<SEC-DOCUMENT>0001558370-17-003515.txt : 20170504
<SEC-HEADER>0001558370-17-003515.hdr.sgml : 20170504
<ACCEPTANCE-DATETIME>20170504161019
ACCESSION NUMBER:		0001558370-17-003515
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170504
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170504
DATE AS OF CHANGE:		20170504

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:		17814008

	BUSINESS ADDRESS:	
		STREET 1:		13631 PROGRESS BLVD.
		STREET 2:		SUITE 400
		CITY:			ALACHUA
		STATE:			FL
		ZIP:			32615
		BUSINESS PHONE:		(386) 462-6817

	MAIL ADDRESS:	
		STREET 1:		13631 PROGRESS BLVD.
		STREET 2:		SUITE 400
		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>f8-k.htm
<DESCRIPTION>8-K
<TEXT>
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			axgn_Current_Folio_8K
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;font-size:18pt;">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:18pt;">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;">&nbsp;</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; May 4, 2017</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;font-weight:bold;">41-1301878</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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					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;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;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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					<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;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;color:#000000;">(Zip Code)</font></p>
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		<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>
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		<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>
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		<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;color:#000000;">Registrant&#x2019;s telephone number, including area code</font>
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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>
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		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;margin-left:0pt;">
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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;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;">(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;">&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;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>
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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;">&#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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			<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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		<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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		<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;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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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>
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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;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font>
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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>
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		<p style="margin:0pt;text-indent:36pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;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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		<p style="margin:0pt;text-indent:36pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Emerging growth company&nbsp;</font><font style="display:inline;color:#000000;">&#x2610;</font>
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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>
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		<p style="margin:0pt;text-indent:36pt;color:#000000;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;</font><font style="display:inline;color:#000000;">&#x2610;</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-size:1pt;">&nbsp;</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</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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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Item 2.02&nbsp; Results of Operations and Financial Condition</font>
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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>
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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;">On May 4, 2017, AxoGen, Inc. (&#x201C;AxoGen&#x201D;) issued a press release announcing its financial results for the quarter and three months ended March 31, 2017.&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;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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		<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;">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;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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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibit No.</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Description</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">99.1</font></p>
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						<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 May 4, 2017.</font></p>
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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;font-family:Times New Roman,Times,serif;color:#000000;"></font>
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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 -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>
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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>
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		<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>
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		<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>
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						<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;">&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>
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						<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;">&nbsp;</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font></p>
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					<p style="margin:0pt 0pt 0pt 7.2pt;text-indent: -7.2pt;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;">Date: </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">May 4, 2017</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;">By:</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;">/s/ Gregory G. Freitag</font></p>
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						<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;">Gregory G. Freitag</font></p>
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						<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;">General Counsel &amp; Senior VP of Business&nbsp;Development</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EXHIBIT INDEX</font>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Exhibit No.</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Description</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">99.1</font></p>
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						<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">AxoGen, Inc. press release, dated May 4, 2017.</font></p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex-99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
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			axgn_Ex99_1
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Exhibit&nbsp;99.1</font>
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		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;"><img src="ex-99d1g001.jpg" style="width: 2.125in; height: 0.6770833in" alt="Picture 5"></font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:14pt;">AxoGen,&nbsp;Inc. Reports</font>
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		<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 14pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:14pt;">2017 First Quarter Financial Results</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-style:italic;">Record Q1 Revenue of $12.2 million, representing 51% growth over prior&nbsp;year</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">ALACHUA, FL&nbsp;&#x2014; May&nbsp;4, 2017&nbsp;&#x2014; </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">AxoGen,&nbsp;Inc. (NASDAQ: AXGN), a global leader in developing and marketing innovative surgical solutions for peripheral nerve injuries, today reported financial results and business highlights for the first quarter ended March&nbsp;31, 2017.</font>
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		<p style="margin:2pt 0pt 0pt;line-height:100%;color:#365F91;font-family:Calibri;font-size: 13pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#365F91;font-size:13pt;">First Quarter 2017 Financial Results and Recent Business Highlights</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Revenue of $12.2 million, up 51% compared to $8.1 million in the first quarter of 2016</font></p></td></tr></table></div>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Gross margin of 84.4% compared to 82.7% in the first quarter of 2016</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Net loss for the first quarter of 2017 is $3.8 million, or $0.11 per share, compared with a net loss of $3.7 million, or $0.12 per share, in the first quarter of 2016&nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Adjusted EBITDA loss of $2.2 million compared to Adjusted EBITDA loss of $2.3 million in Q1 2016</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 18pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">"We are pleased to complete another successful quarter, with record revenues of $12.2 million and growth of 51&nbsp;percent,&#x201D; stated Karen Zaderej, President and Chief Executive Officer. &#x201D;We are successfully executing against our strategic initiatives and driving awareness and growth in the emerging peripheral nerve repair market.&#x201D;</font>
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		<p style="margin:2pt 0pt 0pt;line-height:100%;color:#365F91;font-family:Calibri;font-size: 13pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#365F91;font-size:13pt;">Additional First Quarter and Recent Operational Highlights</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Increased active accounts in the first quarter to 465, up 37% from 340 in Q1 2016</font></p></td></tr></table></div>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">We ended the quarter with 49 direct sales reps and have 50 as of today&#x2019;s call; we also have 20 independent distributors</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Conducted three national education courses in the first quarter, and four&nbsp;year-to-date</font></p></td></tr></table></div>
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				<font style="margin:0pt;font-family:Symbol;font-size:11pt;line-height:100%;;"> &#xB7;</font>
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			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Increased the number of peer reviewed clinical publications for our surgical portfolio by six to a total of 50&nbsp;year to date</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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				<font style="margin:0pt;font-family:Symbol;font-size:11pt;line-height:100%;;"> &#xB7;</font>
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			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Conducted a second clinical advisory panel with leading reconstructive breast surgeons&nbsp;- the panel reviewed patient, surgeon, and health care stakeholder perspectives and needs, as well as how the AxoGen portfolio of products may help surgeons overcome current clinical challenges related to restoring breast sensation for women who choose autologous reconstruction following a mastectomy</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:11pt;line-height:100%;;"> &#xB7;</font>
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			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Ended the quarter with $25.9 million in cash compared to $30 million at the end of 2016. Net cash burn in Q1 was $4.1 million and includes $1.2 million payment of the 2016 all-employee annual performance bonus</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;font-size:11pt;line-height:100%;;"> &#xB7;</font>
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			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Ended the quarter with $25 million of total bank debt, compared to $25 million at the end of 2016</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&#x201C;We continue to focus on surgeon education and growing the body of clinical evidence for our nerve repair solutions,&#x201D; added Zaderej. &#x201C;As a result we are building awareness of peripheral </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;"><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">nerve repair and expanding usage of our products with innovator and early adopter surgeons, while also working to develop the middle adopter market.&#x201D;</font>
		</p>
		<p style="margin:2pt 0pt 0pt;line-height:100%;color:#365F91;font-family:Calibri;font-size: 13pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#365F91;font-size:13pt;">2017 Financial Guidance</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Management reiterates 2017 annual revenue will grow at least 40% over 2016 revenue and gross margins will remain above 80%.</font>
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		<p style="margin:2pt 0pt 0pt;line-height:100%;color:#365F91;font-family:Calibri;font-size: 13pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#365F91;font-size:13pt;">Upcoming Investor Events</font>
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		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Members of the AxoGen senior management team will participate at the following upcoming conferences and events:</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;font-size:11pt;line-height:100%;;"> &#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:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Jefferies Global Healthcare Conference in New York City on June&nbsp;6</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;font-size:11pt;line-height:100%;;"> &#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:100%;font-family:Calibri;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">JMP Securities Conference in New York City on June&nbsp;21&#8209;22</font></p></td></tr></table></div>
		<p style="margin:2pt 0pt 0pt;line-height:100%;color:#365F91;font-family:Calibri;font-size: 13pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#365F91;font-size:13pt;">Conference Call</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Company will host a conference call and webcast for the investment community today at 4:30&nbsp;p.m. ET. Investors interested in participating by phone are invited to call toll free at 1&#8209;877&#8209;407&#8209;0993 or use the direct dial-in number 1&#8209;201&#8209;689&#8209;8795. Those interested in listening to the conference call live via the Internet can do so by visiting the Investors page&nbsp;of the Company&#x2019;s website at www.axogeninc.com and clicking on the webcast link on the Investors home page.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Following the conference call, a replay will be available on the Company&#x2019;s website at www.axogeninc.com under Investors.</font>
		</p>
		<p style="margin:2pt 0pt 0pt;line-height:100%;color:#365F91;font-family:Calibri;font-size: 13pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#365F91;font-size:13pt;">About AxoGen</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">AxoGen (AXGN) is a global leader in innovative surgical solutions for peripheral nerve injuries. AxoGen is the only company focused specifically on the science, development and commercialization of technologies for peripheral nerve regeneration and repair. We are passionate about restoring nerve function and quality of life to patients with peripheral nerve injuries by providing innovative, clinically proven and economically effective repair solutions for surgeons and health care providers. Peripheral nerves provide the pathways for both motor and sensory signals throughout the body. Every day, people suffer traumatic injuries or undergo surgical procedures that impact the function of their peripheral nerves.&nbsp;Damage to a peripheral nerve can result in the loss of muscle or organ function, the loss of sensory feeling, or the initiation of pain.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">AxoGen&#x2019;s portfolio of products includes Avance</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:6pt;top:-4.4pt;position:relative;line-height:100%">&#xAE;</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site, AxoGuard</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:6pt;top:-4.4pt;position:relative;line-height:100%">&#xAE;</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves, AxoGuard</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:6pt;top:-4.4pt;position:relative;line-height:100%">&#xAE;</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;"> 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, and Avive</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:6pt;top:-4.4pt;position:relative;line-height:100%">&#xAE;</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;Soft Tissue Membrane, a minimally processed human umbilical cord membrane that may be used as a resorbable soft tissue covering to separate tissue layers and modulate inflammation in the surgical bed. Along with these core surgical products, AxoGen also offers AcroVal&#x2122; Neurosensory&nbsp;&amp; Motor Testing System and AxoTouch&#x2122; Two-Point Discriminator. These evaluation and measurement tools assist health care 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 AxoGen portfolio of </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;"><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">products is available in the United States, Canada, the United Kingdom, and several other European and international countries.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Cautionary Statements Concerning Forward-Looking Statements</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">This Press Release contains "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management&#x2019;s current expectations or predictions of future conditions, events, or results based on various assumptions and management&#x2019;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," and 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 assessment on our internal control over financial reporting, our growth, our 2017 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&#x2019;s business and its market, particularly those discussed in the risk factors and cautionary statements in AxoGen&#x2019;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;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Contacts:</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">AxoGen,&nbsp;Inc.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Peter J. Mariani, Chief Financial Officer</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">InvestorRelations@AxoGenInc.com</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">The Trout Group&nbsp;&#x2014; Investor Relations</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Brian Korb</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">646.378.2923</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">bkorb@troutgroup.com</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">AXOGEN,&nbsp;INC.</font>
		</p>
		<p style="margin:0pt 0pt 12pt 5.75pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">CONDENSED CONSOLIDATED BALANCE SHEETS</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:67.22%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.10%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">December&nbsp;31,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.10%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2017</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">(unaudited)</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.04%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2016</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:30.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Assets</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.10%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Current assets:</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.10%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:14.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Cash and cash equivalents</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">25,913,765&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">30,014,405&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Accounts receivable, net</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">8,383,925&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">8,052,203&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Inventory</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">5,850,730&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">5,458,840&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Prepaid expenses and other</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">749,437&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">511,804&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Total current assets</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">40,897,857&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">44,037,252&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Property and equipment, net</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">1,484,279&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">1,494,247&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">890,688&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">828,979&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">43,272,824&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">46,360,478&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Liabilities and Shareholders&#x2019; Equity (Deficit)</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Current liabilities:</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Borrowings under revolving loan agreement</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">3,976,320&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">4,025,023&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Accounts payable and accrued expenses</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">6,660,267&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">7,002,165&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Current maturities of long term obligations</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">22,913&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">20,899&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Deferred revenue, current</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">35,250&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">33,282&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Total current liabilities</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">10,694,750&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">11,081,369&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Long Term Obligations, net of current maturities and deferred financing fees</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">20,276,634&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">20,265,745&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Deferred lease</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">89,888&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&#x2014;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Deferred revenue</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">86,818&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">92,215&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Total liabilities</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">31,148,090&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">31,439,329&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Shareholders&#x2019; equity (deficit):</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Common stock, $.01 par value; 50,000,000 shares authorized; 33,063,960 and 33,008,865 shares issued and outstanding</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">330,639&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">330,088&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Additional paid-in capital</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">133,439,943&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">132,474,884&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Accumulated deficit</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(121,645,848)
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(117,883,823)
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Total shareholders&#x2019; equity</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">12,124,734&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">14,921,149&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:67.22%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.92%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">43,272,824&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.32%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.18%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.86%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">46,360,478&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">AXOGEN,&nbsp;INC.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</font>
		</p>
		<p style="margin:0pt 0pt 12pt 5.75pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">&nbsp;(unaudited)</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;background-color: #FFFFFF;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
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				<td valign="top" style="width:70.00%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:27.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">Three Months ended March 31,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2017&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2016&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Revenues</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">12,241,073&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">8,111,759&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Cost of goods sold</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">1,915,648&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">1,405,591&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Gross profit</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">10,325,425&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">6,706,168&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Costs and expenses:</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Sales and marketing</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">8,610,482&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">6,205,875&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Research and development</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">1,411,136&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">978,340&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">General and administrative</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">3,504,039&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">2,144,757&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Total costs and expenses</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">13,525,657&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">9,328,972&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Loss from operations</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,200,232)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,622,804)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Other expense:</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Interest expense</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(507,549)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,003,027)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Interest expense&nbsp;&#x2014; deferred financing costs</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;background-color: #auto;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(44,491)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;background-color: #auto;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(30,810)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Other expense</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,753)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19,450)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Total other expense </font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(561,793)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,053,287)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Net loss</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,762,025)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,676,091)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Weighted Average Common Shares outstanding&nbsp;&#x2014; basic and diluted</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">33,026,433&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">29,994,066&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:70.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Loss Per Common share&nbsp;&#x2014; basic and diluted</font></p>
				</td>
				<td valign="top" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.11)
				</td>
				<td valign="bottom" style="width:02.28%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="top" style="width:11.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.12)
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">AXOGEN,&nbsp;INC.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">&nbsp;(unaudited)</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;background-color: #FFFFFF;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:71.26%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;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:Calibri;line-height:107.92%;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;height:3.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:3.00pt;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:26.84%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:26.84%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">Three Months ended March 31,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2017</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2016</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,762,025)
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,676,091)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Depreciation and amortization expense</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">108,359&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">78,856&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Amortization expense of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">23,189&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">16,016&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Income Taxes</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">9,801&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">21,427&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Interest expense</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">507,549&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">1,003,027&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:71.26%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Interest expense&nbsp;&#x2014; deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">44,491&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">30,810&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">EBITDA&nbsp;&#x2014; non GAAP</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,068,636)
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,525,955)
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.26%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Non Cash Stock Compensation Expense</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">848,589&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">182,955&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:71.26%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Adjusted EBITDA&nbsp;&#x2014; non GAAP</font></p>
				</td>
				<td valign="bottom" style="width:01.90%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,220,047)
				</td>
				<td valign="bottom" style="width:01.80%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,343,000)
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">AXOGEN,&nbsp;INC.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">&nbsp;(unaudited)</font>
		</p>
		<p style="margin:0pt 0pt 0pt 5.4pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-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="top" style="width:69.26%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td colspan="5" valign="bottom" style="width:28.36%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">Three Months ended March 31,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:13.32%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2017</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:12.66%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 8pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:8pt;">2016</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Cash flows from operating activities:</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,762,025)
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,676,091)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Adjustments to reconcile net loss to net cash used for operating activities:</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Depreciation</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">108,359&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">78,856&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Amortization of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">23,189&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">16,016&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Amortization of deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">44,491&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">30,810&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Provision for bad debt</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">34,747&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">80,651&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Share-based compensation</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">848,589&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">182,955&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Interest added to note payable</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">71,950&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 21.6pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Change in assets and liabilities:</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Accounts receivable</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(366,469)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(588,243)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Inventory</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(391,890)
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(581,980)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Prepaid expenses and other</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(237,633)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(274,114)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Accounts payable and accrued expenses</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(341,899)
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">55,479&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 28.8pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Deferred revenue</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">86,459&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,396)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Net cash used for operating activities</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,954,082)
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,609,107)
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Cash flows from investing activities:</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Purchase of property and equipment</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(98,391)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(402,927)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Acquisition of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(84,898)
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(85,416)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Net cash used for investing activities</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(183,289)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(488,343)
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Cash flows from financing activities:</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Borrowing on revolving loan</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">11,247,114&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&#x2014;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Payments on revolving loan</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,295,817)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&#x2014;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Repayments of long term debt</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,158)
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&#x2014;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Debt issuance costs</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,429)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&#x2014;&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Proceeds from exercise of stock options</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">117,021&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">136,702&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Net cash provided by financing activities</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">36,731&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">136,702&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Net increase (decrease) in cash and cash equivalents</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,100,640)
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,960,748)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Cash and cash equivalents,</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"> beginning of&nbsp;year</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">30,014,405&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;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;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">25,909,500&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Cash and cash equivalents,</font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"> end of period</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">25,913,765&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">20,948,752&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:10pt;">Supplemental disclosures of cash flow activity:</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:69.26%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">Cash paid for interest</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:12.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">505,020&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:02.38%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.20%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:11.46%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">900,410&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><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:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">AXOGEN,&nbsp;INC.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">(unaudited)</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&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="top" style="width:30.66%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:1pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Quarter&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Quarter&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Quarter&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Quarter&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:09.58%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Year&nbsp;Ended</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Quarter&nbsp;Ended</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">March&nbsp;31,</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">June&nbsp;30,</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">September&nbsp;30,</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">December&nbsp;31,</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:09.58%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">December&nbsp;31,</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">March&nbsp;31,</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:09.58%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">2016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="bottom" style="width:10.02%;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;line-height:100%;text-align:center;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">2017&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:30.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Net loss</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,676,091)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,802,696)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,305,373)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,626,984)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14,411,144)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,762,025)
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">Depreciation and amortization expense</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">78,856&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">88,734&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">95,543&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">98,484&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">361,617&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">108,359&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:30.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">Amortization expense of intangible assets</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">16,016&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">16,017&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">16,017&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">26,821&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">74,871&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">23,189&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">Income Taxes</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">21,427&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&#x2014;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">9,801&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:30.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">Interest expense</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">1,003,027&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">1,163,413&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">1,089,134&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">2,130,694&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">5,386,268&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">507,549&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 14.4pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">Interest expense &#x2014; deferred financing costs</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">30,810&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">32,696&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">31,748&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">780,135&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">875,389&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;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;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">44,491&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">EBITDA&nbsp;&#x2014; non GAAP</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,525,955)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,501,836)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,072,931)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,590,850)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,712,999)
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,068,636)
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">Non Cash Stock Compensation Expense</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">182,955&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">569,834&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">293,575&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">343,913&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">1,390,277&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;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;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;background-color: #CCEEFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">848,589&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:30.66%;padding:0pt;">
					<p style="margin:0pt 0pt 0pt 7.2pt;line-height:100%;text-indent: -7.2pt;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;font-size:7pt;">Adjusted EBITDA&nbsp;&#x2014; non GAAP</font></p>
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,343,000)
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(932,002)
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(779,356)
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,246,937)
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.84%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
				</td>
				<td valign="bottom" style="width:08.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,322,722)
				</td>
				<td valign="bottom" style="width:01.60%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:00.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 7pt;">
						<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:7pt;">$</font></p>
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				<td valign="bottom" style="width:09.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Arial,Helvetica,sans-serif;font-size:7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,220,047)
				</td>
			</tr>
		</table></div>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-size:10pt;">&nbsp;</font>
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			<font style="display:inline;">&nbsp;</font>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
