000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2015-01-01to2015-12-31_us-gaap_ParentCompanyMember95492892" unitRef="USD" decimals="-3"> 598000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
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<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="C699431" unitRef="USD" decimals="-3"> 1251000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2015-01-01to2015-12-31_us-gaap_ParentCompanyMember_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> 598000 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2013-01-01to2013-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="From2014-01-01to2014-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 1313000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 11241000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 60209000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2015-01-01to2015-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2013-01-01to2013-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> 39825000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2014-01-01to2014-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> 6463000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2013-01-01to2013-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 20384000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2014-01-01to2014-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 4778000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2015-01-01to2015-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 1042000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2013-01-01to2013-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 39825000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2014-01-01to2014-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 6463000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2015-01-01to2015-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 271000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="C699436" unitRef="USD" decimals="-3"> 6463000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="C699404" unitRef="USD" decimals="-3"> 39825000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="C700407" unitRef="USD" decimals="-3"> 6463000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="C699431" unitRef="USD" decimals="-3"> 39825000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromNoncontrollingInterets contextRef="From2015-01-01to2015-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 8518000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2013-01-01to2013-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> 5816000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2015-01-01to2015-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> 6163000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2013-01-01to2013-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> -3027000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2015-01-01to2015-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 2355000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2013-01-01to2013-12-31_us-gaap_ParentCompanyMember_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2013-01-01to2013-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 5816000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2015-01-01to2015-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 6163000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="C699404" unitRef="USD" decimals="-3"> 5816000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="C699431" unitRef="USD" decimals="-3"> 5816000 </AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2013-01-01to2013-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalPurchaseOfEquityFromNoncontrollingInterests contextRef="From2015-01-01to2015-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 3088000 </AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> 1433000 </AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31_us-gaap_TreasuryStockMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 1655000 </AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="From2014-01-01to2014-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 1433000 </AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="C699436" unitRef="USD" decimals="-3"> 1433000 </AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests>
<AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests contextRef="C700407" unitRef="USD" decimals="-3"> 1433000 </AMCN:AdjustmentsToAdditionalPaidInCapitalDisposalOfEquityToNoncontrollingInterests>
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<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 4825000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
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<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="From2013-01-01to2013-12-31_us-gaap_TreasuryStockMember" unitRef="USD" decimals="-3"> 21000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="From2014-01-01to2014-12-31_us-gaap_TreasuryStockMember" unitRef="USD" decimals="-3"> 624000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
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<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="From2013-01-01to2013-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 21000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="From2014-01-01to2014-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 624000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="From2015-01-01to2015-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 4825000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="C699436" unitRef="USD" decimals="-3"> 624000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="C699404" unitRef="USD" decimals="-3"> 21000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
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<us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation contextRef="C700408" unitRef="USD" decimals="-3"> 624000 </us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty contextRef="From2015-01-01to2015-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty contextRef="From2015-01-01to2015-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> -459000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty>
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<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty contextRef="From2015-01-01to2015-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" xsi:nil="true"/>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty contextRef="From2015-01-01to2015-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 459000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty contextRef="From2015-01-01to2015-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> -459000 </AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty>
<AMCN:AdjustmentsToAdditionalPaidInCapitalContributionFromRelatedParty contextRef="From2015-01-01to2015-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 2846000 </us-gaap:TreasuryStockValueAcquiredCostMethod>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_TreasuryStockMember" unitRef="USD" decimals="-3"> 2846000 </us-gaap:TreasuryStockValueAcquiredCostMethod>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_ParentCompanyMember_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_ParentMember" unitRef="USD" decimals="-3"> 2846000 </us-gaap:TreasuryStockValueAcquiredCostMethod>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="C699404" unitRef="USD" decimals="-3"> 2846000 </us-gaap:TreasuryStockValueAcquiredCostMethod>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="C699433" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="C699434" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="C699432" unitRef="USD" decimals="-3"> 2846000 </us-gaap:TreasuryStockValueAcquiredCostMethod>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="C699431" unitRef="USD" xsi:nil="true"/>
<us-gaap:TreasuryStockValueAcquiredCostMethod contextRef="From2013-01-01to2013-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 891000 </us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 83000 </us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_CommonStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_TreasuryStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_TreasuryStockMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_RetainedEarningsMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 83000 </us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_NoncontrollingInterestMember" unitRef="USD" decimals="-3"> 891000 </us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_ParentMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_ParentMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2014-01-01to2014-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders contextRef="From2015-01-01to2015-12-31_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:AssetsHeldForSaleNotPartOfDisposalGroupCurrent contextRef="AsOf2015-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:AssetsHeldForSaleNotPartOfDisposalGroupCurrent contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 122433000 </us-gaap:AssetsHeldForSaleNotPartOfDisposalGroupCurrent>
<us-gaap:AssetsHeldForSaleNotPartOfDisposalGroupCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 777000 </us-gaap:AssetsHeldForSaleNotPartOfDisposalGroupCurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent contextRef="AsOf2015-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 33791000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 33791000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent>
<us-gaap:CashAcquiredFromAcquisition contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="0"> 325000 </us-gaap:CashAcquiredFromAcquisition>
<us-gaap:CashDivestedFromDeconsolidation contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="0"> 1094000 </us-gaap:CashDivestedFromDeconsolidation>
<us-gaap:SegmentReportingDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>4.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>SEGMENT INFORMATION AND REVENUE ANALYSIS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group is mainly engaged in selling advertising time slots on their network, primarily air travel advertising network, throughout PRC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group chief operating decision maker has been identified as the Chief Executive Officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group; hence, the Group has only one operating segment. The Group has internal reporting that does not distinguish between markets or segments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Geographic information</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group primarily operates in the PRC and substantially all of the Group's long-lived assets are located in the PRC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Revenue by service categories</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Revenues from continuing operations:</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 61%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Air Travel Media Network</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">80,002</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">59,200</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">38,817</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas Station Media Network</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,726</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,164</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,840</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other Media</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">36</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,583</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,109</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">92,764</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">75,947</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,866</font></td> <td style="line-height: 115%"> </td></tr> </table>
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<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>5.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>SHORT-TERM INVESTMENTS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Short-term investments consist of various fixed-income financial products purchased from Chinese banks and trusts and are classified as held-to-maturity securities and carried at amortized costs. The maturity dates range from three months to less than one year, with interest rates ranging from 4% to 8.2%. The held-to-maturity securities are subject to penalty for early withdrawal before their maturity. The carrying amount of the held-to-maturity securities of $17,729 and $3,705 as of December 31, 2014 and 2015, respectively, approximated their fair values due to their credit ratings and their short-term nature.</p>
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<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>7.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>ACCOUNTS RECEIVABLE, NET</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net, consists of the following:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Billed receivable</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,356</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,117</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Unbilled receivable</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,636</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,067</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, gross</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">27,992</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,184</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Allowance for doubtful accounts</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,727</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">23,534</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,457</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Unbilled receivable represents amounts earned under the advertising contracts in progress but not billable at the respective balance sheet dates. These amounts become billable according to the contract term. The Group anticipates that the majority of such unbilled amounts will be billed and collected within twelve months of the balance sheet date.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Movement of allowance for doubtful accounts is as follows:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">beginning</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Charge to</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exchange</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">end of the</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">of the year</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">expenses</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Write off</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">adjustment</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">year</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 20%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">362</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 13%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,049</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 13%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 13%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,212</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(180</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,661</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(70</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,727</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table>
</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
<us-gaap:OtherCurrentAssetsTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>8.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>OTHER CURRENT ASSETS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-indent: 0.5in"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Other current assets consist of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Input VAT receivable</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,438</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,604</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid selling and marketing fees</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">829</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">773</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Short-term deposits</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">162</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">150</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid income tax</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">467</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid individual income tax</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">451</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">433</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loans to third parties <sup>(i)</sup></font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,403</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivable from third party <sup>(ii)</sup></font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,110</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivable from a non-controlling interest holder</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,313</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivables from ADS depositary</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">468</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other assets from nonmonetary transactions</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">212</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other prepaid expenses</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">972</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,991</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,319</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">30,904</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loans to third parties represented the loans to three third parties. On December 3, 2015, December 21, 2015 and December 24, 2015, the Group entered into three loan agreements with three third parties amounting to $617, $1,698 and $3,088, respectively with the terms of one year, one year and three months, respectively. The interest rates were 4.35%, 4.35% and 5.655% without any assets pledged. The loan of $1,698 was subsequently repaid in January 2016.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivable from third party represented the working capital provided by the Group to support the third party’s daily operations.</font></td></tr> </table>
</us-gaap:OtherCurrentAssetsTextBlock>
<AMCN:OtherNoncurrentAssetsTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>11.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>OTHER NON-CURRENT ASSETS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 71.45pt; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Other non-current assets consist of the following:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment in film and TV series<sup> (i)</sup></font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,128</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,781</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid office space and leasehold improvement fees<sup> (ii)</sup></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,831</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,612</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Group invests in films and TV series, which are produced by other third parties, and shares profit of the invested films and TV series based on its investment as a percentage of the total investment for a film or TV series.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Amounts related to the investments in films and TV series that are expected to receive investment returns within one year after December 31 of each fiscal year are recorded as other current assets. The remaining balance is recorded as other non-current assets. The investments of $6,128 and $4,781 were recorded as other non-current assets for the years ended December 31, 2014 and 2015, respectively.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Group also enters into agreements with other investors to invest together on certain film or TV series, which are produced by third parties, and shares the profit of the invested films and TV series proportionally based on their investments. The Group received the investment from other investors, and recorded it as other non-current liabilities amounted to $1,257 and $1,205 as of December 31, 2014 and 2015 due to the long-term of expected investment returns.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In 2015, the Group prepaid for office space and leasehold improvement fees in total of $6,831. As the office spaces legal title had not been transferred to the Group, the prepaid amounts were recognized as other non-current assets as of December 31, 2015.</font></td></tr> </table>
</AMCN:OtherNoncurrentAssetsTextBlock>
<AMCN:DepositsAssetsDisclosureNoncurrentTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>LONG-TERM DEPOSITS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Long term deposits consist of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Concession fee deposits</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,195</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,527</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Office rental deposits</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">316</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">352</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,511</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,879</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Concession fee deposits normally have terms of three to five years and are refundable at the end of the concession terms. Office rental deposits normally have terms of two to three years and are refundable at the end of the lease term.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The long term deposits are not within the scope of the accounting guidance regarding interests on receivables and payables, because they are intended to provide security for the counterparty to the concession rights or office rental agreements. Therefore, the deposits are recorded at cost.</p>
</AMCN:DepositsAssetsDisclosureNoncurrentTextBlock>
<us-gaap:IntangibleAssetsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>13.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>ACQUIRED INTANGIBLE ASSETS, NET</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.75in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Acquired intangible assets, net, consist of the following: </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="30" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="14" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="14" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Gross</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Net</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Gross</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Net</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amortization</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">impairment</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amortization</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">impairment</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 28%; padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Audio-vision programming and broadcasting qualification</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">224</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(38</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(186</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">214</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(37</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(177</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Customer relationships</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">771</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(771</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">739</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(739</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Contract backlog</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">1,612</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(1,612</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">1,544</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(1544</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Concession agreements</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">8,502</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(7,351</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(630</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">521</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">10,459</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(7,531</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(603</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">) </font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2,325</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Non-compete agreements</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">190</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(180</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(10</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">182</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(172</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(10</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">11,299</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(9,952</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(826</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">521</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">13,138</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(10,023</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(790</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2,325</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">The amortization expense for the years ended December 31, 2013, 2014 and 2015 were $692, $462 and $505, respectively. During fiscal years 2016, 2017, 2018, 2019 and thereafter, the Group expects to record amortization expenses for definite-lived intangible assets of $507, $507, $507, $386 and $418, respectively.</p>
</us-gaap:IntangibleAssetsDisclosureTextBlock>
<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>14.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>PROPERTY AND EQUIPMENT, NET</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Property and equipment, net, consist of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 65%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital display network equipment</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,427</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,049</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas station display network equipment</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">23,261</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,412</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,367</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,959</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer and office equipment</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,717</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,140</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vehicle</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">985</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">774</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">209</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">218</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixture</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">687</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,092</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(52,272</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(26,305</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,381</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">48,339</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Depreciation expense recorded for the years ended December 31, 2013, 2014 and 2015 were $11,121, $5,832 and $5,266, respectively.</p>
</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
<us-gaap:EarningsPerShareTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>19.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>NET (LOSS) INCOME PER SHARE</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.75in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">The calculation of the net loss per share is as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Numerator:</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 11%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 11%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 11%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income attributable to AirMedia Group Inc.’s ordinary shareholders</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- Continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(28,961</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(45,306</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(70,651</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- Discontinued operations</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,335</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,611</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">220,298</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Denominator:</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average ordinary shares outstanding used in computing net (loss) income  per ordinary share</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- basic</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">129,372,158</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares used in calculating (loss) income per ordinary shares</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discontinued operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Continuing operations (i)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discontinued operations (ii)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,391,294</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,924,927</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">129,372,158</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income per ordinary share</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.09</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.22</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.23</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.09</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.22</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.16</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income per ordinary share from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.38</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.58</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.38</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.58</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income per ordinary share from discontinued operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.15</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.16</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.81</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-diluted</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.15</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.16</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.70</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The effect of options was excluded from the computation of diluted loss per share from continuing operations for the years ended December 31, 2013, 2014 and 2015, respectively, as the effect would be anti-dilutive.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">An incremental weighted average number of 4,659, 620,154 and 7,631,964 ordinary shares from assumed exercise of share option were included in computing the diluted income per share for the discontinued operations for the years ended December 31, 2013, 2014 and 2015, respectively.</font></td></tr> </table>
</us-gaap:EarningsPerShareTextBlock>
<us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>20.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>SHARE BASED PAYMENTS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><b><i>2007 Share incentive plan</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On July 2, 2007, the Board of Directors adopted the 2007 share incentive plan (the “2007 Option Plan”), which allows the Group to grant options to its employees and directors to purchase up to 12,000,000 ordinary shares of the Company subject to vesting requirement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On December 29, 2008, the Board of Directors amended 2007 Option Plan to allow the Group to grant options to its employees and directors to purchase up to 17,000,000 ordinary shares.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On September 1, 2012, the Board of Directors approved to grant options to the employees under 2007 Share Incentive Plan to purchase an aggregate of 1,857,538 ordinary shares of the Company, at an exercise price of $0.72 per ordinary share. One twelfth of the options will vest each quarter from September 4, 2012. The expiration date will be 5 years from the grant date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On April 15, 2014, the Board of Directors approved to extend the expiration dates of the options granted on November 29, 2007 and July 10, 2009 from April 28, 2014 to April 28, 2016. Modified awards are viewed as an exchange of the original award for a new award. The fair value of the stock options, which was $0.21 and $0.21 per share, respectively, as of the modification dates, was estimated using the Black-Scholes model. The incremental compensation cost of the modified award were $4 and $4, respectively, which were recognized as share-based compensation expense for the year ended December 31, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On May 31, 2014, the former CFO resigned and the Board of Directors approved the amendment of his share option agreement. On the date of resignation, 575,440 unvested options were cancelled and the expiration date of 1,282,098 vested options was modified from September 3, 2017 to May 31, 2016. The fair value of the stock options, which was $0.43 per share as of the modification date, was estimated using the Black-Scholes model. The incremental compensation cost of the modified award was $201, which was recognized as share-based compensation expense for the year ended December 31, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 9, 2014, the Board of Directors approved to extend the expiration date of the options granted on July 10, 2009 from July 11, 2014 to July 11, 2016. Modified awards are viewed as an exchange of the original award for a new award. The fair value were $0.22 and $0.12 per share for the stock options whose exercise price were $1.15 and $1.57 per share, respectively, as of the modification date, was estimated using the Black-Scholes model. The incremental compensation costs of the modified award were $686 and $5, respectively, which were recognized as share-based compensation expense for the year ended December 31, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 9, 2014, Board of Directors of the Group approved to extend the expiration date of the options granted on November 1, 2012 from November 11, 2014 to November 11, 2016. Modified award is viewed as an exchange of the original award for a new award. The fair value of the stock options, which was $0.25 per share as of the modification date, was estimated using the Black-Scholes model. The incremental compensation cost of the modified award was $4, which was recognized as share-based compensation expense for the year ended December 31, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><b><i>2011 Share incentive plan</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 18, 2011, the Board of Directors adopted 2011 Share Incentive Plan (the “2011 Option Plan”), which allows the Group to grant options to its employees and directors to purchase up to 2,000,000 ordinary shares of the Company subject to vesting requirement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 82.5pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 22, 2011, the Board of Directors granted options to Group's employees to purchase an aggregate of 2,180,000 ordinary shares of the Company under 2007 Option Plan and 2011 Option Plan, at an exercise price of $2.3 per share. The contractual term of the options was 5 or 10 years. One twelfth of these options will vest each quarter through March 22, 2014. Subsequently on June 7, 2011, the Board of Directors approved to modify the exercise price of these stock options to $1.57 per share. The fair value of these options at the modification date was estimated to be $0.75 per option. The incremental share based compensation costs of the re-priced options was $314 to be recognized over the remaining service period through March 22, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On August 23, 2011, the Board of Directors approved the adjustment of the exercise price of certain stock options that were granted on July 2, 2007, July 20, 2007, November 29, 2007, July 10, 2009 and March 22, 2011, which were subsequently modified from $1.57 per share to $1.15 per share. The fair value of the options on the modification date was $0.21, $0.22, $0.26, $0.39 and $0.53 per share, respectively, calculated using the Black-Scholes model. The incremental compensation cost of the re-priced options was $1,259, of which $950 was recognized on the modification date, and the remainder to be recognized over the remaining service period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In September 2012, the former CFO of the Group resigned. Of the 600,000 options granted to her on March 22, 2011, 300,000 were vested through her date of resignation. In conjunction with her resignation, she signed a supplementary agreement with the Group that granted her 100,000 immediately exercisable options and 200,000 options that would vest through September 22, 2013. During the vesting period, she would provide consulting service as a consultant. For the 100,000 immediately exercisable options, a measurement date was reached upon grant and the Group immediately recognized $35 share-based compensation expenses. For the 200,000 options that vested through September 22, 2013, the Group recognized expense based on the fair value of the options as of each reporting date through the measurement date. For the years ended December 31, 2013, 2014 and 2015, the Group recognized $59, nil and nil share-based compensation expense for these options, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><b><i>2012 Share incentive plan</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On November 30, 2012, the Board of Directors adopted 2012 Share Incentive Plan (the “2012 Option Plan”), which allows the Group to grant options to its employees and directors to purchase up to 6,000,000 ordinary shares of the Company subject to vesting requirement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On November 1 and November 30, 2012, the Group granted 20,000 options to a consultant under the 2007 Option Plan and 60,000 options under the 2012 Option Plan to purchase the Company's ordinary shares at an exercise price of $1.11 per share. 20,000 share options were vested immediately and one-third of the 60,000 share options vested on February 1, May 1 and August 1, 2013, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 1 and August 1, 2014, the Group granted 2,376,620 options and 140,000 options to its employees under the 2012 Option Plan to purchase the Company’s ordinary shares at an exercise price of $1.025 and $1.045 per share, respectively. One twelfth of these options will vest each quarter through June 1, 2017 and August 1, 2017, respectively. The expiration date will be 5 years from the grant dates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">On October 13, 2014, an employee terminated his employment with the Group but continued to provide service as a nonemployee consultant. 50,000 options granted to him on August 1, 2014 were not modified in connection with the change in status, but future service is still necessary to earn the award. The compensation cost was measured as if the options were newly granted at the date of the change of status. The incremental share-based compensation expense for the year ended December 31, 2014 was not material. On October 31, 2015, the consultant service contract terminated. Of the 50,000 options granted to him, 20,830 were vested through the service period end and the expiration date of the vested options was modified from August 1, 2019 to January 31, 2016. The rest 29,170 unvested options were cancelled at the service period end.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">On May 12, 2015, the Group granted 660,000 options its employees under the 2012 Option Plan to purchase the Company’s ordinary shares at an exercise price of $1.675 per share. One twelfth of these options will vest each quarter through May 12, 2018. The expiration date will be 5 years from the grant date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">On June 15, 2015, an employee terminated his employment with the Group but continued to provide service as a nonemployee consultant. 200,000 options granted to him on June 1, 2014 were not modified in connection with the change in status, but future service is still necessary to earn the award. The compensation cost was measured as if the options were newly granted at the date of the change of status. The incremental share-based compensation expense for the year ended December 31, 2015 was not material.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">On October 31, 2015, an employee terminated his employment with the Group but continued to provide service as a nonemployee consultant. 100,000 options granted to him on May 12, 2015 were not modified in connection with the change in status, but future service is still necessary to earn the award. The compensation cost was measured as if the options were newly granted at the date of the change of status. The incremental share-based compensation expense for the year ended December 31, 2015 was not material.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On December 31, 2015, two consultants resigned. Of the 200,000 options granted to one of them on May 12, 2015, 3,332 were vested through the date of resignation. The expiration date of the vested options was modified from May 12, 2020 to May 31, 2016. For the rest 166,668 unvested options, one twelfth of the total granted options will still vest on February 12, 2016 following the original vesting schedule and the rest 150,002 options were cancelled on the date of resignation. The fair value of the stock options, which was $1.12 per share as of the modification date, was estimated using the Black-Scholes model. The incremental compensation cost of the modified award was immaterial for the year ended December 31, 2015. Of the 100,000 options granted to the other consultant on May 12, 2015, 16,664 were vested through the date of resignation. The expiration date of the vested options was modified from May 12, 2020 to January 31, 2016, and the 83,336 unvested options were cancelled on the date of resignation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The following summary of stock option activities under the 2007, 2011 and 2012 Share incentive plans as of December 31, 2015, reflective of all modifications is presented below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="18" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding Options</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Aggregate</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Number of</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">exercise price</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">grant-date</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">remaining</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">intrinsic</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">options</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">per option</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">fair value</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">contractual terms</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">value</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 53%; padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding as of January 1, 2015</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 7%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,853,764</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 7%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.15</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.18</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 6%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 6%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">660,000</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.68</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.16</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,453,232</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.20</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.42</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(621,692</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.38</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.20</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding as of December 31, 2015</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,438,840</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.07</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2.16</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,236</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Options vested and expected to vest as of December 31, 2015</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,332,009</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.07</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2.15</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,056</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Options exercisable as of December 31, 2015</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,237,208</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.13</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.99</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,262</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The total intrinsic value of options exercised during the years ended December 31, 2013, 2014 and 2015 were $3, $442 and $7,039, respectively. The total fair value of options vested during the years ended December 31, 2013, 2014 and 2015 were $1,476, $357 and $649, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group recorded share-based compensation of $943, $1,281 and $567 for the years ended December 31, 2013, 2014 and 2015, respectively. There was $843 of total unrecognized compensation expense related to unvested share options granted as of December 31, 2015. The expense is expected to be recognized over a weighted-average period of 1.67 years on a straight-line basis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The fair value of each option granted was estimated on the date of grant/modification using the Black-Scholes option pricing model with the following assumptions used during the applicable period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="8" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td></tr> <tr style="vertical-align: top"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td nowrap="nowrap" style="width: 51%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free interest rate of return</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"> </td> <td nowrap="nowrap" style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.12%-1.10</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="width: 1%; text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.10% - 1.07</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="width: 1%; text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.00%-1.24</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected term</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.33-4.42 years</font></td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.00 - 3.32 years</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.04-2.93 Years</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Volatility</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">64.75%-94.43</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">63.10% - 67.06</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.19%-126.63</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dividend yield</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 33%"> </td> <td style="width: 35%"> </td> <td style="width: 32%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Volatility</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The volatility of the underlying ordinary shares during the life of the options was estimated based on the historical stock price volatility of the Company's ordinary shares and listed shares of comparable companies over a period comparable to the expected term of the options. From March 2011, the volatility was estimated based on the historical volatility of the Company's share price as the Company has accumulated sufficient history of stock price for a period comparable to the expected term of the options.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free rate</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Risk-free rate is based on yield of US Treasury bill as of valuation date with maturity date close to the expected term of the options.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected term</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The expected term is estimated based on a consideration of factors including the original contractual term and the vesting term.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dividend yield</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The dividend yield was estimated by the Group based on its expected dividend policy over the expected term of the options. The Group has no plan to pay any dividend in the foreseeable future. Therefore, the Group considers the dividend yield to be zero.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercise price</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The exercise price of the options was determined by the Group’s Board of Directors.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Fair value of underlying ordinary shares</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The closing market price of the ordinary shares of the Company as of the grant/modification date was used as the fair value of the ordinary shares on that date.</p>
</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
<us-gaap:FairValueMeasurementInputsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>21.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>FAIR VALUE MEASUREMENT</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Measured on recurring basis</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group measured its financial assets and liabilities, including cash, restricted cash, accounts receivable, short-term investment, amounts due from related parties, short-term loans, accounts payable, and amounts due to related parties on a recurring basis as of December 31, 2014 and 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Cash, restricted cash and short-term investment are classified within Level 1 of the fair value hierarchy because they are valued based on the quoted market price in an active market. The carrying amounts of accounts receivable, amounts due from related parties, accounts payable and amounts due to related parties approximate their fair values due to their short-term maturity.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i>Measured on non-recurring basis</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group measured intangible assets at fair value on a nonrecurring basis. The fair value was determined using models with significant unobservable inputs (Level 3 inputs), primarily management projections on discounted future cash flow and the discount rate. No impairment was recorded for the year ended December 31, 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group measured the prepaid equipment cost exchanged with Elec-tech at fair value on a nonrecurring basis as result of the unit price of each LED screen of $58 as set forth in Note 15. For the years ended December 31, 2014 and 2015, the Group evaluated the fair value of the LED screens when the exchange transaction occurred. The fair value was determined using the market approach (sales comparison method) with quoted price for similar assets in active markets (Level 2 inputs). No impairment was recorded for the year ended December 31, 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group measured its long-term investment in 25% equity interests of AM Advertising at fair value on a nonrecurring basis as result of the disposal transaction of Target Business as set forth in Note 3. The fair value was determined using models with significant unobservable inputs (Level 3 inputs) which primarily included management projections on the discounted future cash flow analysis including the discount rate using the weighted average cost of capital of 17% and expected revenue growth rates with a long-term growth rate at 3%. No impairment was recorded for the year ended December 31, 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Group measured the provision for earnout commitment at fair value on a nonrecurring basis as result of the disposal transaction of Target Business as set forth in Note 3. The fair value was determined using the Monte Carlo method with significant unobservable inputs (Level 3 inputs) which primarily included forecast adjusted net income over the contingent consideration period and the risk-adjusted discount rate of 7.5%.</p>
</us-gaap:FairValueMeasurementInputsDisclosureTextBlock>
<us-gaap:TreasuryStockTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>22.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>SHARE REPURCHASE PLAN</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 21, 2011, the Board of Directors authorized the Company to repurchase up to $20 million of its own outstanding ADSs within two years from March 21, 2011. On September 26, 2012, the Board of Directors approved to increase the amount of the share repurchase program to $40 million of its own outstanding ADS and to extend the termination date of the share repurchase program to March 20, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Up to December 31, 2015, the Company had repurchased an aggregate of 6,532,429 ADSs from the open market for a total consideration of $17.4 million, of which 2,190,685 ADSs had been cancelled and 4,341,744 ADSs were recorded as treasury stock. As of December 31, 2015, 2,708,538 ADS of treasury stock has been reissued.</p>
</us-gaap:TreasuryStockTextBlock>
<us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>23.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>MAINLAND CHINA CONTRIBUTION PLAN</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Full time employees of the Group in the PRC participate in a government-mandated multiemployer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labour regulations require the Group to accrue for these benefits based on certain percentages of the employees' income. The total contribution for such employee benefits were $2,173, $2,717 and $2,202 for the years ended December 31, 2013, 2014 and 2015, respectively.</p>
</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
<AMCN:StatutoryReservesDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>24.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>STATUTORY RESERVES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As stipulated by the relevant law and regulations in the PRC, the Group's subsidiaries, VIEs and VIEs' subsidiaries in the PRC are required to maintain non-distributable statutory surplus reserve. Appropriations to the statutory surplus reserve are required to be made at not less than 10% of profit after taxes as reported in the subsidiaries' statutory financial statements prepared under the PRC GAAP. Once appropriated, these amounts are not available for future distribution to owners or shareholders. Once the general reserve is accumulated to 50% of the subsidiaries' registered capital, the subsidiaries can choose not to provide more reserves. The statutory reserve may be applied against prior year losses, if any, and may be used for general business expansion and production and increase in registered capital of the subsidiaries. The Group allocated $413 and $17,542 to statutory reserves during the years ended December 31, 2014 and 2015, respectively. The statutory reserves cannot be transferred to the Company in the form of loans or advances and are not distributable as cash dividends except in the event of liquidation.</p>
</AMCN:StatutoryReservesDisclosureTextBlock>
<us-gaap:RestrictedAssetsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>25.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>RESTRICTED NET ASSETS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Relevant PRC laws and regulations restrict the WFOEs, VIEs and VIEs' subsidiaries from transferring a portion of their net assets, equivalent to the balance of their statutory reserves and their paid-in-capital, to the Group in the form of loans, advances or cash dividends. Relevant PRC statutory laws and regulations restrict the payments of dividends by the Group's PRC subsidiaries and VIEs and VIEs' subsidiaries from their respective retained earnings, if any, as determined in accordance with PRC accounting standards and regulations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of December 31, 2015, the balance of restricted net assets was $313,780, of which $114,695 was attributed to the paid-in-capital and statutory reserves of the VIEs and VIEs' subsidiaries, and $199,085 was attributed to the paid in capital and statutory reserves of WFOE,. Under applicable PRC laws, loans from PRC companies to their offshore affiliated entities require governmental approval, and advances by PRC companies to their offshore affiliated entities must be supported by bona fide business transactions.</p>
</us-gaap:RestrictedAssetsDisclosureTextBlock>
<us-gaap:CommitmentsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>26.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>COMMITMENTS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Operating leases</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group has entered into operating lease agreements principally for its office spaces in the PRC. These leases expire through 2018 and are renewable upon negotiation. Rental expenses under operating leases for the years ended December 31, 2013, 2014 and 2015 were $1,141, $1,316 and $1,507, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Future minimum rental lease payments under non-cancellable operating leases agreements were as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Year</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 83%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,279</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">249</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">104</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,632</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><b> </b></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Concession fees</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group has entered into concession right agreements with vendors, such as airports, airlines and a petroleum company. The contract terms of such concession rights are usually three to five years. The concession rights expire through 2029 and are renewable upon negotiation. Concession fees charged into statements of operations for the years ended December 31, 2013, 2014 and 2015 were $67,314, $71,533 and $64,752 respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Future minimum concession fee payments under non-cancellable concession right agreements were as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Year</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 83%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21,035</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,215</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,193</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,539</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,620</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021 and thereafter</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,378</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">96,980</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Capital commitments</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group has entered into purchase agreements with vendors for media equipment and gas stations and a property. The minimum purchase payments under non-cancellable purchase agreements were $26,177 for the year ending December 31, 2016. No capital commitments exist beyond fiscal year 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(d)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Other commitments</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">In December 2014, the Group has entered into an agreement with East Jiacheng to commit to contribute capital of $1,455 into Jiacheng Advertising, a company invested by the Group and East Jiacheng. As of December 31, 2014, the Group had not yet contributed capital, which shall be payable within 50 years as is permitted under the current PRC laws.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">In August 2015, the Group disposed its 30% interest in Jiacheng Advertising to AM Jinsheng (see Note 6) with no committed capital paid. Later in September 2015, AM Jinsheng was disposed to a third party. The capital injection obligation to Jiacheng Advertising was transferred out with the disposal.</p>
</us-gaap:CommitmentsDisclosureTextBlock>
<AMCN:ContingentLiabilitiesDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>27.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>CONTINGENT LIABILITIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Outdoor advertisement registration certificate</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">On May 22, 2006, the State Administration for Industry and Commerce, or the SAIC, a governmental authority in the PRC, amended the Provisions on the Registration Administration of Outdoor Advertisements, or the new outdoor advertisement provisions. Pursuant to the amended outdoor advertisement provisions, advertisements placed inside or outside of the "departure halls" of airports are treated as outdoor advertisements and must be registered in accordance with the local SAIC by "advertising distributors". To ensure that the Group's airport operations comply with the applicable PRC laws and regulations, the Group is in the process of making inquiries with the local SAICs in the cities in which the Group has operations or intends to operate with respect to the application for an advertising registration certificate. However, the local SAICs with whom the Group consulted have expressed different views on whether the advertisements shown on the Group's digital TV screens should be regarded as outdoor advertisements and how to register those advertisements. As of the date of these consolidated financial statements, the Group has registered and received outdoor advertising licenses for our advertisements in Beijing Capital International Airport, Shanghai Pudong International Airport, Shanghai Hongqiao Airport, and Shenyang Taoxian International Airport, and Changchun Longjia International Airport, and registrations have been approved by the SAIC offices in four other cities and provinces where the Group has operations for advertisements in the airports of those regions. Some local SAICs need more time to consider the implementation of the new outdoor advertising provisions and some SAICs do not require the Group to register. The Group intends to register with the relevant SAICs if the Group is required to do so, but the Group cannot assure that the Group will obtain the registration certificate in compliance with the new outdoor advertisement provisions due to the uncertainty in the implementation and enforcement of the regulations promulgated by the SAIC. If the requisite registration is not obtained, the relevant local SAICs may require the Group to forfeit advertising income earned, impose administrative fines of up to $5. They may also require the Group to discontinue advertisements at airports where the requisite advertising registration is not obtained, which may result in a breach of one or more of the Group's agreements with the Group's advertising clients and materially and adversely affect the Group's business and results of operations. As of December 31, 2015, the Group did not record a provision for this matter as management believes the possibility of an adverse outcome of the matter is remote and any liability it may incur would not have a material adverse effect on its consolidated financial statements. However, it is not possible for the Group to predict the ultimate outcome and the possible range of the potential impact of failure to obtain such disclosed registrations and approvals primarily due to the lack of relevant data and information in the market in this industry in the past.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">  </p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Approval for non-advertising content</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">A majority of the digital frames and digital TV screens in the Group's network include programs that consist of both advertising content and non-advertising content. On December 6, 2007, the State Administration of Radio, Film or Television, or the SARFT, a governmental authority in the PRC, issued the Circular regarding Strengthening the Management of Public Audio-Video in Automobiles, Buildings and Other Public Areas, or the SARFT Circular. According to the SARFT Circular, displaying audio-video programs such as television news, films and television shows, sports, technology and entertainment through public audio-video systems located in automobiles, buildings, airports, bus or train stations, shops, banks and hospitals and other outdoor public systems must be approved by the SARFT. The Group intends to obtain the requisite approval of the SARFT for the Group’s non-advertising content, but the Group cannot assure that the Group will obtain such approval in compliance with this new SARFT Circular, or at all. In January 2014, the Group entered into a strategic alliance with China Radio International Oriental Network (Beijing) Co., Ltd (“CRION”), which manages the internet TV business of China International Broadcasting Network, to operate the CIBN-AirMedia channel for broadcast network TV programs to air travellers in China. According to the terms of the cooperation arrangement with CRION, during the cooperation period from March 28, 2014 to March 27, 2024, CRION shall obtain and, from time to time, be responsible for obtaining any approval, license and consent regarding the regulation of broadcasting and television from relevant authorities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">There is no assurance that CRION will be able to obtain or maintain the requisite approval or the Group will be able to renew the contract with CRION when they expire. If the requisite approval is not obtained, the Group will be required to eliminate non-advertising content from the programs included in the Group’s digital frames and digital TV screens and advertisers may find the Group’s network less attractive and be unwilling to purchase advertising time slots on the Group’s network. As of December 31, 2015, the Group did not record a provision for this matter as management believes the possibility of adverse outcome of the matter is remote and any liability it may incur would not have a material adverse effect on its consolidated financial statements. However, it is not possible for the Group to predict the ultimate outcome and the possible range of the potential impact of failure to obtain such disclosed registrations and approvals primarily due to the lack of relevant data and information in the market in this industry in the past.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in">  </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Class action</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 67.2pt; text-align: justify; text-indent: 0.7pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.7pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: 0.7pt">The Company and two of its officers were named as defendants in a putative securities class action filed on June 25, 2015 in the U.S. District Court for the Southern District of New York: Huang v. AirMedia Group Inc. et al., Civil Action No. 1:15-CV-04966-ALC (S.D.N.Y.). The complaint in this putative class action alleges that certain of the defendants’ financial statements and other public statements and disclosures contained misstatements or omissions, including with respect to the alleged sale of an equity interest in the Company’s advertising subsidiary, in violation the U.S. securities laws. The complaint states that plaintiffs seek to represent a class of persons who allegedly suffered damages as a result of their trading activities related to the Company’s ADRs between April 15 and June 15, 2015, and alleges violations of Sections 10(b) and 20(a) of the U.S. Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. On November 10, 2015, the Court appointed China Xiayuan Transportation Co. Ltd. as the lead plaintiff and appointed a lead counsel. On January 15, 2016, the lead plaintiff filed an amended complaint, advancing similar allegations and claims as the previously filed complaint and seeking to represent a class of persons who allegedly suffered damages as a result of their trading activities related to the Company’s ADRs between April 7 and June 15, 2015. On February 5, 2016, the Company filed a letter pursuant to the judge’s individual practice rules, in which the Company identified the bases for its anticipated motion to dismiss the amended complaint and requested a pre-motion conference. On February 10, 2016, the lead plaintiff filed a letter in response to the Company’s February 5, 2016 letter. On February 11, 2016, the court denied the request for a pre-motion conference, and ordered a briefing schedule. Consistent with the court’s briefing schedule, on March 10, 2016, the Company and one of its officers (the “Filing Defendants”) filed a motion to dismiss the amended complaint. On April 7, 2016, the lead plaintiff filed its opposition to the motion to dismiss.  On April 21, 2016, the Filing Defendants filed a reply to the lead plaintiff’s opposition. As of December 31, 2015, the Group did not record a provision for this matter as management believes the possibility of adverse outcome of the matter is remote and any liability it may incur would not have a material adverse effect on its consolidated financial statements.</p> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 67.2pt; text-align: justify; text-indent: 0.7pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.7pt">The Group are not currently a party to, nor is it aware of, any other legal proceeding, investigation or claim which, in the opinion of its management, is likely to have a material adverse effect on its business, financial condition or results of operations. The Group may become subject to legal proceedings, investigations and claims incidental to the conduct of its business from time to time.</p>
</AMCN:ContingentLiabilitiesDisclosureTextBlock>
<us-gaap:SubsequentEventsTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>29.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>SUBSEQUENT EVENTS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In May 2016, the Group received a written confirmation to confirm that none of the triggering events occurred which may have required the Company to repurchase its disposed equity interest in AM Advertising, as disclosed in Note 3. Accordingly, no related put option right remained outstanding.</p>
</us-gaap:SubsequentEventsTextBlock>
<us-gaap:ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock contextRef="From2015-01-01to2015-12-31_custom_VariableInterestEntityMember">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 92%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current assets</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">63,730</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">316,268</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total non-current assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">94,811</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">190,684</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">158,541</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">506,952</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,702</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">101,197</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total non-current liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,387</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,536</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">42,089</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">127,733</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table>
</us-gaap:ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock>
<us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax (expenses)/benefits:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 46%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,088</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(988</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(480</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,625</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,500</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,941</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">537</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,512</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,421</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p>
</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
<us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,347</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">899</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued payroll</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">390</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Employee education fee excess</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Valuation allowance</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,253</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(864</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets - current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">484</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">41</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation of property and equipment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">245</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">127</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amortization of intangible assets and concession fees</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,821</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,274</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net operating loss carry forwards</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,842</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,404</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Valuation allowance</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,657</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(13,322</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets - non-current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,483</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total deferred tax assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,735</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,524</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax liabilities:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Acquired intangible assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">130</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">91</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total deferred tax liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">130</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">91</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="margin: 0pt"></p>
</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
<AMCN:ScheduleOfTaxHolidayImpactOnEarningsPerShareBasicAndDilutedTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">decrease in income tax expenses</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,379</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,912</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(14,404</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">decrease in net loss per ordinary share-basic</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.07</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.12</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">decrease in net loss per ordinary share-diluted</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.07</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.11</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table>
</AMCN:ScheduleOfTaxHolidayImpactOnEarningsPerShareBasicAndDilutedTableTextBlock>
<us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Numerator:</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 11%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 11%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 11%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income attributable to AirMedia Group Inc.’s ordinary shareholders</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- Continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(28,961</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(45,306</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(70,651</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- Discontinued operations</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,335</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,611</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">220,298</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Denominator:</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average ordinary shares outstanding used in computing net (loss) income  per ordinary share</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- basic</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">129,372,158</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares used in calculating (loss) income per ordinary shares</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discontinued operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Continuing operations (i)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,386,635</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,304,773</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">121,740,194</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.25in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Discontinued operations (ii)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">120,391,294</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.25in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,924,927</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.25in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">129,372,158</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income per ordinary share</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.09</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.22</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.23</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.09</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.22</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.16</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income per ordinary share from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.38</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.58</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-diluted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.24</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.38</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.58</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income per ordinary share from discontinued operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-basic</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.15</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.16</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.81</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-diluted</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.15</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.16</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.70</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The effect of options was excluded from the computation of diluted loss per share from continuing operations for the years ended December 31, 2013, 2014 and 2015, respectively, as the effect would be anti-dilutive.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">An incremental weighted average number of 4,659, 620,154 and 7,631,964 ordinary shares from assumed exercise of share option were included in computing the diluted income per share for the discontinued operations for the years ended December 31, 2013, 2014 and 2015, respectively.</font></td></tr></table>
</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
<us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="18" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding Options</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Aggregate</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Number of</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">exercise price</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">grant-date</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">remaining</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">intrinsic</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">options</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">per option</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">fair value</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">contractual terms</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">value</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 53%; padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding as of January 1, 2015</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 7%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,853,764</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 7%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.15</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.18</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 6%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 6%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">660,000</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.68</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.16</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,453,232</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.20</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.42</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(621,692</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.38</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.20</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding as of December 31, 2015</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,438,840</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.07</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2.16</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,236</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Options vested and expected to vest as of December 31, 2015</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,332,009</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.07</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2.15</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,056</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Options exercisable as of December 31, 2015</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,237,208</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.13</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.99</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,262</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock>
<us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="8" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td></tr> <tr style="vertical-align: top"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: top"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td nowrap="nowrap" style="width: 51%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Risk-free interest rate of return</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"> </td> <td nowrap="nowrap" style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.12%-1.10</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="width: 1%; text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.10% - 1.07</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="width: 1%; text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.00%-1.24</font></td> <td nowrap="nowrap" style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expected term</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.33-4.42 years</font></td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.00 - 3.32 years</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0.04-2.93 Years</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: top; background-color: #CCEEFF"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Volatility</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">64.75%-94.43</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">63.10% - 67.06</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.19%-126.63</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dividend yield</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock>
<AMCN:ScheduleOfAdvertisingRevenueEarnedTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirTV United (1)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 30%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">296</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,093</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,389</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due to AirTV United raised from the restructuring before the disposal as disclosed in Note 3.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due to AM Advertising mainly represent the concession fee payables for using concessions owned by AM Advertising, unpaid loans incurred before the disposal and related interests due to AM Advertising as of December 31, 2015.</font></td></tr> </table>
</AMCN:ScheduleOfAdvertisingRevenueEarnedTableTextBlock>
<us-gaap:ScheduleOfCondensedBalanceSheetTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Assets</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,029</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">332</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due from subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">178,347</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">179,619</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other current assets</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">556</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,369</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current assets</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">180,932</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">181,320</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-current assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment in subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">71,023</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">205,501</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">TOTAL ASSETS</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">251,955</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,821</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due to subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,135</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">84</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">253</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,219</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">253</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2014 and 2015; 127,662,057 shares and 127,662,057 shares issued as of December 31, 2014 and 2015, respectively; 119,942,413 shares and 124,395,645 shares outstanding as of December 31, 2014 and 2015, respectively)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Additional paid in capital</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">323,167</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">316,781</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Treasury stock (7,719,644 and 3,266,412 shares as of December 31, 2014 and 2015, respectively)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9,236</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,778</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated deficits</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(99,138</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,509</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated other comprehensive income</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,815</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,928</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total equity</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">248,736</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,568</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">TOTAL LIABILITIES AND EQUITY</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">251,955</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,821</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfCondensedBalanceSheetTableTextBlock>
<us-gaap:ScheduleOfCondensedIncomeStatementTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 55%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Selling and marketing</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(144</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">General and administrative</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,239</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,676</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,070</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total operating expenses</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,239</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,820</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,070</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment (loss) income in subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8,387</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(23,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">151,717</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income attributable to holders of ordinary shares</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfCondensedIncomeStatementTableTextBlock>
<us-gaap:ScheduleOfComprehensiveIncomeLossTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other comprehensive income (loss), net of tax:</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Change in cumulative foreign currency translation adjustment</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,281</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Comprehensive (loss) income attributable to Parent Company</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,345</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(32,109</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">138,760</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfComprehensiveIncomeLossTableTextBlock>
<us-gaap:ScheduleOfCondensedCashFlowStatementTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM OPERATING ACTIVITIES</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment loss (income) in subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,387</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">23,875</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(151,717</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,251</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,359</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">598</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">CHANGES IN WORKING CAPITAL ACCOUNTS</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other current assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">444</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(221</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(813</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">- </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(308</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">169</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due to subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,231</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(517</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,135</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due from subsidiaries</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(41</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,898</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,272</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash provided by (used in) operating activities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,643</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,391</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,523</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM FINANCING ACTIVITIES</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for treasury stock</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,846</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- </font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Proceeds from exercises of stock options</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 16.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,826</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash (used in) provided by financing activities.</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,826</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (decrease)/increase in cash</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(182</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,015</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,697</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash, at beginning of year</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">196</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 0.1in; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 0.1in; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,029</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 0.1in; text-indent: -0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash, at end of year</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 0.1in; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; 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<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized contextRef="C708294" unitRef="Shares" decimals="INF"> 12000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2015-01-01to2015-12-31" unitRef="Shares" decimals="INF"> 660000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="C708307" unitRef="Shares" decimals="INF"> 50000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2014-07-31to2014-08-01_custom_TwentyTwelveStockIncentivePlanMember" unitRef="Shares" decimals="INF"> 140000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="C708323" unitRef="Shares" decimals="INF"> 2376620 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2012-08-25to2012-09-01_custom_TwoThousandSevenStockIncentivePlanMember" unitRef="Shares" decimals="INF"> 1857538 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="C738132" unitRef="Shares" decimals="INF"> 20000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="C738131" unitRef="Shares" decimals="INF"> 60000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="C708325" unitRef="Shares" decimals="INF"> 600000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="C708301" unitRef="Shares" decimals="INF"> 2180000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2015-05-01to2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_NonEmployeeOptionsMember" unitRef="Shares" decimals="INF"> 660000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2014-06-02to2014-06-30_custom_TwentyTwelveStockIncentivePlanMember_custom_NonEmployeeOptionsMember" unitRef="Shares" decimals="INF"> 200000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2015-05-02to2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_NonEmployeeOptionsMember" unitRef="Shares" decimals="INF"> 100000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross contextRef="From2015-05-02to2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember" unitRef="Shares" decimals="INF"> 200000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.68 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2014-07-31to2014-08-01_custom_TwentyTwelveStockIncentivePlanMember" unitRef="USDPShares" decimals="INF"> 1.045 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2014-06-08to2014-06-09_custom_TwoThousandSevenStockIncentivePlanMember_custom_OptionsGrantedOnJuly2009Member_custom_ExercisePriceOneMember" unitRef="USDPShares" decimals="INF"> 1.15 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2014-06-08to2014-06-09_custom_TwoThousandSevenStockIncentivePlanMember_custom_OptionsGrantedOnJuly2009Member_custom_ExercisePriceTwoMember" unitRef="USDPShares" decimals="INF"> 1.57 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="C708323" unitRef="USDPShares" decimals="INF"> 1.025 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2011-06-01to2011-06-07_custom_TwoThousandSevenAndTwentyElevenStockIncentivePlansMember" unitRef="USDPShares" decimals="INF"> 1.57 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2012-08-25to2012-09-01_custom_TwoThousandSevenStockIncentivePlanMember" unitRef="USDPShares" decimals="INF"> 0.72 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="C738132" unitRef="USDPShares" decimals="INF"> 1.11 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="C738131" unitRef="USDPShares" decimals="INF"> 1.11 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="C708301" unitRef="USDPShares" decimals="INF"> 2.3 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="C708313" unitRef="USDPShares" decimals="INF"> 1.15 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2015-05-01to2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_NonEmployeeOptionsMember" unitRef="USDPShares" decimals="INF"> 1.675 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice contextRef="From2016-02-01to2016-02-12_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember_us-gaap_SubsequentEventMember" unitRef="USDPShares" decimals="INF"> 1.12 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="C708322"> 2016-05-31 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="C738131"> 2014-08-01 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="From2015-10-01to2015-10-31_custom_TwentyTwelveStockIncentivePlanMember"> 2016-01-31 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="From2015-05-02to2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember"> 2016-05-31 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="From2015-12-01to2015-12-31_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember"> 2016-02-12 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate contextRef="From2016-02-01to2016-02-12_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember_us-gaap_SubsequentEventMember"> 2016-01-31 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife contextRef="From2014-07-31to2014-08-01_custom_TwentyTwelveStockIncentivePlanMember"> P5Y </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife contextRef="C708323"> P5Y </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife contextRef="From2012-08-25to2012-09-01_custom_TwoThousandSevenStockIncentivePlanMember"> P5Y </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife contextRef="C749098"> P5Y </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife contextRef="C738134"> P10Y </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife contextRef="From2015-05-01to2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_NonEmployeeOptionsMember"> P5Y </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodContractLife>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.16 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2014-06-08to2014-06-09_custom_TwoThousandSevenStockIncentivePlanMember_custom_OptionsGrantedOnJuly2009Member_custom_ExercisePriceOneMember" unitRef="USDPShares" decimals="INF"> 0.22 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2014-06-08to2014-06-09_custom_TwoThousandSevenStockIncentivePlanMember_custom_OptionsGrantedOnJuly2009Member_custom_ExercisePriceTwoMember" unitRef="USDPShares" decimals="INF"> 0.12 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C708320" unitRef="USDPShares" decimals="INF"> 0.25 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C708321" unitRef="USDPShares" decimals="INF"> 0.43 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C718648" unitRef="USDPShares" decimals="INF"> 0.21 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C718647" unitRef="USDPShares" decimals="INF"> 0.21 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2011-06-01to2011-06-07_custom_TwoThousandSevenAndTwentyElevenStockIncentivePlansMember" unitRef="USDPShares" decimals="INF"> 0.75 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="From2007-06-25to2007-07-02_custom_TwentyElevenStockIncentivePlanMember" unitRef="USDPShares" decimals="INF"> 0.21 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C708316" unitRef="USDPShares" decimals="INF"> 0.39 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C708300" unitRef="USDPShares" decimals="INF"> 0.22 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C708301" unitRef="USDPShares" decimals="INF"> 0.53 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue contextRef="C708315" unitRef="USDPShares" decimals="INF"> 0.26 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares contextRef="C708322" unitRef="Shares" decimals="INF"> 1282098 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares contextRef="C708330" unitRef="Shares" decimals="INF"> 200000 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="AsOf2015-12-31" unitRef="Shares" decimals="INF"> 9237208 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber contextRef="C708326" unitRef="Shares" decimals="INF"> 100000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber contextRef="AsOf2015-12-31" unitRef="Shares" decimals="INF"> 10332009 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber contextRef="C708326" unitRef="Shares" decimals="INF"> 200000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber contextRef="AsOf2015-10-31_custom_TwentyTwelveStockIncentivePlanMember" unitRef="Shares" decimals="INF"> 20830 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber contextRef="AsOf2015-05-12_custom_TwentyTwelveStockIncentivePlanMember_custom_NonEmployeeOptionsMember" unitRef="Shares" decimals="INF"> 16664 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber contextRef="AsOf2015-12-31_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember" unitRef="Shares" decimals="INF"> 3332 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedImmediately contextRef="C738132" unitRef="Shares" decimals="INF"> 20000 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedImmediately>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 7034000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 442000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 3000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 649000 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 357000 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 1476000 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1>
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 843000 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized>
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 contextRef="From2013-01-01to2013-12-31"> P1Y8M1D </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares contextRef="C708322" unitRef="Shares" decimals="INF"> 575440 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares contextRef="From2015-10-01to2015-10-31_custom_TwentyTwelveStockIncentivePlanMember" unitRef="Shares" decimals="INF"> 29170 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares contextRef="From2015-12-01to2015-12-31_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember" unitRef="Shares" decimals="INF"> 150002 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares contextRef="From2016-02-01to2016-02-12_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember_us-gaap_SubsequentEventMember" unitRef="Shares" decimals="INF"> 83336 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares>
<AMCN:SharebasedCompensationExpense contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 567000 </AMCN:SharebasedCompensationExpense>
<AMCN:SharebasedCompensationExpense contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 1281000 </AMCN:SharebasedCompensationExpense>
<AMCN:SharebasedCompensationExpense contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 943000 </AMCN:SharebasedCompensationExpense>
<AMCN:SharebasedCompensationExpense contextRef="C708325" unitRef="USD" decimals="-3"> 35000 </AMCN:SharebasedCompensationExpense>
<AMCN:SharebasedCompensationExpense contextRef="C708313" unitRef="USD" decimals="-3"> 950000 </AMCN:SharebasedCompensationExpense>
<AMCN:SharebasedCompensationExpense contextRef="C708328" unitRef="USD" decimals="-3"> 59000 </AMCN:SharebasedCompensationExpense>
<AMCN:SharebasedCompensationExpense contextRef="From2014-01-01to2014-12-31_custom_TwentyElevenStockIncentivePlanMember_custom_SeniorExecutiveOptionsMember" unitRef="USD" xsi:nil="true"/>
<AMCN:SharebasedCompensationExpense contextRef="From2015-01-01to2015-12-31_custom_TwentyElevenStockIncentivePlanMember_custom_SeniorExecutiveOptionsMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="C697223" unitRef="Pure" decimals="INF"> 0.0010 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="C697222" unitRef="Pure" decimals="INF"> 0.0107 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="From2015-01-01to2015-12-31_us-gaap_MinimumMember" unitRef="Pure" decimals="INF"> 0.0000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="From2015-01-01to2015-12-31_us-gaap_MaximumMember" unitRef="Pure" decimals="INF"> 0.0124 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="C708292" unitRef="Pure" decimals="INF"> 0.0012 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate contextRef="C708293" unitRef="Pure" decimals="INF"> 0.0110 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="C697223"> P1Y </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="C697222"> P3Y3M26D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="From2015-01-01to2015-12-31_us-gaap_MinimumMember"> P15D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="From2015-01-01to2015-12-31_us-gaap_MaximumMember"> P2Y11M5D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 contextRef="C708292"> P3M29D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
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<us-gaap:Revenues contextRef="From2015-01-01to2015-12-31_custom_AirTravelMediaNetworkMember" unitRef="USD" decimals="-3"> 38917000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2014-01-01to2014-12-31_custom_AirTravelMediaNetworkMember" unitRef="USD" decimals="-3"> 59200000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2013-01-01to2013-12-31_custom_AirTravelMediaNetworkMember" unitRef="USD" decimals="-3"> 80002000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2014-01-01to2014-12-31_us-gaap_InvesteeMember" unitRef="USD" decimals="-3"> 11486000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2015-01-01to2015-12-31_us-gaap_InvesteeMember" unitRef="USD" decimals="-3"> 35866000 </us-gaap:Revenues>
<us-gaap:Revenues contextRef="From2013-01-01to2013-12-31_us-gaap_InvesteeMember" unitRef="USD" decimals="-3"> 18056000 </us-gaap:Revenues>
<AMCN:TotalLongtermDeposits contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 4879000 </AMCN:TotalLongtermDeposits>
<AMCN:TotalLongtermDeposits contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 8511000 </AMCN:TotalLongtermDeposits>
<us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes contextRef="From2015-01-01to2015-12-31" unitRef="Pure" decimals="INF"> -0.087 </us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
<us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes contextRef="From2014-01-01to2014-12-31" unitRef="Pure" decimals="INF"> 0.028 </us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
<us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes contextRef="From2013-01-01to2013-12-31" unitRef="Pure" decimals="INF"> 0.017 </us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 15389000 </us-gaap:DueToRelatedPartiesCurrent>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2014-12-31_custom_VariableInterestEntityMember" unitRef="USD" xsi:nil="true"/>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2015-12-31_custom_VariableInterestEntityMember" unitRef="USD" decimals="-3"> 15389000 </us-gaap:DueToRelatedPartiesCurrent>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2014-12-31_custom_QingdaoAmMember" unitRef="USD" id="Foot-19-0" decimals="-3"> 790000 </us-gaap:DueToRelatedPartiesCurrent>
<us-gaap:DueToRelatedPartiesCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 790000 </us-gaap:DueToRelatedPartiesCurrent>
<us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="30" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="14" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="14" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Gross</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Net</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Gross</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Net</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">carrying</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amortization</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">impairment</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amortization</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">impairment</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 28%; padding-left: 9pt; text-indent: -9pt; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Audio-vision programming and broadcasting qualification</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">224</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(38</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(186</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">214</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(37</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(177</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="width: 6%; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Customer relationships</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">771</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(771</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">739</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(739</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Contract backlog</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">1,612</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(1,612</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">1,544</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(1544</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Concession agreements</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">8,502</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(7,351</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(630</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">521</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">10,459</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(7,531</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(603</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">) </font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2,325</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">Non-compete agreements</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">190</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(180</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(10</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">182</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(172</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(10</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">11,299</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(9,952</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(826</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">521</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">13,138</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(10,023</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">(790</font></td> <td style="line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 8pt Times New Roman, Times, Serif">2,325</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock>
<AMCN:DisclosureLongLivedAssetsHeldForSaleTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>10.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>ASSETS HELD FOR SALE</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 0.5in"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">On January 13, 2015, the Group entered into an agreement with Beijing Tianyi Culture Development Co., Ltd., a third party, to sell 81% equity interest in AM Jinsheng at the consideration of $1,227, which operated the Group’s TV-attached digital frames. This disposal did not represent a strategic shift or have a major effect on the Group’s results of operations, accordingly the disposal of such equity interest was not presented as discontinued operations. In late September 2015, the Group disposed its remaining 19% interest in AM Jinsheng to Beijing Tianyi Culture Development Co. Ltd. (“Tianyi Culture”), the controlling shareholder of AM Jinsheng, at the nominal consideration of RMB1.  No gain or loss was recognized since the long-term investment in AM Jinsheng was fully impaired before the disposal due to continuous losses.</p>
</AMCN:DisclosureLongLivedAssetsHeldForSaleTextBlock>
<AMCN:PercentageOfRevenue contextRef="From2015-01-01to2015-12-31" unitRef="Pure" decimals="INF"> 0.98 </AMCN:PercentageOfRevenue>
<AMCN:PercentageOfRevenue contextRef="From2014-01-01to2014-12-31" unitRef="Pure" decimals="INF"> 1.000 </AMCN:PercentageOfRevenue>
<AMCN:PercentageOfRevenue contextRef="From2013-01-01to2013-12-31" unitRef="Pure" decimals="INF"> 0.992 </AMCN:PercentageOfRevenue>
<AMCN:PercentageOfTotalAssets contextRef="AsOf2015-12-31" unitRef="Pure" decimals="INF"> 0.954 </AMCN:PercentageOfTotalAssets>
<AMCN:PercentageOfTotalAssets contextRef="AsOf2014-12-31" unitRef="Pure" decimals="INF"> 0.401 </AMCN:PercentageOfTotalAssets>
<AMCN:PercentageOfTotalLiabilities contextRef="AsOf2015-12-31" unitRef="Pure" decimals="INF"> 0.953 </AMCN:PercentageOfTotalLiabilities>
<AMCN:PercentageOfTotalLiabilities contextRef="AsOf2014-12-31" unitRef="Pure" decimals="INF"> 0.332 </AMCN:PercentageOfTotalLiabilities>
<us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions contextRef="AsOf2016-02-12_custom_TwentyTwelveStockIncentivePlanMember_custom_TwoConsultantsMember_us-gaap_SubsequentEventMember" unitRef="USD" decimals="-3"> 166668000 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions>
<us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent contextRef="AsOf2015-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 72628000 </us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent>
<us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 72628000 </us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent>
<AMCN:ProvisionForEarnoutCommitmentIncludingProvisionForEarnoutCommitmentOfConsolidatedVariableInterestEntitiesWithoutRecourse contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 25240000 </AMCN:ProvisionForEarnoutCommitmentIncludingProvisionForEarnoutCommitmentOfConsolidatedVariableInterestEntitiesWithoutRecourse>
<AMCN:ProvisionForEarnoutCommitmentIncludingProvisionForEarnoutCommitmentOfConsolidatedVariableInterestEntitiesWithoutRecourse contextRef="AsOf2014-12-31" unitRef="USD" xsi:nil="true"/>
<AMCN:ProvisionForEarnoutCommitmentIncludingProvisionForEarnoutCommitmentOfConsolidatedVariableInterestEntitiesWithoutRecourse contextRef="AsOf2014-12-31_custom_VariableInterestEntityMember" unitRef="USD" xsi:nil="true"/>
<AMCN:ProvisionForEarnoutCommitmentIncludingProvisionForEarnoutCommitmentOfConsolidatedVariableInterestEntitiesWithoutRecourse contextRef="AsOf2015-12-31_custom_VariableInterestEntityMember" unitRef="USD" decimals="-3"> 25240000 </AMCN:ProvisionForEarnoutCommitmentIncludingProvisionForEarnoutCommitmentOfConsolidatedVariableInterestEntitiesWithoutRecourse>
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(a)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Basis of presentation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).</p>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<us-gaap:ConsolidationPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(b)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Basis of consolidation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The consolidated financial statements include the financial statements of the Company, its subsidiaries, its VIEs and its VIEs’ subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation.</p>
</us-gaap:ConsolidationPolicyTextBlock>
<us-gaap:UseOfEstimates contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(d)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Use of estimates</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The preparation of financial statements in conformity with US GAAP requires to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and accompanying notes, including allowance for doubtful accounts, the useful lives of property and equipment and intangible assets, impairment of long-term investments, impairment of long-lived assets, share-based compensation, provision for earnout commitment and valuation allowance for deferred tax assets. Actual results could differ from those estimates.</p>
</us-gaap:UseOfEstimates>
<us-gaap:FairValueMeasurementPolicyPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(f)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Fair value</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Level 1</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Level 2</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Level 3</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p>
</us-gaap:FairValueMeasurementPolicyPolicyTextBlock>
<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(g)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Fair value of financial instruments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group's financial instruments include cash, restricted cash, accounts receivable, notes receivable, short-term investment, amounts due from related parties, assets held for sale, short-term loan, accounts payable, and amounts due to related parties. The Group did not have any other financial assets and liabilities or nonfinancial assets and liabilities that are measured at fair value on recurring basis as of December 31, 2014 and 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group's financial assets and liabilities measured at fair value on a non-recurring basis include assets held for sale based on level 1 inputs, certain assets in connection with an equity share exchange transaction based on level 2 inputs and acquired assets and liabilities based on level 3 inputs in connection with business combinations.</p>
</us-gaap:FairValueOfFinancialInstrumentsPolicy>
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(h)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Cash and cash equivalents</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Cash and cash equivalents consist of cash on hand and highly liquid deposits which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.</p>
</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
<us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(i)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Restricted cash</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Restricted cash represents the bank deposits in escrow accounts as the performance security for certain concession right agreements.</p>
</us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy>
<us-gaap:DiscontinuedOperationsPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(c)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Discontinued operations</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"><i> </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">A disposal of a component of an entity or a group of components of an entity shall be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations. Classification as a discontinued operation occurs upon disposal or when the operation meets the criteria to be classified as held for sale, if earlier. Where an operation is classified as discontinued, a single amount is presented on the face of the consolidated statements of operations. The amount of total current assets, total non-current assets, total current liabilities and total non-current liabilities are presented separately on the consolidated balance sheets.</p>
</us-gaap:DiscontinuedOperationsPolicyTextBlock>
<us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(k)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Assets held for sale</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 64.4pt; text-align: justify; text-indent: 0.5in"><i> </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group considers assets to be held for sale when all of the following criteria are met: i) a formal commitment to a plan to sell a property was made and exercised; ii) the property is available for sale in its present condition; iii) actions required to complete the sale of the property have been initiated; iv) sale of the property is probable and the Group expects the completed sale will occur within one year; v) the property is actively being marketed for sale at a price that is reasonable given its current market value; and vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Upon designation as assets held for sale, the Group records each property at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and the Group ceases depreciation.</p>
</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>
<us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; text-align: justify; line-height: 115%"></td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(l)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Property and equipment</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 92%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital display network equipment</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas station display network equipment</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixture</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer and office equipment</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3-5 years</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vehicle</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shorter of the term of the lease</font></td></tr> <tr> <td colspan="2" style="padding-bottom: 10pt; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">or the estimated useful lives of the assets</font></td></tr></table>
</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>
<us-gaap:GoodwillAndIntangibleAssetsIntangibleAssetsPolicy contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(n)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Acquired intangible assets</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Acquired intangible assets with definite lives are carried at cost less accumulated amortization. Customer relationships intangible assets are amortized using the estimated attrition pattern of the acquired customers. Amortization of other definite-lived intangible assets is computed using the straight-line method over the following estimated economic lives:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 1in"> <tr style="vertical-align: top"> <td style="width: 81%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Audio-vision programming & broadcasting qualification</font></td> <td style="width: 19%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19.5 years</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Customer relationships</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3-3.4 years</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Contract backlog</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.2-3 years</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Concession agreements</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3.8-10 years</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-compete agreements</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.4 years</font></td></tr> </table>
</us-gaap:GoodwillAndIntangibleAssetsIntangibleAssetsPolicy>
<AMCN:ConcessionFeesPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(r)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Concession fees</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group enters concession right agreements with vendors such as airports, airlines, railway bureaus and a petroleum company, under which the Group obtains the right to use the spaces or equipment of the vendors to display the advertisements. The concession right agreements are treated as operating lease arrangements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Fees under concession right agreements are usually due every three, six or twelve months. Payments made are recorded as current assets and current liabilities according to the respective payment terms. Most of the concession fees with airports, airlines and railway bureaus are fixed with escalation, which means a fixed increase over each year of the agreements. The total concession fee under the concession right agreements with airports and airlines is charged to the consolidated statements of operations on a straight-line basis over the agreement periods, which is generally between three and five years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The fee structure of the concession right agreement with the petroleum company is based on the actual number of developed gas stations and associated standard annual concession fee for each developed gas station. Each gas station has its specific lease term starting from the time when it is actually put into operation. The calculation of rental payments is based on how many months the gas stations are actually put into operation during the year and the standard annual concession fee determined based on the location of the gas station. Accordingly, each gas station is treated as a separate lease and rental payments are recognized on a straight-line basis over its lease term. The amount of annual concession fee to-be-paid is determined by an actual incurred concession fee or a fixed minimum payment, if any, based on negotiation with the petroleum company.</p>
</AMCN:ConcessionFeesPolicyTextBlock>
<AMCN:AgencyFeesPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(s)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Agency fees</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group pays fees to advertising agencies based on a certain percentage of revenues made through the advertising agencies upon receipt of payment from advertisers. The agency fees are charged to cost of revenues in the consolidated statements of operations ratably over the period in which the advertising is displayed. Prepaid and accrued agency fees are recorded as current assets and current liabilities according to relative timing of payments made and advertising service provided. From time to time, the Group and certain advertising agencies may renegotiate and mutually agree, as permitted by applicable laws, to reduce existing agency fee liabilities as calculated under the terms of existing contracts. Such reductions in the accrued agency fees are recorded as a reduction in cost of sales in the period the renegotiations are finalized. During the years ended December 31, 2013, 2014 and 2015, reversals in cost of sales as a result of renegotiated agency fees amounted to $1,066, $70 and $403 respectively.</p>
</AMCN:AgencyFeesPolicyTextBlock>
<us-gaap:AdvertisingCostsPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(u)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Advertising costs</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group expenses advertising costs as incurred. Total advertising expenses were $469, $1,785 and $350 for the years ended December 31, 2013, 2014 and 2015, respectively, and have been included as part of selling and marketing expenses.</p>
</us-gaap:AdvertisingCostsPolicyTextBlock>
<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(w)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Income taxes</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws and regulations applicable to the Group as enacted by the relevant tax authorities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authorities. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Additionally, the Group classifies the interest and penalties, if any, as a component of the income tax position.</p>
</us-gaap:IncomeTaxPolicyTextBlock>
<us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(x)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Share-based payments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Share-based payment transactions with employees are measured based on the grant date fair value of the equity instrument issued, and recognized as compensation expenses over the requisite service periods based on a straight-line method, with a corresponding impact reflected in additional paid-in capital.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Share-based payment transactions with non-employees are measured based on the fair value of the options as of each reporting date through the measurement date, with a corresponding impact reflected in additional paid-in capital.</p>
</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
<us-gaap:ComprehensiveIncomePolicyPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(y)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Comprehensive (loss) income</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in">Comprehensive (loss) income includes net (loss) income and foreign currency translation adjustments and is presented net of tax. The tax effect is nil for the three years ended December 31, 2015 in the consolidated statements of comprehensive (loss) income.</p>
</us-gaap:ComprehensiveIncomePolicyPolicyTextBlock>
<us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(z)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Allowance of doubtful accounts</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group conducts credit evaluations of clients and generally does not require collateral or other security from clients. The Group establishes an allowance for doubtful accounts based upon estimates, historical experience and other factors surrounding the credit risk of specific clients and utilizes both specific identification and a general reserve to calculate allowance for doubtful accounts. The amount of receivables ultimately not collected by the Group has generally been consistent with expectations and the allowance established for doubtful accounts. If the frequency and amount of customer defaults change due to the clients' financial condition or general economic conditions, the allowance for uncollectible accounts may require adjustment. As a result, the Group continuously monitors outstanding receivables and adjusts allowances for accounts where collection may be in doubt.</p>
</us-gaap:ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy>
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(bb)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Net (loss) income per share</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Basic net (loss) income per share are computed by dividing net (loss) income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the year. Diluted net (loss) income reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. Potential common shares in the diluted net loss per share computation are excluded in periods of losses from continuing operations, as their effect would be anti-dilutive.</p>
</us-gaap:EarningsPerSharePolicyTextBlock>
<AMCN:GovernmentSubsidiesPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>(cc)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Government subsidies</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">The Group primarily receives tax refund and development supporting bonus from tax bureau and local government without any condition or restriction. The government subsidies are recorded in other income on the consolidated statements of operations in the period in which the amounts of such subsidies are received. The recognized government subsidies as other income are $755, $491 and $513 for the years ended December 31, 2013, 2014 and 2015, respectively.</p>
</AMCN:GovernmentSubsidiesPolicyTextBlock>
<AMCN:ConsiderationReceivableTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>9.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>CONSIDERATION RECEIVABLE</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">Consideration receivable of $200,685 represents the second installment of the total consideration for the sale of 75% equity interest in AM Advertising to the Buyers. The transaction is disclosed in Note 1. The first installment of RMB800 million ($123,498) was received in July 2015 and the second installment of RMB1,300 million ($200,685) was subsequently received in January 2016.</p>
</AMCN:ConsiderationReceivableTextBlock>
<us-gaap:ScheduleOfOtherAssetsNoncurrentTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment in film and TV series<sup> (i)</sup></font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,128</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,781</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid office space and leasehold improvement fees<sup> (ii)</sup></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,831</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,612</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Group invests in films and TV series, which are produced by other third parties, and shares profit of the invested films and TV series based on its investment as a percentage of the total investment for a film or TV series.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Amounts related to the investments in films and TV series that are expected to receive investment returns within one year after December 31 of each fiscal year are recorded as other current assets. The remaining balance is recorded as other non-current assets. The investments of $6,128 and $4,781 were recorded as other non-current assets for the years ended December 31, 2014 and 2015, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-align: justify">The Group also enters into agreements with other investors to invest together on certain film or TV series, which are produced by third parties, and shares the profit of the invested films and TV series proportionally based on their investments. The Group received the investment from other investors, and recorded it as other non-current liabilities amounted to $1,257 and $1,205 as of December 31, 2014 and 2015 due to the long-term of expected investment returns.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In 2015, the Group prepaid for office space and leasehold improvement fees in total of $6,831. As the office spaces legal title had not been transferred to the Group, the prepaid amounts were recognized as other non-current assets as of December 31, 2015.</font></td></tr></table>
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<us-gaap:ConcentrationRiskPercentage1 contextRef="From2013-01-01to2013-12-31_us-gaap_SalesRevenueNetMember_custom_CustomeraMember" unitRef="Pure" decimals="INF"> 0.210 </us-gaap:ConcentrationRiskPercentage1>
<us-gaap:ConcentrationRiskPercentage1 contextRef="From2015-01-01to2015-12-31_us-gaap_SalesRevenueNetMember_custom_CustomeraMember" unitRef="Pure" decimals="INF"> 0.000 </us-gaap:ConcentrationRiskPercentage1>
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<us-gaap:DepositsAssetsCurrent contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 162000 </us-gaap:DepositsAssetsCurrent>
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<us-gaap:OtherPrepaidExpenseCurrent contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 972000 </us-gaap:OtherPrepaidExpenseCurrent>
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<us-gaap:OtherAssetsMiscellaneousCurrent contextRef="AsOf2014-12-31" unitRef="USD" decimals="-3"> 7319000 </us-gaap:OtherAssetsMiscellaneousCurrent>
<AMCN:LoansToThirdParties contextRef="AsOf2015-12-31" unitRef="USD" id="Foot-20-0" decimals="-3"> 5403000 </AMCN:LoansToThirdParties>
<AMCN:LoansToThirdParties contextRef="AsOf2014-12-31" unitRef="USD" id="Foot-20-1" xsi:nil="true"/>
<AMCN:LoansToThirdParties contextRef="AsOf2015-12-31_custom_ThirdPartyLoanOneMember" unitRef="USD" decimals="-3"> 617000 </AMCN:LoansToThirdParties>
<AMCN:LoansToThirdParties contextRef="AsOf2015-12-31_custom_ThirdPartyLoanTwoMember" unitRef="USD" decimals="-3"> 1698000 </AMCN:LoansToThirdParties>
<AMCN:LoansToThirdParties contextRef="AsOf2015-12-31_custom_ThirdPartyLoanThreeMember" unitRef="USD" decimals="-3"> 3088000 </AMCN:LoansToThirdParties>
<AMCN:ReceivablesFromAdsDepositaries contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 468000 </AMCN:ReceivablesFromAdsDepositaries>
<AMCN:ReceivablesFromAdsDepositaries contextRef="AsOf2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 480000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
<us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 988000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
<us-gaap:CurrentIncomeTaxExpenseBenefit contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 1088000 </us-gaap:CurrentIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 5941000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -2500000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -1625000 </us-gaap:DeferredIncomeTaxExpenseBenefit>
<AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedContinuingOperations contextRef="From2015-01-01to2015-12-31" unitRef="Shares" id="Foot-21-0" decimals="INF"> 121740194 </AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedContinuingOperations>
<AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedContinuingOperations contextRef="From2014-01-01to2014-12-31" unitRef="Shares" id="Foot-21-1" decimals="INF"> 119304773 </AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedContinuingOperations>
<AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedContinuingOperations contextRef="From2013-01-01to2013-12-31" unitRef="Shares" id="Foot-21-2" decimals="INF"> 120386635 </AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedContinuingOperations>
<AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedDiscontinuedOperations contextRef="From2015-01-01to2015-12-31" unitRef="Shares" id="Foot-22-0" decimals="INF"> 129372158 </AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedDiscontinuedOperations>
<AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedDiscontinuedOperations contextRef="From2014-01-01to2014-12-31" unitRef="Shares" id="Foot-22-1" decimals="INF"> 119924927 </AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedDiscontinuedOperations>
<AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedDiscontinuedOperations contextRef="From2013-01-01to2013-12-31" unitRef="Shares" id="Foot-22-2" decimals="INF"> 120391294 </AMCN:WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperationsDilutedDiscontinuedOperations>
<AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareBasic contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> -0.58 </AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareBasic>
<AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareBasic contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> -0.38 </AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareBasic>
<AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareBasic contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> -0.24 </AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareBasic>
<AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareDiluted contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> -0.58 </AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareDiluted>
<AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareDiluted contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> -0.38 </AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareDiluted>
<AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareDiluted contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> -0.24 </AMCN:IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareDiluted>
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<AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareBasic contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> 0.16 </AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareBasic>
<AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareBasic contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> 0.15 </AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareBasic>
<AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareDiluted contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.70 </AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareDiluted>
<AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareDiluted contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> 0.16 </AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareDiluted>
<AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareDiluted contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> 0.15 </AMCN:IncomeLossFromDiscontinuedOperationsAndDisposalOfDiscontinuedOperationsNetOfTaxPerBasicShareDiluted>
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<us-gaap:EarningsPerShareDiluted contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> -0.22 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareDiluted contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> -0.09 </us-gaap:EarningsPerShareDiluted>
<us-gaap:EarningsPerShareBasic contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.23 </us-gaap:EarningsPerShareBasic>
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<us-gaap:EarningsPerShareBasic contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> -0.09 </us-gaap:EarningsPerShareBasic>
<AMCN:ProvisionForStatutoryReserves contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 199085000 </AMCN:ProvisionForStatutoryReserves>
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<AMCN:CapitalContrubutedIntoJointVenture contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 1455000 </AMCN:CapitalContrubutedIntoJointVenture>
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<AMCN:PurchaseNoncontrollingInterestInSubsidiaryAmLianhe contextRef="From2015-01-01to2015-12-31_us-gaap_ParentCompanyMember_us-gaap_AdditionalPaidInCapitalMember" unitRef="USD" decimals="-3"> -6163000 </AMCN:PurchaseNoncontrollingInterestInSubsidiaryAmLianhe>
<us-gaap:UnrealizedGainLossOnInvestments contextRef="From2014-12-01to2014-12-31_custom_JiachengAdvertisingMember" unitRef="USD" decimals="-3"> 252000 </us-gaap:UnrealizedGainLossOnInvestments>
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<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 200685000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2014-01-01to2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2015-06-01to2015-06-15_custom_LongdeWenchuangMember" unitRef="USD" decimals="-3"> 324183000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<us-gaap:BusinessCombinationConsiderationTransferred1 contextRef="From2015-01-01to2015-12-31_custom_AmFilmMember" unitRef="USD" decimals="-3"> 796000 </us-gaap:BusinessCombinationConsiderationTransferred1>
<AMCN:EquityMethodInvestmentOwnershipPercentageTransferred contextRef="AsOf2015-06-15_custom_AmAdvertisingMember" unitRef="Pure" decimals="INF"> 0.25 </AMCN:EquityMethodInvestmentOwnershipPercentageTransferred>
<AMCN:EquityMethodInvestmentOwnershipPercentageTransferred contextRef="AsOf2014-06-30_custom_AMJiamingMember" unitRef="Pure" decimals="INF"> 0.51 </AMCN:EquityMethodInvestmentOwnershipPercentageTransferred>
<us-gaap:RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 280000 </us-gaap:RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty>
<us-gaap:RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty contextRef="From2014-01-01to2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 681000 </us-gaap:RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty>
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<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 19611000 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity>
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<AMCN:NetProfit contextRef="From2015-01-01to2015-12-31_currency_CNY" unitRef="cny" decimals="-3"> 200000000 </AMCN:NetProfit>
<AMCN:NetProfit contextRef="From2016-01-01to2016-12-31_currency_CNY" unitRef="cny" decimals="-3"> 240000000 </AMCN:NetProfit>
<AMCN:NetProfit contextRef="From2017-01-01to2017-12-31_currency_CNY" unitRef="cny" decimals="-3"> 288000000 </AMCN:NetProfit>
<AMCN:NetProfit contextRef="From2018-01-01to2018-12-31_currency_CNY" unitRef="cny" decimals="-3"> 331200000 </AMCN:NetProfit>
<AMCN:NetProfit contextRef="From2015-12-01to2015-12-31_currency_CNY" unitRef="cny" decimals="-3"> 1059200000 </AMCN:NetProfit>
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<AMCN:ScheduleOfLoanToRelatedPartyTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 25%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jinshi (1)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 38%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (1)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">142</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">144</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table>
</AMCN:ScheduleOfLoanToRelatedPartyTableTextBlock>
<AMCN:UnitPriceOfEachLedScreen contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 58000 </AMCN:UnitPriceOfEachLedScreen>
<AMCN:WeightedAverageCostOfCapital contextRef="From2015-01-01to2015-12-31" unitRef="Pure" decimals="INF"> 0.17 </AMCN:WeightedAverageCostOfCapital>
<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> -0.58 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> -0.38 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
<us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> -0.24 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare>
<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> -0.58 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> -0.38 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
<us-gaap:IncomeLossFromContinuingOperationsPerBasicShare contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> -0.24 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare>
<us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.70 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare>
<us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> 0.16 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare>
<us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> 0.15 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare>
<us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.81 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare>
<us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare contextRef="From2014-01-01to2014-12-31" unitRef="USDPShares" decimals="INF"> 0.16 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare>
<us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare contextRef="From2013-01-01to2013-12-31" unitRef="USDPShares" decimals="INF"> 0.15 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare>
<AMCN:DisposalOfEquityInterestInAmJinshengCashDisposed contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="0"> 10000 </AMCN:DisposalOfEquityInterestInAmJinshengCashDisposed>
<AMCN:DisposalOfEquityInterestInXingheUnionCashDisposed contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="0"> 14000 </AMCN:DisposalOfEquityInterestInXingheUnionCashDisposed>
<us-gaap:RepaymentsOfDebt contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 3000000 </us-gaap:RepaymentsOfDebt>
<us-gaap:RepaymentsOfDebt contextRef="From2014-01-01to2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:RepaymentsOfDebt contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:PaymentsOfDividends contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 221000 </us-gaap:PaymentsOfDividends>
<us-gaap:PaymentsOfDividends contextRef="From2014-01-01to2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:PaymentsOfDividends contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 675000 </us-gaap:PaymentsOfDividends>
<AMCN:CashAcquiredAcquisition contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:DepreciationAndAmortization contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 5771000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 6294000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DepreciationAndAmortization contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 11813000 </us-gaap:DepreciationAndAmortization>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold contextRef="From2015-01-01to2015-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 126745000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold contextRef="From2014-01-01to2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 139227000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold contextRef="From2013-01-01to2013-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 146932000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense contextRef="From2015-01-01to2015-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 13239000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense contextRef="From2014-01-01to2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 17868000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense contextRef="From2013-01-01to2013-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 21486000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationOperatingExpense>
<us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 244164000 </us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax>
<us-gaap:InterestIncomeExpenseNet contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 472000 </us-gaap:InterestIncomeExpenseNet>
<us-gaap:InterestIncomeExpenseNet contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 1058000 </us-gaap:InterestIncomeExpenseNet>
<us-gaap:InterestIncomeExpenseNet contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -224000 </us-gaap:InterestIncomeExpenseNet>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> -74202000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -53414000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -30323000 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
<AMCN:IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> -80623000 </AMCN:IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments>
<AMCN:IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -51902000 </AMCN:IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments>
<AMCN:IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -29786000 </AMCN:IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments>
<us-gaap:IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> -7620000 </us-gaap:IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity>
<us-gaap:IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -6808000 </us-gaap:IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity>
<us-gaap:IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -894000 </us-gaap:IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity>
<us-gaap:IncomeLossFromContinuingOperations contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> -70651000 </us-gaap:IncomeLossFromContinuingOperations>
<us-gaap:IncomeLossFromContinuingOperations contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -45306000 </us-gaap:IncomeLossFromContinuingOperations>
<us-gaap:IncomeLossFromContinuingOperations contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -28961000 </us-gaap:IncomeLossFromContinuingOperations>
<us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> -78271000 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -52114000 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> -29855000 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest>
<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> -885000 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest>
<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> -677000 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest>
<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 221183000 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax>
<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 20288000 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax>
<us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 18335000 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax>
<us-gaap:DueFromAffiliateNoncurrent contextRef="AsOf2015-12-31_custom_AirMediaOnlineNetworkTechnologyCoLtdAmOnlineMember_custom_AirmediaTechnologyBeijingCoLtdMember_custom_AirMediaOnlineNetworkTechnologyCoLtdAmOnlineMember" unitRef="cny" decimals="0"> 40000000 </us-gaap:DueFromAffiliateNoncurrent>
<us-gaap:DebtInstrumentTerm contextRef="From2015-01-01to2015-12-31_custom_AirMediaOnlineNetworkTechnologyCoLtdAmOnlineMember_custom_AirmediaTechnologyBeijingCoLtdMember"> P10Y </us-gaap:DebtInstrumentTerm>
<us-gaap:DebtInstrumentTerm contextRef="From2015-01-01to2015-12-31_custom_ThirdPartyLoanOneMember"> P1Y </us-gaap:DebtInstrumentTerm>
<us-gaap:DebtInstrumentTerm contextRef="From2015-01-01to2015-12-31_custom_ThirdPartyLoanTwoMember"> P1Y </us-gaap:DebtInstrumentTerm>
<us-gaap:DebtInstrumentTerm contextRef="From2015-01-01to2015-12-31_custom_ThirdPartyLoanThreeMember"> P3M </us-gaap:DebtInstrumentTerm>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 7320000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 61459000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet>
<us-gaap:AccountsAndNotesReceivableNet contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 1911000 </us-gaap:AccountsAndNotesReceivableNet>
<AMCN:PrepaidConcessionFees contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 18023000 </AMCN:PrepaidConcessionFees>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 18315000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 1101000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetCurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 14948000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 286000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetsNoncurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 3681000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssetsNoncurrent>
<us-gaap:DepositAssets contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 11789000 </us-gaap:DepositAssets>
<us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 156224000 </us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 55129000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 6635000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxesPayable contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 555000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxesPayable>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 9519000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredRevenueCurrent>
<us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxLiabilitiesNoncurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 72000 </us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredTaxLiabilitiesNoncurrent>
<AMCN:DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrent contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 72000 </AMCN:DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrent>
<us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation contextRef="AsOf2014-12-31_us-gaap_DiscontinuedOperationsDisposedOfBySaleMember" unitRef="USD" decimals="-3"> 72700000 </us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation>
<us-gaap:DirectToTelevisionFilmCosts contextRef="AsOf2015-12-31" unitRef="USD" id="Foot-24-0" decimals="-3"> 4781000 </us-gaap:DirectToTelevisionFilmCosts>
<us-gaap:DirectToTelevisionFilmCosts contextRef="AsOf2014-12-31" unitRef="USD" id="Foot-24-1" decimals="-3"> 6128000 </us-gaap:DirectToTelevisionFilmCosts>
<us-gaap:LeaseholdImprovementsGross contextRef="AsOf2015-12-31" unitRef="USD" id="Foot-25-0" decimals="-3"> 6831000 </us-gaap:LeaseholdImprovementsGross>
<us-gaap:LeaseholdImprovementsGross contextRef="AsOf2014-12-31" unitRef="USD" id="Foot-25-1" xsi:nil="true"/>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2015-12-31" unitRef="Shares" decimals="INF"> 10438840 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber contextRef="AsOf2014-12-31" unitRef="Shares" decimals="INF"> 14853764 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
<us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised contextRef="From2015-01-01to2015-12-31" unitRef="Shares" decimals="INF"> 4453232 </us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod contextRef="From2015-01-01to2015-12-31" unitRef="Shares" decimals="INF"> 621692 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2015-12-31" unitRef="USDPShares" decimals="INF"> 1.14 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice contextRef="AsOf2014-12-31" unitRef="USDPShares" decimals="INF"> 1.15 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.20 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.38 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice contextRef="AsOf2015-12-31" unitRef="USDPShares" decimals="INF"> 1.14 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice contextRef="AsOf2015-12-31" unitRef="USDPShares" decimals="INF"> 1.14 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue contextRef="AsOf2015-12-31" unitRef="USDPShares" decimals="INF"> 1.07 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue contextRef="AsOf2014-12-31" unitRef="USDPShares" decimals="INF"> 1.18 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.42 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedWeightedAverageGrantDateFairValue contextRef="From2015-01-01to2015-12-31" unitRef="USDPShares" decimals="INF"> 1.20 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedWeightedAverageGrantDateFairValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 contextRef="From2015-01-01to2015-12-31"> P2Y1M28D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1 contextRef="From2015-01-01to2015-12-31"> P2Y1M24D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 contextRef="From2015-01-01to2015-12-31"> P1Y11M27D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 17236000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue>
<us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 17056000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue>
<us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 contextRef="AsOf2015-12-31" unitRef="USD" decimals="-3"> 15262000 </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue contextRef="AsOf2015-12-31" unitRef="USDPShares" decimals="INF"> 1.07 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestWeightedAverageGrantDateFairValue>
<AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue contextRef="AsOf2015-12-31" unitRef="USDPShares" decimals="INF"> 1.13 </AMCN:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue>
<us-gaap:IncomeTaxReconciliationTaxHolidays contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 14404000 </us-gaap:IncomeTaxReconciliationTaxHolidays>
<us-gaap:IncomeTaxReconciliationTaxHolidays contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 7912000 </us-gaap:IncomeTaxReconciliationTaxHolidays>
<us-gaap:IncomeTaxReconciliationTaxHolidays contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 5379000 </us-gaap:IncomeTaxReconciliationTaxHolidays>
<AMCN:ScheduleOfEstimatedEconomicLivesOfIntangibleAssetsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: top"> <td style="width: 81%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Audio-vision programming & broadcasting qualification</font></td> <td style="width: 19%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19.5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Customer relationships</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3-3.4 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Contract backlog</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.2-3 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Concession agreements</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3.8-10 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-compete agreements</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.4 years</font></td></tr> </table>
</AMCN:ScheduleOfEstimatedEconomicLivesOfIntangibleAssetsTableTextBlock>
<AMCN:ScheduleOfEstimatedUsefulLivesOfPropertyAndEquipmentTableTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: top"> <td style="width: 52%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital display network equipment</font></td> <td style="width: 1%; text-align: right; line-height: 115%"> </td> <td style="width: 47%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas station display network equipment</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixture</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer and office equipment</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3-5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vehicle</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shorter of the term of the lease</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">or the estimated useful lives of the assets</font></td></tr> </table>
</AMCN:ScheduleOfEstimatedUsefulLivesOfPropertyAndEquipmentTableTextBlock>
<us-gaap:ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Revenues from continuing operations:</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 61%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Air Travel Media Network</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">80,002</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">59,200</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">38,817</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas Station Media Network</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,726</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,164</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,840</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other Media</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">36</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,583</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 9pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,109</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">92,764</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">75,947</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,866</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock>
<us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Billed receivable</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,356</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,117</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Unbilled receivable</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,636</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,067</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, gross</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">27,992</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,184</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Allowance for doubtful accounts</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,727</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">23,534</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,457</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table>
</us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock>
<AMCN:ScheduleOfAllowanceForDoubtfulAccountsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 88%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">beginning</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Charge to</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Exchange</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">end of the</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">of the year</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">expenses</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Write off</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">adjustment</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">year</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 20%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">362</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 13%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,049</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 13%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 13%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,212</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(180</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,661</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(70</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,727</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table>
</AMCN:ScheduleOfAllowanceForDoubtfulAccountsTableTextBlock>
<us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Input VAT receivable</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,438</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">13,604</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid selling and marketing fees</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">829</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">773</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Short-term deposits</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">162</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">150</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid income tax</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">467</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">447</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid individual income tax</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">451</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">433</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loans to third parties <sup>(i)</sup></font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,403</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivable from third party <sup>(ii)</sup></font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,110</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivable from a non-controlling interest holder</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,313</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivables from ADS depositary</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">468</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other assets from nonmonetary transactions</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">212</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other prepaid expenses</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">972</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,991</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,319</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">30,904</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(i)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loans to third parties represented the loans to three third parties. On December 3, 2015, December 21, 2015 and December 24, 2015, the Group entered into three loan agreements with three third parties amounting to $617, $1,698 and $3,088, respectively with the terms of one year, one year and three months, respectively. The interest rates were 4.35%, 4.35% and 5.655% without any assets pledged. The loan of $1,698 was subsequently repaid in January 2016.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(ii)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Receivable from third party represented the working capital provided by the Group to support the third party’s daily operations.</font></td></tr></table>
</us-gaap:ScheduleOfOtherCurrentAssetsTableTextBlock>
<AMCN:ScheduleOfLongTermDepositsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 86%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Concession fee deposits</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,195</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,527</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Office rental deposits</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">316</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">352</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,511</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,879</font></td> <td style="line-height: 115%"> </td></tr> </table>
</AMCN:ScheduleOfLongTermDepositsTableTextBlock>
<us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 88%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 65%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital display network equipment</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,427</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,049</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas station display network equipment</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">23,261</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,412</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,367</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,959</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer and office equipment</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,717</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,140</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vehicle</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">985</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">774</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">209</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">218</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixture</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">687</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,092</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(52,272</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(26,305</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,381</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">48,339</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:PropertyPlantAndEquipmentTextBlock>
<us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Year</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 83%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,279</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">249</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">104</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,632</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
<AMCN:ScheduleOfFutureMinimumConcessionFeePaymentsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Year</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 83%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21,035</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,215</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,193</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,539</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,620</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2021 and thereafter</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,378</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">96,980</font></td> <td style="line-height: 115%"> </td></tr> </table>
</AMCN:ScheduleOfFutureMinimumConcessionFeePaymentsTableTextBlock>
<us-gaap:OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 contextRef="From2014-01-01to2014-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:FairValueOfAssetsAcquired contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 304000 </us-gaap:FairValueOfAssetsAcquired>
<us-gaap:FairValueOfAssetsAcquired contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 11083000 </us-gaap:FairValueOfAssetsAcquired>
<us-gaap:FairValueOfAssetsAcquired contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 50305000 </us-gaap:FairValueOfAssetsAcquired>
<us-gaap:TransferOfInvestments contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 233000 </us-gaap:TransferOfInvestments>
<us-gaap:TransferOfInvestments contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 1118000 </us-gaap:TransferOfInvestments>
<us-gaap:TransferOfInvestments contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:CapitalExpendituresIncurredButNotYetPaid contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 15925000 </us-gaap:CapitalExpendituresIncurredButNotYetPaid>
<us-gaap:CapitalExpendituresIncurredButNotYetPaid contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 8526000 </us-gaap:CapitalExpendituresIncurredButNotYetPaid>
<us-gaap:CapitalExpendituresIncurredButNotYetPaid contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 3561000 </us-gaap:CapitalExpendituresIncurredButNotYetPaid>
<AMCN:TransferOfEquityIntersts contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true"/>
<AMCN:TransferOfEquityIntersts contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 53000 </AMCN:TransferOfEquityIntersts>
<AMCN:TransferOfEquityIntersts contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<AMCN:DividendsPayableToNonControllingInterests contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true"/>
<AMCN:DividendsPayableToNonControllingInterests contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 73000 </AMCN:DividendsPayableToNonControllingInterests>
<AMCN:DividendsPayableToNonControllingInterests contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
<us-gaap:SharePrice contextRef="AsOf2015-06-19_us-gaap_ScenarioPlanMember_custom_HermanManGuoMember" unitRef="USDPShares" decimals="INF"> 3.00 </us-gaap:SharePrice>
<us-gaap:SharePrice contextRef="AsOf2015-06-19_us-gaap_ScenarioPlanMember_custom_HermanManGuoMember_custom_ADSMember" unitRef="USDPShares" decimals="INF"> 6.00 </us-gaap:SharePrice>
<invest:InvestmentMaturityDateRangeStart1 contextRef="From2015-01-01to2015-12-31"> 2016-03-31 </invest:InvestmentMaturityDateRangeStart1>
<invest:InvestmentMaturityDateRangeEnd1 contextRef="From2015-01-01to2015-12-31"> 2016-12-31 </invest:InvestmentMaturityDateRangeEnd1>
<us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired contextRef="AsOf2015-12-31_custom_AMJiamingMember" unitRef="Pure" decimals="INF"> 0.51 </us-gaap:BusinessAcquisitionPercentageOfVotingInterestsAcquired>
<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="From2015-01-01to2015-12-31" unitRef="Shares" decimals="INF"> 7631964 </us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="From2014-01-01to2014-12-31" unitRef="Shares" decimals="INF"> 620154 </us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
<us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements contextRef="From2013-01-01to2013-12-31" unitRef="Shares" decimals="INF"> 4659 </us-gaap:IncrementalCommonSharesAttributableToShareBasedPaymentArrangements>
<us-gaap:FairValueInputsLongTermRevenueGrowthRate contextRef="From2015-01-01to2015-12-31" unitRef="Pure" decimals="INF"> 0.03 </us-gaap:FairValueInputsLongTermRevenueGrowthRate>
<us-gaap:FairValueInputsDiscountRate contextRef="From2015-01-01to2015-12-31" unitRef="Pure" decimals="INF"> 0.075 </us-gaap:FairValueInputsDiscountRate>
<us-gaap:AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>16.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt">Accrued expenses and other current liabilities consist of the follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 65%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued payroll and welfare</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,773</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,860</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other tax payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">560</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,462</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued staff disbursement</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">738</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,166</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deposit payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">837</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">665</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued professional fees</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,382</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">569</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,209</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,863</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,744</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock>
<us-gaap:ScheduleOfAccruedLiabilitiesTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 85%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 65%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued payroll and welfare</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,773</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,860</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other tax payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">560</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,462</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued staff disbursement</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">738</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,166</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deposit payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">837</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">665</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued professional fees</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,382</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">569</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,209</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,863</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,744</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfAccruedLiabilitiesTableTextBlock>
<AMCN:SalesRelatedTaxPercentageOfTotalRevenue contextRef="From2015-01-01to2015-12-31" unitRef="Pure" decimals="INF"> 0.085 </AMCN:SalesRelatedTaxPercentageOfTotalRevenue>
<AMCN:ValueAddedTax contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3"> 2647000 </AMCN:ValueAddedTax>
<AMCN:ValueAddedTax contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 3610000 </AMCN:ValueAddedTax>
<AMCN:ValueAddedTax contextRef="From2013-01-01to2013-12-31" unitRef="USD" decimals="-3"> 5854000 </AMCN:ValueAddedTax>
<us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>1.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>ORGANIZATION AND PRINCIPAL ACTIVITIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36.15pt"><i>Introduction of the Group</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">AirMedia Group Inc. (“AirMedia” or the “Company”) was incorporated in the Cayman Islands on April 12, 2007.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">AirMedia, its subsidiaries, its variable interest entities (“VIEs”) and VIEs’ subsidiaries (collectively the “Group”) operate its out-of-home advertising network, primarily air travel advertising network, in the People’s Republic of China (the “PRC”).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">In June 2015, the Company, AM Technology, AirMedia Shengshi, which is the Company’s VIE in China as well as the controlling shareholder of AirMedia Group Co., Ltd. (“AM Advertising”), and Mr. Herman Guo, who is registered shareholder of AM Advertising under PRC law entered into a definitive agreement (“Equity Interest Transfer Agreement”) with Beijing Longde Wenchuang Fund Management Co., Ltd. (“Longde Wenchuang” or the “Buyer”) to sell 75% equity interest of AM Advertising for a consideration of RMB2.1 billion (equivalent to $324,183) in cash. As part of the transaction, the Company effected an internal business reorganization and transferred all its media business in airports (excluding digital TV screens in airports and TV-attached digital frames) and all billboard and LED media business outside of airports (excluding gas station media network and digital TV screens on airplanes) to AM Advertising to form the target business to be sold (the “Target Business”) and transferred its other business out of AM Advertising. To effectuate the sale, the Company removed the VIE structure with respect to AM Advertising. The change in the equity ownership of AM Advertising was registered with the local branch of the State Administration for Industry and Commerce, or the SAIC, in December 2015. The Company now holds 25% equity interest in AM Advertising and has ceased to consolidate the results of AM Advertising since December 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">In November, Longde Wenchuang transferred 46.43% equity interest of AM Advertising to Beijing Culture Center Construction Development Fund (LLP) (“Culture Center Fund”, together with Longde Wenchuang, the “Buyers”). Longde Wenchuang retained 28.57% equity interest of AM Advertising.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">This disposal represents a strategic shift and has a major effect on the Group’s results of operations. Accordingly, assets and liabilities, revenues and expenses, and cash flows related to the disposed business lines have been reclassified in the accompanying consolidated financial statements as discontinued operations for all periods presented. The consolidated balance sheets as of December 31, 2014, the consolidated statements of operations and the consolidated statements of cash flows for the years ended December 31, 2013 and 2014 are adjusted retrospectively to reflect this change.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 19, 2015, the Company's board of directors formed a special committee consisting of three independent members in order to consider a going private transaction submitted by Mr. Herman Man Guo to acquire the Company for $3.00 in cash per share (or $6.00 in cash per ADS) other than any ordinary shares or ADSs of the Company beneficially held by Mr. Herman Man Guo, his affiliates or other management shareholders who may choose to roll over their Shares in connection with the proposed acquisition (the “Proposal”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; word-spacing: 0px; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; word-spacing: 0px; text-align: justify">Pursuant to the Proposal, on September 28, 2015, the Company, together with AirMedia Holdings Ltd. (“Parent”) and AirMedia Merger Company Limited (“Merger Sub”), executed and delivered the merger agreement and the applicable parties executed the ancillary documents relating thereto as to which they respectively are a party. The merger is subject to customary closing conditions including the approval of the merger agreement by an affirmative vote of holders of shares representing at least two-thirds of the voting power of the shares present and voting in person or by proxy at a meeting of our shareholders.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt">As of December 31, 2015, details of the Company’s subsidiaries, VIEs and VIEs’ subsidiaries are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Date of</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation/</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">of legal</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">acquisition</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">ownership</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intermediate Holding Company:</b></font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; width: 49%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Broad Cosmos Enterprises Ltd.</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 16%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 26, 2006</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 21%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">British Virgin Islands (“BVI”)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia International Limited (“AM International”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">July 14, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">BVI</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia (China) Limited (“AM China”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">August 5, 2005</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Subsidiaries:</b></font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Technology (Beijing) Co., Ltd. (“AM Technology”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">September 19, 2005</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shenzhen AirMedia Information Technology Co., Ltd. (“Shenzhen AM”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 6, 2006</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Xi’an AirMedia Chuangyi Technology Co., Ltd. (“Xi’an AM”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">December 31, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>VIEs:</b></font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Shengshi Advertising Co., Ltd.</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Formerly Beijing Shengshi Lianhe Advertising Co., Ltd.)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(“AirMedia Shengshi”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">August 7, 2005</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jiaming Advertising Co., Ltd.</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Formerly Beijing AirMedia UC Advertising Co., Ltd.)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(“Jiaming Advertising”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">January 1, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Yuehang Digital Media Advertising Co., Ltd. (“AM Yuehang”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">January 16, 2008</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Online Network Technology Co., Ltd. (“AM Online”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 30, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">  </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Date of</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation/</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">of legal</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">acquisition</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">ownership</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 49%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>VIEs’ subsidiaries:</b></font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 16%; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 21%; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Film & TV Culture Co., Ltd. (“AM Film”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">September 13, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Flying Dragon Media Advertising Co., Ltd. (“Flying Dragon”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">August 1, 2008</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wenzhou AirMedia Advertising Co., Ltd. (“AM Wenzhou”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">October 17, 2008</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hainan Jinhui Guangming Media Advertising Co., Ltd. (“Hainan Jinhui”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 23, 2009</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Dongding Gongyi Advertising Co., Ltd. (“Dongding”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">February 1, 2010</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing GreatView Media Advertising Co., Ltd.</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Formerly Beijing Weimei Shengjing Media</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Advertising Co., Ltd.) (“GreatView Media”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 28, 2011</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Meizheng Advertising Co., Ltd. (“Guangzhou Meizheng”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">May 17, 2013</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Tianyi Information Technology Co., Ltd. (“AM Tianyi”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">September 25, 2013</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Xinyu Advertising Co., Ltd.</font><br /> <font style="font: 10pt Times New Roman, Times, Serif">(“Guangzhou Xinyu”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">February 2, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Mobile Network Technology Co., Ltd. (“AM Mobile”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 23, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Meizheng Information Technology Co., Ltd. (“Guangzhou Tech”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 18, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Henglong Mobile Network Technology Co., Ltd. (“AMHL Mobile”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 27, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jiaming Film & TV Culture Co., Ltd. (“AM Jiaming”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">December 31, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: -0.55pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36.15pt"><i>The VIE arrangements</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">Chinese regulations currently limit foreign ownership of companies that provide advertising services, including out-of-home television advertising services. Since December 30, 2005, foreign investors have been permitted to own directly 100% interest in PRC advertising companies if the foreign investor has at least three years of direct operations of advertising business outside of the PRC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">One of the Company’s subsidiary, AM China, the 100% shareholder of AM Technology, Shenzhen AM, and Xi’an AM, has been engaged in the advertising business in Hong Kong since September 2008. Since it has operated as an advertising business for more than three years, AM China and its subsidiaries may apply for the required licenses to provide advertising services in China.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The Group conducts substantially all of its activities through VIEs, i.e. AirMedia Shengshi, Jiaming Advertising, AM Yuehang and AM Online, and the VIEs’ subsidiaries. The VIEs have entered into the following series of agreements with AM Technology:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36.15pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Technology support and service agreement: </i></b>AM Technology provides exclusive technology support and consulting services to the VIEs and in return, the VIEs are required to pay AM Technology service fees. The VIEs pay to AM Technology annual service fees in the amount that guarantee that the VIEs can achieve, after deducting such service fees payable to AM Technology, a net cost-plus rate of no less than 0.5% in the case of AirMedia Shengshi, and Jiaming Advertising, or 1.0% in the case of AM Yuehang, which final rate should be determined by AM Technology. The “net cost-plus rate” refers to the operating profit as a percentage of total costs and expenses of a certain entity. The technology support and service fees for each given year payable by AM Online to AM Technology under AM Online’s technology support and service agreement shall be determined by AM Online and AM Technology at the first month of such year taking into account several factors. Those factors include the credential of the team of AM Technology that provides services to AM Online, the number of service hours, the nature and value of the services provided by AM Technology, the extent to which AM Technology provides patent or other license to AM Online in its provision of technology support and service and the correlation between AM Online’s results of operations and the technology support and service provided by AM Technology. In the event AM Technology finds it necessary to make subsequent adjustment to the amount of fees, AM Online shall negotiate in good faith with AM Technology to determine the new fee. The technology support and service agreements are effective for ten years and such term is automatically renewed upon its expiry unless either party informs the other party of its intention of no extension at least twenty days prior to the expiration of the agreements.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Technology development agreement: </i></b>VIEs exclusively engaged AM Technology to provide technology development services. AM Technology owns the intellectual property rights developed in the performance of these agreements. Except for AM Online, the VIEs pay to AM Technology annual service fees in the amount that guarantee that the VIEs can achieve, after deducting such service fees payable to AM Technology, a net cost-plus rate of no less than 0.5% in the case of AirMedia Shengshi, and Jiaming Advertising, which final rate should be determined by AM Technology. It is at AM Technology’s sole discretion that the rate and amount of fees ultimately charged the VIEs under these agreements are determined. The “net cost-plus rate” refers to the operating profit as a percentage of total costs and expenses of a certain entity. The technology development fees for each given year payable by AM Online to AM Technology under AM Online’s technology development agreement shall be determined by AM Online and AM Technology at the first month of such year taking into account several factors. Those factors include the credential of the team of AM Technology that provides services to AM Online, the number of service hours, the nature and value of the services provided by AM Technology, the extent to which AM Technology provides patent or other license to AM Online in its provision of technology development service and the correlation between AM Online’s results of operations and the technology development service provided by AM Technology. In the event AM Technology finds it necessary to make subsequent adjustment to the amount of fees, AM Online shall negotiate in good faith with AM Technology to determine the new fee. The technology development agreements are effective for ten years and such terms is automatically renewed upon its expiry unless either party informs the other party of its intention of no extension at least twenty days prior to the expiration of the agreements.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: -18pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Exclusive Technology Consultation and Service Agreement</i></b>: AM online exclusively engages AM Technology to provide consultation services in relation to management, training, marketing and promotion. AM Online agrees to pay to AM Technology the amount of annual service fees as determined by AM Technology. In the event AM Technology finds it necessary to make subsequent adjustment to the amount of fees, AM Online shall negotiate in good faith with AM Technology to determine the new fees. The exclusive technology consultation and service agreement remains effective for ten years and such term may be reviewed by AM Technology’s written confirmation prior to the expiration of the agreement term.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Call option agreement:</i></b> Under the call option agreements between AM Technology and the shareholders of AirMedia Shengshi, AM Yuehang and Jiaming Advertising, the shareholders of those VIEs irrevocably granted AM Technology or its designated third party an exclusive option to purchase from the VIEs’ shareholders, to the extent permitted under PRC law, all the equity interests in the VIEs, as the case may be, for the minimum amount of consideration permitted by the applicable law without any other conditions. Under the call option agreements between AM Technology and the shareholders of AM Online, the shareholders of AM Online irrevocably granted AM Technology or its designated third party an exclusive option to purchase from the shareholders of AM Online, to the extent permitted under PRC law, all the equity interests in AM Online, as the case may be. To the extent the applicable PRC law does not require the valuation of the subject equity interests and does not otherwise restrict the purchase price for such equity interests, such purchase price shall equal the amount of actual payment made by the respective shareholders of AM Online with respect to the equity interests whether in the form or share capital injection or secondary purchase price. If and where the applicable PRC law requires the valuation of the subject equity interests or otherwise has restrictions on the purchase price for such equity interests, such purchase price shall equal the minimum amount of consideration permitted by the applicable law. In addition, under these agreements (except for the call option agreements between AM Technology and the shareholders of AM Online), AM Technology has undertaken to act as guarantor of VIEs in all operations-related contracts, agreements and transactions and commit to provide loans to support the business development needs of VIEs or if the VIEs suffer operating difficulties, provided that the relevant VIE’s shareholders satisfy the terms and conditions in the call option agreements. Under PRC laws, to provide an effective guarantee, a guarantor needs to execute a specific written agreement with the beneficiary of the guarantee. As AM Technology has not entered into any written guarantee agreements with any third party beneficiaries to guarantee the VIEs’ performance obligations to these third parties, none of these third parties can demand performance from AM Technology as a guarantor of the VIEs’ performance obligations. The absence of a written guarantee agreement, however, does not affect our conclusion that we are the primary beneficiary of the VIEs and in turn should consolidate the financials of the VIEs. The term of each call option agreement is ten years and such terms can be renewed upon expiration at AM Technology’s sole discretion.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Equity pledge agreement:</i></b> Under the equity pledge agreements between AM Technology and the shareholders of our VIEs other than AM Online, the shareholders of those VIEs pledged all of their equity interests, including the right to receive declared dividends, in those VIEs to AM Technology to guarantee those VIEs’ performance of their obligations under the technology support and service agreement and the technology development agreement. Under the equity pledge agreements between AM Technology and the shareholders of AM Online, the shareholders of AM Online pledged all of their equity interests, including the right to receive declared dividends, in AM Online to AM Technology to guarantee the performance by AM Online of its obligations under its call option agreement and its exclusive technology consultation and service agreement. If the VIEs fail to perform their obligations set forth in the applicable agreements, AM Technology shall be entitled to exercise all the remedies and powers set forth in the provisions of the applicable equity pledge agreements. Those agreements remain effective for as long as the technology support and service agreements and technology development agreement are effective, or, in the case of AM Online, until two years after the term of the obligations under the call option agreement and exclusive technology consultation and service agreement.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 72px"> </td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Authorization letter:</i></b> Each shareholder of the VIEs has executed an authorization letter to authorize AM Technology to exercise certain of its rights, including voting rights, the rights to enter into legal documents and the rights to transfer any or all of its equity interest in the VIEs. The authorization letters by the shareholders of our VIEs other than AM Online will remain effective during the operating periods of the respective VIEs. Such authorization is effective for ten years and such term is renewed upon its expiry at AM Technology’s sole discretion. The authorization letters by the shareholders of AM Online will remain effective for as long as the respective parties remain shareholders of AM Online unless terminated earlier by AM Technology or the call option agreement with respect to AM Online is terminated prior to its expiration.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">Through the above contractual arrangements, AM Technology has obtained 100% of shareholders’ voting interest in the VIEs, has the right to receive all dividends declared and paid by the VIEs and may receive substantially all of the net income of the VIEs through the technical support and service fees as determined by AM Technology at its sole discretion. Accordingly, we have consolidated the VIEs because we believe, through the contractual arrangements, (1) AM Technology could direct the activities of the VIEs that most significantly affect its economic performance and (2) AM Technology could receive substantially all of the benefits that could be potentially significant to the VIEs. Other than the contractual arrangements described above, because the management and certain employees of AM Technology also serve in the VIEs as management or employees, certain operating costs paid by AM Technology, such as payroll costs and office rental, were re-charged to the VIEs.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">AM Technology also entered into loan agreements with each shareholder of AM Online, pursuant to which AM Technology permits to make loans in an aggregate amount of RMB 40 million to the shareholders of AM Online solely for the incorporation and capitalization of AM Online. The loan is interest free and the term of the loan is ten years and shall be automatically renewed on an annual basis unless AM Technology objects. AM Technology can require the shareholders to repay all or a portion of the loan before the maturity date with a 15 days prior written notice. Under such circumstances, AM Technology is entitled to, or designate a third party to, buy all or a portion of the shareholders’ equity interests in AM Online on a pro rata basis based on the amount of the repaid principal of the loan.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The Group believes that the VIE arrangements are in compliance with PRC law and are legally enforceable. The shareholders of the VIEs are also shareholders of the Group and therefore have no current interest in seeking to act contrary to the contractual arrangements. However, uncertainties in the PRC legal system could limit the Group’s ability to enforce these contractual arrangements and if the shareholders of the VIEs were to reduce their interest in the Group, their interests may diverge from that of the Group and that may potentially increase the risk that they would seek to act contrary to the contractual terms, for example by influencing the VIEs not to pay the service fees when required to do so.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The Group’s ability to control the VIEs also depends on the authorization letters that AM Technology has to vote on all matters requiring shareholder approval in the VIEs. As noted above, the Group believes the rights granted by the authorization letters is legally enforceable but may not be as effective as direct equity ownership.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">In addition, if the legal structure and contractual arrangements were found to be in violation of any existing PRC laws and regulations, the PRC government could:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">revoke the business and operating licenses of the Group’s PRC subsidiaries and affiliates;</font></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">discontinue or restricting the Group’s PRC subsidiaries’ and affiliates’ operations;</font></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">impose conditions or requirements with which the Group or its PRC subsidiaries and affiliates may not be able to comply; or</font></td></tr> </table> <p style="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">require the Group or its PRC subsidiaries and affiliates to restructure the relevant ownership structure or operations;</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The imposition of any of these penalties may result in a material and adverse effect on the Group’s ability to conduct the Group’s business. In addition, if the imposition of any of these penalties causes the Group to lose the rights to direct the activities of the VIEs and its subsidiaries or the right to receive their economic benefits, the Group would no longer be able to consolidate the VIEs. The Group does not believe that any penalties imposed or actions taken by the PRC Government would result in the liquidation of the Group, AM Technology, or the VIEs.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">Certain shareholders of VIEs are also beneficial owners or directors of the Company. In addition, certain beneficial owners and directors of the Company are also directors or officers of VIEs. Their interests as beneficial owners of VIEs may differ from the interests of the Company as a whole. The Company cannot be certain that if conflicts of interest arise, these parties will act in the best interests of the Company or that conflicts of interests will be resolved in the Company’s favor. Currently, the Company does not have existing arrangements to address potential conflicts of interest these parties may encounter in their capacity as beneficial owners of VIEs, on the one hand, and as beneficial owners of the Company, on the other hand. The Company believes the shareholders of VIEs will not act contrary to any of the contractual arrangements and the exclusive purchase right contract provides the Company with a mechanism to remove them as shareholders of VIEs should they act to the detriment of the Company. If any conflict of interest or dispute between the Company and the shareholders of VIEs arises and the Company is unable to resolve it, the Company would have to rely on legal proceedings in the PRC. Such legal proceedings could result in disruption of its business; moreover, there is substantial uncertainty as to the ultimate outcome of any such legal proceedings.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The following financial statement information for AirMedia’s VIEs were included in the accompanying consolidated financial statements, presented net of intercompany eliminations, as of and for the years ended December 31:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current assets</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">63,730</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">316,268</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total non-current assets</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">94,811</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">190,684</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">158,541</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">506,952</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,702</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">101,197</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total non-current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,387</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,536</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">42,089</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">127,733</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 57%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenues</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">90,523</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">74,689</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,237</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(31,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(47,119</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(60,117</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash used in operating activities from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(16,001</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(17,353</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(26,388</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash (used in) provided by investing activities from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(58,804</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">) </font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(22,607</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">) </font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,166</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash provided by financing activities from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">60,390</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28,785</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">325</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The VIEs contributed an aggregate of 99.2%, 100.0% and 98.0% of the consolidated net revenues for the years ended December 31, 2013, 2014 and 2015, respectively. As of December 31, 2014 and 2015, the VIEs accounted for an aggregate of 40.1% and 95.4%, respectively, of the consolidated total assets, and 33.2% and 95.3%, respectively, of the consolidated total liabilities. The assets not associated with the VIEs primarily consist of cash and cash equivalent, short-term investments, property and equipment and long-term investments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">There are no consolidated VIEs’ assets that are collateral for the VIEs’ obligations and can only be used to settle the VIEs’ obligations. There are no creditors (or beneficial interest holders) of the VIEs that have recourse to the general credit of the Company or any of its consolidated subsidiaries. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests, which require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs ever need financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholder of the VIEs or entrustment loans to the VIEs.</p>
</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
<us-gaap:ScheduleOfVariableInterestEntitiesTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 88%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Date of</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation/</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">of legal</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">acquisition</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">ownership</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Intermediate Holding Company:</b></font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; width: 49%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Broad Cosmos Enterprises Ltd.</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 16%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 26, 2006</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 21%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">British Virgin Islands (“BVI”)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia International Limited (“AM International”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">July 14, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">BVI</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia (China) Limited (“AM China”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">August 5, 2005</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Subsidiaries:</b></font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Technology (Beijing) Co., Ltd. (“AM Technology”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">September 19, 2005</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shenzhen AirMedia Information Technology Co., Ltd. (“Shenzhen AM”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 6, 2006</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Xi’an AirMedia Chuangyi Technology Co., Ltd. (“Xi’an AM”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">December 31, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>VIEs:</b></font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Shengshi Advertising Co., Ltd.</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Formerly Beijing Shengshi Lianhe Advertising Co., Ltd.)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(“AirMedia Shengshi”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">August 7, 2005</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jiaming Advertising Co., Ltd.</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Formerly Beijing AirMedia UC Advertising Co., Ltd.)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(“Jiaming Advertising”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">January 1, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Yuehang Digital Media Advertising Co., Ltd. (“AM Yuehang”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">January 16, 2008</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Online Network Technology Co., Ltd. (“AM Online”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 30, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">  </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 88%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Date of</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation/</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">of legal</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">acquisition</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">incorporation</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">ownership</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr> <td style="vertical-align: top; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 49%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>VIEs’ subsidiaries:</b></font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 16%; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 21%; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Film & TV Culture Co., Ltd. (“AM Film”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">September 13, 2007</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Flying Dragon Media Advertising Co., Ltd. (“Flying Dragon”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">August 1, 2008</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wenzhou AirMedia Advertising Co., Ltd. (“AM Wenzhou”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">October 17, 2008</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hainan Jinhui Guangming Media Advertising Co., Ltd. (“Hainan Jinhui”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 23, 2009</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Dongding Gongyi Advertising Co., Ltd. (“Dongding”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">February 1, 2010</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing GreatView Media Advertising Co., Ltd.</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Formerly Beijing Weimei Shengjing Media</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Advertising Co., Ltd.) (“GreatView Media”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 28, 2011</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Meizheng Advertising Co., Ltd. (“Guangzhou Meizheng”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">May 17, 2013</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Tianyi Information Technology Co., Ltd. (“AM Tianyi”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">September 25, 2013</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Xinyu Advertising Co., Ltd.</font><br /> <font style="font: 10pt Times New Roman, Times, Serif">(“Guangzhou Xinyu”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">February 2, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Mobile Network Technology Co., Ltd. (“AM Mobile”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 23, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Meizheng Information Technology Co., Ltd. (“Guangzhou Tech”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">June 18, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia Henglong Mobile Network Technology Co., Ltd. (“AMHL Mobile”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">April 27, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jiaming Film & TV Culture Co., Ltd. (“AM Jiaming”)</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">December 31, 2015</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">the PRC</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">N/A</font></td> <td style="vertical-align: bottom; line-height: 115%"> </td></tr></table>
</us-gaap:ScheduleOfVariableInterestEntitiesTextBlock>
<AMCN:ScheduleOfAmountsRecognizedInIncomeStatementTableTextBlock contextRef="From2015-01-01to2015-12-31_custom_VariableInterestEntityMember">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 57%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenues</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">90,523</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">74,689</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,237</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(31,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(47,119</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(60,117</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash used in operating activities from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(16,001</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(17,353</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(26,388</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash (used in) provided by investing activities from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(58,804</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">) </font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(22,607</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">) </font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,166</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash provided by financing activities from continuing operations</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">60,390</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">28,785</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">325</font></td> <td style="line-height: 115%"> </td></tr> </table>
</AMCN:ScheduleOfAmountsRecognizedInIncomeStatementTableTextBlock>
<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(a)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Basis of presentation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The consolidated financial statements of the Group have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(b)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Basis of consolidation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The consolidated financial statements include the financial statements of the Company, its subsidiaries, its VIEs and its VIEs’ subsidiaries. All inter-company transactions and balances have been eliminated upon consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(c)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Discontinued operations</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><i> </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">A disposal of a component of an entity or a group of components of an entity shall be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations. Classification as a discontinued operation occurs upon disposal or when the operation meets the criteria to be classified as held for sale, if earlier. Where an operation is classified as discontinued, a single amount is presented on the face of the consolidated statements of operations. The amount of total current assets, total non-current assets, total current liabilities and total non-current liabilities are presented separately on the consolidated balance sheets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 64.4pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(d)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Use of estimates</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The preparation of financial statements in conformity with US GAAP requires to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period and accompanying notes, including allowance for doubtful accounts, the useful lives of property and equipment and intangible assets, impairment of long-term investments, impairment of long-lived assets, share-based compensation, provision for earnout commitment and valuation allowance for deferred tax assets. Actual results could differ from those estimates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(e)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Significant risks and uncertainties</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group participates in a dynamic industry and believes that changes in any of the following areas could have a material adverse effect on the Group’s future financial position, results of operations, or cash flows: net losses in the past and futures; the Group’s limited operating history; failure in launching new business; a significant or prolonged economic downturn; contraction in the air travel advertising industry in China; competition from other competitors; regulatory or other PRC related factors; fluctuations in the demand for air travel; past and future acquisitions; failure to maintain an effective system of internal control over financial reporting and effective disclosure controls and procedures; risks associated with the Group’s ability to attract and retain employees necessary to support its growth; risks associated with the Group’s growth strategies; and general risks associated with the advertising industry.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(f)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Fair value</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Authoritative literature provides a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">Level 1</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">Level 2</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">Level 3</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(g)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Fair value of financial instruments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s financial instruments include cash, restricted cash, accounts receivable, notes receivable, short-term investment, amounts due from related parties, assets held for sale, short-term loan, accounts payable, and amounts due to related parties. The Group did not have any other financial assets and liabilities or nonfinancial assets and liabilities that are measured at fair value on recurring basis as of December 31, 2014 and 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s financial assets and liabilities measured at fair value on a non-recurring basis include assets held for sale based on level 1 inputs, certain assets in connection with an equity share exchange transaction based on level 2 inputs and acquired assets and liabilities based on level 3 inputs in connection with business combinations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(h)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Cash and cash equivalents</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Cash and cash equivalents consist of cash on hand and highly liquid deposits which are unrestricted as to withdrawal or use, and which have original maturities of three months or less when purchased.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(i)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Restricted cash</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">Restricted cash represents the bank deposits in escrow accounts as the performance security for certain concession right agreements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(j)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Short-term investment</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Short-term investments comprise marketable debt securities, which are classified as held-to-maturity as the Group has the positive intent and ability to hold the securities to maturity. All of the Group’s held-to-maturity securities are stated at their amortized costs and classified as short-term investments on the consolidated balance sheets based on their contractual maturity dates which are less than one year.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group reviews its short-term investments for other-than-temporary impairment (“OTTI”) based on the specific identification method. The Group considers available quantitative and qualitative evidence in evaluating potential impairment of its short-term investments. If the cost of an investment exceeds the investment’s fair value, the Group considers, among other factors, general market conditions, government economic plans, the duration and the extent to which the fair value of the investment is less than the cost, and the Group’s intent and ability to hold the investment, in determining if impairment is needed. OTTI is recognized as a loss in the income statement. The short-term investments held by the Group as of December 31, 2015 were not in a continuous unrealized loss position.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(k)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Assets held for sale</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 64.4pt; text-indent: 36pt"><i> </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group considers assets to be held for sale when all of the following criteria are met: i) a formal commitment to a plan to sell a property was made and exercised; ii) the property is available for sale in its present condition; iii) actions required to complete the sale of the property have been initiated; iv) sale of the property is probable and the Group expects the completed sale will occur within one year; v) the property is actively being marketed for sale at a price that is reasonable given its current market value; and vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Upon designation as assets held for sale, the Group records each property at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and the Group ceases depreciation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><i> </i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(l)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Property and equipment</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the following estimated useful lives:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 80%; border-collapse: collapse; margin-left: 1in"> <tr style="vertical-align: top"> <td style="width: 40%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Digital display network equipment</font></td> <td style="width: 1%; text-align: right; line-height: 115%"> </td> <td style="width: 60%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gas station display network equipment</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture and fixture</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer and office equipment</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3-5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Vehicle</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Software</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shorter of the term of the lease</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">or the estimated useful lives of the assets</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(m)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Long-term investments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><i>Equity method investments</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Investee companies over which the Group has the ability to exercise significant influence, but does not have a controlling interest are accounted for using the equity method. Significant influence is generally considered to exist when the Group has an ownership interest in the voting stock of the investee between 20% and 50%, and other factors, such as representation on the investee’s Board of Directors, voting rights and the impact of commercial arrangements, are considered in determining whether the equity method of accounting is appropriate.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 64.4pt; text-indent: 7.6pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 64.4pt; text-indent: 7.6pt"><i>Cost method investments</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">For investments in an investee over which the Group does not have significant influence, the Group carries the investment at cost and recognizes income as any dividends declared from distribution of investee’s earnings. The Group reviews the cost method investments for impairment whenever events or changes in circumstances indicate that the carrying value may no longer be recoverable. An impairment loss is recognized in earnings equal to the difference between the investment’s carrying amount and its fair value at the balance sheet date of the reporting period for which the assessment is made. The fair value of the investment would then become the new cost basis of the investment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(n)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Acquired intangible assets</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Acquired intangible assets with definite lives are carried at cost less accumulated amortization. Customer relationships intangible assets are amortized using the estimated attrition pattern of the acquired customers. Amortization of other definite-lived intangible assets is computed using the straight-line method over the following estimated economic lives:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 80%; border-collapse: collapse; margin-left: 1in"> <tr style="vertical-align: top"> <td style="width: 81%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Audio-vision programming & broadcasting qualification</font></td> <td style="width: 19%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19.5 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Customer relationships</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3-3.4 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Contract backlog</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.2-3 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Concession agreements</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3.8-10 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-compete agreements</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4.4 years</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(o)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Revenue recognition</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s revenues are derived from selling advertising time slots on the Group’s advertising networks. For the years ended December 31, 2013, 2014 and 2015, the advertising revenues were generated from air travel media network, gas station media network and other media.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group typically signs standard contracts with its advertising customers, who require the Group to run the advertiser’s advertisements on the Group’s network in specified locations for a period of time. The Group recognizes advertising revenues ratably over the performance period for which the advertisements are displayed, so long as collection of the fees remains probable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group also wholesales the advertising platforms such as scrolling light boxes and billboards in the gas stations located in some major cities, with the exception of Beijing, Shanghai and Shenzhen, to advertising agents, and signs fixed fee contracts with the agents for a specified period. The revenue is recognized on a straight-line basis over the specified period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Deferred revenue</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Prepayments from customers for advertising service are deferred and recognized as revenue when the advertising services are rendered.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Nonmonetary exchanges</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group occasionally exchanges advertising time slots and locations with other entities for assets or services, such as equipment and other assets. The amount of assets and revenue recognized is based on the fair value of the advertising provided or the fair value of the transferred assets, whichever is more readily determinable. The amounts of revenues recognized for nonmonetary transactions were $102, $209 and $473 for the years ended December 31, 2013, 2014 and 2015, respectively. No direct costs are attributable to the revenues.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(p)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Value Added Tax (“VAT”)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Company’s PRC subsidiaries are subject to value-added taxes at a rate of 6% on revenues from advertising services and paid after deducting input VAT on purchases. The net VAT balance between input VAT and output VAT is reflected in the account as input VAT receivable or other taxes payable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 1.2pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 1.2pt; text-align: justify">In July 2012, the Ministry of Finance and the State Administration of Taxation jointly issued a circular regarding the pilot collection of VAT in lieu of business tax in certain areas and industries in the PRC, including Beijing, Jiangsu, Anhui, Fujian, Guangdong, Tianjin, Zhejiang, and Hubei between September and December 2012. Also a circular issued in May 2013 provided that such VAT pilot program is rolled out nationwide since August 2013. Since then, certain subsidiaries and VIEs became subject to VAT at the rates of 6% or 3%, on certain service revenues which were previously subject to business tax. For the years ended December 31, 2013, 2014 and 2015, gross revenue is presented net of $5,854, $3,610 and $2,647 of VAT, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 1.2pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(q)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Business tax and other sale related taxes</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s PRC subsidiaries and VIEs are subject to business tax and other sale related taxes at the rate of 8.5% on revenues other than those subject to VAT after deduction of certain costs of revenues permitted by the PRC tax laws.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(r)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Concession fees</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group enters concession right agreements with vendors such as airports, airlines, railway bureaus and a petroleum company, under which the Group obtains the right to use the spaces or equipment of the vendors to display the advertisements. The concession right agreements are treated as operating lease arrangements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Fees under concession right agreements are usually due every three, six or twelve months. Payments made are recorded as current assets and current liabilities according to the respective payment terms. Most of the concession fees with airports, airlines and railway bureaus are fixed with escalation, which means a fixed increase over each year of the agreements. The total concession fee under the concession right agreements with airports and airlines is charged to the consolidated statements of operations on a straight-line basis over the agreement periods, which is generally between three and five years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The fee structure of the concession right agreement with the petroleum company is based on the actual number of developed gas stations and associated standard annual concession fee for each developed gas station. Each gas station has its specific lease term starting from the time when it is actually put into operation. The calculation of rental payments is based on how many months the gas stations are actually put into operation during the year and the standard annual concession fee determined based on the location of the gas station. Accordingly, each gas station is treated as a separate lease and rental payments are recognized on a straight-line basis over its lease term. The amount of annual concession fee to-be-paid is determined by an actual incurred concession fee or a fixed minimum payment, if any, based on negotiation with the petroleum company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(s)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Agency fees</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group pays fees to advertising agencies based on a certain percentage of revenues made through the advertising agencies upon receipt of payment from advertisers. The agency fees are charged to cost of revenues in the consolidated statements of operations ratably over the period in which the advertising is displayed. Prepaid and accrued agency fees are recorded as current assets and current liabilities according to relative timing of payments made and advertising service provided. From time to time, the Group and certain advertising agencies may renegotiate and mutually agree, as permitted by applicable laws, to reduce existing agency fee liabilities as calculated under the terms of existing contracts. Such reductions in the accrued agency fees are recorded as a reduction in cost of sales in the period the renegotiations are finalized. During the years ended December 31, 2013, 2014 and 2015, reversals in cost of sales as a result of renegotiated agency fees amounted to $1,066, $70 and $403 respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(t)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Operating leases</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating lease. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(u)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Advertising costs</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt; text-align: justify"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group expenses advertising costs as incurred. Total advertising expenses were $469, $1,785 and $350 for the years ended December 31, 2013, 2014 and 2015, respectively, and have been included as part of selling and marketing expenses.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(v)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Foreign currency translation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The functional and reporting currency of the Company and the Company’s subsidiaries domiciled in BVI and Hong Kong are the United States dollar (“U.S. dollar”). The financial records of the Company’s other subsidiaries, VIEs and VIEs’ subsidiaries located in the PRC are maintained in their local currency, the Renminbi (“RMB”), which are the functional currency of these entities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the statements of operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s entities with functional currency of RMB translate their operating results and financial position into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Retained earnings and equity are translated using the historical rate. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(w)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Income taxes</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws and regulations applicable to the Group as enacted by the relevant tax authorities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than not to be sustained upon audit by the relevant tax authorities. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Additionally, the Group classifies the interest and penalties, if any, as a component of the income tax position.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(x)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Share-based payments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Share-based payment transactions with employees are measured based on the grant date fair value of the equity instrument issued, and recognized as compensation expenses over the requisite service periods based on a straight-line method, with a corresponding impact reflected in additional paid-in capital.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Share-based payment transactions with non-employees are measured based on the fair value of the options as of each reporting date through the measurement date, with a corresponding impact reflected in additional paid-in capital.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(y)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Comprehensive (loss) income</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Comprehensive (loss) income includes net (loss) income and foreign currency translation adjustments and is presented net of tax. The tax effect is nil for the three years ended December 31, 2015 in the consolidated statements of comprehensive (loss) income.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(z)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Allowance of doubtful accounts</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group conducts credit evaluations of clients and generally does not require collateral or other security from clients. The Group establishes an allowance for doubtful accounts based upon estimates, historical experience and other factors surrounding the credit risk of specific clients and utilizes both specific identification and a general reserve to calculate allowance for doubtful accounts. The amount of receivables ultimately not collected by the Group has generally been consistent with expectations and the allowance established for doubtful accounts. If the frequency and amount of customer defaults change due to the clients’ financial condition or general economic conditions, the allowance for uncollectible accounts may require adjustment. As a result, the Group continuously monitors outstanding receivables and adjusts allowances for accounts where collection may be in doubt.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(aa)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Concentration of credit risk</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and accounts receivable. The Group places their cash with financial institutions with high-credit rating and quality in China.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">Customers accounting for 10% or more of total revenues are:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Customer</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 63%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">A</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21.0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">There is no customer accounting for 10% or more of total accounts receivables as of December 31, 2014 and 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(bb)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Net (loss) income per share</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Basic net (loss) income per share are computed by dividing net (loss) income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the year. Diluted net (loss) income reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares. Potential common shares in the diluted net loss per share computation are excluded in periods of losses from continuing operations, as their effect would be anti-dilutive.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(cc)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Government subsidies</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group primarily receives tax refund and development supporting bonus from tax bureau and local government without any condition or restriction. The government subsidies are recorded in other income on the consolidated statements of operations in the period in which the amounts of such subsidies are received. The recognized government subsidies as other income are $755, $491 and $513 for the years ended December 31, 2013, 2014 and 2015, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"><i> </i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(dd)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Recent issued accounting standards</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Recent accounting pronouncements adopted</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”) 2014-08 which amends to change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This disclosure will provide users with information about the ongoing trends in a reporting organization’s results from continuing operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Group early adopted this ASU in January 2015. The effects of the pronouncement have been reflected in the consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Recent accounting pronouncements not yet adopted</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The guidance requires an entity to evaluate whether there are conditions or events, in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued and to provide related footnote disclosures in certain circumstances. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have a significant impact on the Group’s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">On August 12, 2015, the FASB issued a new pronouncement, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendments in this ASU defer the effective date of ASU 2014-09 for all entities by one year. Public business entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Group is in the process of evaluating the impacts of adoption of this guidance on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">On September 25, 2015, the FASB issued ASU 2015-16 to simplify the accounting for measurement-period adjustments. The ASU, which is part of the FASB’s simplification initiative (i.e., the Board’s effort to reduce the cost and complexity of certain aspects of U.S. GAAP), was issued in response to stakeholder feedback that restatements of prior periods to reflect adjustments made to provisional amounts recognized in a business combination increase the cost and complexity of financial reporting but do not significantly improve the usefulness of the information. Under the ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The ASU also requires acquirers to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Under this ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The ASU also requires acquirers to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">For public business entities, the ASU is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The ASU must be applied prospectively to adjustments to provisional amounts that occur after the effective date. Early adoption is permitted for financial statements that have not been issued. The Group does not expect the adoption of this guidance will have a significant effect on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In November 2015, the FASB issued ASU 2015-17, Income Taxes-Balance Sheet Classification of Deferred Taxes. The amendments in this update simplify the presentation of deferred income taxes. ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in ASU 2015-17 are effective for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The Group is in the process of evaluating the impact of adoption of this guidance on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">On February 25, 2016, the FASB issued ASU 2016-02 Leases. The core principle of this ASU will require lessees to present right-of-use assets and lease liabilities on their balance sheets. ASU 2016-02 is effective for annual and interim periods beginning January 1, 2019. Early adoption of this ASU is permitted. Upon adoption of this ASU, the Group is required to recognize and measure leases at the beginning of the earliest period presented in the consolidated financial statements using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that the Group may elect to apply. The Group is currently evaluating and assessing the impact of adoption of this ASU on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In March 2016, the FASB issued ASU 2016-08, which amends the principal-versus-agent implementation guidance and illustrations in the Board’s new revenue standard (ASC 606). The amendments in this update clarify the implementation guidance on principal versus agent considerations. When another party, along with the reporting entity, is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide that good or service to the customer (as a principal) or to arrange for the good or service to be provided to the customer by the other party (as an agent). The guidance is effective for interim and annual periods beginning after December 15, 2017. The Group is in the process of evaluating the impact of adoption of this guidance on its consolidated financial statements.</p>
</us-gaap:SignificantAccountingPoliciesTextBlock>
<AMCN:SignificantRisksAndUncertaintiesPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(e)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Significant risks and uncertainties</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group participates in a dynamic industry and believes that changes in any of the following areas could have a material adverse effect on the Group’s future financial position, results of operations, or cash flows: net losses in the past and futures; the Group’s limited operating history; failure in launching new business; a significant or prolonged economic downturn; contraction in the air travel advertising industry in China; competition from other competitors; regulatory or other PRC related factors; fluctuations in the demand for air travel; past and future acquisitions; failure to maintain an effective system of internal control over financial reporting and effective disclosure controls and procedures; risks associated with the Group’s ability to attract and retain employees necessary to support its growth; risks associated with the Group’s growth strategies; and general risks associated with the advertising industry.</p>
</AMCN:SignificantRisksAndUncertaintiesPolicyTextBlock>
<AMCN:ShortTermInvestmentsPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(j)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Short-term investment</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Short-term investments comprise marketable debt securities, which are classified as held-to-maturity as the Group has the positive intent and ability to hold the securities to maturity. All of the Group’s held-to-maturity securities are stated at their amortized costs and classified as short-term investments on the consolidated balance sheets based on their contractual maturity dates which are less than one year.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group reviews its short-term investments for other-than-temporary impairment (“OTTI”) based on the specific identification method. The Group considers available quantitative and qualitative evidence in evaluating potential impairment of its short-term investments. If the cost of an investment exceeds the investment’s fair value, the Group considers, among other factors, general market conditions, government economic plans, the duration and the extent to which the fair value of the investment is less than the cost, and the Group’s intent and ability to hold the investment, in determining if impairment is needed. OTTI is recognized as a loss in the income statement. The short-term investments held by the Group as of December 31, 2015 were not in a continuous unrealized loss position.</p>
</AMCN:ShortTermInvestmentsPolicyTextBlock>
<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(o)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Revenue recognition</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s revenues are derived from selling advertising time slots on the Group’s advertising networks. For the years ended December 31, 2013, 2014 and 2015, the advertising revenues were generated from air travel media network, gas station media network and other media.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group typically signs standard contracts with its advertising customers, who require the Group to run the advertiser’s advertisements on the Group’s network in specified locations for a period of time. The Group recognizes advertising revenues ratably over the performance period for which the advertisements are displayed, so long as collection of the fees remains probable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group also wholesales the advertising platforms such as scrolling light boxes and billboards in the gas stations located in some major cities, with the exception of Beijing, Shanghai and Shenzhen, to advertising agents, and signs fixed fee contracts with the agents for a specified period. The revenue is recognized on a straight-line basis over the specified period.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Deferred revenue</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Prepayments from customers for advertising service are deferred and recognized as revenue when the advertising services are rendered.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Nonmonetary exchanges</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group occasionally exchanges advertising time slots and locations with other entities for assets or services, such as equipment and other assets. The amount of assets and revenue recognized is based on the fair value of the advertising provided or the fair value of the transferred assets, whichever is more readily determinable. The amounts of revenues recognized for nonmonetary transactions were $102, $209 and $473 for the years ended December 31, 2013, 2014 and 2015, respectively. No direct costs are attributable to the revenues.</p>
</us-gaap:RevenueRecognitionPolicyTextBlock>
<AMCN:ValueAddedTaxPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(p)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Value Added Tax (“VAT”)</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Company’s PRC subsidiaries are subject to value-added taxes at a rate of 6% on revenues from advertising services and paid after deducting input VAT on purchases. The net VAT balance between input VAT and output VAT is reflected in the account as input VAT receivable or other taxes payable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 1.2pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 1.2pt; text-align: justify">In July 2012, the Ministry of Finance and the State Administration of Taxation jointly issued a circular regarding the pilot collection of VAT in lieu of business tax in certain areas and industries in the PRC, including Beijing, Jiangsu, Anhui, Fujian, Guangdong, Tianjin, Zhejiang, and Hubei between September and December 2012. Also a circular issued in May 2013 provided that such VAT pilot program is rolled out nationwide since August 2013. Since then, certain subsidiaries and VIEs became subject to VAT at the rates of 6% or 3%, on certain service revenues which were previously subject to business tax. For the years ended December 31, 2013, 2014 and 2015, gross revenue is presented net of $5,854, $3,610 and $2,647 of VAT, respectively.</p>
</AMCN:ValueAddedTaxPolicyTextBlock>
<AMCN:BusinessTaxAndOtherSaleRelatedTaxesPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(q)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Business tax and other sale related taxes</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s PRC subsidiaries and VIEs are subject to business tax and other sale related taxes at the rate of 8.5% on revenues other than those subject to VAT after deduction of certain costs of revenues permitted by the PRC tax laws.</p>
</AMCN:BusinessTaxAndOtherSaleRelatedTaxesPolicyTextBlock>
<us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(v)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Foreign currency translation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The functional and reporting currency of the Company and the Company’s subsidiaries domiciled in BVI and Hong Kong are the United States dollar (“U.S. dollar”). The financial records of the Company’s other subsidiaries, VIEs and VIEs’ subsidiaries located in the PRC are maintained in their local currency, the Renminbi (“RMB”), which are the functional currency of these entities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at the rates of exchange ruling at the balance sheet date. Transactions in currencies other than the functional currency during the year are converted into functional currency at the applicable rates of exchange prevailing when the transactions occurred. Transaction gains and losses are recognized in the statements of operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The Group’s entities with functional currency of RMB translate their operating results and financial position into the U.S. dollar, the Company’s reporting currency. Assets and liabilities are translated using the exchange rates in effect on the balance sheet date. Revenues, expenses, gains and losses are translated using the average rate for the year. Retained earnings and equity are translated using the historical rate. Translation adjustments are reported as cumulative translation adjustments and are shown as a separate component of other comprehensive income.</p>
</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
<us-gaap:ConcentrationRiskCreditRisk contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(aa)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Concentration of credit risk</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and accounts receivable. The Group places their cash with financial institutions with high-credit rating and quality in China.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">Customers accounting for 10% or more of total revenues are:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 1in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Customer</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 63%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">A</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21.0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">There is no customer accounting for 10% or more of total accounts receivables as of December 31, 2014 and 2015.</p>
</us-gaap:ConcentrationRiskCreditRisk>
<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><tr style="vertical-align: top"><td style="width: 48px; line-height: 115%"></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(dd)</i></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Recent issued accounting standards</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Recent accounting pronouncements adopted</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updates (“ASU”) 2014-08 which amends to change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This disclosure will provide users with information about the ongoing trends in a reporting organization’s results from continuing operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Group early adopted this ASU in January 2015. The effects of the pronouncement have been reflected in the consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt"><u>Recent accounting pronouncements not yet adopted</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The guidance requires an entity to evaluate whether there are conditions or events, in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued and to provide related footnote disclosures in certain circumstances. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have a significant impact on the Group’s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">On August 12, 2015, the FASB issued a new pronouncement, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendments in this ASU defer the effective date of ASU 2014-09 for all entities by one year. Public business entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Group is in the process of evaluating the impacts of adoption of this guidance on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">On September 25, 2015, the FASB issued ASU 2015-16 to simplify the accounting for measurement-period adjustments. The ASU, which is part of the FASB’s simplification initiative (i.e., the Board’s effort to reduce the cost and complexity of certain aspects of U.S. GAAP), was issued in response to stakeholder feedback that restatements of prior periods to reflect adjustments made to provisional amounts recognized in a business combination increase the cost and complexity of financial reporting but do not significantly improve the usefulness of the information. Under the ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The ASU also requires acquirers to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">Under this ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The ASU also requires acquirers to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">For public business entities, the ASU is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The ASU must be applied prospectively to adjustments to provisional amounts that occur after the effective date. Early adoption is permitted for financial statements that have not been issued. The Group does not expect the adoption of this guidance will have a significant effect on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In November 2015, the FASB issued ASU 2015-17, Income Taxes-Balance Sheet Classification of Deferred Taxes. The amendments in this update simplify the presentation of deferred income taxes. ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in ASU 2015-17 are effective for fiscal years beginning after December 15, 2016 including interim periods within those fiscal years. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The Group is in the process of evaluating the impact of adoption of this guidance on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">On February 25, 2016, the FASB issued ASU 2016-02 Leases. The core principle of this ASU will require lessees to present right-of-use assets and lease liabilities on their balance sheets. ASU 2016-02 is effective for annual and interim periods beginning January 1, 2019. Early adoption of this ASU is permitted. Upon adoption of this ASU, the Group is required to recognize and measure leases at the beginning of the earliest period presented in the consolidated financial statements using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that the Group may elect to apply. The Group is currently evaluating and assessing the impact of adoption of this ASU on its consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In March 2016, the FASB issued ASU 2016-08, which amends the principal-versus-agent implementation guidance and illustrations in the Board’s new revenue standard (ASC 606). The amendments in this update clarify the implementation guidance on principal versus agent considerations. When another party, along with the reporting entity, is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide that good or service to the customer (as a principal) or to arrange for the good or service to be provided to the customer by the other party (as an agent). The guidance is effective for interim and annual periods beginning after December 15, 2017. The Group is in the process of evaluating the impact of adoption of this guidance on its consolidated financial statements.</p>
</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
<us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Customer</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 63%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">A</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21.0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> </table>
</us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock>
<us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>3.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>DISCONTINUED OPERATION</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The disposal of Target Business described in Note 1 was completed in December 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">According to the Equity Interest Transfer Agreement, the Buyers may require the Company to repurchase the equity interest of AM Advertising upon the occurrence of certain events. As these events are considered improbable, no fair value was allocated to the associated put option (see Note 29).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The Equity Interest Transfer Agreement also contains an earnout structure, in the event that the net profit (before or after adjustment for non-recurring gains and losses, whichever is less) of restructured AM Advertising in each of the fiscal years of 2015, 2016, 2017, and 2018 (collectively, the “Covered Period”) is less than the profit target of RMB1.0592 billion (the “Profit Target”) (being RMB200 million, RMB240 million, RMB288 million and RMB331.2 million, equivalent to $30,875, $37,050, $44,459 and $51,128, for the fiscal years of 2015, 2016, 2017, and 2018 respectively), other shareholders of AM Advertising, excluding the Buyers, will be obligated to compensate the Buyers for the deficiency by transferring their equity interest in AM Advertising to the Buyers for nil consideration and/or by cash, based on a pre-determined formula with such compensations in aggregate being subject to a cap equal to the amount of the consideration. The earnout commitment was recorded at fair value and amounted to $25,240 as of December 31, 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The disposal represents a strategic shift and has a major effect on the Group’s results of operations. The disposed entities are accounted as discontinued operations in the consolidated financial statements for the years ended December 31, 2013, 2014 and 2015. A gain of $244,164 was recognized on the disposal, which is determined based on the total consideration of $324,183, the fair value of the remaining 25% equity interest in AM Advertising of $79,718 that continues to be held by the Group, the net book value of the Target Business of $134,497 and the fair value of the earnout commitment of $25,240. Upon the Group’s disposal of its 75% interest in AM Advertising, the Group continues to hold 25% of the equity of AM Advertising, which is accounted for as an equity method investment. The Group’s share of earnings for the fiscal year ended December 31, 2015 amounted to $2,491 and was recorded within the (loss) income on equity method investments within the Consolidated Statements of Operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">The financial results of the disposed business lines are set out below. Based on the Group’s management accounts, the assets, liabilities as of December 31, 2014, the revenue and expenses for the years ended December 31, 2013 and 2014 have been reclassified as discontinued operations to retrospectively reflect the changes.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> <b><i> </i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><b><i>Carrying amounts of assets disposed</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><b><i> </i></b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 87%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,320</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Restricted cash</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,172</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">61,459</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,911</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid concession fees</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,023</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid expenses and other current assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,315</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,355</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax asset - current</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,101</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Assets held for sale</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">777</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Current assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">122,433</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,948</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Acquired intangible assets, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">286</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Long-term investment</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,087</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets - non-current</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,681</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Long term deposit</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,789</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Non-current assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,791</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">156,224</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><b><i>Carrying amounts of liabilities disposed</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 87%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">55,129</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,635</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">555</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred revenue</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,519</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amounts due to related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">790</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Current liabilities of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72,628</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax liabilities - non-current</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Non-current assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total liabilities of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72,700</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 61%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenues</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">181,013</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">177,788</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">166,843</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cost of revenues</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(146,932</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(139,227</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(126,745</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gross profit</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">34,081</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">38,561</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,098</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(21,486</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(17,868</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(13,239</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income from operations</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,595</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20,693</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,859</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gain from disposal of 75% equity interest in AM Advertising</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">244,164</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Interest income</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,437</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">282</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">298</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other income, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,127</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,235</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,293</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income on equity method investments</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">265</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income before income tax</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,159</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,230</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">272,879</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income taxes benefit/(expense)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,176</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,942</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(51,696</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">) </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income from discontinued operations attributable to owners of the Company</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,335</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20,288</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">221,183</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">As of December 31, 2014 the following balances were due from / to related parties:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><b><i>Amounts due from related parties:</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"><b> </b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font><br /> <font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jiacheng Advertising Co., Ltd. (“Jiacheng Advertising”) (1)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 35%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangxi Dingyuan Media Ltd. (“Guangxi Dingyuan”) (2)</font></td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">387</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jiaming (3)</font></td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,627</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dingsheng Ruizhi (Beijing) Investment Consulting Co., Ltd. (“Dingsheng Ruizhi”) (4)</font></td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,355</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from Jiacheng Advertising represents the uncollected concession fee of digital TV screens on airlines as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from Guangxi Dingyuan represents the amount of a deposit on concession fee receivable from Guangxi Dingyuan as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from AM Jiaming includes a short-term loan to AM Jiaming amounted to $1,612 and related interest receivable of $15 as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amount due from Dingsheng Ruizhi represents the unreceived consideration of $322 for selling 20% of equity interests in AM Film.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: 0.5in"><i> </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Amounts due to related parties:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font><br /> <font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 34%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Qingdao Airport AirMedia Advertising Co., Ltd (“Qingdao AM”) (5)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 51%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">790</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in">  </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amount due to Qingdao AM represents the capital contribution commitment of $790 to Qingdao AM as of December 31, 2014, which was paid in January 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">Details of related party transactions for the years ended December 31, 2013, 2014 and 2015 were as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Concession cost purchased from:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangxi Dingyuan (6)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">233</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,107</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Qingdao AM (7)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,230</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">233</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,337</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Loan to a related party:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jiaming (8)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,612</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,612</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Equity transaction with a related party:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Dayun Culture Communication Co., Ltd. ("Dayun Culture") (9)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,605</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dingsheng Ruizhi (10)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,605</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Group purchased stand-alone digital frames, LED and lightbox concession in Nanning airport from Guangxi Dingyuan amounting to $233 and $1,107 for the years ended December 31, 2014 and 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Group purchased stand-alone digital frames concession in Qingdao airport from Qingdao AM amounting to $1,230 for the year ended December 31, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In May 2014 and June 2014, the Group provided two loans to AM Jiaming, with amount of $806 and $806, respectively, at an annual interest rate equal to the bank lending rate over the same period, i.e. 6% for 2014. The loans will be due five days after the issuance of a written notice from the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In November 2015, AM Advertising purchased 20% equity interest in Beijing AirMedia Lianhe Advertising Co., Ltd. (“AirMedia Lianhe”) from Dayun Culture with consideration of $8,605. After the transaction, AM Advertising held 100% equity interest in AirMedia Lianhe.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In June 2014, AM Advertising sold 20% equity interests in AM Film, a wholly-owned subsidiary, to Dingsheng Ruizhi with consideration of $322.</font></td></tr> </table>
</us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock>
<us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><b><i></i></b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 87%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,320</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Restricted cash</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,172</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">61,459</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Notes receivable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,911</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid concession fees</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,023</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Prepaid expenses and other current assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,315</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amounts due from related parties</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,355</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax asset - current</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,101</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Assets held for sale</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">777</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Current assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">122,433</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,948</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Acquired intangible assets, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">286</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Long-term investment</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,087</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets - non-current</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,681</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Long term deposit</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,789</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Non-current assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,791</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">156,224</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><b><i>Carrying amounts of liabilities disposed</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 87%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">55,129</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,635</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax payable</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">555</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred revenue</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,519</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amounts due to related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">790</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Current liabilities of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72,628</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax liabilities - non-current</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Non-current assets of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total liabilities of discontinued operations</b></font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">72,700</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the years ended December 31,</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2013</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2014</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 61%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net revenues</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">181,013</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">177,788</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">166,843</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cost of revenues</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(146,932</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(139,227</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(126,745</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gross profit</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">34,081</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">38,561</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,098</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(21,486</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(17,868</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(13,239</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income from operations</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">12,595</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20,693</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">26,859</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Gain from disposal of 75% equity interest in AM Advertising</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">244,164</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Interest income</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,437</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">282</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">298</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other income, net</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,127</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,235</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,293</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income on equity method investments</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">265</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income before income tax</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,159</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,230</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">272,879</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income taxes benefit/(expense)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,176</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,942</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(51,696</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">) </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income from discontinued operations attributable to owners of the Company</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,335</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20,288</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">221,183</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">As of December 31, 2014 the following balances were due from / to related parties:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><b><i>Amounts due from related parties:</i></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"><b> </b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font><br /> <font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jiacheng Advertising Co., Ltd. (“Jiacheng Advertising”) (1)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 35%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangxi Dingyuan Media Ltd. (“Guangxi Dingyuan”) (2)</font></td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">387</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jiaming (3)</font></td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,627</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dingsheng Ruizhi (Beijing) Investment Consulting Co., Ltd. (“Dingsheng Ruizhi”) (4)</font></td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,355</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from Jiacheng Advertising represents the uncollected concession fee of digital TV screens on airlines as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from Guangxi Dingyuan represents the amount of a deposit on concession fee receivable from Guangxi Dingyuan as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from AM Jiaming includes a short-term loan to AM Jiaming amounted to $1,612 and related interest receivable of $15 as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amount due from Dingsheng Ruizhi represents the unreceived consideration of $322 for selling 20% of equity interests in AM Film.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify; text-indent: 0.5in"><i> </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Amounts due to related parties:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font><br /> <font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 34%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Qingdao Airport AirMedia Advertising Co., Ltd (“Qingdao AM”) (5)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 51%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">790</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in">  </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The amount due to Qingdao AM represents the capital contribution commitment of $790 to Qingdao AM as of December 31, 2014, which was paid in January 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in">  </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">Details of related party transactions for the years ended December 31, 2013, 2014 and 2015 were as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Concession cost purchased from:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangxi Dingyuan (6)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">233</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,107</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Qingdao AM (7)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,230</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">233</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,337</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><b> </b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Loan to a related party:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jiaming (8)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,612</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,612</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><i>Equity transaction with a related party:</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 36pt"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Dayun Culture Communication Co., Ltd. ("Dayun Culture") (9)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,605</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dingsheng Ruizhi (10)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,605</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Group purchased stand-alone digital frames, LED and lightbox concession in Nanning airport from Guangxi Dingyuan amounting to $233 and $1,107 for the years ended December 31, 2014 and 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Group purchased stand-alone digital frames concession in Qingdao airport from Qingdao AM amounting to $1,230 for the year ended December 31, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In May 2014 and June 2014, the Group provided two loans to AM Jiaming, with amount of $806 and $806, respectively, at an annual interest rate equal to the bank lending rate over the same period, i.e. 6% for 2014. The loans will be due five days after the issuance of a written notice from the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In November 2015, AM Advertising purchased 20% equity interest in Beijing AirMedia Lianhe Advertising Co., Ltd. (“AirMedia Lianhe”) from Dayun Culture with consideration of $8,605. After the transaction, AM Advertising held 100% equity interest in AirMedia Lianhe.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In June 2014, AM Advertising sold 20% equity interests in AM Film, a wholly-owned subsidiary, to Dingsheng Ruizhi with consideration of $322.</font></td></tr></table>
</us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock>
<us-gaap:InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>6.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>LONG-TERM INVESTMENTS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>(a)</i></b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Equity method investments</i></b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt">The Group had the following equity method investments:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="14" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of company</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Equity method investments</i></b></font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Eastern Media Corporation Ltd. (“BEMC”) (1)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,545</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,363</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Zhejiang AirMedia Guangying Film Production Co., Ltd. (“AM Guangying”) (2)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">38</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,219</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">47.6</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,081</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jiaming (3)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Jiacheng Advertising (4)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">30</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Hezhong Chuangjin Investment Co., Ltd. (“Hezhong Chuangjin”) (5)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,144</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lanmeihangbiao Tiandi Internet Investment Management (Beijing) Co., Ltd. (“LMHB”) (6)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">456</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (7)</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">82,177</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,764</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">89,221</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In March 2008, the Group entered into a definitive agreement with China Eastern Media Corporation, Ltd., a subsidiary of China Eastern Group and China Eastern Airlines Corporation Limited operating the media resources of China Eastern Group, to establish a joint venture, BEMC. BEMC was incorporated on March 18, 2008 in the PRC with China Eastern Media Corporation and the Group holding 51% and 49% equity interest, respectively. BEMC obtained concession rights of certain media resources from China Eastern Group, including the digital TV screens on airplanes of China Eastern Airlines, and paid concession fees to its shareholders as consideration. The total paid-in capital of BEMC was $2,119, which was contributed by both parties proportionately. In September 2013 and December 2014, BEMC distributed dividend of $1,401 and $495, respectively, in which $686 and $242, respectively were distributed and paid to the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 107.8pt">The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of BEMC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In December 2013, the Group entered into an agreement with Zhejiang Tianguang Diying Production Co., Ltd. to establish AM Guangying. AM Guangying was incorporated on December 25, 2013 with total contributed capital of $1,871, of which 52% and 48% of that amount was contributed by Zhejiang Tianguang Diying Production Co., Ltd. and the Group, respectively. In March 2014, the Group participated a capital call at $1,629 without any change of its equity interest. As a result, the total contributed capital by the Group was $2,520 as of December 31, 2014 and 2015. AM Guangying is mainly engaged in film production.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 107.4pt; text-indent: -1.1pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 0.5pt">The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of AM Guangying.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 0.5pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, the Group sold 51% equity interests in AM Jiaming to a third party, accordingly, AM Jiaming was changed from a wholly-owned subsidiary to a 49% equity method investee of the Group as of December 31, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2015, the Group acquired 51% equity interest from AM Jiaming’s controlling shareholder with consideration of nil. Accordingly, AM Jiaming was a wholly-owned subsidiary of the Group as of December 31, 2015.</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -42.55pt">  </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In December 2014, the Group entered into an agreement with Beijing East Culture Media Co., Ltd. (“East Jiacheng”) to establish Jiacheng Advertising. Jiacheng Advertising was registered on December 12, 2014 with total committed capital contribution of $4,849. The Group and East Jiacheng each committed to contribute $1,455 and $3,394, respectively, representing 30% and 70% of the equity interest of Jiaming Advertising. As of December 31, 2014, the Group did not pay any capital into Jiacheng Advertising. The capital contribution shall be paid within 50 years as is permitted under current PRC laws. Jiacheng Advertising mainly operates digital TV media resources.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -42.55pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-align: justify">In August 2015, the Group transferred all of its 30% equity interest in Jiacheng Advertising to AM Jinsheng (See Note 10), for consideration of $252.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In May 2015, AM Advertising, Beijing Financial Technology Investment Management Center (limited partnership), Beijing Hongdeshengzheng Investment Co., Ltd., and Beijing Hongyuan Zhixin Enterprise Management Consulting Co. Ltd. established Hezhong Chuangjin, which mainly focuses on internet financing. The total subscribed capital contribution was $16,200 and AM Advertising owns 15% shares with $2,430 committed investment. For the year ended December 31, 2015, $2,316 capital was paid by the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"> </td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In July 2015, AM Advertising transferred its investment in Hezhong Chuangjin to AM Online, a subsidiary of the Group at a consideration of $2,316, which was equal to the total investment cost and thus no gain or loss was incurred.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"> </td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">As the Group has one representative in the Board of Directors (three members in total) of Hezhong Chuangjin, and has significant influence over it, equity method is adopted in accounting for this investment.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In September 2015, AM Online entered into an agreement with BlueFocus wireless Internet (Beijing) Investment Management Co., Ltd. and two individual investors to establish a joint venture, LMHB. LMHB was incorporated on September 25, 2015 with total subscribed capital contribution of $1,544, of which 40% was contributed by AM Online. LMHB is mainly engaged in investment management of Wi-Fi platform marketing and other mobile internet industries.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On June 15, 2015, AirMedia entered into a definitive equity interest transfer agreement with Longde Wenchuang to sell 75% equity interest of AM Advertising for a cash consideration of $324,183 as disclosed in Note 1. The transaction was completed on December 7, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-align: justify">After the disposal, the Group holds 25% equity interest in AM Advertising and the Group has two representatives on the Board of Directors of AM Advertising (five members in total). The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence over the operation of AM Advertising.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 78pt; text-align: justify">The summarized financial information of the equity method investees were as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 78pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 75%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current assets</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,642</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">277,634</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,646</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">319,797</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,353</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">135,190</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,166</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">135,342</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 78pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 63%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net revenues</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,056</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,486</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,866</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total gross profits</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,280</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">567</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,341</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net income</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">659</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">164</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,136</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 78pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>(b)</i></b></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Cost method investment</i></b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify">In June 2010, the Group invested $367 for 20% equity interest in Zhangshangtong Air Service (Beijing) Co., Ltd. (“Zhangshangtong”), a company established in the PRC that is mainly engaged in air tickets agency services.</p>
</us-gaap:InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock>
<us-gaap:EquityMethodInvestmentsTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"><tr style="vertical-align: bottom"><td nowrap="nowrap" style="line-height: 115%"></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="14" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of company</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Equity method investments</i></b></font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 9%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Eastern Media Corporation Ltd. (“BEMC”) (1)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,545</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,363</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Zhejiang AirMedia Guangying Film Production Co., Ltd. (“AM Guangying”) (2)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">38</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,219</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">47.6</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,081</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jiaming (3)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Jiacheng Advertising (4)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">30</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Hezhong Chuangjin Investment Co., Ltd. (“Hezhong Chuangjin”) (5)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,144</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lanmeihangbiao Tiandi Internet Investment Management (Beijing) Co., Ltd. (“LMHB”) (6)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">456</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (7)</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">82,177</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,764</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">89,221</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In March 2008, the Group entered into a definitive agreement with China Eastern Media Corporation, Ltd., a subsidiary of China Eastern Group and China Eastern Airlines Corporation Limited operating the media resources of China Eastern Group, to establish a joint venture, BEMC. BEMC was incorporated on March 18, 2008 in the PRC with China Eastern Media Corporation and the Group holding 51% and 49% equity interest, respectively. BEMC obtained concession rights of certain media resources from China Eastern Group, including the digital TV screens on airplanes of China Eastern Airlines, and paid concession fees to its shareholders as consideration. The total paid-in capital of BEMC was $2,119, which was contributed by both parties proportionately. In September 2013 and December 2014, BEMC distributed dividend of $1,401 and $495, respectively, in which $686 and $242, respectively were distributed and paid to the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 107.8pt">The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of BEMC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In December 2013, the Group entered into an agreement with Zhejiang Tianguang Diying Production Co., Ltd. to establish AM Guangying. AM Guangying was incorporated on December 25, 2013 with total contributed capital of $1,871, of which 52% and 48% of that amount was contributed by Zhejiang Tianguang Diying Production Co., Ltd. and the Group, respectively. In March 2014, the Group participated a capital call at $1,629 without any change of its equity interest. As a result, the total contributed capital by the Group was $2,520 as of December 31, 2014 and 2015. AM Guangying is mainly engaged in film production.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 107.4pt; text-indent: -1.1pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 0.5pt">The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of AM Guangying.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 0.5pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, the Group sold 51% equity interests in AM Jiaming to a third party, accordingly, AM Jiaming was changed from a wholly-owned subsidiary to a 49% equity method investee of the Group as of December 31, 2014.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2015, the Group acquired 51% equity interest from AM Jiaming’s controlling shareholder with consideration of nil. Accordingly, AM Jiaming was a wholly-owned subsidiary of the Group as of December 31, 2015.</p></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -42.55pt">  </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In December 2014, the Group entered into an agreement with Beijing East Culture Media Co., Ltd. (“East Jiacheng”) to establish Jiacheng Advertising. Jiacheng Advertising was registered on December 12, 2014 with total committed capital contribution of $4,849. The Group and East Jiacheng each committed to contribute $1,455 and $3,394, respectively, representing 30% and 70% of the equity interest of Jiaming Advertising. As of December 31, 2014, the Group did not pay any capital into Jiacheng Advertising. The capital contribution shall be paid within 50 years as is permitted under current PRC laws. Jiacheng Advertising mainly operates digital TV media resources.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -42.55pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-align: justify">In August 2015, the Group transferred all of its 30% equity interest in Jiacheng Advertising to AM Jinsheng (See Note 10), for consideration of $252.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 108pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In May 2015, AM Advertising, Beijing Financial Technology Investment Management Center (limited partnership), Beijing Hongdeshengzheng Investment Co., Ltd., and Beijing Hongyuan Zhixin Enterprise Management Consulting Co. Ltd. established Hezhong Chuangjin, which mainly focuses on internet financing. The total subscribed capital contribution was $16,200 and AM Advertising owns 15% shares with $2,430 committed investment. For the year ended December 31, 2015, $2,316 capital was paid by the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"> </td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In July 2015, AM Advertising transferred its investment in Hezhong Chuangjin to AM Online, a subsidiary of the Group at a consideration of $2,316, which was equal to the total investment cost and thus no gain or loss was incurred.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"> </td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">As the Group has one representative in the Board of Directors (three members in total) of Hezhong Chuangjin, and has significant influence over it, equity method is adopted in accounting for this investment.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In September 2015, AM Online entered into an agreement with BlueFocus wireless Internet (Beijing) Investment Management Co., Ltd. and two individual investors to establish a joint venture, LMHB. LMHB was incorporated on September 25, 2015 with total subscribed capital contribution of $1,544, of which 40% was contributed by AM Online. LMHB is mainly engaged in investment management of Wi-Fi platform marketing and other mobile internet industries.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.35pt; text-indent: -35.45pt"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"> </td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On June 15, 2015, AirMedia entered into a definitive equity interest transfer agreement with Longde Wenchuang to sell 75% equity interest of AM Advertising for a cash consideration of $324,183 as disclosed in Note 1. The transaction was completed on December 7, 2015.</font></td></tr></table>
</us-gaap:EquityMethodInvestmentsTextBlock>
<us-gaap:ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"><tr style="vertical-align: bottom"><td nowrap="nowrap" style="line-height: 115%"></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 75%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current assets</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,642</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">277,634</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total assets</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,646</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">319,797</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current liabilities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,353</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">135,190</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,166</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">135,342</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 78pt; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 63%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net revenues</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,056</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">11,486</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,866</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total gross profits</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,280</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">567</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,341</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total net income</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">659</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">164</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,136</font></td> <td style="line-height: 115%"> </td></tr></table>
</us-gaap:ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock>
<AMCN:PrepaidEquipmentCostTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>15.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>PREPAID EQUIPMENT COST</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">On May 12, 2013, the Group entered into an agreement with Elec-Tech International Co., Ltd. (“Elec-Tech”) to exchange the equity interests of GreatView Media, one of the VIEs’ subsidiaries, with LED screens from Elec-Tech, pursuant to which Elec-Tech would invest $104,000 in total (equivalent to RMB640 million) to purchase approximately 21.27% of the equity interest of GreatView Media. In exchange, GreatView Media undertook to exclusively use the equal amounts of such injections to purchase LED screens from Elec-Tech or its subsidiaries. The Group considered this transaction a nonmonetary transaction. The Group measured the fair value of equity interests surrendered based on the fair value of LED screens received, which is more clearly determinable. The details of fair value measurement are disclosed in Note 20. The Group would not recognize any gain or loss from this transaction.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify">Elec-Tech had injected a total of $68,458 (RMB420 million) into GreatView Media during the year ended December 31, 2014. The Group purchased 1,200 sets of LED screens in total from Elec-Tech, amounting to $55,416 net of VAT for its gas station media business as of December 31, 2015. As of December 31, 2015, the Group has installed and accepted 600 sets of LED screens amounting to $27,708.</p>
</AMCN:PrepaidEquipmentCostTextBlock>
<us-gaap:DebtDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>17.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>SHORT-TERM LOAN</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">In January 2014, the Group entered into a short-term loan agreement with Bank of Ping’An for a loan of $1,800 from January 8, 2014 to January 7, 2015 with an annual interest rate of 2.89%.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: 36pt"> </p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify">In March 2014, the Group entered into a short-term loan agreement with Bank of Ping’An for another loan of $1,200 from March 31, 2014 to March 30, 2015 with an annual interest rate of 2.86%. The interest expenses for the loans were $77 for the year ended December 31, 2014. As of March 31, 2015, both of the loans and interest expense were fully repaid.</p>
</us-gaap:DebtDisclosureTextBlock>
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>18.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>INCOME TAXES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia is a tax-exempted company incorporated in the Cayman Islands.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Broad Cosmos and Excel Lead are tax-exempted company incorporated in the British Virgin Islands.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">AM China and Glorious Star did not have any assessable profits arising in or derived from Hong Kong for the years ended December 31, 2013, 2014 and 2015, and accordingly no provision for Hong Kong Profits Tax was made in these years.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Group’s subsidiaries in the PRC are all subject to PRC Enterprise Income Tax (“EIT”) on the taxable income in accordance with the relevant PRC income tax laws and regulations. The EIT rate for the Group’s operating in PRC was 25% with the following exceptions.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">AM Technology qualified for the High and New-Tech Enterprise (“HNTE”) status that would allow for a reduced 15% tax rate under EIT Law since year 2006. AM Technology was subject to an EIT rate of 15% in 2013, 2014 and 2015, and is expected to be subject to an EIT rate of 15% as long as it maintains its status as a HNTE.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Shenzhen AM is subject to EIT on the taxable income at the gradual rate, which is 24% in 2011, and 25% in 2012 and thereafter, according to transitional rules of the new EIT Law. Since Shenzhen AM is also qualified as a “manufacturing foreign-invested enterprise” incorporated prior to the effectiveness of the new EIT Law, it is further entitled to the EIT rate of 12.5% for the year 2012. For the year 2013 and thereafter, it is subject to an EIT rate of 25%.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Xi’an AM qualified as a “Software Enterprise” in August 2008 by Technology Information Bureau of Shaanxi province, and therefore is entitled to a two-year exemption from the EIT commencing from its first profitable year and a 50% deduction of 25% EIT rate for the succeeding three years, with approval by the relevant tax authorities. As Xi’an AM first made profit in 2009, it was exempted from EIT in 2009 and 2010, and enjoyed the preferential income tax rate of 12.5% from 2011 to 2013. In 2014, Xi’an AM qualified as HNTE and entitled to an EIT rate of 15% for the years 2014 and 2015, and is expected to be subject to an EIT rate of 15% as long as it maintains its status as a HNTE.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><font style="font: 10pt Times New Roman, Times, Serif">Income tax (expenses) /benefits are as follows:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax (expenses)/benefits:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 46%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,088</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(988</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(480</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,625</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,500</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,941</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">537</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,512</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,421</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><font style="font: 10pt Times New Roman, Times, Serif">The principal components of the Group’s deferred income tax assets and liabilities are as follows:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Allowance for doubtful accounts</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,347</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">899</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued payroll</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">390</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Employee education fee excess</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Valuation allowance</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,253</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(864</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets - current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">484</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">41</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Depreciation of property and equipment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">245</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">127</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amortization of intangible assets and concession fees</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,821</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,274</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net operating loss carry forwards</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,842</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,404</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Valuation allowance</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,657</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(13,322</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets - non-current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,483</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total deferred tax assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10,735</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,524</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax liabilities:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-current</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Acquired intangible assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">130</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">91</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total deferred tax liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">130</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">91</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The valuation allowance provided as of December 31, 2015 relates to the deferred tax assets generated by AM Technology, Jiaming Advertising, AM Yuehang, AM Film, AM Wenzhou, Hainan Jinhui, Dongding, GreatView Media, Guangzhou Meizheng, and AM Tianyi was recognized based on the Group’s estimates of the future taxable income of these entities, because the Group believes that either it is more likely than not that the deferred tax assets for these entities will not be realized as it does not expect to generate sufficient taxable income in future, or the amount involved is not significant. The Group’s subsidiaries in the PRC had total net operating loss carry forwards of $15,404 as of December 31, 2015. The net operating loss carry forwards for the PRC subsidiaries will expire on various dates through year 2020.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Reconciliation between the provision for income taxes computed by applying the PRC EIT rate of 25% to income before income taxes and the actual provision of income taxes is as follows:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss before provision for income taxes</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(30,323</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(53,414</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(74,202</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">PRC statutory tax rate</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax at statutory tax rate</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,581</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(13,354</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(18,551</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expenses not deductible for tax purposes:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 18pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Entertainment expenses exceeded the tax limit</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">271</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">217</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">300</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 18pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Tax effect of tax losses not recognized</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">346</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 18pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Tax effect of other permanent differences</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">88</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">360</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">330</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Changes in valuation allowance</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">526</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,748</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,276</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of preferential tax rates granted to PRC entities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,379</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,912</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,404</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of income tax rate difference in other jurisdictions</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">434</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">595</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">662</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax expenses/ (benefits)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(537</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,512</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,421</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effective tax rates</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8.7</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">If the Group’s subsidiaries, VIEs and VIEs’ subsidiaries in the PRC were not in a tax holiday period in the years ended December 31, 2013, 2014 and 2015, the impact to net loss per share amounts would be as follows:</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 93%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">decrease in income tax expenses</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,379</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,912</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(14,404</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">decrease in net loss per ordinary share-basic</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.07</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.12</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">decrease in net loss per ordinary share-diluted</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.07</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.11</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Group did not identify significant unrecognized tax benefits for the years ended December 31, 2013, 2014 and 2015. The Group did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2013, 2014 and 2015.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Since the commencement of operations in August 2005, only AM Technology and Shenzhen AM have been subjected to a tax examination by the relevant PRC tax authorities. The Group’s subsidiaries, VIEs and VIEs’ subsidiaries remain subject to tax examinations at the tax authority’s discretion.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Uncertainties exist with respect to how the current income tax law in the PRC applies to the Group’s overall operations, and more specifically, with regard to tax residency status. New EIT Law includes a provision specifying that legal entities organized outside of China will be considered residents for Chinese income tax purposes if the place of effective management or control is within China. The Implementation Rules to the new EIT Law provide that non-resident legal entities will be considered China residents if substantial and overall management and control over the manufacturing and business operations, personnel, accounting, properties, etc., occurs within China. Additional guidance is expected to be released by the Chinese government in the near future that may clarify how to apply this standard to tax payers. Despite the present uncertainties resulting from the limited PRC tax guidance on the issue, the Group does not believe that its legal entities organized outside of China should be treated as residents for new EIT Law purposes. If the PRC tax authorities subsequently determine that the Company and its subsidiaries registered outside the PRC should be deemed resident enterprises, the Company and its subsidiaries registered outside the PRC will be subject to the PRC income tax at a rate of 25%.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Under applicable accounting principles, a deferred tax liability should be recorded for taxable temporary differences attributable to the excess of financial report over tax basis, including those differences attributable to a more than 50% interest in a subsidiary. However, the Company’s subsidiaries located in the PRC were in a loss position and had accumulated deficit as of December 31, 2013 and 2014, and the tax basis for the investment was greater than the carrying value of this investment. A deferred tax asset should be recognized for this temporary difference only if it is apparent that the temporary difference will reverse in the foreseeable future. Absent of evidence of a reversal in the foreseeable future, no deferred tax asset for such temporary difference was recorded. As of December 31, 2015, the Company’s subsidiaries located in the PRC were in a profit position and had accumulated profit. The Company did not record any tax on any of the undistributed earnings because the relevant subsidiaries do not intend to declare dividends and the Company intends to permanently reinvest it within the PRC. Additionally, no deferred tax liability was recorded for taxable temporary differences attributable to the undistributed earnings of VIEs because the Company believes the undistributed earnings can be distributed in a manner that would not be subject to income tax.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Aggregate undistributed earnings of the Company’s subsidiaries located in the PRC that are available for distribution to the Company are considered to be indefinitely reinvested and accordingly, no provision has been made for the Chinese dividend withholding taxes that would be payable upon the distribution of those amounts to the Company. The Chinese tax authorities have also clarified that distributions made out of pre January 1, 2008 retained earnings will not be subject to the withholding tax.</font></p>
</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"> </td> <td nowrap="nowrap" style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 55%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss before provision for income taxes</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(30,323</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(53,414</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(74,202</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">PRC statutory tax rate</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax at statutory tax rate</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,581</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(13,354</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(18,551</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Expenses not deductible for tax purposes:</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 18pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Entertainment expenses exceeded the tax limit</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">271</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">217</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">300</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 18pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Tax effect of tax losses not recognized</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">346</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 18pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Tax effect of other permanent differences</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">88</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">360</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">330</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Changes in valuation allowance</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">526</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,748</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9,276</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of preferential tax rates granted to PRC entities</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,379</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,912</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,404</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of income tax rate difference in other jurisdictions</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">434</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">595</font></td> <td style="line-height: 115%"> </td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">662</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax expenses/ (benefits)</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(537</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,512</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,421</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effective tax rates</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2.8</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="padding-left: 7.2pt; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8.7</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)%</font></td></tr> </table>
</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>28.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>RELATED PARTY TRANSACTIONS</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">(a)</font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Details of outstanding balances with the Group’s related parties as of December 31, 2014 and 2015 were as follows:</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Amount due from related parties:</i></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dayun Culture (1)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 30%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">796</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">233</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Advertising Co., Ltd.  (“AM Jinshi”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,182</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Lianhe Advertising Co., Ltd.  (“AirMedia Lianhe”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">615</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia City (Beijing) Outdoor Advertising Co., Ltd. (“AM Outdoor”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">360</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jinshi Advertising Co., Ltd.  (“TianJin Jinshi”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">362</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">BEMC (3)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">157</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">953</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,752</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from Dayun Culture represent the unreceived consideration of $796 and $233 for selling 20% of equity interests in AirMedia Lianhe as of December 31, 2014 and 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 110.5pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from AM Jinshi, AirMedia Lianhe, AM Outdoor and TianJin Jinshi represents the amount of concession using fees receivable as of December 31, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 110.5pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from BEMC represent the uncollected advertising revenues earned from BEMC as of December 31, 2014.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 110.5pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(b)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Details of outstanding balances with the Group’s related parties as of December 31, 2014 and 2015 were as follows:</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Amount due to related parties:</i></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirTV United (1)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 30%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">296</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,093</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">15,389</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due to AirTV United raised from the restructuring before the disposal as disclosed in Note 3.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due to AM Advertising mainly represent the concession fee payables for using concessions owned by AM Advertising, unpaid loans incurred before the disposal and related interests due to AM Advertising as of December 31, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 110.5pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Details of related party transactions for the years ended December 31, 2013, 2014 and 2015 were as follows:</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Revenues earned from:</i></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 25%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">BEMC</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 38%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">681</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jinshi (1)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">278</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (1)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">681</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">280</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Concession cost purchased from:</i></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 25%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jinshi (1)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 38%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (1)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">142</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">144</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> <b> </b></font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(c)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Details of related party transactions occurred, for the years ended December 31, 2013, 2014 and 2015 were as follows - continued:</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><i>Equity transaction with related parties:</i></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 28%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 35%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dayun Culture (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,766</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,766</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Entities in continuing operations sold some concession in certain airports to discontinued operation. Also continuing operations purchased some concession in certain airports from discontinued operation after the disposal.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 106.9pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif">  </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In August 2014, the Group sold 20% equity interest in AirMedia Lianhe, a wholly-owned subsidiary, to Dayun Culture, with a consideration of $2,766.</font></td></tr> </table>
</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
<us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"></font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.36in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dayun Culture (1)</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 30%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">796</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">233</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Advertising Co., Ltd.  (“AM Jinshi”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,182</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Lianhe Advertising Co., Ltd.  (“AirMedia Lianhe”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">615</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AirMedia City (Beijing) Outdoor Advertising Co., Ltd. (“AM Outdoor”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">360</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing AirMedia Jinshi Advertising Co., Ltd.  (“TianJin Jinshi”) (2)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">362</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">BEMC (3)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">157</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">953</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,752</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from Dayun Culture represent the unreceived consideration of $796 and $233 for selling 20% of equity interests in AirMedia Lianhe as of December 31, 2014 and 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 110.5pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from AM Jinshi, AirMedia Lianhe, AM Outdoor and TianJin Jinshi represents the amount of concession using fees receivable as of December 31, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 110.5pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 96px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3)</font></td> <td style="line-height: 115%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The amounts due from BEMC represent the uncollected advertising revenues earned from BEMC as of December 31, 2014.</font></td></tr> </table>
</us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock>
<AMCN:ScheduleOfConcessionCostPurchaseTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr> <td nowrap="nowrap" style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td nowrap="nowrap" style="vertical-align: top; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="vertical-align: bottom; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 25%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">BEMC</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 38%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">681</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; width: 9%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Jinshi (1)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wholly-owned subsidiary of equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">278</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">AM Advertising (1)</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity method investee</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: white"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">681</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="vertical-align: bottom; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">280</font></td> <td style="vertical-align: bottom; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table>
</AMCN:ScheduleOfConcessionCostPurchaseTableTextBlock>
<AMCN:ScheduleOfEquityTransactionsWithRelatedPartyTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of related parties</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Relationship</font></td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 30%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Beijing Dayun Culture Communication Co., Ltd. ("Dayun Culture") (9)</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 24%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,605</font></td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Dingsheng Ruizhi (10)</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Invested by management of the Group</font></td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">322</font></td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,605</font></td> <td style="line-height: 115%"> </td></tr> </table> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 9pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Group purchased stand-alone digital frames, LED and lightbox concession in Nanning airport from Guangxi Dingyuan amounting to $233 and $1,107 for the years ended December 31, 2014 and 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Group purchased stand-alone digital frames concession in Qingdao airport from Qingdao AM amounting to $1,230 for the year ended December 31, 2015.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In May 2014 and June 2014, the Group provided two loans to AM Jiaming, with amount of $806 and $806, respectively, at an annual interest rate equal to the bank lending rate over the same period, i.e. 6% for 2014. The loans will be due five days after the issuance of a written notice from the Group.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In November 2015, AM Advertising purchased 20% equity interest in Beijing AirMedia Lianhe Advertising Co., Ltd. (“AirMedia Lianhe”) from Dayun Culture with consideration of $8,605. After the transaction, AM Advertising held 100% equity interest in AirMedia Lianhe.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify; text-indent: 36pt"> </p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 48px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10)</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">In June 2014, AM Advertising sold 20% equity interests in AM Film, a wholly-owned subsidiary, to Dingsheng Ruizhi with consideration of $322.</font></td></tr></table>
</AMCN:ScheduleOfEquityTransactionsWithRelatedPartyTableTextBlock>
<us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock contextRef="From2015-01-01to2015-12-31">
<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>AIRMEDIA GROUP INC.</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 70.9pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>FINANCIAL INFORMATION OF PARENT COMPANY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>BALANCE SHEETS</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In U.S. dollars in thousands, except share related data or otherwise noted)</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">As of December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Assets</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,029</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">332</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due from subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">178,347</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">179,619</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other current assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">556</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,369</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total current assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">180,932</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">181,320</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Non-current assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment in subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">71,023</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">205,501</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">TOTAL ASSETS</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">251,955</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,821</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Current liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due to subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,135</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other current liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">84</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">253</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,219</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">253</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Equity</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary Shares ($0.001 par value; 900,000,000 shares authorized in 2014 and 2015; 127,662,057 shares and 127,662,057 shares issued as of December 31, 2014 and 2015, respectively; 119,942,413 shares and 124,395,645 shares outstanding as of December 31, 2014 and 2015, respectively)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Additional paid in capital</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">323,167</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">317,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Treasury stock (7,719,644 and 3,266,412 shares as of December 31, 2014 and 2015, respectively)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9,236</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,778</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated deficits</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(99,138</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,876</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated other comprehensive income</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,815</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,928</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total equity</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">248,736</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,568</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">TOTAL LIABILITIES AND EQUITY</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">251,955</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,821</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>AIRMEDIA GROUP INC.</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>FINANCIAL INFORMATION OF PARENT COMPANY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>STATEMENTS OF OPERATIONS</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In U.S. dollars in thousands)</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 55%; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Selling and marketing</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(144</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">General and administrative</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,239</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 9pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,676</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 9pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,070</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total operating expenses</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,239</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,820</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,070</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment (loss) income in subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(8,387</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(23,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">151,717</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income attributable to holders of ordinary shares</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>AIRMEDIA GROUP INC.</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>FINANCIAL INFORMATION OF PARENT COMPANY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In U.S. dollars in thousands)</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 57%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other comprehensive income (loss), net of tax:</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Change in cumulative foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,281</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Comprehensive (loss) income attributable to Parent Company</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,345</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(32,109</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">138,760</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>AIRMEDIA GROUP INC.</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>FINANCIAL INFORMATION OF PARENT COMPANY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>STATEMENTS OF CHANGES IN EQUITY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In U.S. dollars in thousands, except share related data or otherwise noted)</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">other</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Additional</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Treasury</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">deficits)</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">comprehensive</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">paid in capital</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">stock</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">retained earnings</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">income</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">equity</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of January 1, 2013</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 5%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">122,112,485</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 5%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 5%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">278,652</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,035</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(62,817</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">32,948</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">241,876</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares issued for share based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,400</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share repurchase as treasury stock</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,996,750</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,846</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,846</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,281</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,281</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution from non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">39,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">39,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Acquisition of non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,816</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,816</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2013</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,134,135</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">313,912</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9,860</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(73,443</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,229</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">270,966</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares issued for share based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">808,278</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,359</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,359</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution from non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,463</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,463</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Disposal of equity interests of AM Film and AirMedia Lianhe</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,942,413</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">323,167</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9,236</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(99,138</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,815</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">248,736</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares issued for share based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,453,232</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(633</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution from non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">271</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">271</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution to Guangzhou Meizheng</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(459</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(459</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Purchase the non-controlling interest in subsidiary AirMedia Lianhe</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,163</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,163</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">124,395,645</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">317,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,778</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,876</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">22,928</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">386,568</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> <b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>AIRMEDIA GROUP INC.</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>FINANCIAL INFORMATION OF PARENT COMPANY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>STATEMENTS OF CASH FLOWS</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In U.S. dollars in thousands)</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="10" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">For the years ended December 31,</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2013</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2014</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2015</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 57%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM OPERATING ACTIVITIES</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 12%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 11%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Investment loss (income) in subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,387</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">23,875</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(151,717</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,359</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">CHANGES IN WORKING CAPITAL ACCOUNTS</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other current assets</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">444</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(221</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(813</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payable</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%">-<font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued expenses and other current liabilities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(308</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">169</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due to subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,231</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(517</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,135</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount due from subsidiaries</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(41</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,898</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,272</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash provided by (used in) operating activities</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,643</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,391</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,523</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">CASH FLOWS FROM FINANCING ACTIVITIES</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash paid for treasury stock</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,846</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">- </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 16.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Proceeds from exercises of stock options</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 16.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 16.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,826</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net cash (used in) provided by financing activities.</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,826</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net (decrease)/increase in cash</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(182</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(1,697</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash, at beginning of year</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">196</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,029</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash, at end of year</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,029</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">332</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>AIRMEDIA GROUP INC.</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>NOTES TO ADDITIONAL INFORMATION-FINANCIAL STATEMENT SCHEDULE I</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>FINANCIAL INFORMATION OF PARENT COMPANY</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>(In U.S. dollars in thousands)</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"><b> </b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Notes:</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 0px"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>1.</b></font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><b>BASIS FOR PREPARATION</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The condensed financial information of the parent company, AirMedia Group Inc., only has been prepared using the same accounting policies as set out in the Group’s consolidated financial statements except that the parent company has used equity method to account for its investment in its subsidiaries, AM Technology, Shenzhen AM, Xi’an AM, and its VIEs, AirMedia Shengshi, Jiaming Advertising, AM Yuehang and AM Online, and VIEs’ subsidiaries, AM Film, Flying Dragon, AM Wenzhou, Hainan Jinhui, Dongding, GreatView Media, Guangzhou Meizheng, AM Tianyi, Guangzhou Xinyu, Guangzhou Tech, AM Mobile, AMHL Mobile, AM Jiaming, and the eleven-months’ financial information from discontinued operations, AM Advertising and its subsidiaries AM Jinshi, Tianjin Jinshi, AM Outdoor, AirMedia Lianhe, AirTV United and Jiangxi AM.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 0px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><b>2.</b></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>INVESTMENTS IN SUBSIDIARIES AND VARIABLE INTEREST ENTITIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company, its subsidiaries, its VIEs and VIEs’ subsidiaries are included in the consolidated financial statements where the inter-company balances and transactions are eliminated upon consolidation. For the purpose of the Company’s stand-alone financial statements, its investments in subsidiaries, VIEs and VIEs’ subsidiaries are reported using the equity method of accounting. The Company’s share of income and losses from its subsidiaries, VIEs and VIEs’ subsidiaries is reported as earnings from subsidiaries, VIEs and VIEs’ subsidiaries in the accompanying condensed financial information of parent company.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif"> <tr style="vertical-align: top"> <td style="width: 0px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 48px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>3.</b></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>INCOME TAXES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-indent: 36pt"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 36pt"><font style="font: 10pt Times New Roman, Times, Serif">The Company is a tax exempted company incorporated in the Cayman Islands.</font></p>
</us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock>
<AMCN:ScheduleOfCondensedEquityStatementsTableTextBlock contextRef="From2015-01-01to2015-12-31">
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(Accumulated</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">other</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="6" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Additional</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Treasury</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">deficits)</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">comprehensive</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Shares</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Amount</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">paid in capital</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">stock</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">retained earnings</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">income</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td nowrap="nowrap" colspan="2" style="border-bottom: black 1pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">equity</font></td> <td nowrap="nowrap" style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of January 1, 2013</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 5%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">122,112,485</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 5%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 5%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">278,652</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(7,035</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(62,817</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">32,948</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 4%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">241,876</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares issued for share based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">18,400</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">21</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share repurchase as treasury stock</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,996,750</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,846</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(2,846</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,251</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,281</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7,281</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution from non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">39,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">39,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Acquisition of non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,816</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(5,816</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,626</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2013</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,134,135</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">313,912</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9,860</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(73,443</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">40,229</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">270,966</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares issued for share based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">808,278</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">624</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,359</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,359</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution from non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,463</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6,463</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Disposal of equity interests of AM Film and AirMedia Lianhe</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,433</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(25,695</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2014</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">119,942,413</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">323,167</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(9,236</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(99,138</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">33,815</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">248,736</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Ordinary shares issued for share based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,453,232</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,458</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(633</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4,825</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Share-based compensation</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Foreign currency translation adjustment</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(10,887</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net income</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">149,647</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution from non-controlling interests</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">271</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">271</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Capital contribution to Guangzhou Meizheng</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(459</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(459</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Purchase the non-controlling interest in subsidiary AirMedia Lianhe</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,163</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(6,163</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 7.2pt; text-indent: -7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Balance as of December 31, 2015</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">124,395,645</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">128</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">317,414</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(3,778</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,876</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="padding-left: 7.2pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"> </font></td> <td style="border-bottom: black 1pt solid; padding-left: 7.2pt; line-height: 115%; 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<AMCN:ConcessionCostPurchased contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 233000 </AMCN:ConcessionCostPurchased>
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<AMCN:ConcessionCostPurchased contextRef="From2015-01-01to2015-12-31_custom_GuangxiDingyuanMember" unitRef="USD" id="Foot-26-2" decimals="-3"> 1107000 </AMCN:ConcessionCostPurchased>
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<AMCN:ConcessionCostPurchased contextRef="From2015-01-01to2015-12-31_custom_QingdaoAmMember" unitRef="USD" id="Foot-27-2" decimals="-3"> 1230000 </AMCN:ConcessionCostPurchased>
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<us-gaap:PaymentsToFundLongtermLoansToRelatedParties contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 1612000 </us-gaap:PaymentsToFundLongtermLoansToRelatedParties>
<us-gaap:PaymentsToFundLongtermLoansToRelatedParties contextRef="From2013-01-01to2013-12-31" unitRef="USD" xsi:nil="true"/>
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<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 322000 </us-gaap:RelatedPartyTransactionAmountsOfTransaction>
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<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="From2015-01-01to2015-12-31_custom_BeijingEasternMediaCorporationLtdMember" unitRef="USD" id="Foot-29-2" decimals="-3"> 8605000 </us-gaap:RelatedPartyTransactionAmountsOfTransaction>
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<us-gaap:RelatedPartyTransactionAmountsOfTransaction contextRef="From2013-01-01to2013-12-31_custom_DingshengRuizhiMember" unitRef="USD" id="Foot-30-1" xsi:nil="true"/>
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<us-gaap:RepaymentsOfShortTermDebt contextRef="From2016-01-01to2016-01-31_us-gaap_SubsequentEventMember_custom_ThirdPartyLoanTwoMember" unitRef="USD" decimals="-3"> 1698000 </us-gaap:RepaymentsOfShortTermDebt>
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<us-gaap:ProceedsFromSaleOfInterestInCorporateUnit contextRef="From2014-01-01to2014-12-31" unitRef="USD" decimals="-3"> 1958000 </us-gaap:ProceedsFromSaleOfInterestInCorporateUnit>
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<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-01" xml:lang="en-US"> In March 2008, the Group entered into a definitive agreement with China Eastern Media Corporation, Ltd., a subsidiary of China Eastern Group and China Eastern Airlines Corporation Limited operating the media resources of China Eastern Group, to establish a joint venture, BEMC. BEMC was incorporated on March 18, 2008 in the PRC with China Eastern Media Corporation and the Group holding 51% and 49% equity interest, respectively. BEMC obtained concession rights of certain media resources from China Eastern Group, including the digital TV screens on airplanes of China Eastern Airlines, and paid concession fees to its shareholders as consideration. The total paid-in capital of BEMC was $2,119, which was contributed by both parties proportionately. In September 2013 and December 2014, BEMC distributed dividend of $1,401 and $495, respectively, in which $686 and $242, respectively were distributed and paid to the Group. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-02" xml:lang="en-US"> The effect of options was excluded from the computation of diluted loss per share from continuing operations for the years ended December 31, 2013, 2014 and 2015, respectively, as the effect would be anti-dilutive. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-03" xml:lang="en-US"> The amounts due from Dayun Culture represent the unreceived consideration of $796 and $233 for selling 20% of equity interests in AirMedia Lianhe as of December 31, 2014 and 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-04" xml:lang="en-US"> In March 2008, the Group entered into a definitive agreement with China Eastern Media Corporation, Ltd., a subsidiary of China Eastern Group and China Eastern Airlines Corporation Limited operating the media resources of China Eastern Group, to establish a joint venture, BEMC. BEMC was incorporated on March 18, 2008 in the PRC with China Eastern Media Corporation and the Group holding 51% and 49% equity interest, respectively. BEMC obtained concession rights of certain media resources from China Eastern Group, including the digital TV screens on airplanes of China Eastern Airlines, and paid concession fees to its shareholders as consideration. The total paid-in capital of BEMC was $2,119, which was contributed by both parties proportionately. In September 2013 and December 2014, BEMC distributed dividend of $1,401 and $495, respectively, in which $686 and $242, respectively were distributed and paid to the Group. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of BEMC. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-05" xml:lang="en-US"> In December 2013, the Group entered into an agreement with Zhejiang Tianguang Diying Production Co., Ltd. to establish a joint venture, AM Guangying. AM Guangying was incorporated on December 25, 2013 with total contributed capital of $1,871, of which 52% and 48% of that amount was contributed by Zhejiang Tianguang Diying Production Co., Ltd. and the Group, respectively. In March 2014, the Group participated a capital call at $1,629 without any change of its equity interest. As a result, the total contributed capital by the Group was $2,520 as of December 31, 2015. AM Guangying is mainly engaged in film production. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-06" xml:lang="en-US"> On February 15, 2012 and March 13, 2012, the Group and Beijing N-S Digital TV Co., Ltd. ("N-S Digital TV") established two joint ventures, Shibo Movie and Xinghe Union, respectively. The registered capital of Shibo Movie and Xinghe Union was $1,558 each. The Group and N-S Digital TV each contributed $794, representing 50% of the equity interest in each Shibo Movie and Xinghe Union. Shibo Movie is engaged in movie technology development and consulting services, and Xinghe Union is engaged in movie and TV series investment and publishing, advertisement design and production. These joint ventures were established pursuant to a framework agreement entered into with Beijing Super TV Co., Ltd. ("Super TV") in June 2011 and the supplemental agreement entered into with Super TV and N-S Digital TV in January 2012. In September 2013, the Group entered into an equity swap agreement with N-S Digital TV under which the Group exchanged its 50% equity interests in Shibo Movie for the 50% equity interests in Xinghe Union. Pursuant to the agreement, the equity transaction is considered as completed substantially on February 28, 2014. The Group derecognized the equity method investments in both Xinghe Union and Shibo Movie with an investment loss of $164 recognized in the transaction. In August 2015, the Group disposed Xinghe Union to Beijing Hezhongsirui Culture Development Co., Ltd. with nil consideration. The industrial and commercial modification procedures were completed by February 2, 2016, but all the related staff, assets and financial function have been transferred out of the Group since September 1, 2015, from when the Company de-consolidated Xinghe Union. Since net assets was negative on transaction dates, an investment loss of $247 was recorded for the disposal. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-07" xml:lang="en-US"> In December 2014, the Group entered into an agreement with Beijing East Culture Media Co., Ltd. ("East Jiacheng") to establish a joint venture, Jiacheng Advertising. Jiacheng Advertising was registered on December 12, 2014 with total committed capital contribution of $4,849. The Group and East Jiacheng each committed to contribute $1,455 and $3,394, respectively, representing 30% and 70% of the equity interest of Jiaming Advertising. As of December 31, 2014, the Group did not pay any capital into Jiacheng Advertising. The capital contribution shall be paid within 50 years as is permitted under current PRC laws. Jiacheng Advertising mainly operates digital TV media resources. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-08" xml:lang="en-US"> In May 2015, AM Advertising, Beijing Financial Technology Investment Management Center (limited partnership), Beijing Hongdeshengzheng Investment Co., Ltd., and Beijing Hongyuan Zhixin Enterprise Management Consulting Co. Ltd. established a joint venture, Beijing Hezhong Chuangjin Investment Company Limited ("Hezhong Chuangjin"), which mainly focuses on internet financing. The total subscribed capital contribution was $16,200 and AM Advertising owns 15% shares with $2,430 committed investment. For the year ended December 31, 2015, $2,316 capital was paid by the Group. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-09" xml:lang="en-US"> In September 2015, AM Online entered into an agreement with BlueFocus wireless Internet (Beijing) Investment Management Co., Ltd and two individual investors, to establish a joint venture, LMHB. LMHB was incorporated on September 25, 2015 with total subscribed capital contribution of $1,544 of which 40% of that amount was contributed by AM Online. LMHB is mainly engaged in investment management of Wi-Fi platform marketing and other mobile internet industries. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-10" xml:lang="en-US"> On June 15, 2015, AirMedia entered into a definitive equity interest transfer agreement with Longde Wenchuang to sell 75% equity interest of AM Advertising for a cash consideration of $33,410 as disclosed in Note 1. The transaction was completed on December 7, 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-11" xml:lang="en-US"> The amounts due to AirTV United raised from the restructuring before the disposal in Note 1. The amounts represents the intra-company loans to AirTV United as of December 31, 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-12" xml:lang="en-US"> The amounts due to AM Advertising mainly represent the concession fee payables for using concessions owned by AM Advertising and unpaid loans incurred before the disposal and related interests due to AM Advertising as of December 31, 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-13" xml:lang="en-US"> In 2015, the Group prepaid for office space and leasehold improvement fees in total of $6,832. As the office spaces legal title has not been transferred to the Group, the prepaid amounts were recognized as other non-current assets as of December 31, 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-14" xml:lang="en-US"> The Group invests in films and TV series, which are produced by other third parties, and shares profit of the invested films and TV series based on its investment as a percentage of the total investment for a film or TV series. Amounts related to the investments in films and TV series that are expected to receive investment returns within one year after December 31 of each fiscal year are recorded as other current assets. The remaining balance is recorded as other non-current assets. The investments of $6,128 and $5,661 were recorded as other non-current assets for the years ended December 31, 2014 and 2015, respectively. The Group also enters into agreements with other investors to invest together on certain film or TV series, which are produced by third parties, and shares the profit of the invested films and TV series proportionally based on their investments. The Group received the investment from other investors, and recorded it as other non-current liabilities amounted to $1,257 and $1,205 as of December 31, 2014 and 2015 due to the long-term of expected investment returns. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-15" xml:lang="en-US"> The amounts due from AM Jinshi, AirMedia Lianhe, AM Outdoor and TianJin Jinshi represents the amount of concession using fees receivable as of December 31, 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-16" xml:lang="en-US"> Entities in continuing operations sold some concession in certain airports to discontinued operation. Also continuing operations purchased some concession in certain airports from discontinued operation after the disposal. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-17" xml:lang="en-US"> Loans to third parties represented the loans to three third parties. On December 3, 2015, December 21, 2015 and December 24, 2015, the Group entered into three loan agreements with three third parties amounting to $617, $1,698 and $3,088, respectively with the terms of one year, one year and three months, respectively. The interest rates were 4.35%, 4.35% and 5.655% without any assets pledged. The loan of $1,698 was subsequently repaid in January 2016. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-18" xml:lang="en-US"> Receivable from third party represented the working capital provided by the Group to support the third party's daily operations. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-19" xml:lang="en-US"> An incremental weighted average number of 4,659, 620,154 and 7,631,964 ordinary shares from assumed exercise of share option were included in computing the diluted income per share for the discontinued operations for the years ended December 31, 2013, 2014 and 2015, respectively. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-20" xml:lang="en-US"> The amounts due from Jiacheng Advertising represents the uncollected concession fee of digital TV screens on airlines as of December 31, 2014. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-21" xml:lang="en-US"> The amounts due from Guangxi Dingyuan represents the amount of a deposit on concession fee receivable from Guangxi Dingyuan as of December 31, 2014. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-22" xml:lang="en-US"> The amounts due from AM Jiaming includes a short-term loan to AM Jiaming amounted to $1,612 and related interest receivable of $15 as of December 31, 2014. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-23" xml:lang="en-US"> The amount due to Qingdao AM represents the capital contribution commitment of $790 to Qingdao AM as of December 31, 2014, which was paid in January 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-24" xml:lang="en-US"> The Group purchased stand-alone digital frames, LED and lightbox concession in Nanning airport from Guangxi Dingyuan amounting to $233 and $1,107 for the years ended December 31, 2014 and 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-25" xml:lang="en-US"> The Group purchased stand-alone digital frames concession in Qingdao airport from Qingdao AM amounting to $1,230 for the year ended December 31, 2015. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-26" xml:lang="en-US"> In May 2014 and June 2014, the Group provided two loans to AM Jiaming, with amount of $806 and $806, respectively, at an annual interest rate equal to the bank lending rate over the same period, i.e. 6% for 2014. The loans will be due five days after the issuance of a written notice from the Group. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-27" xml:lang="en-US"> In November 2015, AM Advertising purchased 20% equity interest in Beijing AirMedia Lianhe Advertising Co., Ltd. ("AirMedia Lianhe") from Dayun Culture with consideration of $8,605. After the transaction, AM Advertising held 100% equity interest in AirMedia Lianhe. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-28" xml:lang="en-US"> The amounts due from BEMC represent the uncollected advertising revenues earned from BEMC as of December 31, 2014. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-29" xml:lang="en-US"> In August 2014, the Group sold 20% equity interest in AirMedia Lianhe, a wholly-owned subsidiary, to Dayun Culture, with a consideration of $2,766. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-30" xml:lang="en-US"> In June 2014, AM Advertising sold 20% equity interests in AM Film, a wholly-owned subsidiary, to Dingsheng Ruizhi with consideration of $322. </link:footnote>
<link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-31" xml:lang="en-US"> The amount due from Dingsheng Ruizhi represents the unreceived consideration of $322 for selling 20% of equity interests in AM Film. </link:footnote>
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</xbrli:xbrl>


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/28/23  Airnet Technology Inc.            20-F       12/31/22  114:15M                                    Toppan Merrill/FA2
 5/13/22  Airnet Technology Inc.            20-F       12/31/21  113:16M                                    Toppan Merrill/FA2
 5/06/21  Airnet Technology Inc.            20-F       12/31/20  112:14M                                    Toppan Merrill/FA
 9/14/20  Airnet Technology Inc.            20-F       12/31/19  120:14M                                    Toppan Merrill/FA
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