<SEC-DOCUMENT>0001558370-16-009071.txt : 20161102
<SEC-HEADER>0001558370-16-009071.hdr.sgml : 20161102
<ACCEPTANCE-DATETIME>20161102161519
ACCESSION NUMBER:		0001558370-16-009071
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161102
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161102
DATE AS OF CHANGE:		20161102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AxoGen, Inc.
		CENTRAL INDEX KEY:			0000805928
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				411301878
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36046
		FILM NUMBER:		161967986

	BUSINESS ADDRESS:	
		STREET 1:		13859 PROGRESS BLVD.
		STREET 2:		SUITE 100
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615
		BUSINESS PHONE:		(386) 462-6817

	MAIL ADDRESS:	
		STREET 1:		13859 PROGRESS BLVD.
		STREET 2:		SUITE 100
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LECTEC CORP /MN/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>axgn_currentfolio8k.htm
<DESCRIPTION>8-K
<TEXT>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:13.5pt;">UNITED STATES </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:13.5pt;">SECURITIES AND EXCHANGE COMMISSION </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Washington, D.C. 20549 </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:18pt;">Form 8-K</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:12pt;">Current Report </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:12pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Date of Report (Date of earliest event reported):&nbsp; November 2, 2016</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:18pt;">AXOGEN, INC. </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">(</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exact name of registrant as specified in its charter)</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Minnesota</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">001-36046</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(State or other jurisdiction of</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;<br /></font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">incorporation)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;">(</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Commission File Number)</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(IRS Employer</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Identification No.)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">13631 Progress Boulevard, Suite 400,<br />Alachua, Florida</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">32615</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(Address of Principal Executive Offices)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(Zip Code)</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Registrant&#x2019;s telephone number, including area code</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">(386) 462-6800</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;">(Former name or former address if changed since last report,)</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;">&#x2610;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font>
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			&nbsp;
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			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"><font style="display:inline;"></font>
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		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">Item 2.02&nbsp; Results of Operations and Financial Condition</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">On November 2, 2016, AxoGen, Inc. (&#x201C;AxoGen&#x201D;) issued a press release announcing its financial results for the quarter and nine months ended September 30, 2016.&nbsp; A copy of the press release is furnished as Exhibit&nbsp;99.1 to this Current Report.</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">The information furnished pursuant to Item 2.02 of this Current Report, including Exhibit&nbsp;99.1 hereto, shall not be considered &#x201C;filed&#x201D; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Exchange Act, unless the Company expressly sets forth in such future filing that such information is to be considered &#x201C;filed&#x201D; or incorporated by reference therein.</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Item 9.01. Financial Statements and Exhibits&nbsp; </font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 36pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(d)<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;;font-size: 10pt;font-family:Arial,Helvetica,sans-serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font>Exhibits</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:80.50%;padding:0pt 5.8pt 0pt 5.8pt;height:1.00pt">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibit No.</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:05.56%;padding:0pt 5.8pt 0pt 5.8pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Description</font></p>
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			</tr>
			<tr>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">99.1</font></p>
				</td>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:80.50%;border-top:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">AxoGen, Inc. press release, dated November 2, 2016.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt -18pt 0pt 0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:24.5pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">AXOGEN, INC.</font></p>
				</td>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Date: November 2, 2016</font></p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:04.18%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">By:</font></p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:45.00%;border-bottom:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">/s/ Gregory G. Freitag</font></p>
				</td>
			</tr>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:04.18%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:45.00%;border-top:1pt solid #000000 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Gregory G. Freitag</font></p>
				</td>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:45.00%;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">General Counsel &amp; Senior VP of Business Development</font></p>
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		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;"></font>
		</p>
		<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-indent:24.5pt;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:1pt;">&nbsp;</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibit No.</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Description</font></p>
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					<p style="margin:0pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">99.1</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">AxoGen, Inc. press release, dated November 2, 2016.</font></p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>axgn_ex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
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			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Exhibit 99.1</font>

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			</tr>
		</table></div>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 14pt;">
			<font style="display:inline;font-family:Calibri;font-size:14pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 14pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:14pt;">AxoGen, Inc. Reports Financial Results for Third Quarter 2016</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-style:italic;font-size:12pt;">Record revenues of $11.2 million, continued growth in accounts, and increased presence of nerve repair at key medical meetings&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">ALACHUA, FL &#x2013; November 2, 2016 &#x2013; </font><font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen, Inc. (NASDAQ: AXGN), a global leader in innovative surgical solutions for peripheral nerve injuries, today announced financial results for the third quarter ended September 30, 2016 and provided a business update.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;background-color:white;">Third Quarter 2016 Financial and Recent Business Highlights</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Third quarter revenue of $11.2 million up 37% compared to 2015 revenue of $8.2 million</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Year-to-date revenue of $29.7 million up 52% compared to 2015 of $19.5 million </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Gross margin of 84.9% compared to 2015 gross margin of 82.7%</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Improved EBITDA loss of $1.1 million compared to 2015 EBITDA loss of $1.8 million </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Increasing awareness of nerve injury and repair seen in multiple conference presentations at the Annual American Society for Surgery of the Hand Meeting and </font><font style="display:inline;font-family:Calibri;font-size:12pt;">American Association of Oral and Maxillofacial Surgeons</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Appointed former Covidien executive Amy Wendell to the Board of Directors</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Raised $18.6 million in net proceeds through a public offering of common stock on October 13</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4.8pt;position:relative;line-height:115%">th</font><font style="display:inline;font-family:Calibri;font-size:12pt;"> &nbsp; &nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Refinanced $25.0 million debt facility on October 25</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4.8pt;position:relative;line-height:115%">th</font><font style="display:inline;font-family:Calibri;font-size:12pt;"> which will reduce annual interest costs by at least $1.5 million</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">&#x201C;We are pleased with another successful quarter including record revenues of $11.2 million, continued growth in active and new accounts, and a significantly improved balance sheet&#x201D; commented Karen Zaderej, President and Chief Executive Officer. &#x201C;With a large presence at two recent medical meetings, it&#x2019;s particularly pleasing to see surgeons becoming more familiar with the role of our portfolio of products for peripheral nerve repair.&nbsp; Our recent equity raise and the refinancing of our debt provide us with a solid capital structure as</font><font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;"> we continue to drive awareness and growth in this emerging nerve repair market.&#x201D;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;background-color:white;">Additional Operational and Financial Highlights</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Increased active accounts in the third quarter to 414 up 40% from 296 a year ago</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Ended the quarter with 45 direct sales representatives as compared to 38 a year ago; 23 independent agencies, consistent with prior year</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Conducted 11 national education courses year to date and will complete two more for a </font></p></td></tr></table></div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top"><p style="margin:0pt 0pt 0pt 50pt;line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;;"><font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">total of 13 courses by the end of this calendar year</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Ended the quarter with $16.0 million in cash and $25.0 million in debt</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Use of cash in the quarter was $2.3 million</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Seven peer reviewed publications year to date on the AxoGen nerve repair portfolio</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 14.00pt; display: inline;">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:115%;text-align:left;color:#000000;text-justify:inter-ideograph;font-size:12pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:115%;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 12pt;margin:0pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">After giving effect for the recent equity raise and debt refinancing, as of September 30, 2016, pro forma cash </font><font style="display:inline;font-family:Calibri;font-size:12pt;">was approximately $31.7 </font><font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">million and pro forma bank debt was approximately $25.0 million</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">2016 Financial Guidance </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Management maintains its full year 2016 revenue guidance of over $40 million and full year 2016 gross margin guidance to exceed 80%.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Introducing 2017 Financial Guidance </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">Management expects 2017 annual revenue will grow at least 40% over 2016 revenue and gross margins will remain above 80%.&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Upcoming Events</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">The Company will be conducting its first Analyst and Investor Event on Monday</font><font style="display:inline;font-family:Calibri;font-size:12pt;">, November 21</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4pt;position:relative;line-height:100%">st</font><font style="display:inline;font-family:Calibri;font-size:12pt;">&nbsp;</font><font style="display:inline;font-family:Calibri;font-size:12pt;background-color:white;">in New York City.&nbsp;&nbsp;This event will include a review of clinical data and best practices in the repair of peripheral nerves from surgeons that use the AxoGen portfolio of products and a business review from Company management. </font><font style="display:inline;font-family:Calibri;font-size:12pt;">Those interested in attending this event can register by sending an email to AxoGenEvents@TroutGroup.com.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:115%;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Conference Call</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">The Company will host a conference call and webcast for the investment community today at 4:30 PM ET. Investors interested in participating by phone are invited to call toll free at 1.877.407.0993 or use the direct dial-in number 1.201.689.8795. Those interested in listening to the conference call live via the Internet may do so by visiting the Investors page of the company's website at www.axogeninc.com and clicking on the webcast link on the Investors home page.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Following the conference call, a replay will be available on the Company&#x2019;s website at www.AxoGenInc.com under &#x2018;Investors.&#x2019;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">About AxoGen </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<a name="gjdgxs"></a><font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen (AXGN) is a global leader in innovative surgical solutions for peripheral nerve injuries. AxoGen&#x2019;s portfolio of products includes Avance&#xAE; Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site, AxoGuard&#xAE; Nerve Connector, a porcine submucosa extracellular matrix ("ECM") coaptation aid for tensionless repair of severed nerves, and AxoGuard&#xAE; Nerve Protector, a porcine submucosa ECM product used to wrap and protect injured peripheral nerves and reinforce the nerve reconstruction while preventing soft tissue attachments. Along with these core surgical products, AxoGen also offers AxoTouch</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4pt;position:relative;line-height:100%">TM</font><font style="display:inline;font-family:Calibri;font-size:12pt;"> Two-Point Discriminator and AcroVal</font><font style="display:inline;font-family:Calibri;font-size:12pt;font-size:6pt;top:-4pt;position:relative;line-height:100%">TM</font><font style="display:inline;font-family:Calibri;font-size:12pt;"> Neurosensory &amp; Motor Testing System. These evaluation and measurement tools assist healthcare professionals in detecting changes in sensation, assessing return of sensory, grip and pinch function, evaluating effective treatment interventions, and providing feedback to patients on nerve function. The </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;"><font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen portfolio of products is available in the United States, Canada, the United Kingdom and several European and international countries. </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Cautionary Statements Concerning Forward-Looking Statements</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;">This Press Release contains "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or predictions of future conditions, events or results based on various assumptions and management's estimates of trends and economic factors in the markets in which we are active, as well as our business plans. Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates", "projects", "forecasts", "continue", "may", "should", "will" variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements may include, without limitation, statements regarding our growth, our 2016 guidance, product development, product potential, financial performance, sales growth, product adoption, market awareness of our products, data validation, our visibility at and sponsorship of conferences and educational events. The forward-looking statements are subject to risks and uncertainties, which may cause results to differ materially from those set forth in the statements. Forward-looking statements in this release should be evaluated together with the many uncertainties that affect AxoGen's business and its market, particularly those discussed in the risk factors and cautionary statements in AxoGen's filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those projected. The forward-looking statements are representative only as of the date they are made, and, except as required by law, AxoGen assumes no responsibility to update any forward-looking statements, whether as a result of new information, future events or otherwise.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 11pt;">
			<font style="display:inline;font-family:Calibri;font-size:11pt;">About Non-GAAP Financial Measures</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;">To supplement our consolidated financial statements, we use the non-GAAP financial measure of EBITDA, which measures earnings before interest, income taxes, depreciation and amortization. </font>
		</p>
		<p style="margin:6pt 0pt 0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Calibri;">We use this non-GAAP financial measure for financial and operational decision-making and as a means to evaluate period-to-period comparisons.&nbsp; We believe that this non-GAAP financial measure provides meaningful supplemental information regarding our performance and liquidity and that both management and investors benefit from referring this non-GAAP financial measure in assessing our performance and when planning, forecasting, and analyzing future periods.&nbsp; We believe this non-GAAP financial measure is useful to investors because (1) it allows for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) it is used by our institutional investors and the analyst community to help them analyze the performance of our business.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;font-size:12pt;">Contacts:</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">AxoGen, Inc.</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Peter J. Mariani, Chief Financial Officer</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">InvestorRelations@AxoGenInc.com</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">The Trout Group &#x2013; Investor Relations&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">Brian Korb </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">646.378.2923</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">bkorb@troutgroup.com</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">CONDENSED CONSOLIDATED BALANCE SHEETS</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
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					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
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				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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				<td colspan="2" valign="bottom" style="width:13.22%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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				<td colspan="2" valign="bottom" style="width:13.24%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
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				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
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				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
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				<td colspan="2" valign="bottom" style="width:13.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p>
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				<td colspan="2" valign="bottom" style="width:13.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">December 31,</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:13.22%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">(unaudited)</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:13.24%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Assets</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Current assets:</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Cash and cash equivalents</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,003,245
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,909,500
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Accounts receivable</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,004,756
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,782,989
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Inventory</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,970,819
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,933,960
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Prepaid expenses and other</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>685,711
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>424,925
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Total current assets</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,664,531
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,051,374
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Property and equipment, net</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,320,711
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>970,870
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>787,523
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>678,082
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,772,765
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,700,326
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Liabilities and Shareholders&#x2019; Equity</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Current liabilities:</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Accounts payable and accrued expenses</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,559,394
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,695,127
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Current deferred revenue</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,032
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,118
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Total current liabilities</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,595,426
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,709,245
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Note Payable - Revenue Interest Purchase Agreement</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,996,070
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,701,693
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Long Term Deferred Revenue</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>77,610
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,797
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Total liabilities</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,669,106
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,504,735
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Shareholders&#x2019; equity:</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Common stock, $.01 par value; 50,000,000 shares authorized; 30,209,036 and 29,984,591 shares issued and outstanding</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>302,090
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>299,846
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Additional paid-in capital</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,058,408
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111,368,424
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Accumulated deficit</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(112,256,839)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(103,472,679)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Total shareholders&#x2019; equity</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,103,659
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,195,591
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:68.58%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,772,765
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,700,326
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">Three and Nine Months ended September 30, 2016 and 2015</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#343A3F;font-size:12pt;">(unaudited)</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:43.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:25.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">Three Months Ended </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:25.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Revenues</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,205,224
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,153,675
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,698,866
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,522,244
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Cost of goods sold</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,697,443
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,410,416
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,637,446
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,433,138
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Gross profit</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,507,781
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,743,259
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,061,420
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,089,106
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Costs and expenses:</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Sales and marketing</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,090,059
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,512,613
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,076,297
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,257,397
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Research and development</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,118,358
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>936,015
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,033,521
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,343,450
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">General and administrative</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,481,051
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,212,457
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,362,063
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,103,058
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Total costs and expenses</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,689,468
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,661,085
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,471,881
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,703,905
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Loss from operations</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,181,687)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,917,826)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,410,461)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,614,799)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Other income (expense):</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Interest expense</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,089,134)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,042,258)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,255,574)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,060,779)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Interest expense &#x2014; deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31,748)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31,419)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(95,254)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(96,375)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Other income (expense) </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,804)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,645
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(22,871)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,021
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Total other income (expense) </font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,123,686)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,061,032)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,373,699)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,130,133)
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Net Loss</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,305,373)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,978,858)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,784,160)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,744,932)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Weighted Average Common Shares outstanding &#x2014; basic and diluted</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,152,279
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,841,060
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,075,715
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,778,123
				</td>
				<td valign="bottom" style="width:01.64%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.96%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Loss Per Common share &#x2014; basic and diluted</font></p>
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.08)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.11)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.29)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.39)
				</td>
				<td valign="bottom" style="width:01.64%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">Three and Nine Months ended September 30, 2016 and 2015</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#343A3F;font-size:12pt;">(unaudited)</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:43.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:25.44%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">Three Months Ended </font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:25.60%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended </font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.80%;border-top:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.94%;border-top:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;border-top:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">September 30, </font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 11pt;">
						<font style="display:inline;font-family:Calibri;font-size:11pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.94%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.80%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.94%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:11.96%;border-bottom:1pt solid #000000 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 3pt 0pt 0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">(2,305,373)</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.16%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.64%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,978,858)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,784,160)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.34%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-top:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,744,932)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Depreciation and amortization expense</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,543
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.16%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.64%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,428
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>263,133
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.34%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,038
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Amortization expense of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,017
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.16%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.64%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,299
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,050
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.34%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,009
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Interest expense</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-bottom:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,089,134&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.16%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.64%;border-bottom:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,042,258&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-bottom:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,255,574&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.34%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-bottom:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,060,779&nbsp;
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Interest expense - deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,748
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.16%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.64%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,419
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.32%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,254
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.34%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.62%;border-bottom:1pt solid #000000 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,375
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:43.84%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EBITDA - non GAAP</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:01.32%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:10.62%;border-top:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,072,931)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:01.16%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:10.64%;border-top:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,839,454)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:01.32%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:10.62%;border-top:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,122,149)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:01.34%;border-top:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="border-bottom:2pt double #000000 ;width:10.62%;border-top:1pt solid #000000 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,411,731)
				</td>
				<td valign="bottom" style="width:01.70%;border-bottom:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#343A3F;font-family:Batang;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-weight:bold;color:#343A3F;font-size:12pt;"></font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><div style="width:100%">

		<p style="margin:0pt;text-align:right;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">

			&nbsp;

		</p>

</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">AXOGEN, INC</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#343A3F;font-size:12pt;">Nine Months ended September 30, 2016 and 2015</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#343A3F;font-family:Batang;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#343A3F;font-size:12pt;">(unaudited) </font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:70.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2016</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">2015</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Cash flows from operating activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt solid #000000 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,784,160)
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,744,932)
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Adjustments to reconcile net loss to net cash used for operating activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Depreciation</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>263,133
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,038
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Amortization of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48,050
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,009
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Amortization of deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,253
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,375
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Provision for bad debts</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,934
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> &nbsp;&#x2014;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Stock-based compensation</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,046,364
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,031,218
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Interest added to note</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>199,124
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>451,590
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 18pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Change in assets and liabilities:</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 24pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Accounts receivable</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,302,701)
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,770,494)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 24pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Inventory</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,036,859)
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(488,135)
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 24pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Prepaid expenses and other</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(260,786)
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(180,862)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 24pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Accounts payable and accrued expenses</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>864,267
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,655,114
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 24pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Deferred Revenue</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,727
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16,187)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Net cash used for operating activities</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,781,654)
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,790,266)
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Cash flows from investing activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Purchase of property and equipment</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(612,974)
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(353,093)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Acquisition of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(157,491)
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(92,184)
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Net cash used for investing activities</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(770,465)
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(445,277)
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Cash flows from financing activities:</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Proceeds from issuance of common stock</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> &nbsp;&#x2014;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,970,735
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Debt issuance costs</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;padding:0pt;">
					<p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> &nbsp;&#x2014;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(180,142)
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Proceeds from exercise of stock options</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Batang;color:#000000;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>645,864
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:right;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164,626
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Net cash provided by financing activities</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>645,864
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,955,219
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Net increase (decrease) in cash and cash equivalents</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,906,255)
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,719,676
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Cash and cash equivalents,</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> beginning of year</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,909,500
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,215,791
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Cash and cash equivalents,</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> end of period</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,003,245
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,935,467
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Supplemental disclosures of cash flow activity:</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.72%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.70%;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:70.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 12pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Cash paid for interest</font></p>
				</td>
				<td valign="bottom" style="width:01.78%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.48%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.80%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,031,528
				</td>
				<td valign="bottom" style="width:01.72%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font></p>
				</td>
				<td valign="bottom" style="width:10.84%;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,949,381
				</td>
				<td valign="bottom" style="width:01.70%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;text-align:left;color:#000000;font-family:Batang;text-justify:inter-ideograph;font-size: 8pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Batang;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#343A3F;font-family:Batang;text-align:justify;text-justify:inter-ideograph;font-size: 12pt;">
			<font style="display:inline;font-family:Calibri;font-size:12pt;">&nbsp;</font>
		</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
