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v3.8.0.1

Condensed consolidated statements of operations and comprehensive loss - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Net revenues | $ 17,750,710 | $ 307,647 | $ 27,806,113 | $ 4,868,855
Cost of revenues | (19,111,425) | (1,226,648) | (31,075,142) | (6,440,745)
Gross loss | (1,360,715) | (919,001) | (3,269,029) | (1,571,890)
Operating expenses: |  |  |  |
Research and development expenses | (372,041) | (459,768) | (1,335,556) | (1,132,332)
Sales and marketing expenses | (1,135,992) | (320,094) | (1,820,629) | (824,832)
General and administrative expenses | (1,328,653) | (3,504,592) | (3,471,384) | (6,487,629)
Total operating expenses | (2,836,686) | (4,284,454) | (6,627,569) | (8,444,793)
Operating loss | (4,197,401) | (5,203,455) | (9,896,598) | (10,016,683)
Finance income (expenses), net | 8,943 | (91,124) | (86,820) | (143,674)
Other income (expenses), net | (14,295) | 4,662 | (40,931) | 241,349
Loss before income tax | (4,202,753) | (5,289,917) | (10,024,349) | (9,919,008)
Income tax expenses | 0 | (657,805) | 0 | (600,513)
Net loss | (4,202,753) | (5,947,722) | (10,024,349) | (10,519,521)
Other comprehensive income (loss) |  |  |  |
- Foreign currency translation adjustment | 291,029 | 15,495 | 629,073 | (419,304)
Comprehensive loss | $ (3,911,724) | $ (5,932,227) | $ (9,395,276) | $ (10,938,825)
Basic and diluted |  |  |  |
- Basic and diluted | $ (0.16) | $ (0.34) | $ (0.45) | $ (0.61)
Weighted average number of shares of common stock: |  |  |  |
- Basic and diluted | 26,334,918 | 17,339,426 | 22,174,315 | 17,284,632

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