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v3.7.0.1

Condensed Consolidated statements of operations and comprehensive loss - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Net revenues | $ 3,716,144 | $ 3,198,913
Cost of revenues | (4,133,321) | (3,298,207)
Gross loss | (417,177) | (99,294)
Operating expenses: |  |
Research and development expenses | (430,344) | (360,540)
Sales and marketing expenses | (234,880) | (299,084)
General and administrative expenses | (984,476) | (1,171,573)
Total operating expenses | (1,649,700) | (1,831,197)
Operating loss | (2,066,877) | (1,930,491)
Finance expenses, net | (2,728) | (37,192)
Other income, net | 1,389 | 7,284
Loss before income tax | (2,068,216) | (1,960,399)
Income tax credit | 0 | 57,241
Net loss | (2,068,216) | (1,903,158)
Other comprehensive loss |  |
- Foreign currency translation adjustment | (19,646) | 144,655
Comprehensive loss | $ (2,087,862) | $ (1,758,503)
Earnings (loss) per share Diluted |  |
- Basic and diluted | $ (0.10) | $ (0.11)
Weighted average number of shares of common stock: |  |
- Basic | 19,856,778 | 17,229,432

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