Cash and cash equivalents

$

264,005

Accounts receivable

27,815

Prepaid expense and other current assets

4,339

Long-term prepayments

525

Intangible assets, net

22,597,646

Accounts payable

(16,028

)

Accrued liabilities and other current liabilities

(29,904

)

Income tax payable

(61,777

)

Deferred tax liabilities

(7,660,758

)

Net assets acquired

$

15,125,863