<SEC-DOCUMENT>0001140361-21-037770.txt : 20211115
<SEC-HEADER>0001140361-21-037770.hdr.sgml : 20211115
<ACCEPTANCE-DATETIME>20211115084249
ACCESSION NUMBER:		0001140361-21-037770
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20211115
DATE AS OF CHANGE:		20211115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVENT TECHNOLOGIES HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001744494
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				830982969
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-253114
		FILM NUMBER:		211406632

	BUSINESS ADDRESS:	
		STREET 1:		200 CLARENDON STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		857-264-7035

	MAIL ADDRESS:	
		STREET 1:		200 CLARENDON STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMCI Acquisition Corp.
		DATE OF NAME CHANGE:	20180622
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>brhc10030823_424b3.htm
<DESCRIPTION>424B3
<TEXT>
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        <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Filed Pursuant to Rule 424(b)(3)</div>
        <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Registration No. 333-253114</div>
        <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><br>
        </div>
      </div>
      <div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">PROSPECTUS SUPPLEMENT NO. 15</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">(to Prospectus dated March 30, 2021)</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
      </div>
      <div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Primary Offering Of</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">26,392,355 Shares of Common Stock</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><br>
        </div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Secondary Offering of</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">23,210,601 Shares of Common Stock</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">4,340,278 Warrants to Purchase Common Stock</div>
      </div>
      <div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">This prospectus supplement amends and supplements the prospectus dated March 30, 2021 (as supplemented or amended from time to time, the &#8220;Prospectus&#8221;), which forms a part of our
          Registration Statement on Form S-1 (No. 333-253114). This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in our (i) Quarterly Report on Form 10-Q for the period ended
          September 30, 2021 (the &#8220;Quarterly Report&#8221;), and (ii) Current Report on Form 8-K/A (Amendment No. 2) (the &#8220;Current Report&#8221;), each filed with the Securities and Exchange Commission on November 15, 2021. Accordingly, we have attached the Quarterly
          Report and the Current Report to this prospectus supplement.</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">The Prospectus and this prospectus supplement relate to the issuance by us of up to an aggregate of (i) 22,052,077 shares of our common stock that may be issued upon exercise of
          warrants to purchase common stock at an exercise price of $11.50 per share (the &#8220;public warrants&#8221;) issued by AMCI Acquisition Corp. (&#8220;AMCI&#8221;) in its initial public offering; (ii) 3,940,278 shares of our common stock that may be issued upon
          exercise of placement warrants at an exercise price of $11.50 per share that were originally sold to AMCI Sponsor LLC (the &#8220;Sponsor&#8221;) in a private placement consummated simultaneously with AMCI&#8217;s IPO (the &#8220;placement warrants&#8221;); and (iii) up to an
          aggregate of 400,000 shares of our common stock that may be issued upon the exercise of the working capital warrants at an exercise price of $11.50 per share that were issued to the Sponsor in connection with loans made by it to AMCI prior to the
          closing of the Business Combination (as defined below), (the &#8220;working capital warrants&#8221; and, together with the placement warrants and the public warrants, the &#8220;warrants&#8221;).</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">The Prospectus and this prospectus supplement also relate to the offer and sale, from time to time, by the selling securityholders named in the Prospectus (the &#8220;Selling
          Securityholders&#8221;), or any of their permitted transferees, of (i) up to an aggregate of 6,500,000 shares of our common stock that were issued to certain investors (collectively, the &#8220;PIPE Investors&#8221;) in a private placement in connection with the
          closing of the Business Combination; (ii) up to an aggregate of 12,370,323 shares of our common stock otherwise held by the Selling Securityholders; (iii) up to an aggregate of 3,940,278 shares of our common stock that may be issued upon exercise
          of the placement warrants held by the Selling Securityholders; (iv) up to an aggregate of 400,000 shares of our common stock that may be issued upon the exercise of the working capital warrants held by the Selling Securityholders and (v) up to an
          aggregate of 3,940,278 placement warrants and 400,000 working capital warrants held by the Selling Securityholders, as further described in the Prospectus. The Prospectus and this prospectus supplement also cover any additional securities that
          may become issuable by reason of share splits, share dividends or other similar transactions.</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Our common stock and warrants are listed on Nasdaq under the symbols &#8220;ADN&#8221; and &#8220;ADNWW&#8221;, respectively. On November 12, 2021, the closing price of our common stock was $9.26 per share
          and the closing price of our warrants was $1.74 per share.</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the
          Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement,
          you should rely on the information in this prospectus supplement.</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman';"><br>
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        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Investing in our securities involves risks that are described in the <font style="font-style: italic;">&#8220;Risk Factors&#8221;</font> section beginning on page 12 of the
          Prospectus.</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Neither the SEC nor any state securities commission has approved or disapproved of the securities to be issued under the Prospectus or determined if the Prospectus
          or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.</div>
        <div><br>
        </div>
      </div>
      <div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">The date of this prospectus supplement is November 15, 2021.</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><br>
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                <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
                <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
                <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, DC 20549</div>
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                <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 10-Q</div>
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                </div>
                <div>&#160;</div>
                <div style="font-weight: bold;">(Mark One)</div>
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                      <td style="width: 24.5pt; vertical-align: top;">&#9746;<br>
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                      <td style="width: auto; vertical-align: top;">
                        <div style="font-weight: bold;">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
                      </td>
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                <div>&#160;</div>
                <div style="text-align: center; font-weight: bold;">For the quarterly period ended September 30, 2021</div>
                <div>&#160;</div>
                <div style="text-align: center; font-weight: bold;">OR</div>
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                      <td style="width: 24.5pt; vertical-align: top;">&#9744;<br>
                      </td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="font-weight: bold;">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
                      </td>
                    </tr>

                </table>
                <div>&#160;</div>
                <div style="text-align: center; font-weight: bold;">For the transition period from <font style="text-decoration: underline;">&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; </font> to <font style="text-decoration: underline;">&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; </font></div>
                <div>&#160;</div>
                <div style="text-align: center; font-weight: bold;">Commission File Number: 001-38742<br>
                  <br>
                </div>
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                <div>&#160;</div>
                <div style="text-align: center; font-size: 24pt; font-weight: bold;">Advent Technologies Holdings, Inc.<br>
                </div>
                <div style="text-align: center; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
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                  <div style="text-align: center; margin-right: 216pt; margin-left: 216pt;"> <br>
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                  <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 22%; color: #000000; text-align: center; margin-left: auto; margin-right: auto;"></div>
                <div><br>
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                        <div style="text-align: center; font-weight: bold;">Delaware<br>
                        </div>
                      </td>
                      <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
                      <td style="width: 49%; vertical-align: top;">
                        <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">83-0982969<br>
                        </div>
                      </td>
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                      <td style="width: 49%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">(State or other jurisdiction of incorporation or organization)</div>
                      </td>
                      <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
                      <td style="width: 49%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">(I.R.S. Employer Identification Number)</div>
                      </td>
                    </tr>

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                <div> <br>
                </div>
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                      <td style="width: 49%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">200 Clarendon Street<br>
                        </div>
                        <div style="text-align: center; font-weight: bold;">Boston, Massachusetts</div>
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                      <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
                      <td style="width: 49%; vertical-align: bottom;">
                        <div style="text-align: center; font-weight: bold;">02116<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">(Address of principal executive offices)</div>
                      </td>
                      <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
                      <td style="width: 49%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">(Zip code)</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="text-align: center; font-weight: bold;">(617) 655-6000</div>
                <div style="text-align: center; font-weight: bold;">
                  <div>(Registrant&#8217;s telephone number, including area code)<br>
                  </div>
                  <div><br>
                  </div>
                  <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 22%; color: #000000; margin-left: auto; margin-right: auto;"></div>
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                  <div style="text-align: center; margin-right: 216pt; margin-left: 216pt;"> <br>
                  </div>
                </div>
                <div style="text-align: center; font-weight: bold;">Securities registered pursuant to Section 12(b) of the Act:</div>
                <div><br>
                </div>
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                      <td style="width: 32%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                        <div style="text-align: center; font-weight: bold;">Title of each class</div>
                      </td>
                      <td style="width: 1%; vertical-align: top;">&#160;</td>
                      <td style="width: 32%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; font-weight: bold;">Trading Symbol(s)</div>
                      </td>
                      <td style="width: 1%; vertical-align: top;">&#160;</td>
                      <td style="width: 34%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                        <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 32%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; font-weight: bold;">Common Stock, par value $0.0001 per share<br>
                        </div>
                      </td>
                      <td style="width: 1%; vertical-align: top;">&#160;</td>
                      <td style="width: 32%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; font-weight: bold;">ADN<br>
                        </div>
                      </td>
                      <td style="width: 1%; vertical-align: top;">&#160;</td>
                      <td style="width: 34%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; font-weight: bold;">The Nasdaq Global Market<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 32%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">Warrants<br>
                        </div>
                      </td>
                      <td style="width: 1%; vertical-align: top;">&#160;</td>
                      <td style="width: 32%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">ADNWW<br>
                        </div>
                      </td>
                      <td style="width: 1%; vertical-align: top;">&#160;</td>
                      <td style="width: 34%; vertical-align: top;">
                        <div style="text-align: center; font-weight: bold;">The Nasdaq Global Market<br>
                        </div>
                      </td>
                    </tr>

                </table>
                <div>
                  <div><br>
                  </div>
                  <div>
                    <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 22%; color: #000000; text-align: center; margin-left: auto; margin-right: auto;"></div>
                </div>
                <div style="text-indent: 24.5pt;"> <br>
                </div>
                <div style="text-indent: 36pt;">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter
                  period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.&#160; &#160;&#160; Yes&#160; &#9746;&#160; &#160; No&#160; &#9744;</div>
                <div>&#160;</div>
                <div style="text-indent: 36pt;">Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (&#167; 232.405 of this chapter) during the
                  preceding 12 months (or for such shorter period that the registrant was required to submit such files).&#160; &#160; Yes&#160; &#9746;&#160; &#160; No&#160; &#9744;</div>
                <div style="text-indent: 36pt;">&#160;</div>
                <div style="text-indent: 36pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of
                  &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" border="0" id="z3d498b9bd23544fa8b92b9e261cdc27e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                    <tr>
                      <td style="width: 24%; vertical-align: bottom;">
                        <div>Large accelerated filer</div>
                      </td>
                      <td style="width: 50%; vertical-align: bottom;">
                        <div>&#9744;</div>
                      </td>
                      <td style="width: 24%; vertical-align: bottom;">
                        <div>Accelerated filer</div>
                      </td>
                      <td style="width: 2%; vertical-align: bottom;">
                        <div>&#9744;</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 24%; vertical-align: bottom;">
                        <div>Non-accelerated filer<br>
                        </div>
                      </td>
                      <td style="width: 50%; vertical-align: bottom;">
                        <div>&#9746;</div>
                      </td>
                      <td style="width: 24%; vertical-align: bottom;">
                        <div>Smaller reporting company</div>
                      </td>
                      <td style="width: 2%; vertical-align: bottom;">
                        <div>&#9746;<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 24%; vertical-align: bottom;">&#160;</td>
                      <td style="width: 50%; vertical-align: bottom;">&#160;</td>
                      <td style="width: 24%; vertical-align: bottom;">
                        <div>Emerging growth company</div>
                      </td>
                      <td style="width: 2%; vertical-align: bottom;">
                        <div>&#9746;<br>
                        </div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="text-indent: 36pt;">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.&#160; &#9744;</div>
                <div style="text-indent: 36pt;">&#160;</div>
                <div style="text-indent: 36pt;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&#160; &#160; Yes&#160; &#9744;&#160; &#160; No&#160; &#9746;</div>
                <div style="text-indent: 36pt;">&#160;</div>
                <div style="text-indent: 36pt;">As of November 15, 2021, the registrant had 51,253,591 shares of common stock, par value $0.0001 per share, issued and outstanding.</div>
                <div style="text-indent: 24.5pt;"> <br>
                </div>
                <div>
                  <div>
                    <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
                </div>
                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageBreak" style="page-break-after:always;">
                    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                </div>
                <!--PROfilePageNumberReset%LCR%1%%%-->
                <div>
                  <div style="text-align: center; font-weight: bold;">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>
                  <div> <br>
                    </div>
                  <div style="text-align: justify;">This Quarterly Report on Form 10-Q contains forward-looking statements, which reflect our current views with respect to, among other things, our operations
                    and financial performance. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations and financial position, business
                    strategy and plans and our objectives for future operations, are forward-looking statements. The words &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;expect,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;target,&#8221; &#8220;predict,&#8221; &#8220;seek&#8221;
                    and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may
                    affect our financial condition, results of operations, business strategy, short- and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and
                    assumptions, including those referenced in the section titled &#8220;Risk Factors&#8221; in this Quarterly Report on Form 10-Q and in our 2020 Annual Report on Form 10-K which could cause actual results to differ materially. Moreover, we operate in
                    a very competitive and rapidly changing environment and new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which
                    any factor, or combination of factors, may cause actual results to differ materially from those contained in or implied by any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the
                    forward-looking events and circumstances discussed in this Quarterly Report on Form 10-Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.</div>
                  <div> <br>
                    </div>
                  <div>Some of the key factors that could cause actual results to differ include:</div>
                  <div><br>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="ze5de2dfbb6a34ec2a025c7500ef9fbd0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to maintain the listing of our shares of common stock and warrants on Nasdaq;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z1247983e2a0c43ae82fcdd4def369597" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to raise financing in the future;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z6892766d7c634962abf370c25f31a013" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our success in retaining or recruiting officers, key employees or directors;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z4ab883c61f2b41ccb357b186e29d83f1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>factors relating to our business, operations and financial performance, including:</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z98474b05dc0a4c62a516df6708ffe3ad" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to control the costs associated with our operations;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z4550ced6e30f4c30ad914cea956c08df" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to grow and manage growth profitably;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="zf86dc2574b19419ca8c90303c2a8facf" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our reliance on complex machinery for our operations and production;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z6d2b77b2a86547869efd598f2f11f744" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>the market&#8217;s willingness to adopt our technology;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z930dcc0b8d9d4be69d97e598b8284a0c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to maintain relationships with customers;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z32fc6c2b8fd84fe284c3bc348b8c995a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>the potential impact of product recalls;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z73914c31b8974c1fa2ae215c2c8e57e0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to compete within our industry;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="zde7458c5d00c412eac2d7f49bf74133e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>increases in costs, disruption of supply or shortage of raw materials;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z076f8d56147f4c779edd0d56ad53b8e6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>risks associated with strategic alliances or acquisitions, including the acquisition of SerEnergy A/S, a Danish stock corporation (&#8220;SerEnergy&#8221;) and fischer eco solutions GmbH, a German limited liability company (&#8220;FES&#8221;),
                            former wholly-owned subsidiaries of F.E.R. fischer Edelstahlrohre GmbH, completed on August 31, 2021;</div>
                        </td>
                      </tr>

                  </table>
                  <div> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">i</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="z80125aaf706145a49b8c4553a98d6ded" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>the impact of unfavorable changes in U.S. and international regulations;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z7357cb2a22414621ada482284b4f6ccc" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>the availability of and our ability to meet the terms and conditions for government grants and economic incentives; and</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z056951f11bcb4a56b56dd86e30c11c16" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 54pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">o</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>our ability to protect our intellectual property rights;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z4a6ea581d948438fa8ff37b3829cad74" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>market conditions and global and economic factors beyond our control, including the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment
                            and our liquidity, operations and personnel;</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z9b0894bd954f4c4581aa5a6f21c16012" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>volatility of our stock price and potential share dilution; and</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="zaddfaabbad174d05a0d2ddbc1379ce58" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                      <tr>
                        <td style="width: 18pt; font-size: 10pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top; font-size: 10pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; font-size: 10pt;">
                          <div>future exchange and interest rates.</div>
                        </td>
                      </tr>

                  </table>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div style="text-align: justify;">The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report. You should not rely upon
                    forward-looking statements as predictions of future events. We cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur.
                    Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason after the
                    date of this Quarterly Report on Form 10-Q to conform these statements to actual results or reflect interim developments.</div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">ii</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                  </div>
                  <!--PROfilePageNumberReset%Num%1%%%-->
                  <div style="text-align: center; margin-top: 10pt; font-weight: bold;">EXPLANATORY NOTE</div>
                  <div> <br>
                    </div>
                  <div style="text-align: justify;">This Quarterly Report on Form 10-Q contains our unaudited condensed consolidated financial statements for the three- and nine-month periods ended September
                    30, 2021.</div>
                  <div style="text-align: justify;"> <br>
                    </div>
                  <div style="text-align: justify;">We were originally incorporated in Delaware on June 18, 2018 under the name &#8220;AMCI Acquisition Corp.&#8221; as a special purpose acquisition company formed for
                    the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target businesses. On November 20, 2018, we consummated our initial
                    public offering (the &#8220;Initial Public Offering&#8221;), following which our shares began trading on the Nasdaq Global Market (&#8220;Nasdaq&#8221;).</div>
                  <div style="text-align: justify;"> <br>
                    </div>
                  <div style="text-align: justify;">On February 4, 2021, we consummated the previously announced business combination (the &#8220;Business Combination&#8221;) pursuant to that certain Agreement and Plan
                    of Merger, dated October 12, 2020, by and among AMCI Acquisition Corp. (the &#8220;Company&#8221;), AMCI Merger Sub Corp., a Delaware corporation and newly formed wholly-owned subsidiary of the Company (&#8220;Merger Sub&#8221;), AMCI Sponsor LLC (the
                    &#8220;Sponsor&#8221;), solely in the capacity as the representative from and after the effective time of the Business Combination (as defined below) (the &#8220;Effective Time&#8221;) for the stockholders of the Company (other than the Advent stockholders)
                    (the &#8220;Purchaser Representative&#8221;), Advent Technologies, Inc., a Delaware corporation (&#8220;Advent&#8221;), and Vassilios Gregoriou, solely in his capacity as the representative from and after the Effective Time for the Advent stockholders (the
                    &#8220;Seller Representative&#8221;), as amended by Amendment No. 1 and Amendment No. 2 to the Agreement and Plan of Merger (the &#8220;Amendments&#8221; and as amended, the &#8220;Merger Agreement&#8221;), dated as of October 19, 2020 and December 31, 2020, respectively,
                    by and among the Company, Merger Sub, Sponsor, Advent, and Seller Representative. In connection with the closing of the Business Combination (the &#8220;Closing&#8221;), we acquired 100% of the stock of Advent (as it existed immediately prior to
                    the Closing) and its subsidiaries, changed our name from &#8220;AMCI Acquisition Corp.&#8221; to &#8220;Advent Technologies Holdings, Inc.&#8221; and changed the trading symbols of our common stock and warrants on Nasdaq from &#8220;AMCI&#8221; and &#8220;AMCIW&#8221; to &#8220;ADN&#8221; and
                    &#8220;ADNWW,&#8221; respectively.</div>
                  <div style="text-align: justify;"> <br>
                    </div>
                  <div style="text-align: justify;">For accounting purposes, the Business Combination is treated as a reverse acquisition and recapitalization, in which Advent is considered the accounting
                    acquirer (and legal acquiree) and the Company is considered the accounting acquiree (and legal acquirer). Additionally, unless otherwise stated or the context indicates otherwise, with respect to the financial information contained in
                    this Quarterly Report on Form 10-Q, including in &#8220;Part I, Item 1. Unaudited Condensed Consolidated Financial Statements&#8221; and the notes thereto and in &#8220;Part I, Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and
                    Results of Operations,&#8221; the financial information relating to the three and nine months ended September 30, 2020 are those of Advent and its subsidiaries; the financial information relating to the three months ended September 30, 2021,
                    are those of the Company and its subsidiaries; and the financial information relating to the nine months ended September 30, 2021, are those of Advent and its subsidiaries for the period prior to the Closing and the financial
                    information of the Company and its subsidiaries for the period subsequent to the Closing. See Note 1 &#8220;Basis of Presentation&#8221; in the accompanying unaudited condensed consolidated financial statements for additional information.</div>
                  <div> <br>
                    </div>
                  <div style="text-align: justify;">Unless the context indicates otherwise, the terms &#8220;Advent,&#8221; the &#8220;Company,&#8221; we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; refer to Advent Technologies Holdings, Inc. and its
                    subsidiaries taken as a whole.</div>
                </div>
                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; font-size: 9pt; color: rgb(0, 0, 0);">
              <div>
                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">1</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                </div>
                <div style="text-align: center; font-size: 10pt; font-weight: bold;">Advent Technologies Holdings, Inc.</div>
                <div style="text-align: center; font-size: 10pt; font-weight: bold;"><a name="TableofContents"><!--Anchor--></a><!--Anchor--><!--Anchor-->Table of
                  <!--Anchor-->Contents<!--Anchor--></div>
                <div style="text-align: center; font-size: 10pt; font-weight: bold;"> <br>
                </div>
                <table cellspacing="0" cellpadding="0" border="0" id="z45d29c8b3d1346daad43211ad67e934e" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                    <tr>
                      <td style="width: 6%; vertical-align: bottom; font-size: 10pt; padding-bottom: 2px;">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; padding-bottom: 2px;">&#160;</td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0);">
                        <div style="text-align: center; font-weight: bold;">Page</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="vertical-align: bottom; font-size: 10pt;" colspan="3" rowspan="1">
                        <div style="text-align: center; font-weight: bold;">PART I&#8212;FINANCIAL INFORMATION</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: middle; font-size: 10pt;">&#160;</td>
                      <td style="width: 89%; vertical-align: middle; font-size: 10pt;">&#160;</td>
                      <td style="width: 5%; vertical-align: middle; font-size: 10pt; text-align: center;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Item 1.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div><!--Anchor-->Unaudited Condensed Consolidated Financial Statements</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); text-align: center; white-space: nowrap;">3</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>Unaudited Condensed Consolidated Balance Sheets</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; text-align: center; white-space: nowrap;">3</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>
                          <div>Unaudited Condensed Consolidated Statements of Operations</div>
                        </div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); text-align: center; white-space: nowrap;">4</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>Unaudited Condensed Consolidated Statements of Comprehensive Income / (Loss)</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; white-space: nowrap;">
                        <div style="text-align: center;">5<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Unaudited Condensed Consolidated Statements of Changes in Stockholders&#8217; Equity / (Deficit)</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); text-align: center; white-space: nowrap;">6</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>
                          <div>Unaudited Condensed Consolidated Statements of Cash Flows</div>
                        </div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; white-space: nowrap;">
                        <div style="text-align: center;">10<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div><!--Anchor-->Notes to Unaudited Condensed Consolidated Financial Statements</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); white-space: nowrap;">
                        <div style="text-align: center;">11<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">
                        <div>Item 2.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; white-space: nowrap;">
                        <div style="text-align: center;">28</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Item 3.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Quantitative and Qualitative Disclosures About Market Risk</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); white-space: nowrap;">
                        <div style="text-align: center;">46</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">
                        <div>Item 4.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>Controls and Procedures</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; white-space: nowrap;">
                        <div style="text-align: center;">47</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); text-align: center;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="vertical-align: bottom; font-size: 10pt;" colspan="3">
                        <div style="text-align: center; font-weight: bold;">PART II&#8212;OTHER INFORMATION</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: middle; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 89%; vertical-align: middle; font-size: 10pt; background-color: rgb(204, 238, 255);">&#160;</td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); text-align: center;">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">
                        <div>Item 1.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>Legal Proceedings</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; white-space: nowrap;">
                        <div style="text-align: center;">49<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Item 1A.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Risk Factors</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); text-align: center; white-space: nowrap;">49</td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt;">
                        <div>Item 2.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt;">
                        <div>Unregistered Sales of Equity Securities and Use of Proceeds</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; white-space: nowrap;">
                        <div style="text-align: center;">49<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 6%; vertical-align: top; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Item 3.</div>
                      </td>
                      <td style="width: 89%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255);">
                        <div>Exhibits</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; background-color: rgb(204, 238, 255); white-space: nowrap;">
                        <div style="text-align: center;">50<br>
                        </div>
                      </td>
                    </tr>
                    <tr>
                      <td style="vertical-align: top; font-size: 10pt;" colspan="2">
                        <div>Signatures</div>
                      </td>
                      <td style="width: 5%; vertical-align: bottom; font-size: 10pt; text-align: center; white-space: nowrap;">51</td>
                    </tr>

                </table>
                <div> <br>
                </div>
                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>
              </div>
              <div><font style="font-size: 10pt;"> </font></div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                <div style="text-align: center; font-weight: bold;">PART I&#8212;FINANCIAL INFORMATION</div>
                <div>&#160;</div>
                <div> <a name="UnauditedCondensedConsoli"><!--Anchor--></a>
                  <table cellspacing="0" cellpadding="0" id="za927724819494e5aa4132be3c4c7a819" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

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                        <td style="vertical-align: top; width: 45pt;">
                          <!--Anchor-->
                          <div style="font-weight: bold;">Item 1.</div>
                        </td>
                        <td style="align: left; vertical-align: top; width: auto;">
                          <div style="font-weight: bold;">Unaudited Condensed Consolidated Financial Statements</div>
                        </td>
                      </tr>

                  </table>
                </div>
                <div>&#160;</div>
                <div style="text-align: center; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                <div style="text-align: center; font-weight: bold;">CONDENSED CONSOLIDATED
                  <!--Anchor--><a name="BALANCESHEETS"><!--Anchor--></a>BALANCE SHEETS</div>
                <div> <br>
                </div>
                <table cellspacing="0" cellpadding="0" id="z9b7e75004d9b438085e124eb2c0bacc0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" class="cfttable">

                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; padding-bottom: 2px;">&#160;</td>
                      <td valign="bottom" style="text-indent: -9pt; text-align: center; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; text-align: center; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="6"><font style="font-weight: bold;"> As of</font><br>
                      </td>
                      <td valign="bottom" style="text-indent: -9pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">
                        <div style="font-weight: bold; text-indent: -9pt; margin-left: 9pt;">ASSETS</div>
                      </td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="2">
                        <div style="text-align: center;">September 30, 2021</div>
                        <div style="text-indent: -9pt; text-align: center; font-weight: normal;">(Unaudited)</div>
                      </td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="2">
                        <div style="text-align: center;">December 31,</div>
                        <div style="text-align: center;">2020</div>
                      </td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Current assets:</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Cash and cash equivalents</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">92,492,367</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">515,734</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Accounts receivable</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">5,569,801</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">421,059</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Due from related parties</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">67,781</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Contract assets</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">936,259</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">85,930</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Inventories</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">5,598,574</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">107,939</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Prepaid expenses and Other current assets</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">3,767,096</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">496,745</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Total current assets</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">108,364,097</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">1,695,188</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;" rowspan="1"><font style="font-weight: bold;">Non-current assets:</font><br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Goodwill and intangibles, net</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">54,281,798</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Property and equipment, net</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">7,883,042</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">198,737</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: rgb(204, 238, 255);" rowspan="1">
                        <div style="margin-left: 9pt;">Other non-current assets</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">2,155,156</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">136</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;" rowspan="1">
                        <div style="margin-left: 9pt;">Deferred tax assets<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">1,279,969<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;" rowspan="1">Total non-current assets</td>
                      <td valign="bottom" style="text-align: right; font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">65,599,965</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">198,873</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Total assets</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">173,964,062</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">1,894,061</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="font-weight: bold; text-indent: -9pt; margin-left: 9pt;">LIABILITIES AND STOCKHOLDERS&#8217; EQUITY/(DEFICIT)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Current liabilities:</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Trade and other payables</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">5,522,624</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">881,394</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Due to related parties</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">30,000</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">1,114,659</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Deferred income from grants, current</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">1,098,019</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">158,819</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Contract liabilities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">28,832</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">167,761</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Other current liabilities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">7,595,619</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">904,379</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Income tax payable</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">1,135,199</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">201,780</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="font-weight: bold;">Total current liabilities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">15,410,293</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">3,428,792</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; width: 76%;" rowspan="1">Non-current liabilities:</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Warrant liability</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">17,282,987</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;" rowspan="1">
                        <div style="margin-left: 9pt;">Deferred tax liabilities<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">3,756,859</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Deferred income from grants, non-current</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">171,995</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">182,273</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Other long-term liabilities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">1,209,336</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">76,469</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;" rowspan="1">Total non-current liabilities</td>
                      <td valign="bottom" style="text-align: right; font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">22,421,177</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">258,742</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Total liabilities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">37,831,470</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">3,687,534</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Commitments and contingent liabilities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Stockholders&#8217; equity / (deficit)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Common stock ($0.0001 par value per share; Shares authorized: 110,000,000 at September 30, 2021 and December 31, 2020; Issued and outstanding: 51,253,591 and 25,033,398 at September
                          30, 2021 and December 31, 2020, respectively)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">5,125</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">2,503</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Preferred stock ($0.0001 par value per share; Shares authorized: 1,000,000 at September 30, 2021 and December 31, 2020; nil issued and outstanding at September 30, 2021 and December
                          31, 2020</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Additional paid-in capital</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">161,263,673</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">10,993,762</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Accumulated other comprehensive (loss) / income</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(717,328</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">111,780</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 18pt;">Accumulated deficit</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(24,418,878</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(12,901,518</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Total stockholders&#8217; equity / (deficit)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">136,132,592</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(1,793,473</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Total liabilities and stockholders&#8217; equity / (deficit)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">173,964,062</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">1,894,061</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">See accompanying notes to unaudited condensed consolidated financial statements.</div>
                <div><br>
                </div>
                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
                  <div class="DSPFPageBreak" style="page-break-after:always;">
                    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
              <div>
                <div>
                  <div style="text-align: center; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                  <div style="text-align: center; font-weight: bold;">CONDENSED CONSOLIDATED <a name="STATEMENTSOFOPERATIONS"><!--Anchor--></a>STATEMENTS OF
                    <!--Anchor-->OPERATIONS</div>
                  <div style="text-align: center; font-weight: bold;"><br>
                  </div>
                  <div style="text-align: center;"><font style="font-weight: bold;">(All amounts in USD, except for number of shares) </font> </div>
                  <div><br>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="zac4ce42baca94c9f938045e9ddf380f4" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" class="cfttable">

                      <tr>
                        <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">
                          <div style="text-indent: -9pt; margin-left: 9pt;">&#8203;</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="6">
                          <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">Three months ended September 30, <br>
                            <div style="font-weight: normal;">(Unaudited)</div>
                          </div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="6">
                          <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">Nine months ended September 30, <br>
                            <div style="font-weight: normal;">(Unaudited)</div>
                          </div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle;">
                          <div style="text-indent: -9pt; margin-left: 9pt;">&#8203;</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom;" colspan="2">
                          <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">2021<br>
                          </div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom;" colspan="2">
                          <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">2020<br>
                          </div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: center; font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: center; vertical-align: bottom; font-weight: bold; white-space: nowrap;" colspan="2">2021 <br>
                        </td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: center; font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: center; vertical-align: bottom; font-weight: bold; white-space: nowrap;" colspan="2">2020 <br>
                        </td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 9pt;">Revenue, net</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">$</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">1,673,998</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">$</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">225,412</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">4,166,754</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">526,032</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -9pt; margin-left: 9pt;">Cost of revenues</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(1,645,781</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(90,477</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">(2,662,476</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">(374,430</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Gross profit <br>
                          </div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">28,217</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">134,934</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">1,504,278</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">151,602</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Income from grants<br>
                          </div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">507,606</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">16,076</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">631,787</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">159,182</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Research and development expenses</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(893,215</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(37,640</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(1,561,049</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(81,273</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Administrative and selling expenses</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(13,040,649</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(886,629</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">(27,558,242</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">(1,641,063</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Amortization of intangibles</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(309,734</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">-</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(467,447</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">-</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Operating loss</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">(13,707,773</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">(773,258</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">(27,450,673</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">(1,411,552</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Finance costs</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(13,542</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(1,712</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(26,961</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(4,749</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Fair value change of warrant liability</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">2,421,874</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">-</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">15,833,334</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">-</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Foreign exchange differences, net</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(15,256</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(8,005</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(2,141</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(26,584</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Other (expenses) / income, net<br>
                          </div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">(15,960</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">31,058</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">78,146</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">24,848</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Loss before income tax</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">(11,330,657</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">(751,917</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(11,568,295</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(1,418,037</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -9pt; margin-left: 18pt;">Income tax<br>
                          </div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">50,935</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp;">3,101</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">50,935</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">-</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
                          <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Net loss</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">(11,279,722</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">(748,816</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(11,517,360</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(1,418,037</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;" rowspan="1"><font style="font-weight: bold;">Net loss per share</font><br>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="font-weight: bold; text-indent: -9pt; margin-left: 18pt;">Basic loss per share<br>
                          </div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">(0.23</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">(0.03</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(0.26</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(0.07</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="font-weight: bold; text-indent: -9pt; margin-left: 18pt;">Basic weighted average number of shares<br>
                          </div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">48,325,164</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1"><font style="font-weight: bold;">23,182,817</font></td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">43,982,039</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">21,180,639</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="font-weight: bold; text-indent: -9pt; margin-left: 18pt;">Diluted loss per share</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">(0.23</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">(0.03</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(0.26</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(0.07</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="font-weight: bold; text-indent: -9pt; margin-left: 18pt;">Diluted weighted average number of shares</div>
                        </td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;">48,325,164</div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                          <div style="font-family: &#38;amp; font-weight: bold;"><font style="font-weight: bold;">23,182,817</font></div>
                        </td>
                        <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">43,982,039</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">21,180,639</td>
                        <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">See accompanying notes to unaudited condensed consolidated financial statements.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
              <div>
                <div style="text-align: center; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                <div style="text-align: center; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF
                  <!--Anchor--><a name="COMPREHENSIVEINCOME"><!--Anchor--></a>COMPREHENSIVE INCOME / (LOSS)</div>
                <div style="text-align: center; font-weight: bold;"><br>
                </div>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" id="z853de1fbd0f74e87807cb2ba4721a634" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" class="cfttable">

                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" rowspan="1"><br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="6">
                        <div style="text-align: center; font-weight: bold;">Three months ended September 30, <br>
                          <div style="font-weight: bold;">(Unaudited)</div>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; font-weight: bold; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; font-weight: bold; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="6">Nine months ended September 30,
                        <div style="font-weight: bold;">(Unaudited)</div>
                      </td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom;" rowspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">
                        <div style="text-align: center; font-weight: bold;">2021<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">
                        <div style="text-align: center; font-weight: bold;">2020<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; font-weight: bold; white-space: nowrap;" colspan="2">2021</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; font-weight: bold; white-space: nowrap;" colspan="2">2020 <br>
                      </td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                        <div>Net loss</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(11,279,722</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(748,816</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(11,517,360</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(1,418,037</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; width: 52%;">
                        <div>Other comprehensive income / (loss), net of tax effect:</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div>Foreign currency translation adjustment</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div>(540,871</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div>)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div>(2,042</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div>)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(829,108</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(13,544</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
                        <div style="font-weight: bold;">Total other comprehensive loss</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(540,871</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(2,042</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">(829,108</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">)</td>
                      <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">(13,544</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">)</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
                        <div style="font-weight: bold;">Comprehensive loss</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(11,820,594</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(750,858</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(12,346,468</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                      <td valign="bottom" style="font-weight: bold; text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">(1,431,581</td>
                      <td valign="bottom" style="font-weight: bold; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">)</td>
                    </tr>

                </table>
                <div>
                  <div><br>
                  </div>
                  <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">See accompanying notes to unaudited condensed consolidated financial statements.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <!--PROfilePageNumberReset%Num%6%%%--> </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
              <div>
                <div style="text-align: center; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                <div style="text-align: center; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF <a name="CHANGESINSTOCKHOLDERSEQUI"><!--Anchor--></a>CHANGES IN STOCKHOLDERS&#8217;
                  <!--Anchor-->EQUITY / (DEFICIT)</div>
                <div style="text-align: center; font-weight: bold;"><br>
                </div>
                <div style="text-align: center; font-weight: bold;">(All amounts in USD, except for number of shares)</div>
                <div style="text-align: center; font-weight: bold;">
                  <div style="font-weight: bold;"><br>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="z756dbd03692c4e4fae0e8de42ae24a24" class="cfttable" style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                        <td valign="bottom" colspan="38" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Three Months Ended September 30, 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Preferred<br>
                            Stock Series A<br>
                            Shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Preferred Stock<br>
                            Series Seed<br>
                            Shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Common Stock<br>
                            Shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Additional Paid-in<br>
                            Capital</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Accumulated<br>
                            Deficit</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Accumulated<br>
                            OCI</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Total Stockholders'<br>
                            (Deficit) Equity</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">&#160;</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #CCEEFF;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance as of June 30, 2021 (Unaudited)<br>
                          </div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">46,128,745</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">4,613</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">119,964,708</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(13,139,155</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(176,457</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">106,653,709</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%;">
                          <div style="color: rgb(0, 0, 0);">Share capital increase (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">5,124,846</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">512</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">37,923,348</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">37,923,860</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #CCEEFF;">
                          <div style="color: rgb(0, 0, 0);">Stock based compensation expense (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">3,375,616</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">3,375,616</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%;">
                          <div style="color: rgb(0, 0, 0);">Net loss (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(11,279,722</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(11,279,722</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
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                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="color: rgb(0, 0, 0);">Other comprehensive loss (Unaudited)</div>
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                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(540,871</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(540,871</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 4px;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance as of September 30, 2021 (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">51,253,591</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">5,125</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;"><font style="font-weight: bold;">$</font>
                          <br>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">161,263,673</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;"><font style="font-weight: bold;">$</font>
                          <br>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(24,418,878</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(717,328</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">136,132,592</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                </div>
                <div style="font-weight: bold;">
                  <div style="font-style: italic; font-weight: normal; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none; text-align: center;">See
                    accompanying notes to unaudited condensed consolidated financial statements</div>
                  <div style="font-style: italic; font-weight: normal; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                </div>
                <table cellspacing="0" cellpadding="0" id="z5e815f198e554273bd04c138b01c5389" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" class="cfttable">

                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; text-align: center; padding-bottom: 2px;" rowspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1" rowspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="38" rowspan="1"><font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Nine Months Ended
                          September 30, 2021</font> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1" rowspan="1">&#160;</td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; text-align: center;">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Preferred </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Stock<br>
                          Series A </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Shares</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Preferred</div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Stock</div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;"> Series Seed </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Shares</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Common</div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Stock </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Shares</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Additional Paid-in</div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Capital</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="font-weight: bold;">Accumulated</div>
                        <font style="font-weight: bold;"> </font>
                        <div style="font-weight: bold;">Deficit</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="font-weight: bold;">Accumulated</div>
                        <font style="font-weight: bold;"> </font>
                        <div style="font-weight: bold;">OCI</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="font-weight: bold;">Total Stockholders'</div>
                        <font style="font-weight: bold;"> </font>
                        <div style="font-weight: bold;">(Deficit) Equity</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; white-space: nowrap;">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Balance as of December 31, 2020</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">844,037</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">845</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">2,095,592</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">2,096</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">3,017,057</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">3,017</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">10,990,307</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">(12,901,518</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">111,780</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">(1,793,473</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                      </td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Retroactive application of recapitalization (Unaudited)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(844,037</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(845</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(2,095,592</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(2,096</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">22,016,341</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(514</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">3,455</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Adjusted balance, beginning of period (Unaudited)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">25,033,398</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">2,503</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">10,993,762</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(12,901,518</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
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                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">111,780</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(1,793,473</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Business combination and PIPE financing (Unaudited)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">21,072,549</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">2,107</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">108,005,876</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">108,007,984</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #CCEEFF;" rowspan="1">Share capital increase from warrants exercise (Unaudited)<br>
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                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">22,798</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF;" rowspan="1" colspan="1">2</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">262,175</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">262,177</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%;" rowspan="1">Share capital increase (Unaudited)<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" rowspan="1" colspan="1">&#160;-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" rowspan="1" colspan="1">-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">- <br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">5,124,846<br>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" rowspan="1" colspan="1">512<br>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">37,923,348 <br>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">37,923,860 <br>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: rgb(204, 238, 255);" rowspan="1">Stock based compensation expense (Unaudited)<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">4,078,513</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">4,078,513</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
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                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Net loss (Unaudited)</div>
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                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(11,517,360</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(11,517,360</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 2px; background-color: rgb(204, 238, 255);"> Other comprehensive loss (Unaudited)<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(829,108</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(829,108</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 4px;">
                        <div style="font-weight: bold; text-indent: -9pt; margin-left: 9pt;">Balance as of September 30, 2021 (Unaudited)<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">51,253,591</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">5,125</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">161,263,673</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">$<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">(24,418,878</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">$<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">(717,328</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">)</div>
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                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">$<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-weight: bold;">136,132,592</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>

                </table>
                <div>
                  <div style="text-align: center; font-style: italic;"> <br>
                  </div>
                  <div style="text-align: center; font-style: italic; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">See
                    accompanying notes to unaudited condensed consolidated financial statements<br>
                    <br>
                  </div>
                </div>
              </div>
              <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
                <div class="DSPFPageBreak" style="page-break-after: always;">
                  <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                <div class="DSPFPageHeader" style="width: 100%;">
                  <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                  </div>
                </div>
              </div>
              <div><br>
              </div>
              <div>
                <div>
                  <table cellspacing="0" cellpadding="0" id="zdf7d05ad4f4a44da905a66620f2a2f73" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

                      <tr>
                        <td valign="bottom" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                        <td valign="bottom" colspan="1" rowspan="1" style="text-align: center; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                        <td valign="bottom" colspan="38" rowspan="1" style="vertical-align: bottom; text-align: center; border-bottom: #000000 solid 2px;"><font style="font-weight: bold;">Three Months Ended
                            September 30, 2020</font></td>
                        <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Preferred<br>
                            Stock Series A<br>
                            Shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Preferred Stock<br>
                            Series Seed<br>
                            Shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Common Stock<br>
                            Shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Additional Paid-in<br>
                            Capital</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Accumulated<br>
                            Deficit</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Accumulated<br>
                            OCI</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Total Stockholders'<br>
                            (Deficit) Equity</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">&#160;</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #CCEEFF;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance as of June 30, 2020 (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">21,332,235</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">2,133</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">10,314,200</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(10,436,840</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">107,357</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(13,150</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 20%;">
                          <div style="color: rgb(0, 0, 0);">Issuance of non-vested stock awards* (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">3,755,010</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">376</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">8,559</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">8,935</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: #CCEEFF;">
                          <div style="color: rgb(0, 0, 0);">Repurchase of shares* (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(53,848</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
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                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(5</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
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                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(21,730</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
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                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(12,857</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
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                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(34,593</div>
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                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
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                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 20%;">
                          <div style="color: rgb(0, 0, 0);">Recognition of stock grant plan (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">236,628</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">236,628</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">Net loss (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(748,816</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(748,816</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 20%; padding-bottom: 2px;">
                          <div style="color: rgb(0, 0, 0);">Other comprehensive loss (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(2,042</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">(2,042</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0);">)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 20%; padding-bottom: 4px; background-color: #CCEEFF;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Balance as of September 30, 2020 (Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">25,033,398</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">2,503</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">10,537,657</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(11,198,513</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">105,315</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">(553,039</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">)</div>
                        </td>
                      </tr>

                  </table>
                  <div style="margin-top: 9pt;">
                    <div>* <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The amounts have been retroactively restated to give effect to the recapitalization transaction.</font></div>
                  </div>
                  <div style="margin-top: 9pt; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;">
                    <div style="text-align: center;">See accompanying notes to unaudited condensed consolidated financial statements</div>
                    <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                      <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
                      <div class="DSPFPageBreak" style="page-break-after: always;">
                        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                      <div class="DSPFPageHeader" style="width: 100%;">
                        <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                        </div>
                      </div>
                    </div>
                  </div>
                </div>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" border="0" id="ze1770701d05e4c91986158614a162a9b" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%; margin-left: auto; margin-right: auto;" class="cfttable">

                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; padding-bottom: 2px; white-space: nowrap;" rowspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; padding-bottom: 2px;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; border-bottom: #000000 solid 2px;" rowspan="1" colspan="38"><font style="font-weight: bold;"> Nine Months Ended September 30, 2020 </font></td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;" rowspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" rowspan="1" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Preferred Stock </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Series A Shares</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" rowspan="1" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center; white-space: nowrap;" rowspan="1" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Preferred </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Stock </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Series Seed</div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Shares</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" rowspan="1" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" rowspan="1" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Common<br>
                        </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;"> Stock </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Shares</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" rowspan="1" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Amount</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Additional </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Paid-in</div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Capital</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Accumulated</div>
                          Deficit</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Accumulated</div>
                          OCI</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: center; vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: center;" colspan="2">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Total <br>
                            Stockholders'</div>
                        </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">(Deficit) </div>
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Equity</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; white-space: nowrap;">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: middle;" colspan="2">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Balance as of December 31, 2019</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">314,505</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">315</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">2,108,405</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">2,108</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">888,184</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">888</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">8,811,647</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">(9,767,619</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">118,859</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">(833,802</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; padding-bottom: 2px;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Retroactive application of recapitalization (Unaudited)<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(314,505</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(315</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(2,108,405</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(2,108</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">13,026,925</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">503<br>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">1,920</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: #CCEEFF;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;"><font style="font-weight: bold;">Adjusted balance, beginning of period (Unaudited)</font><br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">13,915,109</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">1,392</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">8,813,567</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(9,767,619</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">118,859</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(833,802</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; white-space: nowrap;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Issuance of preferred stock* (Unaudited)<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">2,225,396</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">223</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">1,429,782</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">1,430,005</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: #CCEEFF;" rowspan="1">Issuance of non-vested stock awards* (Unaudited)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">9,135,138</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">914</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">20,822</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">21,736</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; white-space: nowrap;" rowspan="1">Repurchase of shares* (Unaudited)<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">(242,245</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">(24</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">(139,910</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">(12,857</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" rowspan="1" colspan="1">(152,792</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1">Recognition of stock grant plan (Unaudited)<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">413,396</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">413,396</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; white-space: nowrap;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Net loss (Unaudited)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
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                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(1,418,037</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
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                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Other comprehensive loss (Unaudited)<br>
                        </div>
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                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
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                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
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                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(13,544</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(13,544</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: middle; width: 20%; padding-bottom: 4px;">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Balance as of September 30, 2020 (Unaudited)<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">25,033,398</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">2,503</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">10,537,657</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">(11,198,513</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">105,315</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-size: 8pt;"><font style="font-weight: bold; color: rgb(0, 0, 0);">$</font></div>
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                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 5%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-size: 8pt;"><font style="font-weight: bold; color: rgb(0, 0, 0);">(553,039</font></div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp; font-size: 8pt;"><font style="font-weight: bold; color: rgb(0, 0, 0);">)</font></div>
                      </td>
                    </tr>

                </table>
                <div>
                  <div><br>
                  </div>
                  <div>
                    <table cellspacing="0" cellpadding="0" id="zac304b7127e44cbeb2b0adc1419588a7" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                        <tr style="vertical-align: top;">
                          <td style="align: right; vertical-align: top; width: 9pt;">
                            <div>*</div>
                          </td>
                          <td style="align: left; vertical-align: top; width: auto;"> The amounts have been retroactively
                              restated to give effect to the recapitalization transaction. </td>
                        </tr>

                    </table>
                    <div> &#160;</div>
                  </div>
                </div>
                <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">See accompanying notes to unaudited condensed consolidated financial statements</div>
                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>
                <div> <br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                <div style="text-align: center; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                <div style="text-align: center; font-weight: bold;">CONDENSED CONSOLIDATED <a name="STATEMENTSOFCASHFLOWS"><!--Anchor--></a>STATEMENTS OF
                  <!--Anchor--><!--Anchor-->CASH FLOWS</div>
                <div style="text-align: center; font-weight: bold;">(Unaudited)</div>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" id="z4e3bcb0e0fb648c2a9eb72c5fc232906" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" class="cfttable">

                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; padding-bottom: 2px;">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="6">
                        <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">Nine months ended September 30, <br>
                          <div style="font-weight: normal;">(Unaudited)</div>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt;">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">
                        <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">2021<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom;" colspan="2">
                        <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">2020<br>
                        </div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Net Cash used in Operating Activities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(24,690,329</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(1,045,004</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; width: 76%;">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="font-weight: bold; text-indent: -9pt; margin-left: 9pt;">Cash Flows from Investing Activities:</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Purchases of property and equipment</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(2,658,584</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(89,123</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;" rowspan="1">Advances for the acquisition of property and equipment<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">(1,917,856</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Acquisition of subsidiaries, net of cash acquired</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(19,425,378</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Net Cash used in Investing Activities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(24,001,818</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">(89,123</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; text-indent: -9pt; margin-left: 9pt; width: 76%;">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="font-weight: bold; text-indent: -9pt; margin-left: 9pt;">Cash Flows from Financing Activities:</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Business Combination and PIPE financing, net of issuance costs paid</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">141,120,851</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Proceeds of issuance of preferred stock</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">1,430,005</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;" rowspan="1">Proceeds from issuance of non-vested stock awards<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">21,736</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;" rowspan="1">Repurchase of shares<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">(69,430</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;" rowspan="1">Proceeds of issuance of common stock and paid-in capital from warrants exercise<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">262,177</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;" rowspan="1">State loan proceeds<br>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">113,377</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">-</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Repayment of convertible promissory notes<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">-</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(500,000</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Net Cash provided by Financing Activities</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">141,496,405</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">882,311</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;" rowspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Net increase / (decrease) in cash and cash equivalents</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">92,804,258</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(251,815</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Effect of exchange rate changes on cash and cash equivalents</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(827,624</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">(17,918</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">)</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                        <div style="text-indent: -9pt; margin-left: 9pt;">Cash and cash equivalents at the beginning of the period<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">515,734</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                        <div style="font-family: &#38;amp;">1,199,015</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px;">
                        <div style="text-indent: -9pt; margin-left: 9pt; font-weight: bold;">Cash and cash equivalents at the end of the period<br>
                        </div>
                      </td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">92,492,367</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                        <div style="font-weight: bold;">929,283</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;" rowspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; width: 76%;" rowspan="1">Supplemental Cash Flow Information</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; font-weight: bold; width: 76%; background-color: #CCEEFF;" rowspan="1">Non-cash Operating Activities:</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: bottom; width: 76%;" rowspan="1">Recognition of stock grant plan</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">4,078,513</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">$</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" rowspan="1" colspan="1">413,396</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">See accompanying notes to unaudited condensed consolidated financial statements.</div>
                <div><br>
                </div>
                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
                  <div class="DSPFPageBreak" style="page-break-after:always;">
                    <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>
                <div style="text-align: center; font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                <div style="text-align: center; font-weight: bold;"><!--Anchor--><a name="NOTES"><!--Anchor--></a>NOTES TO UNAUDITED CONDENSED CONSOLIDATED
                  <!--Anchor-->FINANCIAL STATEMENTS</div>
                <div>&#160;</div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="zda830acce3ee4e24a2aefbe790a41d2c" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">1.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Basis of presentation</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="zfe1a009ff7a849ac8132d7f2faa3eea3" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                        <tr>
                          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(a)</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;">
                            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">Overview</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On February 4, 2021 (&#8220;Closing Date&#8221;), AMCI Acquisition Corp.
                      (&#8220;AMCI&#8221;), consummated the previously announced business combination (the &#8220;Business Combination&#8221;) pursuant to that certain merger agreement (the &#8220;Agreement and Plan of Merger&#8221;), dated October 12, 2020, by and among AMCI, AMCI Merger
                      Sub Corp., a Delaware corporation and newly formed wholly-owned subsidiary of AMCI (&#8220;Merger Sub&#8221;), AMCI Sponsor LLC (the &#8220;Sponsor&#8221;), solely in the capacity as the representative from and after the effective time of the Business
                      Combination for the stockholders of AMCI (the &#8220;Purchaser Representative&#8221;), Advent Technologies, Inc., a Delaware corporation (&#8220;Legacy Advent&#8221;), and Vassilios Gregoriou, solely in his capacity as the representative from and after the
                      effective time for the Legacy Advent stockholders (the &#8220;Seller Representative&#8221;), as amended by Amendment No. 1 and Amendment No. 2 to the Agreement and Plan of Merger, dated as of October 19, 2020 and December 31, 2020, respectively,
                      by and among AMCI, Merger Sub, Sponsor, Legacy Advent, and Seller Representative. In connection with the closing of the Business Combination (the &#8220;Closing&#8221;), AMCI acquired 100% of the stock of Legacy Advent (as it existed immediately
                      prior to the Closing) and its subsidiaries.</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On the Closing Date, and in connection with the closing of the
                      Business Combination, AMCI changed its name to Advent Technologies Holdings, Inc. (the "Company" or "Advent"). Legacy Advent was deemed the accounting acquirer in the Business Combination based on an analysis of the criteria outlined
                      in Accounting Standards Codification ("ASC") 805. This determination was primarily based on Legacy Advent's stockholders prior to the Business Combination having a majority of the voting interests in the combined company, Legacy
                      Advent's operations comprising the ongoing operations of the combined company, Legacy Advent's board of directors comprising a majority of the board of directors of the combined company, and Legacy Advent's senior management
                      comprising the senior management of the combined company. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Legacy Advent issuing stock for the net assets of AMCI, accompanied by a
                      recapitalization. The net assets of AMCI are stated at historical cost, with no goodwill or other intangible assets recorded.</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">While AMCI was the legal acquirer in the Business Combination,
                      because Legacy Advent was deemed the accounting acquirer, the historical financial statements of Legacy Advent became the historical financial statements of the combined company, upon the consummation of the Business Combination. As a
                      result, the unaudited condensed consolidated financial statements included in this report reflect (i) the historical operating results of Legacy Advent prior to the Business Combination; (ii) the results of the Company (combined
                      results of AMCI and Legacy Advent) following the closing of the Business Combination; (iii) the assets and liabilities of Legacy Advent at their historical cost; and (iv) Company&#8217;s equity structure for all periods presented.</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">In accordance with guidance applicable to these circumstances, the
                      equity structure has been restated in all comparative periods up to the Closing Date, to reflect the number of shares of the Company's common stock, $0.0001 par value per share ("Common Stock") issued to Legacy Advent's stockholders
                      in connection with the recapitalization transaction. As such, the shares and corresponding capital amounts and earnings per share related to Legacy Advent Preferred Stock (&#8220;Preferred Series A&#8221; and &#8220;Preferred Series Seed&#8221;) and Legacy
                      Advent common stock prior to the Business Combination have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination Agreement. Activity within the statement of changes in
                      stockholders' equity / (deficit) for the issuances of Legacy Advent's Preferred Stock, were also retroactively converted to Legacy Advent common stock. (Note 3).</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On February 18, 2021, the Company, entered into a
                        Membership Interest Purchase Agreement with Bren-Tronics, Inc. (&#8220;Seller&#8221;) and UltraCell, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of Seller (&#8220;UltraCell&#8221;) (the &#8220;Purchase Agreement&#8221;). See Note 3
                        &#8220;Business Combination&#8221; </font><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">accompanying the unaudited condensed consolidated
                        financial statements for additional information.</font></div>

                    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                      </font></div>

                <div style="text-align: justify;">
                      <div>On June 25, 2021, the Company entered into a Share Purchase Agreement (the &#8220;Purchase Agreement&#8221;), with
                          F.E.R. fischer Edelstahlrohre GmbH, a limited liability company incorporated under the Laws of Germany (the &#8220;Seller&#8221;) to acquire (the &#8220;Acquisition&#8221;) all of the issued and outstanding equity interests in SerEnergy A/S, a Danish
                          stock corporation and a wholly-owned subsidiary of the Seller (&#8220;SerEnergy&#8221;) and fischer eco solutions GmbH, a German limited liability company and a wholly-owned subsidiary of the Seller (&#8220;FES&#8221; and together with SerEnergy, the
                          &#8220;Target Companies&#8221;) together with certain outstanding shareholder loan receivables. See Note 3 &#8220;Business Combination&#8221; accompanying the unaudited condensed consolidated financial statements for additional information.</div>
                     </div>

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                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
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                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

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                        <tr>
                          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(b)</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;"><font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">Unaudited Condensed Consolidated Financial Statements</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The accompanying unaudited condensed consolidated financial
                      statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (&#8220;GAAP&#8221;) and pursuant to the regulations of the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;). The unaudited financial information
                      reflects, in the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement of the Company's financial position, results of operations and cash flows for the periods
                      indicated. The results reported for the interim period presented are not necessarily indicative of results that may be expected for the full year. These unaudited condensed consolidated financial statements should be read in
                      conjunction with the audited consolidated financial statements and notes thereto included in the Company's audited consolidated financial statements as of and for the year ended December 31, 2020 included in the Current Report on Form
                      8-K filed with the SEC on February 9, 2021 (the &#8220;Original Form 8-K&#8221;), as amended by Amendment No. 1 to Form 8-K, filed with the SEC on February 9, 2021 (&#8220;Amendment No. 1&#8221;), as further amended by Amendment No. 2 to Form 8-K, filed with
                      the SEC on March 26, 2021 (&#8220;Amendment No. 2&#8221;) and as further amended by Amendment No 3 to Form 8-K, filed with the SEC on May 20, 2021 (&#8220;Amendment No. 3,&#8221; and, the Original Form 8-K, as so amended by Amendment No. 1, Amendment No. 2
                      and Amendment No. 3, the &#8220;Super Form 8-K&#8221;).</div>

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                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The unaudited condensed consolidated financial statements include
                      the accounts of the Company and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated.</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Certain prior period balances have been reclassified to conform to
                      the current period presentation in the unaudited condensed consolidated financial statements and the accompanying notes.</div>

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                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Share and per share amounts are presented on a post-conversion basis
                      for all periods presented, unless otherwise specified.</div>

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                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                    <div>
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                            <td style="vertical-align: top; width: 18pt;">
                              <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-family: 'Times New Roman'; font-variant: normal; text-transform: none;">(c)</div>
                            </td>
                            <td style="align: left; vertical-align: top; width: auto;">
                              <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-family: 'Times New Roman'; font-variant: normal; text-transform: none;">Going Concern</div>
                            </td>
                          </tr>

                      </table>
                    </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The unaudited condensed consolidated financial statements have been
                      prepared by management in accordance with GAAP, assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of
                      business. Accordingly, these financial statements do not include any adjustments that may result in the event the Company is unable to continue as a going concern.</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Beginning in March 2020, the COVID-19 pandemic and the measures
                      imposed to contain this pandemic have disrupted and are expected to continue to impact the Company&#8217;s business. The magnitude of the impact of the COVID-19 pandemic on the Company&#8217;s productivity, results of operations and financial
                      position, and its disruption to the Company&#8217;s business (fuel cells sales timeline, realization of income from grants received) will depend in part, on the length and severity of these restrictions and on the Company&#8217;s ability to
                      conduct business in the ordinary course.</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As of the date of this Quarterly Report on Form 10-Q, the Company&#8217;s
                      existing cash resources are sufficient to support planned operations for the next 12 months. As a result, management believes that the Company's existing financial resources are sufficient to continue operating activities for at least
                      one year past the issuance date of the unaudited condensed consolidated financial statements.</div>

                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

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                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">2.</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-weight: bold;">Summary of Significant Accounting Policies:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">There have been no significant changes from the
                    significant accounting policies disclosed in Note 2 of the &#8220;Notes to Consolidated Financial Statements&#8221; included in the Super Form 8-K.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

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                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
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                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">The Company is an &#8220;emerging
                    growth company,&#8221; as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart our Business Startups Act of 2012, (the &#8220;JOBS Act&#8221;). As an emerging growth company (&#8220;EGC&#8221;), the JOBS Act allows the Company to delay
                    adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are applicable to private companies. The Company elected to use this extended transition period under the JOBS Act until such
                    time the Company is no longer considered to be an EGC. The Company applied the following new accounting policies:</div>

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                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                  <div>
                        <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                        <table cellspacing="0" cellpadding="0" id="z93af14696453431bbcc1e8f0ec9a0d70" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

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                              <td style="vertical-align: top; width: 18pt;">
                                <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(a)</div>
                                <font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></td>
                              <td style="align: left; vertical-align: top; width: auto;">
                                <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">Business
                                  acquisitions, Goodwill and Intangible Assets</div>
                              </td>
                            </tr>

                        </table>

                        <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>
                      </div>

                      <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                      <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"><br>
                        </font> </div>

                      <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>
                    </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The Company allocates the fair value of purchase consideration
                      transferred in a business acquisition to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration transferred over
                      the fair values of these identifiable assets and liabilities is recorded as goodwill. In case the fair value of purchase consideration transferred is below fair values of these identifiable assets and liabilities, the Company
                      recognizes a gain from a bargain purchase. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets
                      include, but are not limited to, future expected cash flows from acquired licenses, trade names, in process research and development ("R&amp;D"), useful lives and discount rates, patents, customer clientele, customer contracts and
                      know-how. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the
                      measurement period, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded
                      in the consolidated statement of operations.</div>

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                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                      <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">For significant acquisitions, the Company obtains independent
                        appraisals and valuations of the intangible (and certain tangible) assets acquired and certain assumed liabilities. The Company analyzes each acquisition individually and all acquisitions within each reporting period in aggregate to
                        determine if those are material acquisitions in the context of ASC 805-10-50.</div>

                      <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                        </font> </div>

                      <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The estimated fair values and useful lives of identified
                        intangible assets are based on many factors, including estimates and assumptions of future operating performance and cash flows of the acquired business, estimates of cost avoidance, the nature of the business acquired, the specific
                        characteristics of the identified intangible assets and our historical experience and that of the acquired business. The estimates and assumptions used to determine the fair values and useful lives of identified intangible assets
                        could change due to numerous factors, including product demand, market conditions, regulations affecting the business model of our operations, technological developments, economic conditions and competition.</div>

                      <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                        </font> </div>

                      <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">We conduct a goodwill impairment analysis annually in the fourth
                        fiscal quarter, as of October 1, and as necessary if changes in facts and circumstances indicate that the fair value of our reporting units may be less than their carrying amounts. When indicators of impairment do not exist and
                        certain accounting criteria are met, we are able to evaluate goodwill impairment using a qualitative approach. When necessary, our quantitative goodwill impairment test consists of two steps. The first step requires that we compare
                        the estimated fair value of our reporting units to the carrying value of the reporting unit&#8217;s net assets, including goodwill. If the fair value of the reporting unit is greater than the carrying value of its net assets, goodwill is
                        not considered to be impaired and no further testing is required. If the fair value of the reporting unit is less than the carrying value of its net assets, we would be required to complete the second step of the test by analyzing
                        the fair value of its goodwill. If the carrying value of the goodwill exceeds its fair value, an impairment charge is recorded. Currently, we identify one reporting unit.</div>

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                      </font> </div>
                   </div>

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                <div>
                      <div> <font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                      <table cellspacing="0" cellpadding="0" id="z9280be0eded04d8eb8d9e02fce482956" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                          <tr>
                            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(b)</td>
                            <td style="width: auto; vertical-align: top; text-align: justify;"><font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                              <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">Warrants</div>
                            </td>
                          </tr>

                      </table>
                     </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The Company may issue or assume common stock warrants with debt,
                      equity or as standalone financing instruments that are recorded as either liabilities or equity in accordance with the respective accounting guidance. Warrants recorded as equity are recorded at their relative fair value or fair value
                      determined at the issuance date and remeasurement is not required. Warrants recorded as liabilities are recorded at their fair value, within warrant liability on the consolidated balance sheets, and remeasured on each reporting date
                      with changes recorded in revaluation of warrant liability on the Company's consolidated statements of operations.</div>

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                    </font> </div>

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                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font><font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font><font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="zacfd279910d34655a8278bc507ba9277" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                        <tr>
                          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(c)</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;">
                            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">Fair Value of Financial Instruments</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none; font-weight: bold;"> </font></div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As a result of the Business
                        Combination, the Company assumed a warrant liability (the "Warrant Liability") related to previously issued 3,940,278 warrants, each exercisable to purchase one share of common stock at an exercise price of $11.50 per share,
                        originally sold to AMCI Sponsor LLC (the &#8220;Sponsor&#8221;) in a private placement consummated in connection with AMCI&#8217;s Initial Public Offering (the &#8220;Private Placement Warrants&#8221;) and the 400,000 warrants, each exercisable to purchase one
                        share of common stock at an exercise price of $11.50 per share, converted from the Sponsor&#8217;s non-interest bearing loan to the Company of $400,000 in connection with the closing of the Business Combination (the &#8220;Working Capital
                        Warrants&#8221;) (Note 12). The Private Placement Warrants and the Working Capital Warrants have substantially the same terms as the 22,029,279 warrants, each exercisable to purchase one share of common stock at an exercise price of
                        $11.50 per share, issued by AMCI in its Initial Public Offering (the &#8220;Public Warrants&#8221;). </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                      </font></div>

                      <div style="text-align: justify; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The Warrant Liability is
                          remeasured to its fair value at each reporting period and upon settlement. The change in fair value is recognized in revaluation of warrant liability on the consolidated statements of operations. The change in fair value of the
                          warrant liability is as follows:</font></div>

                      <div style="text-align: justify; color: rgb(0, 0, 0);"> <br>
                      </div>

                      <table cellspacing="0" cellpadding="0" border="0" id="zf98f698ea1bd4e41bbbf1a2282273f8e" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left; width: 100%;" class="cfttable">

                          <tr>
                            <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
                              <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">Warrant Liability</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                              <div style="font-family: &#38;amp; font-weight: bold;">Estimated fair value at February 4, 2021</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">33,116,321</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;">
                              <div style="font-family: &#38;amp;">Change in estimated fair value</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">(15,833,334</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">)</div>
                            </td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: rgb(204, 238, 255);">
                              <div style="font-family: &#38;amp; font-weight: bold;">Estimated fair value at September&#160; 30, 2021</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">17,282,987</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>

                      </table>

                    <div><br>
                    </div>

                    <div style="text-align: justify; color: rgb(0, 0, 0);"><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The
                        estimated fair value of the Private Placement Warrants and the Working Capital Warrants (each as defined below) is determined using Level 3 inputs by using the Black-Scholes model. The application of the Black-Scholes model requires
                        the use of a number of inputs and significant assumptions including volatility. Significant judgment is required in determining the expected volatility of our common stock. Due to the limited history of trading of our common stock,
                        we determined expected volatility based on a peer group of publicly traded companies.<br>
                      </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0);"> <font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                      <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                      <div style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The following table provides quantitative information regarding
                        Level 3 fair value measurement inputs as of their measurement date September 30, 2021:</div>

                      <div><br>
                      </div>

                      <table cellspacing="0" cellpadding="0" border="0" id="zf35ec1ae2fc84ca1b227005f3c72ee12" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left; width: 100%;" class="cfttable">

                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                              <div style="font-family: &#38;amp;">Stock price</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">8.70</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%;">
                              <div style="font-family: &#38;amp;">Exercise price (strike price)</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                              <div style="font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                              <div style="font-weight: normal;">11.50</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                              <div style="font-family: &#38;amp;">Risk-free interest rate </div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">0.83</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">%</div>
                            </td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%;">
                              <div style="font-family: &#38;amp;">Volatility</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">67.30</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                              <div style="font-family: &#38;amp;">%</div>
                            </td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                              <div style="font-family: &#38;amp;">Remaining term (in years)</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">4.34<br>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>

                      </table>

                    <div><br>
                    </div>

                    <div style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The Company performs routine procedures such as comparing prices
                      obtained from independent source to ensure that appropriate fair values are recorded.</div>

                  <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                  <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="z63961616d2294ff3b990a5e2c69222af" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                        <tr>
                          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(d)</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;"><font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                            <div style="color: rgb(0, 0, 0); font-weight: bold; font-style: italic; font-variant: normal; text-transform: none;">Earnings / (Loss) Per Share</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Earnings / (Loss) Per Share is computed by
                      dividing earnings / (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings / (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue
                      common stock were exercised or converted at the beginning of the periods presented, or issuance date, if later. The treasury stock method is used to compute the dilutive effect of warrants.</div>

                  <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                <div>
                    <div><br>
                    </div>

                  <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial;">
                        <table cellspacing="0" cellpadding="0" id="za0e0e650c814442ab12b4749ca69ce7f" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                            <tr>
                              <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(e)</td>
                              <td style="width: auto; vertical-align: top; text-align: justify;">
                                <div style="color: rgb(0, 0, 0); font-weight: bold; font-style: italic; font-variant: normal; text-transform: none;">Stock-based Compensation</div>
                              </td>
                            </tr>

                        </table>

                        <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">&#160;</font></div>
                       </div>

                      <div style="display:none;"><br>
                      </div>
                      <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;">Stock-based compensation consists of stock options and restricted stock units
                        (&#8220;RSUs&#8221;). Stock options and restricted stock units are equity classified and are measured at the fair market value of the underlying stock at the grant date. Under ASC 718, an entity may recognize compensation cost for an award with
                        only a service condition that has a graded vesting schedule on either (1) an accelerated basis as though each separately vesting portion of the award was, in substance, a separate award or (2) a straight-line basis over the total
                        requisite service period for the entire award. An entity&#8217;s use of either a straight-line or an accelerated attribution method represents an accounting policy election and thus should be applied consistently to all similar awards.
                        The Company has elected to recognize compensation cost on a straight-line basis over the total requisite service period for the stock options and restricted stock units. This election does not affect the Company&#8217;s previous year
                        results since the Restricted Stock Awards granted in the prior period did not have a service requirement and therefore the stock compensation expense was recognized immediately.&#160; The Company has also a policy of accounting for
                        forfeitures when they occur.</div>
                     </div>
              </div>
              <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
                <div class="DSPFPageBreak" style="page-break-after: always;">
                  <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                <div class="DSPFPageHeader" style="width: 100%;">
                  <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                  </div>
                </div>
              </div>
              <div>
                  <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> <font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                      <div> <font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                      <table cellspacing="0" cellpadding="0" id="za76153d487844e1cb68998b3b4eece7b" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                          <tr style="vertical-align: top;">
                            <td style="vertical-align: top; width: 18pt;">
                              <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">(f)</div>
                              <font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></td>
                            <td style="align: left; vertical-align: top; width: auto;"><font style="font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                              <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-variant: normal; text-transform: none;">Recent Accounting pronouncements</div>
                            </td>
                          </tr>

                      </table>
                     </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Recently issued accounting pronouncements not
                      yet adopted</div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">In February 2016, the Financial Accounting
                      Standards Board ("FASB") issued ASU 2016-02, Leases (Topic 842), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information
                      about leasing arrangements. In July 2018, ASU 2018-10, Codification Improvements to Topic 842, Leases, was issued to provide more detailed guidance and additional clarification for implementing ASU 2016-02. Furthermore, in July 2018,
                      the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides an optional transition method in addition to the existing modified retrospective transition method by allowing a cumulative effect adjustment to
                      the opening balance of retained earnings in the period of adoption. Additionally, ASU 2019-01, Codification Improvements to Topic 842, Leases and ASU 2020-02, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No.
                      119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842), provided additional clarifications for implementing ASU 2016.02.&#160; The new lease standard was originally effective
                      for private entities on January 1, 2021, with early adoption permitted. Following the issuance of ASU 2020-05, Effective Dates for Certain Entities (Topic 842), the effective date of Leases was deferred for private entities (the &#8220;all
                      other&#8221; category) to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early application continues to be permitted which means that an entity may choose to
                      implement Leases before those deferred effective dates. The Company is currently evaluating the effect of the adoption of this guidance on the consolidated financial statements.</div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">In June 2016, the FASB issued ASU 2016-13,
                      Financial Instruments&#8212;Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments, which, amends the requirement on the measurement and recognition of expected credit losses for financial assets held. Furthermore,
                      amendments, ASU 2019-10 and ASU 2019-11 provided additional clarification for implementing ASU 2016-13. ASU 2016-13 is effective for the Company beginning January 1, 2023, with early adoption permitted. The Company is currently in the
                      process of evaluating the effect of this guidance on the consolidated financial statements.</div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">In December 2019, the FASB issued ASU 2019-12,
                      Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which is intended to simplify various aspects related to accounting for income taxes. The pronouncement is effective for fiscal years, and for interim periods
                      within those fiscal years, beginning after December 15, 2020 for public entities, with early adoption permitted. ASU 2019-12 is effective for the Company beginning January 1, 2022, <font style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">taking the exemption allowed for the &#8220;emerging growth companies&#8221; </font>with early
                      adoption permitted. The Company is currently evaluating the effects of this guidance on the Company's financial statements.</div>

                <div style="text-align: justify; color: rgb(0, 0, 0);"> <br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                  <table cellspacing="0" cellpadding="0" id="z6014646e1c5244c0bba5da2e1b4de23a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">3.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;"> Business Combination</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                    <div><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="zd687456cd9194143be58ffd1d67c88cf" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                        <tr style="vertical-align: top;">
                          <td style="vertical-align: top; width: 18pt;">
                            <div style="font-style: italic; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none; font-weight: bold;">(a)</div>
                            <font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font></td>
                          <td style="align: left; vertical-align: top; width: auto;"><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                            <div style="font-style: italic; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none; font-weight: bold;">AMCI Acquisition Corp.</div>
                          </td>
                        </tr>

                    </table>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As detailed in Note 1 on
                    February 4, 2021, the Company and AMCI consummated the Business Combination pursuant to the terms of the merger agreement, with Advent Legacy surviving the merger as a wholly-owned subsidiary of AMCI. Immediately prior to the closing of
                    the Business Combination, all shares of outstanding preferred stock Series A and preferred stock Series Seed of Legacy Advent were automatically converted into shares of the Legacy Advent's common stock. Upon the consummation of the
                    Business Combination, each share of Legacy Advent common stock issued and outstanding was canceled and converted into the right to receive the amount of shares as determined based on the merger consideration of $250 million minus the
                    estimated consolidated indebtedness of Legacy Advent and its subsidiaries as of the consummation of the Business Combination, net of their estimated consolidated cash and cash equivalents (&#8220;Closing Net Indebtedness&#8221;) divided by $10.00.
                    The Closing Net Indebtedness was based solely on estimates determined shortly prior to the closing and was not subject to any post-closing true-up or adjustment.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Upon the closing of the Business
                    Combination, AMCI's certificate of incorporation was amended and restated to, among other things, authorize the issuance of 111,000,000 shares, of which 110,000,000 shares are shares of common stock, par value $0.0001 per share and
                    1,000,000 shares are shares of undesignated preferred stock, par value $0.0001 per share.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">In connection with the execution
                    of the Business Combination Agreement, AMCI entered into separate subscription agreements (each, a "Subscription Agreement") with a number of investors (each a "Subscriber"), pursuant to which the Subscribers agreed to purchase, and
                    AMCI agreed to sell to the Subscribers, an aggregate of 6,500,000 shares of common stock (the "PIPE Shares"), for a purchase price of $10.00 per share and an aggregate purchase price of $65.0 million, in a private placement pursuant to
                    the subscription agreements (the "PIPE"). The PIPE investment closed simultaneously with the consummation of the Business Combination.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The Business Combination is
                    accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, AMCI was treated as the "acquired" company for financial reporting purposes. See Note 1 "Basis of Presentation" in the accompanying
                    unaudited condensed consolidated financial statements for further details. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Legacy Advent issuing stock for the net assets of AMCI,
                    accompanied by a recapitalization. The net assets of AMCI are stated at historical cost, with no goodwill or other intangible assets recorded.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                    <div style="text-align: justify; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The following table reconciles
                        the elements of the Business Combination to the consolidated statement of cash flows and the consolidated statement of changes in equity for the nine months ended&#160;September 30, 2021:</font><br>
                      <br>
                    </div>

                    <table cellspacing="0" cellpadding="0" border="0" id="z4782b77a5f514a1090bdd759393ecf98" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left; width: 100%;" class="cfttable">

                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" rowspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="2">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">Recapitalization</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Cash- AMCI&#8217;s trust and cash (net of redemptions)</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">93,310,599</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%;">
                            <div style="font-family: &#38;amp;">Cash &#8211; PIPE plus interest</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp;">65,000,118</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Less transaction costs and advisory fees paid</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp;">(17,188,519</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp;">)</div>
                          </td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;" rowspan="1">Less non-cash warrant liability assumed<br>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" rowspan="1" colspan="1">(33,116,321</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" rowspan="1" colspan="1">)</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp; font-weight: bold;">Net Business Combination and PIPE financing</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp; font-weight: bold;">108,005,877</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>

                    </table>

                  <div><br>
                  </div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The number of shares of common stock issued
                      immediately following the consummation of the Business Combination:</div>

                    <div><br>
                    </div>

                    <table cellspacing="0" cellpadding="0" border="0" id="z0d91182cc994426993bfec7ff7aa1d9f" class="cfttable" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left; width: 100%;">

                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">Recapitalization</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Class A Common A stock of AMCI, outstanding prior to Business Combination</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">9,061,136</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%;">
                            <div style="font-family: &#38;amp;">Less Redemption of AMCI shares</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(1,606</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                          </td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Class B Common Stock of AMCI, outstanding prior to Business Combination</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">5,513,019</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;">
                            <div style="font-family: &#38;amp;">Shares issued in PIPE</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">6,500,000</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp; font-weight: bold;">Business Combination and PIPE financing shares</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">21,072,549</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px;">
                            <div style="font-family: &#38;amp;">Legacy Advent Shares</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">25,033,398</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 4px; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp; font-weight: bold;">Total shares of Common Stock immediately after Business Combination</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">46,105,947</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        </tr>

                    </table>

                  <div><br>
                  </div>

                <div>
                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none; font-weight: bold; font-style: italic;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="z3d350cf2429d431cb39e9d128b574bef" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                        <tr style="vertical-align: top;">
                          <td style="vertical-align: top; width: 18pt;">
                            <div style="font-weight: bold; font-style: italic; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">(b)</div>
                            <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none; font-weight: bold; font-style: italic;"> </font></td>
                          <td style="align: left; vertical-align: top; width: auto;"><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                            <div style="font-style: italic; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">UltraCell, LLC</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>
                  </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">On February 18, 2021 (the &#8220;acquisition date&#8221;),
                    pursuant to the terms and conditions of the Purchase Agreement, the Company acquired 100% of the issued and outstanding membership units of UltraCell from Bren-Tronics, Inc. The results of UltraCell&#8217;s operations have been included in
                    the unaudited condensed consolidated financial statements since the acquisition date.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">
                    <div>&#160; </div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The
                      Company has assessed provisions in ASC 805 and concluded that the UltraCell acquisition should be accounted as an acquisition of a business. The Company evaluated whether substantially all the fair value of the gross assets acquired
                      is concentrated in a single identifiable asset or a group of similar identifiable assets and concluded that it is not. Since the &#8220;substantially all&#8221; threshold is not met, the Company further assessed whether the set acquired includes
                      an input and a substantive process that together significantly contribute to the ability to create outputs. Following its assessment, the Company concluded that the minimum requirements to define UltraCell as a business are met.</div>

                    <div><br>
                    </div>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">UltraCell is an entity specialized in lightweight
                    fuel cells for the portable power market with mature products and cutting-edge technology.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0);"> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify;"><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">The acquisition consideration
                      transferred totaled $6.0 million, of which $4.0 million was cash and $2 million was the fair value of the contingent consideration. The contingent consideration arrangement required the Company to pay $2 million of additional cash to
                      UltraCell&#8217;s former holders of membership interests, if UltraCell entered into certain customer arrangements for sales of products prior to June 30, 2021. </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">On April 16, 2021 Advent paid the additional consideration based on UltraCell achieving completion of the terms of the contingent
                      consideration.</font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">
                    <div>&#160; </div>

                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>

                    <div style="text-align: justify; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Assets and
                      liabilities at acquisition</div>

                    <div><br>
                    </div>

                      <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; text-align: justify; text-transform: none;">The assets acquired and liabilities assumed
                        at the date of acquisition were as follows:</div>

                      <div><br>
                      </div>

                      <table cellspacing="0" cellpadding="0" id="z36dc3c839a1349df9b09a02305846fdf" class="cfttable" style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

                          <tr>
                            <td valign="bottom" style="vertical-align: middle;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Current assets</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">77,129</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px;">
                              <div style="color: rgb(0, 0, 0);">Other current assets</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">658,332</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total current assets</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">735,461</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px;">
                              <div style="color: rgb(0, 0, 0);">Non-current assets</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">9,187</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total assets</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">744,649</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0);">Current liabilities</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">110,179</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%;">
                              <div style="color: rgb(0, 0, 0);">Non-current liabilities</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                              <div>-</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total liabilities</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">110,179</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 88%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Net assets acquired</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">634,469</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>

                      <div><br>
                      </div>

                      <div style="text-align: justify; font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Goodwill arising on acquisition</div>

                      <div><br>
                      </div>

                      <table cellspacing="0" cellpadding="0" id="ze09ce1a32e684586b082cc556bfcab97" class="cfttable" style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0);">Cost of investment</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">6,000,000</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px;">
                              <div>Net assets value</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                              <div>634,469</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="font-weight: bold;">Consideration to be allocated</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">5,365,531</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; white-space: nowrap;">
                              <div style="font-weight: bold;">Fair value adjustment - New intangibles</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="font-style: italic;">&#160;&#160;&#160;&#160;&#160;Trade name "UltraCell"</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                              <div>405,931</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; white-space: nowrap;">
                              <div style="font-style: italic;">&#160;&#160;&#160;&#160;&#160;Patented technology</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                              <div>4,328,228</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="font-weight: bold;">Total intangibles acquired</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">4,734,159</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; white-space: nowrap;">
                              <div style="font-weight: bold;">Remaining Goodwill</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">631,372</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>
                     </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;"><br>
                  </div>

                <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">
                    <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The fair
                      value of the assets acquired and liabilities assumed was based on a Purchase Price Allocation of UltraCell LLC conducted by an independent third party. The intangible assets recognized are the Trade Name &#8220;UltraCell&#8221; and the Patented
                      Technology. The fair value measurement of the intangible assets has been performed by applying a combination of market, cost and income approach methods. The Trade Name was valued with the Relief-from-royalty method, which combines
                      market &amp; income approaches. The royalty rate used for the valuation of the Trade Name was 1.3%, which was determined from the market using databases from completed transactions at a global level while the discount rate used was
                      12.6%. The Patented Technology was valued with the multi period excess earnings method, which is an income approach. The discount rate used for the valuation of the Patented Technology was 11.6%. The Trade Name has an indefinite
                      useful life while the Patented Technology has a useful life of 10 years.</div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: left; color: rgb(0, 0, 0);"> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: left; color: rgb(0, 0, 0);">
                      <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                      <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Included
                        in goodwill is the value of assembled workforce, which under FASB ASC topic 805, does not meet either the contractual-legal or the separability criterion in order to be separately valued as an intangible asset. As part of the
                        acquisition, the Company acquired fully trained personnel thereby avoiding the expenditure that would have been required to hire and train equivalent personnel. Therefore, the assemblage cost avoided method was considered the most
                        appropriate method for the valuation of the assembled workforce. The assembled workforce was valued at $0.19 million and has been included in goodwill.</div>

                      <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;"> <br>
                      </div>
                     </div>
                </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="text-align: justify; color: rgb(0, 0, 0);">
                    <table cellspacing="0" cellpadding="0" id="z39ce23778ac5498790a576bd77379b3a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                        <tr>
                          <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;"><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: italic; font-variant: normal; text-transform: none;">(c)</font><br>
                          </td>
                          <td style="width: auto; vertical-align: top; text-align: justify;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">
                              <div style="text-align: left; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">Acquisition
                                of SerEnergy and FES</div>
                            </div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>
                  </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <br>
                    </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none; font-weight: normal; font-style: normal;">Effective
                    on August 31, 2021, pursuant to the previously announced Share Purchase Agreement (the &#8220;Purchase Agreement&#8221;), dated as of June 25, 2021, by and between Advent Technologies Holdings Inc. (the &#8220;Buyer&#8221;) and F.E.R. fischer Edelstahlrohre
                    GmbH, a limited liability company incorporated under the Laws of Germany (the &#8220;Seller&#8221;), the Company acquired (the &#8220;Acquisition&#8221;) all of the issued and outstanding equity interests in SerEnergy A/S, a Danish stock corporation and a
                    wholly-owned subsidiary of the Seller (&#8220;SerEnergy&#8221;) and fischer eco solutions GmbH, a German limited liability company and a wholly-owned subsidiary of the Seller (&#8220;FES&#8221; and together with SerEnergy, the &#8220;Target Companies&#8221;) together with
                    certain outstanding shareholder loan receivables.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none; font-weight: normal; font-style: normal;">The Company
                    has assessed provisions in ASC 805 and concluded that the SerEnergy and FES acquisition should be accounted as an acquisition of a business. The Company evaluated whether substantially all the fair value of the gross assets acquired is
                    concentrated in a single identifiable asset or a group of similar identifiable assets and concluded that it is not. Since the &#8220;substantially all&#8221; threshold is not met, the Company further assessed whether the set acquired includes an
                    input and a substantive process that together significantly contribute to the ability to create outputs. Following its assessment, the Company concluded that the minimum requirements to define SerEnergy and FES as a business are met.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                    </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none; font-weight: normal; font-style: normal;">
                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The
                      results of the SerEnergy&#8217;s and FES&#8217;s operations have been included in the unaudited condensed consolidated financial statements since the acquisition date.</div>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The
                    revenues associated to SerEnergy and FES for the one-month period ended September 30, 2021 (acquisition date to September 30, 2021) was $791,626. The net loss associated to SerEnergy and FES for the one-month period ended September 30,
                    2021 (acquisition date to September 30, 2021) was $834,944.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                    </font></div>

                <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none; font-weight: normal; font-style: normal;">
                  <div>
                      <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">If the acquisition had been consummated as of January 1, 2020, the Company&#8217;s pro-forma revenues and net loss for the nine months ended September 30, 2021 would have been $13.1 million and $(20.3) million, respectively, and
                          for the nine months ended September 30, 2020 would have been $2.4 million and $(11.6) million, respectively. Similarly, pro-forma revenues and net loss for the three months ended September 30, 2021 would have been $3.9 million and
                          $(13.1) million, respectively, and for the three months ended September 30, 2020 would have been $0.5 million and $(2.5) million, respectively. The unaudited pro forma results are for comparative purposes only and do not purport
                          to be indicative of the results that would have actually been obtained if the acquisition had occurred at the beginning of the period presented. In addition, these results are not intended to be a projection of future results and
                          do not reflect any synergies that might be achieved from the combined operations.</font><br>
                      </div>

                      <div><br>
                      </div>
                     </div>
                </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none; font-weight: normal; font-style: normal;">Pursuant to
                    the Purchase Agreement, the Company acquired SerEnergy and FES, the fuel cell systems business of fischer Group. SerEnergy is a leading manufacturer of high-temperature polymer electrolyte membrane HT-PEM fuel cells and operates
                    facilities in Aalborg, Denmark and in Manila, Philippines. FES operates in Achern, Germany and provides fuel-cell stack assembly and testing as well as the production of critical fuel cell components, including membrane electrode
                    assemblies, bipolar plates and reformers.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">
                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As
                      consideration for the transactions contemplated by the Purchase Agreement, the Company paid to the Seller $17,869,309 (&#8364;15,000,000) in cash (the &#8220;Cash Consideration&#8221;) and on August 31, 2021, the Company issued to the Seller 5,124,846
                      shares of common stock of the Company with a par value $0.0001 per share (the &#8220;Share Consideration&#8221;). The Share Consideration was capped to shares representing 9.999% of the Company&#8217;s common stock outstanding as of the completion
                      (taking into account the common stock issued as Share Consideration, the &#8220;Cap&#8221;). An additional amount of $4,366,802, representing cash on the balance sheet of the acquired businesses at closing, will be paid to F.E.R. fischer
                      Edelstahlrohre GmbH to complete the acquisition of SerEnergy and FES and is included in &#8220;Other current liabilities&#8221; (Note 10).</div>

                    <div> <br>
                    </div>

                  <div>
                      <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Transaction
                        costs amounted to $889,716 and have been expensed in the condensed consolidated statement of operations under the caption &#8220;Administrative and selling expenses&#8221; in the accompanying condensed consolidated statement of operations.</div>
                     </div>
                </div>

                  <div><br>
                  </div>

                  <div style="text-align: justify; font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Assets and liabilities at acquisition</div>

                  <div><br>
                  </div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; text-align: justify; text-transform: none;">The assets acquired and liabilities assumed at
                      the date of acquisition were as follows:</div>

                    <div style="color: #000000;"><br>
                    </div>

                    <table cellspacing="0" cellpadding="0" id="z81c290e9aa834b82b1448222d478a029" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;" class="cfttable">

                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">Current assets</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: middle; background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0);">Cash and cash equivalents</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0);">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0);">4,366,802</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: middle; padding-bottom: 2px;">
                            <div style="color: rgb(0, 0, 0);">Other current assets</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0);">10,454,864</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; padding-bottom: 2px; vertical-align: middle; background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total current assets</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">14,821,665</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: middle; padding-bottom: 2px;">
                            <div style="color: rgb(0, 0, 0);">Non-current assets</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0);">5,434,180</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; padding-bottom: 2px; vertical-align: middle; background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total assets</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">20,255,845</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: bottom;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: middle; background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0);">Current liabilities</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0);">5,818,170</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: middle; padding-bottom: 2px;">
                            <div style="color: rgb(0, 0, 0);">Non-current liabilities</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0);">1,179,618</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; padding-bottom: 2px; vertical-align: middle; background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total liabilities</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">6,997,788</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="width: 88%; padding-bottom: 2px; vertical-align: middle; background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">Net assets acquired</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">13,258,057</div>
                          </td>
                          <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 2px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>

                    </table>

                    <div> <br>
                    </div>

                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                    <div style="font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Goodwill arising on acquisition </div>

                    <div><br>
                    </div>

                    <table cellspacing="0" cellpadding="0" id="z468f79535a364efb9f12440ae980b0bc" style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="cfttable">

                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%;">
                            <div style="color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Cost of investment</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: middle; white-space: nowrap;" colspan="2">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF;">
                            <div style="color: rgb(0, 0, 0);">Cash consideration</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0);">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0);">22,236,111</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px;">
                            <div style="color: rgb(0, 0, 0);">Share consideration</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0);">37,923,860</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF;">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">Total cost of investment</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">60,159,971</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px;">
                            <div>Less: Net assets value</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                            <div>13,258,057</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-weight: bold;">Original excess purchase price</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">46,901,914</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; white-space: nowrap;">
                            <div style="font-weight: bold;">Fair value adjustments</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-style: italic;">&#160;&#160;&#160;&#160;&#160;Real Property</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div>76,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; white-space: nowrap;">
                            <div style="font-style: italic; font-weight: bold;">New intangibles:</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF;">
                            <div style="font-style: italic;">&#160;&#160;&#160;&#160;&#160;Patents</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div>17,275,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%;">
                            <div style="font-style: italic;">&#160;&#160;&#160;&#160;&#160;Process know-how (IPR&amp;D)</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                            <div>2,599,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
                            <div style="font-style: italic;">&#160;&#160;&#160;&#160;&#160;Order backlog</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                            <div>247,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; white-space: nowrap;">
                            <div style="font-weight: bold;">Total intangibles acquired</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">20,121,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; background-color: #CCEEFF;">
                            <div>Deferred tax liability arising from the recognition of intangibles and real property valuation</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0);">(4,444,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0);">)</div>
                          </td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px;">
                            <div>Deferred tax assets on tax losses carried forward</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0);">1,915,000</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: middle; width: 88%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-weight: bold;">Remaining Goodwill</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="color: rgb(0, 0, 0); font-weight: bold;">29,233,914</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>

                    </table>

                  <div><br>
                  </div>

                <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The fair value of the
                        assets acquired and liabilities assumed was based on a Purchase Price Allocation of SerEnergy and FES conducted by an independent third party.</font><br>
                    </div>

                    <div><br>
                    </div>

                  <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                      <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The
                        acquired businesses specialize in the manufacturing of hydrogen fuel cell systems and align with Advent&#8217;s ability to provide clean power in the stationary, remote, portable and off-grid markets under the &#8220;Any Fuel. Anywhere.&#8221; value
                        proposition. The Company&#8217;s ability to deliver hydrogen through liquid fuels allows it to have immediate market opportunity today, without having to wait for the global hydrogen infrastructure to develop. The acquisitions also
                        accelerate the Company&#8217;s strategy to cover the full vertical supply chain with its products and puts the Company in a competitive position to deliver reliable, efficient and cost-effective fuel cell systems with a new product
                        portfolio of the latest high temperature-PEM fuel cells covering a range of 25W to 90kW systems. The acquisitions also make Advent a leading manufacturer of high temperature fuel cells across Europe and Asia. Expanding the business
                        in Europe and Asia is a strategic move and allows the Company to have well-placed production capabilities and market penetration.</div>
                     </div>

                    <div><br>
                    </div>

                  <div>
                      <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Included
                        in goodwill is the value of assembled workforce, which under FASB ASC topic 805, does not meet either the contractual-legal or the separability criterion in order to be separately valued as an intangible asset. As part of the
                        acquisition, the Company acquired fully trained personnel thereby avoiding the expenditure that would have been required to hire and train equivalent personnel. The assembled workforce included in goodwill was valued at $2.4 million
                        applying the cost approach.</div>
                     </div>

                    <div><br>
                    </div>

                  <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                      <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Goodwill
                        is not expected to be deductible for tax purposes.</div>

                      <div> <br>
                      </div>

                      <div><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> Intangible assets</font><br>
                      </div>
                     </div>

                    <div><br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The intangible assets
                      recognized on the acquisition of SerEnergy and FES are as follows:</div>
                   </div>

                  <div><br>
                  </div>

                  <div style="text-align: justify; font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Patents</div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Two groups
                    of patents are assumed to be the most significant drivers of future cash flows. The patents relate to improvements in gaskets, bipolar plates and cooling plates for fuel cells. The fair value of patents was determined by applying the
                    multi-period excess earnings method which is an income approach. The discount rate used for the valuation of patents was 7.2%. Patents are amortized over 10 years since management assumes, that these groups of patents will continue to
                    drive cash flows for 10 years, after which new patents will be of more relevance.</div>

                  <div><br>
                  </div>

                  <div style="text-align: justify; font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Process
                    know-how (IPR&amp;D)</div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">SerEnergy
                    and FES are currently developing cost reduction initiatives (unpatented know-how) related to membrane electrode assembly, bipolar plates, gaskets, burner/reformer and electronics. This IPR&amp;D is evaluated as a significant asset for
                    the business as it will allow significant cost reduction leading to higher profits in the future. These cost reductions are expected to be introduced beginning in 2022. The multi-period excess earnings method was applied to calculate
                    the fair value of this asset. The discount rate used for the valuation of IPR&amp;D was 10.1%. IPR&amp;D is amortized over its useful life of 6 years, being the average timespan of a generation of fuel cell modules.</div>

                  <div><br>
                  </div>

                  <div style="text-align: justify; font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Order
                    backlogs</div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Order
                    backlogs recognized are in respect of two main customers of SerEnergy. The assessment of this asset was based on the total amount of order backlog attributable to these customers. The fair value was determined applying the income
                    approach. Resulting cash flows after tax were discounted to present value by a minimal discount rate as the backlog&#8217;s timespan is less than a year.</div>

                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="z9864667764a447f7a1a6011a9f4fce44" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">4.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="color: rgb(0, 0, 0); font-weight: bold;">Related party disclosures:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The amounts included in the accompanying consolidated balance sheets
                      and consolidated statements of operations are as follows:</div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </div>

                    <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                      <table cellspacing="0" cellpadding="0" id="z840067f4d8914831b526141e93615639" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                          <tr>
                            <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                              <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">September 30, 2021
                                <div>(Unaudited)<br>
                                </div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                            <td colspan="2" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">December 31, </div>
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">2020</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">
                              <div style="font-family: &#38;amp; font-weight: bold;">Due to related parties</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: center; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom; text-align: center; border-bottom: #000000 solid 2px;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Unpaid</div>
                              <div style="color: rgb(0, 0, 0); font-weight: bold;"> compensation<br>
                              </div>
                              <div style="color: rgb(0, 0, 0); font-weight: bold;"> cost<br>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
                              <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">
                                <div style="color: rgb(0, 0, 0); font-weight: bold;">Unpaid</div>
                                <div style="color: rgb(0, 0, 0); font-weight: bold;"> compensation<br>
                                </div>
                                <div style="color: rgb(0, 0, 0); font-weight: bold;"> cost</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                              <div style="font-family: &#38;amp;">Vassilios Gregoriou</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">
                                <div style="color: rgb(0, 0, 0);">$</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">
                                <div style="color: rgb(0, 0, 0);">-</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">
                                <div style="color: rgb(0, 0, 0);">$</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">
                                <div style="color: rgb(0, 0, 0);">613,971</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 76%;">Emory Sayre De Castro</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                            </td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">425,528</div>
                            </td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">Christos Kaskavelis</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">-</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">75,160</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">Charalampos Antoniou</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">30,000</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">-</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Total</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">
                                <div style="color: rgb(0, 0, 0);">$</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">
                                <div style="color: rgb(0, 0, 0);">30,000</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">
                                <div style="color: rgb(0, 0, 0);">$</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">
                                <div style="color: rgb(0, 0, 0);">1,114,659</div>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>
                    </div>

                    <div><br>
                    </div>

                    <table cellspacing="0" cellpadding="0" border="0" id="z8b359025c66b489e91fafc876ca9b2af" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                        <tr>
                          <td valign="bottom" style="vertical-align: top; width: 76%; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: top; width: 1.03%;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                            <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">September 30,</div>
                            <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">&#160;2021
                              <div>(Unaudited)</div>
                            </div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
                            <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">December 31, </div>
                            <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">2020</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 76%; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">Due from related parties</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                            <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Prepayment</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.03%; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.03%; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                            <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;"> Prepayment</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1.03%; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
                            <div style="font-family: &#38;amp;">Charalampos Antoniou</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.16%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">-</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.16%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">67,781</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Total</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1.03%; padding-bottom: 4px;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.16%; border-bottom: 4px double rgb(0, 0, 0);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">-</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9.16%; border-bottom: 4px double rgb(0, 0, 0);">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">67,781</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.03%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        </tr>

                    </table>

                  <div><br>
                  </div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The
                    outstanding balances as of December 31, 2020 due to/from the Company&#8217;s executives and officers relating to unpaid compensation and prepaid services were settled during the first quarter of 2021.</div>

                  <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0);"> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The
                      Company executives, Vassilios Gregoriou, Christos Kaskavelis, Emory Sayre De Castro, James Coffey and William Hunter, each received a signing bonus and transaction bonus upon the consummation of the merger in an aggregate amount of
                      $5.6 million, which is included in administrative and selling expenses in the statement of operations for the nine months period ended September 30, 2021.</div>

                  <div> <br>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="ze8ccd86179254249ade642646365fe6d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">5.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Inventories:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Inventories consist of the following:</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><br>
                    </div>

                    <table cellspacing="0" cellpadding="0" border="0" id="zeb858ca634e249e7bc2aba0c9808c9e1" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left; width: 100%;" class="cfttable">

                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="2">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">September 30, 2021
                              <div>(Unaudited)<br>
                              </div>
                            </div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="2">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">December 31, </div>
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">2020</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Raw materials and supplies</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp;">5,598,574</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                            <div style="font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
                            <div style="font-family: &#38;amp;">107,939</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Total</div>
                          </td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;" colspan="1">
                            <div style="font-family: &#38;amp; font-weight: bold;">5,598,574</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                          <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1">&#160;</td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px;" colspan="1">
                            <div style="font-family: &#38;amp; font-weight: bold;">107,939</div>
                          </td>
                          <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;" colspan="1">&#160;</td>
                        </tr>

                    </table>

                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="z28bd7ce3376a4f3a9b1f5d93c0956850" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">6.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Prepaid expenses and other current assets:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Prepaid expenses and other current assets are analyzed as follows:</div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </div>

                    <div>
                      <table cellspacing="0" cellpadding="0" id="ze2ac26addf7940eb84adebcff370a801" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;" class="cfttable">

                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="2">
                              <div style="text-align: center; color: rgb(0, 0, 0);"><font style="font-weight: bold;">September 30, 2021 </font></div>
                              <div style="text-align: center; color: rgb(0, 0, 0);">(Unaudited)</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; border-top: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                            <td style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-top: 2px solid rgb(0, 0, 0);" colspan="2">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">December 31, 2020<br>
                              </div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">VAT receivable</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">826,973</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">259,831</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 76%; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">Grants receivable</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">597,155</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">95,064</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: middle; width: 76%; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">Other current assets</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">520,007</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">140,126</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0);">Prepaid expenses</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">1,822,962</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0);">1,724</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">Total</div>
                            </td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">3,767,096</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">496,745</div>
                            </td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                          </tr>

                      </table>
                    </div>

                  <div><br>
                  </div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Prepaid
                    expenses as of September 30, 2021 mainly include prepayments to insurers for directors&#8217; and officers&#8217; insurance services for liabilities that may arise in their capacity as directors and officers of a public entity.</div>

                  <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                  <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>
                  <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">20</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="z23208a2f69374e98937cd1ce11eaba5c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 21.3pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">7.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Property and equipment, net:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">During the nine-month period
                    ended September 30, 2021, additions to property, plant and equipment of $2.7 million include leasehold improvements, machinery, office and other equipment. Additionally, upon acquisition of UltraCell LLC, the Company acquired property
                    and equipment with a net book value of $0.01 million. Upon acquisition of SerEnergy and FES, the Company acquired property and equipment with a net book value of $5.4 million. There are no collaterals or other commitments on the
                    Company&#8217;s property and equipment.</div>

                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>
                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
                <div style="color: rgb(0, 0, 0);"> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                  <table cellspacing="0" cellpadding="0" id="z1549ad3c607c410a94d1145088b74d31" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                      <tr style="vertical-align: top;">
                        <td style="vertical-align: top; width: 21.3pt;">
                          <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;"><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">8.<br>
                            </font></div>
                        </td>
                        <td style="align: left; vertical-align: top; width: auto;">
                          <div style="text-align: left; color: rgb(0, 0, 0); font-weight: bold;"><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Other non-current assets:</font></div>
                        </td>
                      </tr>

                  </table>
                </div>

              <div style="color: rgb(0, 0, 0);">
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> Other non-current assets as of&#160;
                    September 30, 2021 include mainly advances to suppliers for the acquisition of fixed assets of $1,917,856 and guarantees paid as a security for the rental of premises of $167,626.</div>

                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>
                <div style="text-align: justify;"> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                  </font> </div>
                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="zdd400f24318f444f976eea0ac90b568a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">9.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Trade and other payables:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><br>
                  </div>

                    <table cellspacing="0" cellpadding="0" border="0" id="ze3be337c1e014222aa8cd7163734cf8a" class="cfttable" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left; width: 100%;">

                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">September 30, 2021
                              <div>(Unaudited)<br>
                              </div>
                            </div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">December 31,</div>
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;"> 2020</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Trade payables and other payables</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">5,522,624</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">881,394</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Total</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">5,522,624</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">881,394</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        </tr>

                    </table>

                  <div><br>
                  </div>

                  <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">Trade
                    payables include balances of suppliers and consulting service providers. Other payables include $1.8 million for executive severance as of September 30, 2021.</div>

                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                  <table cellspacing="0" cellpadding="0" id="z3a502202dd8545b590a106591380c2a7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">10.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Other current liabilities:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                    <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Other current liabilities are analyzed as follows:</div>

                    <div><font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><br>
                    </div>

                    <table cellspacing="0" cellpadding="0" id="z0f06b4e85ccf478c9f8d94e07db661af" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="text-align: center; font-family: &#38;amp; font-weight: bold;">September 30, 2021
                              <div>(Unaudited)<br>
                              </div>
                            </div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: #000000 solid 2px; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); text-align: center; white-space: nowrap;">
                            <div style="font-weight: bold;">December 31,</div>
                            <div style="font-weight: bold;"> 2020</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF;">
                            <div style="font-family: &#38;amp;">Accrued expenses for legal and consulting fees</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">1,110,587</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                            <div style="font-family: &#38;amp;">814,965</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 2px;">
                            <div style="font-family: &#38;amp;">Other accruals and short-term payables</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="font-family: &#38;amp;">6,485,032</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                            <div style="font-family: &#38;amp;">89,414</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        </tr>
                        <tr>
                          <td valign="bottom" style="vertical-align: bottom; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Total</div>
                          </td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">7,595,619</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                            <div style="font-family: &#38;amp; font-weight: bold;">904,379</div>
                          </td>
                          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        </tr>

                    </table>

                <div>
                    <div style="text-align: justify;"> <br>
                      </div>

                    <div> </div>

                    <div style="text-align: justify;">Other accruals and short-term payables as of September 30, 2021 include an amount of $4,366,802, which is
                        payable to F.E.R. fischer Edelstahlrohre GmbH to complete the acquisition of SerEnergy and FES, as discussed in Note 3(c). Other accruals and short-term payables as of September 30, 2021 also include an amount of $127,104, being the
                        current portion of the accrued warranty reserve discussed in Note 11.<br>
                    </div>

                  <div><br>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
              <div>
                  <div style="display:none;"><br>
                  </div>
                  <div style="color: rgb(0, 0, 0); font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; text-align: justify;">
                    <table cellspacing="0" cellpadding="0" id="z7d1ece921e514f8687e0dcb3a9910df1" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                        <tr>
                          <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">11.</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;">
                            <div style="font-weight: bold;">Other long-term liabilities:</div>
                          </td>
                        </tr>

                    </table>
                  </div>

                  <div style="display:none;"><br>
                  </div>
                  <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"> <br>
                  </div>

                <div style="letter-spacing: normal; white-space: normal; word-spacing: 0px; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-align: justify; text-transform: none;">
                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Other
                        long-term liabilities as of September 30, 2021 mainly include an amount of $940,972, being the non-current portion of a total accrued warranty reserve of $1,068,076. We accrue a warranty reserve of 8% of the sale price of the fuel
                        cells sold. Warranty reserve is released when repairs or replacements are carried out in relation to items under warranties or when the warranty period for the fuel cell expires. The portion of the warranty reserve expected to be
                        incurred within the next 12 months is included within Other current liabilities (Note 10), while the remaining balance is included within Other long-term liabilities on the consolidated balance sheets.</font></div>

                  <div><br>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="ze1bd95afcd3e462e8f92cc76633b9dd4" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">12.</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-weight: bold;">Private Placement Warrants and Working Capital Warrants:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">In connection with the Business
                    Combination, the Company has assumed 3,940,278 Private Placement Warrants issued upon AMCI&#8217;s Initial Public Offering. In addition, upon the closing of the Business Combination, the working capital loan provided by AMCI&#8217;s Sponsor to AMCI
                    was converted into 400,000 Working Capital Warrants, which were also assumed. The terms of the Working Capital Warrants are the same as those of the Private Placement Warrants.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">21</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">As of September 30, 2021, the
                    Company had 4,340,278 Private Placement Warrants and Working Capital Warrants outstanding. Each Private Placement Warrant and Working Capital Warrant entitles the registered holder to purchase one share of Common Stock at a price of
                    $11.50 per share, subject to adjustment, at any time commencing 30 days after the completion of the Business Combination. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon
                    redemption or liquidation.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">The Private Placement Warrants
                    and Working Capital Warrants are identical to the Public Warrants, except that the Private Placement Warrants and Working Capital Warrants and the common stock issuable upon the exercise of those warrants will not be transferable,
                    assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants and Working Capital Warrants will be exercisable on a cashless basis
                    and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If those warrants are held by someone other than the initial purchasers or their permitted transferees, they will be redeemable by
                    the Company and exercisable by such holders on the same basis as the Public Warrants. As of September 30, 2021, the Private Placement Warrants and Working Capital Warrants are held by its initial purchasers.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">According to the provisions of
                    the Private Placement Warrants and Working Capital Warrants warrant agreements, the exercise price and number of shares of common stock issuable upon exercise of those warrants may be adjusted in certain circumstances including in the
                    event of a stock dividend, or recapitalization, reorganization, merger or consolidation. Private Placement Warrants and Working Capital Warrants are classified as liabilities in accordance with the Company&#8217;s evaluation of the provisions
                    of ASC 815- 40-15, which provides that a warrant is not indexed to the issuer&#8217;s common stock if the terms of the warrant require an adjustment to the exercise price upon a specified event and that event is not an input to the fair value
                    of the warrant with a fixed exercise price and fixed number of underlying shares.</div>

                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>

                  <table cellspacing="0" cellpadding="0" id="zab7e5257b09a47448f868aae9490e46d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">13.</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-weight: bold;">Stockholders&#8217; Equity / (Deficit):</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">Shares
                    Authorized</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">As of September 30, 2021, the
                    Company had authorized a total of 111,000,000 shares for issuance with 110,000,000 shares designated as common stock, par value $0.0001 per share and 1,000,000 shares designated as preferred stock, par value $0.0001 per share.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">Common Stock<br>
                  </div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;"> <br>
                  </div>

                <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">
                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On April 9, 2021, 22,798
                        common shares were issued in connection with the exercise of public warrants discussed below.</font> </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On August
                      31, 2021, 5,124,846 common shares were issued in connection with the share consideration for the acquisition of SerEnergy and FES discussed in Note 3(c).</div>

                    <div><br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As of
                      September 30, 2021, the Company&#8217;s issued and outstanding common shares were 51,253,591.</div>
                   </div>
              </div>
              <div>
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); font-variant: normal; text-transform: none;">Public
                    Warrants</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">In connection with the Business
                    Combination, the Company has assumed Public Warrants issued upon AMCI&#8217;s Initial Public Offering.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">As of March 31, 2021, the
                    Company had 22,052,077 Public Warrants outstanding. Each Public Warrant entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment, at any time commencing 30 days after the
                    completion of the Business Combination. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. During the second quarter of 2021, certain warrant holders
                    exercised their option to purchase an additional 22,798 shares at $11.50. These exercises generated $262,177 additional proceeds to the Company and increased our shares outstanding by 22,798 shares. Following these exercises, as of
                    September 30, 2021, the Company&#8217;s Public Warrants amounted to 22,029,279.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                  <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">22</font></div>
                  <div class="DSPFPageBreak" style="page-break-after: always;">
                    <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                  <div class="DSPFPageHeader" style="width: 100%;">
                    <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                    </div>
                  </div>
                </div>

                  <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">Once the warrants become exercisable, the Company may
                    redeem the Public Warrants:</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div>
                    <table cellspacing="0" cellpadding="0" id="za72b2a9b0e2d4e75bc50c1395c23a343" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                        <tr style="vertical-align: top;">
                          <td style="vertical-align: top; width: 18pt;">
                            <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">&#8211;</div>
                          </td>
                          <td style="align: left; vertical-align: top; width: auto;">
                            <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">in whole and not in
                              part;</div>
                          </td>
                        </tr>

                    </table>
                  </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">
                    <div>
                      <table cellspacing="0" cellpadding="0" id="z4c62fa32da8e44ff9fab2c727e762305" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                          <tr style="vertical-align: top;">
                            <td style="vertical-align: top; width: 18pt;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">&#8211;</div>
                            </td>
                            <td style="align: left; vertical-align: top; width: auto;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">at a price of $0.01
                                per warrant;</div>
                            </td>
                          </tr>

                      </table>
                    </div>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">
                    <div>
                      <table cellspacing="0" cellpadding="0" id="za02bc243703a48c992fc68adabab8e0d" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                          <tr style="vertical-align: top;">
                            <td style="vertical-align: top; width: 18pt;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">&#8211;</div>
                            </td>
                            <td style="align: left; vertical-align: top; width: auto;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">upon not less than
                                30 days&#8217; prior written notice of redemption;</div>
                            </td>
                          </tr>

                      </table>
                    </div>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">
                    <div>
                      <table cellspacing="0" cellpadding="0" id="zf5ab781bb805465e9d66a1a0ea4282a2" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                          <tr style="vertical-align: top;">
                            <td style="vertical-align: top; width: 18pt;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">&#8211;</div>
                            </td>
                            <td style="align: left; vertical-align: top; width: auto;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">if, and only if, the
                                reported last sale price of the Company&#8217;s common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending three business days before the Company sends the notice of redemption to
                                the warrant holders; and</div>
                            </td>
                          </tr>

                      </table>
                    </div>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">
                    <div>
                      <table cellspacing="0" cellpadding="0" id="z6d6cd1e2f5ab419e89149086ee0a2377" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                          <tr style="vertical-align: top;">
                            <td style="vertical-align: top; width: 18pt;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">&#8211;</div>
                            </td>
                            <td style="align: left; vertical-align: top; width: auto;">
                              <div style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">if, and only if,
                                there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.</div>
                            </td>
                          </tr>

                      </table>
                    </div>
                   </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="color: rgb(0, 0, 0); text-align: justify; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">If the Company calls the Public
                    Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a &#8220;cashless basis,&#8221; as described in the warrant agreement. The exercise price and number of shares of
                    common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will not be
                    adjusted for issuance of common stock at a price below its exercise price. In addition, the warrant agreement provides that in case of a tender offer or exchange that involves 50% or more of the Company&#8217;s stockholders, the Public
                    Warrants may be settled in cash, equity securities or other assets depending on the kind and amount received per share by the holders of the common stock in such consolidation or merger that affirmatively make such election.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <font style="font-style: normal;"> </font> </font></div>

                <div style="color: rgb(0, 0, 0); text-align: justify; background-color: rgb(255, 255, 255); font-style: normal; font-variant: normal; text-transform: none;">
                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Public Warrants are classified in equity in
                      accordance with the Company&#8217;s evaluation of the provisions of ASC 480 and ASC 815. The Company analyzed the terms of the Public Warrants and concluded that there are no terms that provide that the warrant is not indexed to the
                      issuer&#8217;s common stock. The Company also analyzed the tender offer provision discussed above, and considering that upon the Closing of the Business Combination the Company has a single class of common shares, concluded that the
                      exception discussed in ASC 815-40-25 applies, and thus equity classification is not precluded.</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div style="font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Compensation
                      Plans</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">The Company&#8217;s Board of Directors and shareholders
                      previously approved the 2021 Equity Incentive Plan (the &#8220;Plan&#8221;) to reward certain employees and directors of the Company. The Plan has been established to advance the interests of the Company by providing for the grant to Participants
                      of Stock and Stock-based Awards. The maximum number of shares of Stock that may be delivered in satisfaction of Awards under the Plan is 6,915,892 shares (the &#8220;Initial Share Pool&#8221;).</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div style="font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Stock
                      Options</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div style="background-color: #FFFFFF; color: #000000; font-variant: normal; text-transform: none;">Pursuant to and subject to the terms of the 2021 Equity Incentive
                      Plan the Company entered into separate Stock Option Agreements with each participant according to which each participant is granted an option (the &#8220;Stock Option&#8221;) to purchase up to a specific number of shares of Stock set forth in
                      each agreement with an exercise price equal to the market price of Company&#8217;s stock at the date of grant. <font style="color: #000000; font-variant: normal; font-style: normal;">Stock options have been
                          granted as follows: </font></div>

                      <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <br>
                      </div>

                      <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">
                        <table cellspacing="0" cellpadding="0" id="z81b32ab4117b4137b1a3d0991e41d243" class="cfttable" style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 76%;">
                                <div style="font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Grant date</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                                <div style="text-align: center; font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Number of shares</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                                <div style="text-align: center; font-weight: bold; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Strike price</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">June 11, 2021</div>
                              </td>
                              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">1,959,500</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">10.36</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; width: 76%; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">August 24, 2021</div>
                              </td>
                              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">230,529</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">7.62</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; width: 76%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">August 31, 2021</div>
                              </td>
                              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">457,133</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">7.40</div>
                              </td>
                              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; white-space: nowrap;">&#160;</td>
                            </tr>

                        </table>
                      </div>

                    <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> <br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none; font-weight: normal; font-style: normal;">The Stock
                      Options are granted to each Participant in connection with their employment with the Company. The Stock Options vest on a graded basis over four years. The Company has a policy of recognizing compensation cost on a straight-line basis
                      over the total requisite service period for the stock options. The Company has recognized compensation cost of $1,218,532 in respect of Stock Options granted, which is included in administrative and selling expenses in the statement
                      of operations for the nine months ended September 30, 2021. The Company has also a policy of accounting for forfeitures when they occur.</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                      <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;"> </font></div>

                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">23</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>

                      <div style="color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">The following table presents the assumptions used to estimate the fair value of the
                        stock options as of the Grant Date:</div>

                  <div>
                        <div><br>
                        </div>

                        <table cellspacing="0" cellpadding="0" border="0" id="z049279421a924a929197a7673d939587" style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" class="cfttable">

                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 46%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="10">
                                <div style="text-align: center; font-weight: bold;">Assumptions</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 46%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                                <div style="text-align: center; font-weight: bold;">Stock options granted </div>
                                <div style="text-align: center; font-weight: bold;">on June 11, 2021</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                                <div style="text-align: center; font-weight: bold;">Stock options granted</div>
                                <div style="text-align: center; font-weight: bold;">on August 24, 2021</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                                <div style="text-align: center; font-weight: bold;">Stock options granted </div>
                                <div style="text-align: center; font-weight: bold;">on August 31, 2021</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; width: 46%; background-color: rgb(204, 238, 255); white-space: nowrap;">
                                <div>Expected volatility</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                                <div>50.0</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                                <div>%</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                                <div>60.7</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                                <div>%</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="1">
                                <div>65.7</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" colspan="1">
                                <div>%</div>
                              </td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; width: 46%; white-space: nowrap;">
                                <div>Risk-free rate</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; white-space: nowrap;" colspan="1">
                                <div>1.0</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                                <div>%</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; white-space: nowrap;" colspan="1">
                                <div>1.0</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                                <div>%</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 15%; white-space: nowrap;" colspan="1">
                                <div>1.0</div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; width: 1%; white-space: nowrap;" colspan="1">
                                <div>%</div>
                              </td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 46%; white-space: nowrap;">
                                <div>Time to maturity</div>
                              </td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="2">
                                <div>6.075 years <br>
                                </div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="2">
                                <div>6.25 years <br>
                                </div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                              <td valign="bottom" style="vertical-align: bottom; text-align: right; background-color: rgb(204, 238, 255); white-space: nowrap;" colspan="2">
                                <div>6.25 years <br>
                                </div>
                              </td>
                              <td valign="bottom" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; white-space: nowrap;" colspan="1">&#160;</td>
                            </tr>

                        </table>
                       </div>

                    <div> <br>
                    </div>

                    <div><br>
                    </div>

                      <div style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The following table summarizes the activities
                        for our unvested stock options for the nine months ended September 30, 2021:</div>

                      <div><br>
                      </div>

                      <table cellspacing="0" cellpadding="0" id="zeb9d2975225d4bcf899a0cfeb7c8eabc" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;" class="cfttable">

                          <tr>
                            <td valign="bottom" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; white-space: nowrap;">
                              <div style="text-align: center; font-weight: bold;">Unvested Shares</div>
                            </td>
                            <td valign="bottom" colspan="1" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                              <div style="text-align: center; font-weight: bold;">Number of Shares</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                              <div style="text-align: center; font-weight: bold;">Grant Date</div>
                              <div style="text-align: center; font-weight: bold;">Fair Value</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">Unvested as of December 31, 2020</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">-</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;"><br>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; vertical-align: bottom;">
                              <div>Granted on June 11, 2021<br>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom;">
                              <div>1,959,500</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">
                              <div>$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; white-space: nowrap;">
                              <div>5.04</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="width: 76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">Granted on August 24, 2021</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">230,529</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">$</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">4.32</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="width: 76%; vertical-align: bottom; padding-bottom: 2px;">Granted on August 31, 2021</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">457,133</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">$</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">4.45</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">Unvested as of September 30, 2021</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">2,647,162</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div style="font-weight: bold;"><br>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"> <br>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>

                    <div><br>
                       </div>

                    <div> </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As of
                      September 30, 2021, there was $11.7 million of unrecognized compensation cost related to unvested stock options. This amount is expected to be recognized over the remaining vesting period of stock options.</div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Restricted
                      Stock Units</div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Pursuant
                      to and subject to the terms of the 2021 Equity Incentive Plan the Company entered into separate Restricted Stock Units (&#8220;RSUs&#8221;) with each participant. On the Grant Date of RSUs, the Company grants to each participant a specific number
                      of RSUs as set forth in each agreement, giving each participant the conditional right to receive without payment one share of Stock. The RSUs are granted to each participant in connection with their ongoing employment with the
                      Company. The Company has in place Restricted Stock Unit Agreements that vest within 1 year and Restricted Stock Unit Agreements that vest on a graded basis over four years.&#160; The Company has a policy of recognizing compensation cost on
                      a straight-line basis over the total requisite service period. The Company has recognized compensation cost of $2,790,176 in respect of RSUs, which is included in administrative and selling expenses in the statement of operations for
                      the nine months ended September 30, 2021. The Company has also a policy of accounting for forfeitures when they occur.</div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                      <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                      <div style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The following table summarizes the activities
                        for our unvested restricted stock units ("RSUs") for the nine months ended September 30, 2021:</div>

                      <div> <br>
                      </div>

                      <table cellspacing="0" cellpadding="0" id="zf01f7c4002604e72b738e2ca34f960a3" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;" class="cfttable">

                          <tr>
                            <td valign="bottom" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; white-space: nowrap;" rowspan="1">
                              <div style="text-align: center; font-weight: bold;">Unvested Restricted Stock Units</div>
                            </td>
                            <td valign="bottom" colspan="1" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                              <div style="text-align: center; font-weight: bold;">Number of Shares</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                              <div style="text-align: center; font-weight: bold;">Grant Date </div>
                              <div style="text-align: center; font-weight: bold;">Fair Value</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">Unvested as of December 31, 2020</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">-</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;"><br>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;"><br>
                              </div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; vertical-align: bottom;">
                              <div>Granted on June 11, 2021</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom;">
                              <div>2,036,716</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">
                              <div>$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; white-space: nowrap;">
                              <div>10.36</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="width: 76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">Granted on August 24, 2021</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">230,529</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">$</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">7.62</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" rowspan="1" style="width: 76%; vertical-align: bottom; padding-bottom: 2px;">Granted on August 31, 2021 <br>
                            </td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">457,122</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">$ <br>
                            </td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">7.40</td>
                            <td valign="bottom" rowspan="1" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">Unvested as of September 30, 2021</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">2,724,367</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"><br>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;"><br>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>

                    <div><br>
                    </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As of September 30, 2021, there was $23.4 million of unrecognized compensation cost related to unvested RSUs. This amount is expected to be recognized over the remaining vesting period of
                        Restricted Stock Unit Agreements. </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">24</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>

                    <div style="font-style: italic; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-variant: normal; text-transform: none;">Stock Grant
                      Plans</div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On March
                      26, 2020, the Company&#8217;s Board of Directors and shareholders approved the 2018-2020 Stock Grant Plan (the &#8220;2018-2020 Plan&#8221;) to reward certain employees and directors of the Company. The maximum aggregate number of shares that was able
                      to be issued under the Plan was 1,280,199 common shares. The Company entered into separate Restricted Stock Award Agreements with each participant according to which awards for 1,280,199 shares of common stock were granted with a
                      purchase price of $0.01 per share. Under the Plan, if the employee ceased to be employed with the Company for any reason prior to December 31, 2020, the Company had a limited repurchase period to repurchase the granted shares at a
                      price of $0.01 per share. If the Company did not exercise such repurchase option and unless the Company declined in writing to exercise its repurchase option prior to such time, the repurchase option was automatically deemed exercised
                      at the end of the repurchase window. This limited repurchase right lapsed upon the occurrence of a liquidation event. The repurchase feature was deemed equivalent to a forfeiture (vesting) provision. The shares vested over a period
                      ending December 31, 2020. The stock-based compensation was recognized to administrative and selling expenses over the vesting period and based on the fair value of the shares on the grant date. </div>

                    <div> <br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As of September 9, 2020, the
                        Company&#8217;s Board of Directors and shareholders approved the 2020-2023 Stock Grant Plan (the &#8220;2020-2023 Plan&#8221;) to reward certain employees and directors of the Company. The maximum aggregate number of shares that was able to be issued
                        under this plan was 893,503 common shares. The Company entered into separate Restricted Stock Award Agreements with each participant according to which awards for 893,503 shares of common stock were granted with a purchase price of
                        $0.01 per share. If the Company did not exercise such repurchase option and unless the Company declined in writing to exercise its repurchase option prior to such time, the repurchase option was automatically deemed exercised at the
                        end of the repurchase window. This limited repurchase right lapsed upon the occurrence of a liquidation event. The repurchase feature was deemed equivalent to a forfeiture (vesting) provision. The shares vested over a period ending
                        December 31, 2020. The stock-based compensation was recognized to administrative and selling expenses over the vesting period and based on the fair value of the shares on the grant date.</font></div>

                    <div> <br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The
                      Company recognized compensation cost of $413,396 in respect of the Restricted Stock Awards granted, which is included in administrative and selling expenses in the statement of operations for the nine months ended September 30, 2020.</div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                      <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                      <div style="font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The following table summarizes the activities
                        for our unvested restricted stock awards for the nine months ended September 30, 2020:</div>

                      <div><br>
                      </div>

                      <table cellspacing="0" cellpadding="0" id="z8f34351204f9420eafa3c6626e1b48d4" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;" class="cfttable">

                          <tr>
                            <td valign="bottom" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid; white-space: nowrap;" rowspan="1">
                              <div style="text-align: center; font-weight: bold;">Unvested Restricted Stock</div>
                              <div style="text-align: center; font-weight: bold;">Awards</div>
                            </td>
                            <td valign="bottom" colspan="1" style="padding-bottom: 2px; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                              <div style="text-align: center; font-weight: bold;">Number of Shares</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                            <td valign="bottom" colspan="2" style="vertical-align: bottom;">
                              <div style="text-align: center; font-weight: bold;">Grant Date</div>
                              <div style="text-align: center; font-weight: bold;">Fair Value</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">Unvested as of December 31, 2019</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">-</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">-</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; vertical-align: bottom; padding-bottom: 2px;">
                              <div>Granted</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                              <div>2,173,702</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">
                              <div>$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">
                              <div>0.40</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="width: 76%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">Unvested as of September 30, 2020</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 4px; border-bottom-style: double; background-color: rgb(204, 238, 255);">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 4px; border-bottom-style: double; background-color: rgb(204, 238, 255);">
                              <div style="font-weight: bold;">2,173,702</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div>$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 9%; text-align: right; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div>0.40</div>
                            </td>
                            <td valign="bottom" colspan="1" style="width: 1%; padding-bottom: 4px; vertical-align: bottom; background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">As of
                      September 30, 2020, there was $0.2 million of unrecognized compensation cost related to unvested restricted stock awards granted under the 2018-2020 Plan and $0.3 million of unrecognized compensation cost related to unvested
                      restricted stock awards granted under the 2020-2023 Plan. The amount of $0.5 million, in aggregate from both plans, was recognized through December 31, 2020.</div>

                  <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
              <div>
                <div>
                  <div>
                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                      <div>
                        <table cellspacing="0" cellpadding="0" id="z829720efec2c43488fed3d89a5636037" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" class="DSPFListTable">

                            <tr style="vertical-align: top;">
                              <td style="vertical-align: top; width: 18pt;">
                                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><font style="font-weight: bold;">14.</font></font></div>
                              </td>
                              <td style="align: left; vertical-align: top; width: auto;">
                                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><font style="font-weight: bold;">Revenue,

                                      net:</font></font></div>
                              </td>
                            </tr>

                        </table>
                      </div>

                      <div style="text-align: justify;"><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                        </font> </div>

                        <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Revenue, net is analyzed as follows:</font><br>
                        </div>

                        <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                          </font></div>
                       </div>

                      <table cellspacing="0" cellpadding="0" border="0" id="zea66d7bcf59f49459d3610488bfb9e75" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                          <tr>
                            <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 56%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                            <td colspan="6" rowspan="1" style="vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                              <div><font style="font-weight: bold;">Three months ended September 30,</font></div>
                              <div>(Unaudited)</div>
                            </td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                            <td valign="bottom" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">
                              <div style="text-align: center; font-weight: bold;"><br>
                              </div>
                            </td>
                            <td colspan="6" rowspan="1" style="vertical-align: top; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                              <div><font style="font-weight: bold;">Nine months ended September 30,</font></div>
                              <div>(Unaudited)<font style="font-weight: bold;"><br>
                                </font></div>
                            </td>
                            <td valign="bottom" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 56%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap;"><font style="font-weight: bold;">2021</font>&#160; </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: bottom; text-align: center; white-space: nowrap;">&#160;<font style="font-weight: bold;">2020</font> </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 1%; white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-weight: bold;">&#160;</div>
                            </td>
                            <td valign="bottom" colspan="2" rowspan="1" style="vertical-align: bottom; text-align: center; white-space: nowrap;">&#160;<font style="font-weight: bold;"> 2021</font> </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" style="vertical-align: bottom; width: 1%;">
                              <div style="text-align: center; color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">&#160;</div>
                            </td>
                            <td valign="bottom" colspan="2" rowspan="1" style="vertical-align: bottom; text-align: center;">&#160;<font style="font-weight: bold;"> 2020</font></td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 56%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Sales of goods</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">$ <br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 8%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">1,673,998<br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">$ <br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 8%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">225,412<br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">4,166,754</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">526,032</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                          </tr>
                          <tr>
                            <td valign="bottom" style="vertical-align: bottom; width: 56%; padding-bottom: 4px;">
                              <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Total revenue from contracts with customers</div>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); font-weight: bold; white-space: nowrap;">$ <br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 8%; border-bottom: 4px double rgb(0, 0, 0); font-weight: bold; white-space: nowrap;">1,673,998<br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; font-weight: bold; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; font-weight: bold; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); font-weight: bold; white-space: nowrap;">$ <br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 8%; border-bottom: 4px double rgb(0, 0, 0); font-weight: bold; white-space: nowrap;">225,412<br>
                            </td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;">
                              <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;">
                              <div style="font-family: &#38;amp; font-weight: bold;">4,166,754</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;">
                              <div style="font-family: &#38;amp; font-weight: bold;">$</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 8%; border-bottom: 4px double rgb(0, 0, 0); white-space: nowrap;">
                              <div style="font-family: &#38;amp; font-weight: bold;">526,032</div>
                            </td>
                            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                          </tr>

                      </table>

                    <div><br>
                    </div>

                    <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none; text-align: justify;">As of
                      September 30, 2021 and December 31, 2020 contract assets were $936,259 and $85,930, respectively. Also, the Company has recognized contract liabilities of $28,832 and $167,761 as of September 30, 2021 and December 31, 2020,
                      respectively.</div>

                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">25</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <!--PROfilePageNumberReset%Num%24%%%--> </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="z56bd55501ca144df9c5015d361835f5c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">15.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Fair value measurement:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The carrying amounts reflected
                    in the consolidated balance sheets of cash and cash equivalents, accounts receivables, net, other current assets, trade and other payables, due from/to related parties, other current liabilities and income tax payable approximate their
                    respective fair values due to the short maturity of these instruments.</div>

                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>
                <div><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="z5c56b96a46c940c9be3c4e5834d84f2e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">16.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Income Taxes</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">To calculate the interim tax
                    provision, at the end of each interim period the Company estimates the annual effective tax rate and applies that to its ordinary quarterly earnings. The effect of changes in the enacted tax laws or rates is recognized in the interim
                    period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and judgments including, but not limited to, the expected operating income for the year,
                    projections of the proportion of income earned and taxed in foreign jurisdictions, permanent differences between book and tax amounts, and the likelihood of recovering deferred tax assets generated in the current year. The accounting
                    estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained, or the tax environment changes.</div>

                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>
                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><br>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                  <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <table cellspacing="0" cellpadding="0" id="z73d75213f97241f18588f765d9f91fa5" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 18pt; vertical-align: top; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">17.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Commitments and contingencies:</div>
                        </td>
                      </tr>

                  </table>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div>
                    <table cellspacing="0" cellpadding="0" id="zc49142cd00154582adb9a2073aabe26e" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

                        <tr style="vertical-align: top;">
                          <td style="vertical-align: top; width: 36pt;">
                            <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><font style="font-weight: bold;">17.1</font></div>
                          </td>
                          <td style="align: left; vertical-align: top; width: auto;">
                            <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><font style="font-weight: bold;">Litigation</font></div>
                          </td>
                        </tr>

                    </table>
                  </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                    </font> </div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The Company is subject to legal
                    and regulatory actions that arise from time to time in the ordinary course of business. The assessment as to whether a loss is probable or reasonably possible, and as to whether such loss or a range of such loss is estimable, often
                    involves significant judgment about future events.</div>

                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </font></div>
                </div>

                <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

              <div>
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                <div>
                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">There is no material pending
                      or threatened litigation against the Company that remains outstanding as of September 30, 2021.</div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                      <table cellspacing="0" cellpadding="0" id="zc92c9334b72a41688330cbcd5a65c172" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                          <tr>
                            <td style="width: 36pt; vertical-align: top; font-size: 10pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">17.2</td>
                            <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;">
                              <div style="font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Guarantee letters<br>
                              </div>
                            </td>
                          </tr>

                      </table>
                    </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> <br>
                    </div>

                    <div style="text-align: justify;"><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">The Company has contingent liabilities in relation to performance guarantee letters and other guarantees provided to </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">third parties that arise from its normal business activity and from which no
                        substantial charges are expected to arise. As of September 30,&#160;2021, issued letters of guarantee amount to $2,776,164.</font></div>
                   </div>
                <div>
                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="z847539d3471e4f5faada4adaa3aa84cb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                        <tr>
                          <td style="width: 36pt; vertical-align: top; font-size: 10pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">17.3</td>
                          <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;">
                            <div style="font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Operating Leases</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On February 5, 2021, the
                      Company entered into a lease agreement by and among the Company, in its capacity as Tenant, and BP Hancock LLC, a Delaware limited liability company, in its capacity as Landlord. The lease provides for the rental by the Company of
                      office space at 200 Clarendon Street, Boston, MA 02116 for use as the Company&#8217;s executive offices. Under the terms of the lease, the Company leases 6,041 square feet at an initial fixed annual rent of $456,095. The term of the lease
                      is for five years (unless terminated as provided in the lease) and commenced on April 1, 2021. The Company provided security in the form of a security deposit in the amount of $114,023 which is included in Other non-current assets.</div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">On March 8, 2021, the Company
                      entered into a lease for 21,401 square feet as a product development and manufacturing center at Hood Park in Charlestown, MA. Under the terms of the lease, the Company will pay an initial fixed annual rent of $1,498,070. The lease
                      has a term of eight years and five months, with an option to extend for five years, and is expected to commence in May 2022. The Company is obliged to provide security in the form of a security deposit in the amount of $750,000 before
                      commencement of the lease.</div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </div>

                  <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                      <div><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">On August </font><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">31,&#160;2021, the Company through its wholly owned subsidiary, FES, entered into a lease agreement by and among the Company, in its capacity as lessee, and fischer group
                          SE &amp; Co. KG, having its registered seat in Achern, in its capacity as lessor.&#160; The lease provides for the rental by the Company of office space, workspace and outdoor laboratory at 77855 Achern, Im Gewerbegebiet 7 for use by
                          FES.&#160; Under the terms of the lease, the Company leases 1,017 square feet at a monthly basic rate of Euros 7,768 plus VAT. The Company provided security in the form of a parent guarantee for a maximum amount of Euro&#160;30,000.</font></div>
                     </div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <br>
                    </div>

                    <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> <font style="color: rgb(0, 0, 0); font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">Additionally, the Company&#8217;s subsidiaries Advent Technologies S.A.
                        and UltraCell LLC have in place rental agreements for the lease of office and factory spaces</font>.</div>
                   </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: rgb(0, 0, 0);">
              <div>
                <div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">26</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <!--PROfilePageNumberReset%Num%25%%%-->
                  <div>
                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font> </div>

                      <table cellspacing="0" cellpadding="0" id="zdf530af6cedd498f9d0ff031caef6e46" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

                          <tr>
                            <td style="width: 18pt; vertical-align: top; font-size: 10pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">18.</td>
                            <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;">
                              <div style="font-weight: bold;">Net income / (loss) per share</div>
                            </td>
                          </tr>

                      </table>

                      <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font></div>

                      <div style="text-align: justify; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Net income (loss) per share
                        is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period.<br>
                      </div>

                      <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font> </div>

                        <div style="text-align: justify; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">The following table sets forth the computation of the basic and
                          diluted net income / (loss) per share for the three months ended September 30, 2021 and 2020 and the nine months ended September 30, 2021 and 2020.</div>

                        <div><br>
                        </div>

                        <table cellspacing="0" cellpadding="0" border="0" id="z9d97883daf5745b9806a482fcac7260c" class="cfttable" style="font-family: 'Times New Roman'; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

                            <tr>
                              <td valign="bottom" style="vertical-align: bottom; font-size: 10pt; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                              <td colspan="6" rowspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                                <div> <font style="font-weight: bold;">Three months ended September 30,</font></div>
                                <div>(Unaudited)<font style="font-weight: bold;"><br>
                                  </font></div>
                              </td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                              <td valign="bottom" colspan="6" style="vertical-align: top; font-size: 10pt; text-align: center; border-bottom: #000000 solid 2px; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-weight: bold;">Nine months ended September 30,</div>
                                <div style="color: rgb(0, 0, 0); font-weight: bold;"><font style="font-weight: normal;">(Unaudited)</font><br>
                                </div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" rowspan="1" style="vertical-align: middle; font-size: 10pt;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="2" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <font style="font-weight: bold;">2021</font> <br>
                              </td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="2" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;"> <font style="font-weight: bold;">2020</font> <br>
                              </td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom;">&#160;</td>
                              <td valign="bottom" colspan="2" rowspan="1" style="vertical-align: bottom; font-size: 10pt; text-align: center;"><font style="font-weight: bold;">2021</font> <br>
                              </td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom;">&#160;</td>
                              <td valign="bottom" colspan="2" rowspan="1" style="vertical-align: bottom; font-size: 10pt; text-align: center;"><font style="font-weight: bold;">2020</font> <br>
                              </td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Numerator:</div>
                              </td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="2" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="2" rowspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom;">&#160;</td>
                              <td valign="bottom" colspan="2" style="vertical-align: bottom; font-size: 10pt; text-align: center;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: center; vertical-align: bottom;">&#160;</td>
                              <td valign="bottom" colspan="2" style="vertical-align: bottom; font-size: 10pt; text-align: center;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Net loss</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">$</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">(11,279,722</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">)</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">$</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">(748,816</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">)</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(11,517,360</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(1,418,037</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                              </td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Denominator:</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Basic weighted average number of shares</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">48,325,164<br>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">23,182,817<br>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">43,982,039</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">21,180,639</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" rowspan="1" style="vertical-align: middle; font-size: 10pt; width: 52%;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" rowspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">Diluted weighted average number of shares</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">48,325,164<br>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">23,182,817<br>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">43,982,039</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">
                                  <div>21,180,639</div>
                                </div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp; font-weight: bold;">Net loss per share:</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%; background-color: #CCEEFF;">
                                <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Basic</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">$</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">(0.23</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">)</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">$</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">(0.03</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">)</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(0.26</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">(0.07</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">)</div>
                              </td>
                            </tr>
                            <tr>
                              <td valign="bottom" style="vertical-align: middle; font-size: 10pt; width: 52%;">
                                <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Diluted</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">$</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">(0.23</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">)</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">$</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">(0.03</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">)</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">(0.26</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">
                                <div style="color: rgb(0, 0, 0); font-family: &#38;amp;">)</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; text-align: right; vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">$</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">(0.07</div>
                              </td>
                              <td valign="bottom" colspan="1" style="font-size: 10pt; vertical-align: bottom; width: 1%; white-space: nowrap;">
                                <div style="font-family: &#38;amp;">)</div>
                              </td>
                            </tr>

                        </table>

                    <div>
                        <div><br>
                        </div>
                       </div>
                    <div>
                        <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">Basic
                          net income / (loss) per share is computed by dividing net income / (loss) for the periods presented by the weighted-average number of common shares outstanding during these periods.</div>

                        <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font></div>

                        <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">Diluted </font>net income /(loss) per share is computed by dividing the net income / (loss), by the weighted average
                          number of common shares outstanding for the periods, adjusted for the dilutive effect of shares of common stock equivalents resulting from the assumed exercise of the Public Warrants, Private Placements Warrants, Working Capital
                          Warrants, Stock Options and Restricted Stock Units. The treasury stock method was used to calculate the potential dilutive effect of these common stock equivalents.</div>

                        <div> &#160;<font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                          </font></div>
                      </div>
                    <div>
                        <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;"><font style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">As </font>the Company incurred losses
                          for the three month and nine month periods ended September 30, 2021 and 2020, the effect of including any potential common shares in the denominator of diluted per-share computations would have been anti-dilutive; therefore, basic
                          and diluted losses per share are the same.</div>
                       </div>
                    <div><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">&#160;</font></div>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                <div>
                    <div> <font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <table cellspacing="0" cellpadding="0" id="z28035fcd368a46319ff24fce06202bce" style="font-family: 'Times New Roman'; font-size: 9pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" class="DSPFListTable">

                        <tr>
                          <td style="width: 18pt; vertical-align: top; font-size: 10pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">19.</td>
                          <td style="width: auto; vertical-align: top; text-align: justify; font-size: 10pt;">
                            <div style="font-weight: bold;">Subsequent Events</div>
                          </td>
                        </tr>

                    </table>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><br>
                      </font> </div>

                    <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font></div>

                  <div style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">
                      <div style="display:none;"><br>
                      </div>
                      <div style="color: rgb(0, 0, 0); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial; font-weight: bold;"><font style="font-weight: normal;">The </font><font style="font-weight: normal;">Company
                          evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that
                          would have required adjustment or disclosure in the financial statements.</font></div>
                     </div>
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font> </div>
                  <div><font style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"> </font><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">27</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div> <br>
                  </div>
                </div>
              </div>
            </div>
            <div style="font-family: 'Times New Roman'; color: #000000;">
              <div>
                <div> <a name="Item2."><!--Anchor--></a>
                  <table cellspacing="0" cellpadding="0" id="z0e2038817d744ce2b79ebea4719b8f5a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 2.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations.</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic;">The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our unaudited condensed consolidated financial statements
                    and related notes appearing elsewhere in this Quarterly Report on Form 10-Q, our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on March 26, 2021 (the
                    &#8220;Original Annual Report&#8221;), as amended by Amendment No. 1 to Form 10-K, filed with the SEC on May 20, 2021 (as so amended, the &#8220;2020 Annual Report&#8221;), our quarterly reports on Form 10-Q for the three months ended March 31, 2021, filed
                    with the SEC on May 20, 2021 (the &#8220;First Quarter Report&#8221;) and for the six months ended June 30, 2021, filed with the SEC on August 12, 2021, our Current Report on Form 8-K, as filed with the SEC on February 9, 2021 as further amended by
                    Amendment No. 2 to Form 8-K, filed with the SEC on March 26, 2021 (&#8220;Amendment No. 2&#8221;) and as further amended by Amendment No 3 to Form 8-K, filed with the SEC on May 20, 2021 (&#8220;Amendment No. 3,&#8221; and, the Original Form 8-K, as so amended
                    by Amendment No. 1, Amendment No. 2 and Amendment No. 3, the &#8220;Super Form 8-K&#8221;).</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic;">Some of the information contained in this discussion and analysis or set forth elsewhere in this Quarterly Report on Form 10-Q, including information with respect to our plans and
                    strategy for our business, includes forward-looking statements that involve risks and uncertainties. As a result of many factors, including those factors set forth in the &#8220;Item 1A. Risk Factors&#8221; section of this Quarterly Report on Form
                    10-Q and the &#8220;Item 1A. Risk Factors&#8221; section of our 2020 Annual Report, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and
                    analysis.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic;">This MD&amp;A generally discusses 2021 and 2020 items and year-over-year comparisons between 2021 and 2020. As used in this MD&amp;A, unless the context indicates otherwise, the
                    financial information and data relating to the three and nine months ended September 30, 2020 are those of Advent Technologies, Inc. and its subsidiaries, the financial information and data for the three months ended September 30, 2021
                    are those of Advent Technologies Holdings, Inc., and the financial information and data relating to the nine months ended September 30, 2021 are those of Advent Technologies, Inc. and its subsidiaries for the period prior to the Closing
                    and are those of Advent Technologies Holdings, Inc. for the period subsequent to the Closing. See Note 1 &#8220;Basis of Presentation&#8221; in the accompanying unaudited condensed consolidated financial statements for additional information.</div>
                  <div>&#160;</div>
                  <div style="font-weight: bold;">Overview</div>
                  <div style="text-align: justify;">Advent is an advanced materials and technology development company operating in the fuel cell and hydrogen technology space. Advent develops, manufactures and assembles the critical components that
                    determine the performance of hydrogen fuel cells and other energy systems. Advent&#8217;s core product offerings are full fuel cell systems and the Membrane Electrode Assembly (MEA) at the center of the fuel cell. The Advent MEA, which
                    derives its key benefits from the properties of Advent&#8217;s engineered membrane technology, enables a more robust, longer-lasting and ultimately lower-cost fuel cell product.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">To date, Advent&#8217;s principal operations have been to develop and manufacture MEAs, and to design fuel cell stacks and complete fuel cell systems for a range of customers in the stationary power, portable
                    power, automotive, aviation, energy storage and sensor markets. Advent has its headquarters in Boston, Massachusetts, a product development facility in Livermore, California, and production facilities in Greece, Denmark, Germany and
                    Philippines. In 2022, Advent anticipates opening its new research and development and manufacturing facility at Hood Park in Charlestown, Massachusetts.</div>
                  <div>&#160;</div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">28</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">The majority of Advent&#8217;s current revenue derives from the sale of fuel cell systems and MEAs, as well as the sale of membranes and electrodes for specific applications in the iron flow battery and
                    cellphone markets, respectively. While fuel cell systems and MEA sales and associated revenues are expected to provide the majority of Advent&#8217;s future income, both of these markets remain commercially viable and have the potential to
                    generate material future revenues based on Advent&#8217;s existing customers. Advent has also secured grant funding for a range of projects from research agencies and other organizations. Advent expects to continue to be eligible for grant
                    funding based on its product development activities over the foreseeable future.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-weight: bold;">Business Combination and Public Company Costs</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">On October 12, 2020, Advent Technologies, Inc. entered into the Merger Agreement with Advent Technologies Holdings, Inc. (formerly known as &#8220;AMCI&#8221;), a Delaware corporation, AMCI Merger Sub Corp., a
                    newly-formed Delaware corporation and wholly-owned subsidiary of AMCI (&#8220;Merger Sub&#8221;), AMCI Sponsor LLC, a Delaware limited liability company (&#8220;Sponsor&#8221;), in its capacity as Purchaser Representative (the &#8220;Purchaser Representative&#8221;) and
                    Vassilios Gregoriou, in the capacity as Seller Representative ( the &#8220;Seller Representative&#8221;), pursuant to which, effective February 4, 2021, Merger Sub merged with and into Advent Technologies Inc., with Advent Technologies Inc.
                    surviving the Merger as a wholly-owned subsidiary of AMCI. Advent Technologies Inc. is deemed the accounting predecessor and the combined entity is the successor registrant with the SEC, meaning that Advent Technologies Inc.&#8217;s financial
                    statements for previous periods will be disclosed in the registrant&#8217;s current and future periodic reports filed with the SEC.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">While the legal acquirer in the Merger Agreement is AMCI, for financial accounting and reporting purposes under GAAP, we have determined that Advent is the accounting acquirer and the Business Combination
                    will be accounted for as a &#8220;reverse recapitalization.&#8221; A reverse recapitalization does not result in a new basis of accounting, and the financial statements of the combined entity represent the continuation of the financial statements
                    of Advent in many respects. Under this method of accounting, AMCI is treated as the acquired entity whereby Advent is deemed to have issued common stock for the net assets and equity of AMCI, consisting mainly of cash, accompanied by a
                    simultaneous equity recapitalization of AMCI (the &#8220;Recapitalization&#8221;).</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Upon consummation of the Business Combination, the most significant change in Advent&#8217;s reported financial position and results was an increase in cash of approximately $141 million. Total direct and
                    incremental transaction costs of AMCI and Advent, along with liabilities of AMCI paid off at the Closing, were approximately $23.6 million.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">As a consequence of the Business Combination, Advent became the successor to an SEC-registered and Nasdaq-listed company which has required and will require Advent to hire additional personnel and
                    implement procedures and processes to address public company regulatory requirements and customary practices. Advent expects to incur additional annual expenses as a public company for, among other things, directors&#8217; and officers&#8217;
                    liability insurance, director fees and additional internal and external accounting, legal and administrative resources, including increased audit and legal fees.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">29</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">Additionally, Advent anticipates that its revenue, capital and operating expenditures will increase significantly in connection with its ongoing activities following the Business Combination, as Advent
                    expects to:</div>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z0ca5c2f2844e4611969aa946bebe732a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top;">
                          <div>Expand U.S.-based operations to increase capacity for product testing, development projects and associated research and development activities;</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z9b2f134dbf1f40b1984792ca7174d0cb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top;">
                          <div>Expand production facilities to increase and automate assembly and production of fuel cell systems and MEAs;</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z81df730674634887b785f21c5e7c34b7" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top;">
                          <div>Develop improved MEA and other products for both existing and new markets, such as ultra-light MEAs designed for aviation applications, to remain at the forefront of the fast-developing hydrogen economy;</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="zc455ab44b98f4092afa3d2606255a350" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top;">
                          <div>Increase business development and marketing activities;</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z99a7eef792734500ba2df04b3bc893ea" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>Increase headcount in management and head office functions in order to appropriately manage Advent&#8217;s increased operations;</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z954c53a33c634c64b3ed4f5de392db18" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>Improve its operational, financial and management information systems;</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z5982f2e296d6460d91f305c141d92264" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>Obtain, maintain, expand, and protect its intellectual property portfolio; and</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z877d9750221445dab05271957033b57d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>Operate as a public company.</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-weight: bold;">Change in Independent Registered Public Accounting Firm</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On February 9, 2021, the audit committee of the board of directors of the Company approved the engagement of Ernst &amp; Young (Hellas) Certified Auditors Accountants S.A. (&#8220;EY&#8221;) as the Company&#8217;s
                    independent registered public accounting firm to audit the Company&#8217;s consolidated financial statements for the year ending December 31, 2021. EY served as independent registered public accounting firm of Advent prior to the Business
                    Combination. Accordingly, Marcum LLP (&#8220;Marcum&#8221;), the Company&#8217;s independent registered public accounting firm prior to the Business Combination, was informed that it would be replaced by EY as the Company&#8217;s independent registered public
                    accounting firm following completion of its audit of the Company&#8217;s financial statements for the fiscal year ended December 31, 2020, which consists only of the accounts of the pre-Business Combination special purpose acquisition
                    company.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-weight: bold;">Business Developments</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Share Purchase Agreement</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On August 31, 2021, pursuant to the Share Purchase Agreement (the &#8220;Purchase Agreement&#8221;), dated as of June 25, 2021, by and between Advent Technologies Holdings, Inc. (the &#8220;Company&#8221; or the &#8220;Buyer&#8221;) and
                    F.E.R. fischer Edelstahlrohre GmbH, a limited liability company incorporated under the Laws of Germany (the &#8220;Seller&#8221;), the Company acquired (the &#8220;Acquisition&#8221;) all of the issued and outstanding equity interests in SerEnergy A/S, a
                    Danish stock corporation and a wholly-owned subsidiary of the Seller (&#8220;SerEnergy&#8221;) and fischer eco solutions GmbH, a German limited liability company and a wholly-owned subsidiary of the Seller (&#8220;FES&#8221; and together with SerEnergy, the
                    &#8220;Target Companies&#8221;), together with certain outstanding shareholder loan receivables. As consideration for the transactions contemplated by the Purchase Agreement, on the Closing Date, the Company paid to the Seller &#8364;15,000,000 in cash
                    and on August 31, 2021, the Company issued to the Seller 5,124,846 shares of common stock, par value $0.0001 per share, of the Company (&#8220;Common Stock&#8221;). From the respective acquisition, $29.2 million has been recognized as Goodwill to
                    the consolidated Balance Sheet.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">30</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
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                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">Pursuant to the Purchase Agreement, the Company acquired SerEnergy and FES, the fuel cell systems business of fischer Group. SerEnergy is a leading manufacturer of methanol-powered high-temperature
                    polymer electrolyte membrane (&#8220;HT-PEM&#8221;) fuel cells and operates facilities in Aalborg, Denmark and in Manila, Philippines. FES provides fuel-cell stack assembly and testing as well as the production of critical fuel cell components of
                    the SerEnergy HT-PEM fuel cells, including membrane electrode assemblies, bipolar plates and reformers. FES operates a facility on fischer Group&#8217;s campus in Achern, Germany, and Advent agreed to lease that respective portion of the
                    facility at the closing of the Acquisition.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Announced Projects White Dragon &amp; Green HiPo (4.65GW Green Hydrogen &amp; 400MW Fuel Cells), approved by Greek Government and submitted to EU</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On September 7, 2021, Advent announced that two Greek Important Projects of Common European Interest (&#8220;IPCEI&#8221;) had been approved by the Greek Minister of Development and Investments and the Greek Minister
                    of Environment, Energy, and Climate Change. The programs submitted by Advent and the White Dragon consortium of companies aspire to replace Greece&#8217;s largest coal-fired plants with renewable solar energy parks, which will be supported by
                    green hydrogen production (4.65GW), and fuel cell heat and power production (400MW). The projects are part of the "Hydrogen Technologies" IPCEI and will now move towards approval at the European Union ("EU") level. As a next step,
                    Advent will demonstrate before the European Commission the economic, environmental, financial, social, and technical feasibility of the projects and the positive spillover effects to the European economy and society. Advent hopes to
                    receive final notification from the European Commission by mid-2022. If approved, the Company will be the technology partner for an &#8364;8 billion project.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Collaboration with the DOE</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The efforts with the constellation of Department of Energy National Laboratories (Los Alamos National Laboratory, LANL; Brookhaven National Laboratory, BNL; National Renewable Energy Laboratory, NREL)
                    continue to gain momentum. This group of leading scientists and engineers is working closely with Advent&#8217;s development and manufacturing teams and are furthering the understanding of breakthrough materials that will advance HT-PEM fuel
                    cells.&#160; This next generation HT-PEM is well suited for heavy duty transportation, marine, and aeronautical applications, as well as delivering benefits in cost and lifetime for stationary power systems used in telecom and other remote
                    power markets.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Advent Launches New Product Line, M-ZER&#216;&#8482; Fuel Cells, to Significantly cut Methane Emissions in North America</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The Advent M-ZER&#216;&#8482; products, designed specifically to generate power in remote environments, will offer the ability to drop methane emissions to effectively zero where they replace methane polluting
                    pneumatic injection technology. M-ZER&#216;&#8482; will initially be deployed mainly in Canada and the United States with the ultimate goal of providing remote power to up to 185,000 oil and gas wellheads.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">31</font></div>
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                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Selection of Wearable Fuel Cell for the DOD 2021 Validation Program</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On March 31, 2021, we announced that UltraCell&#8217;s 50 W Reformed Methanol Wearable Fuel Cell Power System (&#8220;Honey Badger&#8221;) had been selected by the U.S. Department of Defense&#8217;s (&#8220;DOD&#8221;) National Defense
                    Center for Energy and Environment (&#8220;NDCEE&#8221;) to take part in its demonstration/validation program for 2021. The NDCEE is a DOD program that addresses high-priority environmental, safety, occupational health, and energy technological
                    challenges that are demonstrated and validated at active installations for military application. UltraCell&#8217;s &#8220;Honey Badger 50&#8221; fuel cell is the only fuel cell that is part of this program that supports the U.S. Army&#8217;s goal of having a
                    technology-enabled force by 2028.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">UltraCell Purchase Agreement</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On February 18, 2021, Advent Technologies Inc., entered into a Membership Interest Purchase Agreement with Bren-Tronics, Inc. and UltraCell, LLC, a Delaware limited liability company and a direct
                    wholly-owned subsidiary of Seller (&#8220;UltraCell&#8221;) (the &#8220;Purchase Agreement&#8221;). Pursuant to the Purchase Agreement, and subject to the terms and conditions therein, on February 18, 2021, Advent acquired 100% of the issued and outstanding
                    membership interests in UltraCell, for $4 million and a maximum of $6 million upon achievement of certain milestones. Advent also assumed the terms of Seller&#8217;s lease for property used in UltraCell&#8217;s operations in Livermore, California.
                    From the respective acquisition, $0.6 million has been recognized as Goodwill to the consolidated Balance Sheet.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Leases</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On February 5, 2021, the Company entered into a lease agreement by and among the Company, in its capacity as Tenant, and BP Hancock LLC, a Delaware limited liability company, in its capacity as Landlord.
                    The lease provides for the rental by the Company of office space at 200 Clarendon Street, Boston, MA 02116 for use as the Company&#8217;s executive offices. Under the terms of the lease, the Company leases 6,041 square feet at an initial
                    fixed annual rent of $456,095. The term of the lease is for five years (unless terminated as provided in the lease). The Company provided security in the form of a security deposit in the amount of $114,023.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On March 8, 2021, the Company entered into a lease for 21,401 square feet as a product development and manufacturing center at Hood Park in Charlestown, MA. Under the terms of the lease, the Company will
                    pay an initial fixed annual rent of $1,498,070. The lease has a term of eight years and five months, with an option to extend for five years and is expected to commence in May 2022.&#160; The Company is obliged to provide security in the
                    form of a security deposit in the amount of $750,000, upon commencement of the lease.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">On August 31, 2021, the Company through its wholly owned subsidiary, FES, entered into a lease agreement by and among the Company, in its capacity as lessee, and fischer group SE &amp; Co. KG, having its
                    registered seat in Achern, in its capacity as lessor.&#160; The lease provides for the rental by the Company of office space, workspace and outdoor laboratory at 77855 Achern, Im Gewerbegebiet 7 for use by FES.&#160; Under the terms of the lease,
                    the Company leases 1,017 square feet at a monthly basic rate of Euros 7,768 plus VAT. The lessor shall grant the lessee an option right to extend the lease by another five (5) years at the terms and conditions of the lease agreement
                    (option term).&#160; The option right shall be exercised by written declaration of the Lessee, which must be delivered to the lessor not later than ninety days prior to the expiration of the fixed term.&#160; The lessee is entitled to terminate
                    the lease early (even during fixed lease term or option term), to the end of each calendar quarter with a notice period of four (4) months. The lessee obliged to furnish security to the lessor upon occupying the leased premises.&#160; The
                    Company provided security in the form of a parent guarantee for a maximum amount of Euro 30,000.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-weight: bold;">Comparability of Financial Information</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s results of operations and statements of assets and liabilities may not be comparable between periods as a result of the Business Combination.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-weight: bold;">Key Factors Affecting Our Results</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Advent believes that its performance and future success depend on several factors that present significant opportunities for Advent but also pose risks and challenges, including those discussed below.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Increased Customer Demand</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Based on conversations with existing customers and incoming inquiries from new customers, Advent anticipates substantial increased demand for its fuel cell systems and MEAs from a wide range of customers
                    as it scales up its production facilities and testing capabilities, and as the awareness of its MEA capabilities becomes widely known in the industry. Advent expects both its existing customers to increase order volume, and to generate
                    substantial new orders from major organizations, with some of whom it is already in discussions regarding prospective commercial partnerships and joint development agreements. As of September 30, 2021, Advent was still generating a low
                    level of revenues compared to its future projections and has not made any commercial sales to these major organizations.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Successful development of the Advanced MEA product</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s future success depends in large part on the increasing integration of the hydrogen fuel cell into the energy transition globally over the next decade. In order to become cost-competitive with
                    existing renewable power generation and energy storage technology and achieve widespread adoption, fuel cells will need to achieve substantial improvement in the cost/kw performance ratio delivered to prospective fuel cell customers,
                    predominantly OEMs, System Integrators and major energy companies. Advent expects to play an important enabling role in the adoption of hydrogen fuel cells, as its MEA technology is the critical determining factor in the cost/kw
                    performance ratio of the fuel cells. In partnership with the Los Alamos National Laboratory, Advent is currently developing its next generation MEA technology (&#8220;Advanced MEA&#8221;) which is anticipated to deliver as much as three times the
                    power output of its current MEA product. While Advent is already projecting being able to pass through substantial cost benefits to its customers through economies of scale as it increases MEA production, the successful development of
                    the Advanced MEA will be an important factor in delivering the required improvement in cost/kw performance to Advent&#8217;s customers.</div>
                  <div><br>
                  </div>
                  <div style="font-weight: bold;">Basis of Presentation</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP. The Company has determined that it operates in one reportable segment. See Note 1 &#8220;Basis of
                    Presentation&#8221; in the accompanying unaudited condensed consolidated financial statements for more information.</div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">32</font></div>
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                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify; font-weight: bold;">Components of Results of Operations</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Revenue, net</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Revenues consist of sales of goods (MEAs, membranes, fuel cell stacks, fuel cell systems and electrodes).&#160; Advent expects revenues to increase materially and be weighted towards fuel cell systems and MEA
                    sales over time, in line with the projected increase in MEA production in response to customer demand.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Cost of Revenues</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Cost of revenues consists of consumables, raw materials, processing costs and direct labor costs associated with the assembly and manufacture of MEAs, membranes, fuel cell stacks and systems and
                    electrodes. Advent expects cost of revenues to increase substantially in line with increased production.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Income from Grants</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Income from grants consists of cash subsidies received from research agencies and other national and international organizations in support of Advent&#8217;s research and development activities. Advent expects
                    to continue to be eligible for grant income and remains in discussion with a number of prospective grantors in relation to a number of product development activities.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Research and Development Expenses</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Research and development expenses consist of costs associated with Advent&#8217;s research and development activities, such as laboratory costs and sample material costs. Advent expects its research and
                    development activities to increase substantially as it invests in improved technology and products.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Administrative and Selling Expenses</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Administrative and selling expenses consist of travel expenses, indirect labor costs, fees paid to consultants, third parties and service providers, taxes and duties, legal and audit fees, depreciation,
                    business development salaries and limited marketing activities and stock-based compensation expense. Advent expects administrative and selling expenses to increase in line with MEA production and revenue as the business scales up, and
                    as a result of operating as a public company, including compliance with the rules and regulations of the SEC, legal, audit, additional insurance expenses, investor relations activities and other administrative and professional services.
                    Depreciation is also expected to increase as the Company invests in fixed assets in support of the scale-up of the business.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">33</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
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                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Other Income / Expenses</div>
                  <div>&#160;</div>
                  <div>Other operating income / (expenses) consist of additional de minimis incidental operating income / (expenses) incurred by the business. These income / (expenses) are expected to remain at a de minimis level in the future.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Change in Fair Value of Warrant Liability</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Change in fair value of warrant liability amounting to $15.8 million for the nine months ended September 30, 2021 represents the change in fair value of the Private Placement Warrants and Working Capital
                    Warrants from February 4, 2021 to September 30, 2021.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Finance Costs</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Finance costs consist mainly of bank charges. Finance costs are not anticipated to increase materially as Advent is not intending to take on substantial borrowings at the corporate level in the near
                    future.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Foreign exchange differences, net</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Foreign exchange differences, net consists of foreign exchange gains or losses and interest on deposits. As the Company scales up, its foreign exchange exposure is likely to increase given its revenues
                    are denominated in both euros and dollars, and a portion of the Company&#8217;s costs are denominated in euros.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Amortization of intangibles</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The intangible assets of $4.7 million recognized on the acquisition of UltraCell is the Trade Name &#8220;UltraCell&#8221; ($0.4 million) and the Patented Technology ($4.3 million). The Trade Name has an indefinite
                    useful life while the Patented Technology has a useful life of 10 years, for which amortization expense of $(0.3) million has been recognized for the period from the acquisition date of UltraCell to September 30, 2021.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The intangible assets of $20.1 million recognized on the acquisition of SerEnergy and FES are the Patents amounting to $17.3 million, the Process know-how (IPR&amp;D) amounting to $2.6 million and the
                    Order backlog amounting to $0.2 million. The Patents have a useful life of 10 years, the Process know-how has a useful life of 6 years and the Order backlog has a useful life of 1 year.&#160; Amortization expense of $(0.2) million has been
                    recognized in relation to these intangibles for the period from the acquisition date of SerEnergy and FES to September 30, 2021.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Income tax</div>
                  <div style="text-align: justify;">Income tax amounting to $0.05 million for the nine months ended September 30, 2021 mainly relates to deferred income tax in respect to the intangible assets recognized upon the acquisition of SerEnergy
                    and FES.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">34</font></div>
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                      </div>
                    </div>
                  </div>
                  <div style="font-weight: bold;">Results of Operations</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Comparison of the Three Months Ended September 30, 2021 to Three Months Ended September 30, 2020</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">The following table sets forth a summary of our consolidated results of operations for the three months ended September 30, 2021 and 2020, and the changes between periods.</div>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z963f0b200ba8461399378d2e6745684d" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0);"><font style="font-weight: bold;">Three months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0);">(Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">% change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Revenue, net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>1,673,998</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>225,412</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>1,448,586</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>642.6</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Cost of revenues</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(1,645,781</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(90,477</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(1,555,304</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>1719.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Gross profit / (loss)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">28,217</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">134,934</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(106,717</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(79.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Income from grants</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>507,606</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>16,076</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>491,530</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>3057.6</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Research and development expenses</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(893,215</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(37,640</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(855,575</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>2273.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Administrative and selling expenses</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(13,040,649</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(886,629</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(12,154,020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>1370.8</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Amortization of intangibles</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(309,734</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(309,734</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Operating loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">(13,707,773</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">(773,258</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">(12,934,515</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">1672.7</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Finance costs</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(13,542</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1,712</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(11,831</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>691.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Fair value change of warrant liability</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>2,421,874</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>2,421,874</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Foreign exchange differences, net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(15,256</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(8,005</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(7,251</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>90.6</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Other income / (expenses), net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(15,960</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>31,058</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(47,017</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(151.4</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Loss before income tax</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(11,330,657</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(751,917</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(10,578,740</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">1406.9</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Income tax</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div>50,935</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div>3,101</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div>47,834</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;">
                          <div>1542.5</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(11,279,722</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(748,816</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(10,530,905</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">1406.3</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net loss per share</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Basic loss per share</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.23</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.03</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.20</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Basic weighted average number of shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">48,325,164</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">23,182,817</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Diluted loss per share</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.23</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.03</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.20</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Diluted weighted average number of shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">48,325,164</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">23,182,817</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Revenue, net</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Our total revenue from product sales increased by approximately $1.4 million or 642.6% from approximately $0.2 million in the three months ended September 30, 2020 to approximately $1.7 million in the
                    three months ended September 30, 2021. The increase in revenue was related to a) increased demand from customers for Advent&#8217;s MEAs and other products, as a result of Advent&#8217;s customers increasing their own testing and usage of Advent&#8217;s
                    products, b) revenue from UltraCell&#8217;s operations (acquired on February 19, 2021) and c) revenue from SerEnergy and FES&#8217;s operations (acquired on August 31, 2021).</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Cost of Revenues</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Cost of revenues increased by approximately $1.5 million from approximately $0.1 million in the three months ended September 30, 2020 to approximately $1.6 million in the three months ended September 30,
                    2021. The increase in cost of revenues was directly related to the increased revenues and the requirement for increased production of MEAs and fuel cell systems to satisfy customer demand, as well as, cost of revenues attributed to
                    UltraCell&#8217;s, SerEnergy&#8217;s and FES&#8217;s operations.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Gross profit, which is revenue, net minus the cost of revenue, decreased to $0.03 million in the three months ended September 30, 2021 from $0.1 million for the three months ended September 30, 2020.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">35</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Research and Development Expenses</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Research and development expenses were approximately $0.9 million in the three months ended September 30, 2021, primarily related to the Company&#8217;s cooperative research and development agreement with the
                    U.S. Department of Energy, as well as the research and development costs of SerEnergy and FES in the month of September.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Administrative and Selling Expenses</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Administrative and selling expenses were approximately $13.0 million in the three months ended September 30, 2021, and $0.9 million in the three months ended September 30, 2020. The increase was primarily
                    due to the increased number of employees from period to period in the Greece and Boston offices, as well as the recognition of stock-based compensation expense of $3.4 million in the three months ended September 2021, costs related to
                    the acquisition of SerEnergy/FES and a non-recurring $2.4 million charge for executive severance.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Change in fair value of Warrant Liability</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The change in fair value of warrant liability amounting to $2.4 million was due to the change in fair value of the Private Placement Warrants and Working Capital Warrants during the three months ended
                    September 30, 2021.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Comparison of the Nine Months Ended September 30, 2021 to Nine Months Ended September 30, 2020</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">The following table sets forth a summary of our consolidated results of operations and consolidated results of cash flows for the nine months ended September 30, 2021 and 2020, and the changes between
                    periods.</div>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z1dc4ab74ed6f499fb390a426ff5bf391" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0);"><font style="font-weight: bold;">Nine months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0);">(Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">% change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Revenue, net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>4,166,754</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>526,032</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>3,640,722</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>692.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Cost of revenues</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(2,662,476</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(374,430</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(2,288,046</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>611.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Gross profit</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">1,504,278</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">151,602</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">1,352,677</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">892.3</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Income from grants</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>631,787</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>159,182</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>472,606</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>296.9</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Research and development expenses</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1,561,049</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(81,273</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1,479,776</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>1,820.7</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Administrative and selling expenses</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(27,558,242</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(1,641,063</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(25,917,179</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>1,579.3</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Amortization of intangibles</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div>(467,447</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div>(467,447</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Operating loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">(27,450,672</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">(1,411,552</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">(26,039,120</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">1,844.7</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Finance costs</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(26,961</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(4,749</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(22,212</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>467.7</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Fair value change of warrant liability</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>15,833,334</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>15,833,334</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Foreign exchange differences, net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(2,141</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(26,584</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>24,443</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(91.9</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Other income / (expenses), net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>78,146</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>24,848</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>53,298</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>214.5</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Loss before income tax</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(11,568,294</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(1,418,037</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(10,150,257</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">715.8</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0);">Income tax</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div>50,935</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; white-space: nowrap;">
                          <div>50,935</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(11,517,359</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(1,418,037</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(10,099,322</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">712.2</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net loss per share</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Basic loss per share</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.26</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.07</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.19</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Basic weighted average number of shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">43,982,039</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">21,180,639</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Diluted loss per share</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.26</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.07</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(0.19</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 16.2pt; color: rgb(0, 0, 0); font-weight: bold;">Diluted weighted average number of shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">43,982,039</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">21,180,639</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div style="font-weight: bold;">N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">36</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="zafa16db6a22f47e190e0b0339135c3e0" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0);"><font style="font-weight: bold;">Nine months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0);">(Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">% change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net Cash used in Operating Activities</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(24,690,329</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(1,045,004</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(23,645,325</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>2,262.7</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Cash Flows from Investing Activities:</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Purchases of property and equipment</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(2,658,584</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(89,123</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(2,569,463</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>2,883.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Advances for the acquisition of property and equipment</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1,917,856</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1,917,856</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Acquisition of a subsidiary, net of cash acquired</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(19,425,378</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(19,425,378</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net Cash used in Investing Activities</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(24,001,818</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(89,123</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(23,912,697</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">26,831.2</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Cash Flows from Financing Activities:</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Business Combination and PIPE financing, net of issuance costs paid</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>141,120,851</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>141,120,851</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Proceeds of issuance of preferred stock</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>1,430,005</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1,430,005</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(100.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Proceeds from issuance of non-vested stock awards</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>21,736</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(21,736</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(100.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Repurchase of shares</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(69,430</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>69,430</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(100.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Proceeds of issuance of common stock and paid-in capital from warrants exercise</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>262,177</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>262,177</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">State loan proceeds</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>113,377</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>113,377</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>N/A</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 52%; padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Repayment of convertible promissory notes</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(500,000</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>500,000</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(100.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net Cash provided by Financing Activities</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">141,496,405</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">882,311</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">140,614,094</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">15,937.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net increase in cash and cash equivalents</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">92,804,258</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(251,815</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">93,056,072</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">(36,954.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;">
                          <div style="font-weight: bold;">)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Effect of exchange rate changes on cash and cash equivalents</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(827,624</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(17,918</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(809,707</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>4,519.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Cash and cash equivalents at the beginning of the period</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>515,734</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>1,199,015</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(683,281</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>(57.0</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px; white-space: nowrap;">
                          <div>)%</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Cash and cash equivalents at the end of the period</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">92,492,367</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">929,283</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">91,563,084</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 double 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">9,853.1</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; white-space: nowrap;">
                          <div style="font-weight: bold;">%</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Revenue, net</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">Our total revenue from product sales increased by approximately $3.6 million or 692.1% from approximately $0.5 million in the nine months ended September 30, 2020 to approximately $4.2 million in the nine
                    months ended September 30, 2021. The increase in revenue was related to a) increased demand from customers for Advent&#8217;s MEAs and other products, as a result of Advent&#8217;s customers increasing their own testing and usage of Advent&#8217;s
                    products, b) revenue from UltraCell&#8217;s operations (acquired on February 19, 2021) and c) revenue from SerEnergy&#8217;s and FES&#8217;s operations (acquired on August 31, 2021).</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Cost of Revenues</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Cost of revenues increased by approximately $2.3 million from approximately $0.4 million in the nine months ended September 30, 2020 to approximately $2.7 million in the nine months ended September 30,
                    2021. The increase in cost of revenues was directly related to the increased revenues and the requirement for increased production of MEAs and fuel cell systems to satisfy customer demand, as well as, cost of revenues attributed to
                    UltraCell&#8217;s, SerEnergy&#8217;s and FES&#8217;s operations.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">37</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">Gross profit, which is revenue, net minus the cost of revenue, increased to $1.5 million in the nine months ended September 30, 2021 from $0.2 million in the nine months ended September 30, 2020.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Research and Development Expenses</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Research and development expenses were approximately $1.6 million in the nine months ended September 30, 2021, primarily related to the Company&#8217;s cooperative research and development agreement with the
                    U.S. Department of Energy, as well as the research and development costs at SerEnergy and FES in the month of September.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Administrative and Selling Expenses</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Administrative and selling expenses were approximately $27.6 million in the nine months ended September 30, 2021, and $1.6 million in the nine months ended September 30, 2020. The increase was primarily
                    due to one-time transaction costs following the Business Combination amounting to $5.9 million, the increased personnel in the Greece and Boston offices, the recognition of stock-based compensation expense amounting to $4.1 million,
                    costs related to the acquisition of SerEnergy/FES and a non-recurring $2.4 million charge for executive severance.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Change in fair value of Warrant Liability</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The change in fair value of warrant liability amounting to $15.8 million was due to the change in fair value of the Private Placement Warrants and Working Capital Warrants from February 4, 2021 to
                    September 30, 2021.</div>
                  <div><br>
                  </div>
                  <div style="font-weight: bold;">Liquidity and Capital Resources</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">As of the date of this filing of the Quarterly Report on Form 10-Q, Advent&#8217;s existing cash resources and projected cash flows are anticipated to be sufficient to support planned operations for the next 12
                    months after the date hereof.&#160; This is based on the amount of cash we raised in the Business Combination and projected results over the next 12 months.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Cash flows from Operating Activities</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s cash flows from operating activities reflect the income statement position adjusted for working capital movements in current assets and liabilities. As Advent grows, it expects that operating
                    cash flows will be affected by increased working capital needs to support growth in personnel-related expenditures and fluctuations in accounts receivable, inventory, accounts payable and other current assets and liabilities.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Net cash used in operating activities was approximately $(24.7) million for the nine months ended September 30, 2021, which related to outflows in connection with one-time transaction costs,
                    administrative and selling expenses and costs associated with insurances services and other consulting services.</div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">38</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">Net cash used in operating activities was approximately $(1.0) million for the nine months ended September 30, 2020, mainly related to payments to suppliers, net of receipts from customers.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Cash Flows from Investing Activities</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s cash flows from investing activities was approximately $(24.0) million for the nine months ended September 30, 2021, which related to the acquisition of fixed assets and the amounts paid for the
                    acquisition of UltraCell LLC on February 18, 2021 and the acquisition of SerEnergy and FES on August 31, 2021, net of cash acquired. Advent expects to invest substantially in fixed assets, plant and equipment in the near future as it
                    executes its product development programs.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s cash flows from investing activities was approximately $(0.1) million for the nine months ended September 30, 2020, which related to the acquisition of fixed assets.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Cash Flows from Financing Activities</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s cash flows from financing activities was approximately $141.5 million for the nine months ended September 30, 2021, which related to the cash amount contributed at the date of the Merger
                    (February 4, 2021) and proceeds from issuance of common stock and additional paid-in capital from warrants exercise.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s cash flows from financing activities was approximately $0.9 million for the nine months ended September 30, 2020, which related to proceeds of issuance of preferred stock and repayment of loan.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-weight: bold;">Contract Assets and Contract Liabilities</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">A contract asset results when goods or services have been transferred to the customer, but payment is contingent upon a future event, other than the passage of time. As of September 30, 2021, Advent
                    recognized contract assets of $0.9 million in the unaudited consolidated balance sheet. As of December 31, 2020, Advent recognized contract assets of $0.1 million in the consolidated balance sheet.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent recognizes contract liabilities when we receive customer payments in advance of the performance obligations being satisfied on our contracts. As of September 30, 2021, Advent recognized contract
                    liabilities of $0.03 million in the unaudited consolidated balance sheet. As of December 31, 2020, Advent recognized contract liabilities of $0.2 million in the consolidated balance sheet.</div>
                  <div><br>
                  </div>
                  <div style="font-weight: bold;">Off-Balance Sheet Commitments and Arrangements</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Since the date of our incorporation, Advent has not engaged in any off-balance sheet arrangements, as defined in the rules and regulations of the SEC.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-weight: bold;">Critical Accounting Policies and Estimates</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent&#8217;s financial statements have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires Advent to make estimates and assumptions that affect the reported
                    amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date, as well as the reported expenses incurred during the reporting period. Management bases its estimates on historical
                    experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates, and
                    such differences could be material to Advent&#8217;s financial statements.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">39</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Emerging Growth Company Status</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not
                    had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides
                    that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. Advent elected not to opt out of such
                    extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, Advent, as an emerging growth company, can adopt the new or revised standard at the
                    time private companies adopt the new or revised standard, until such time Advent is no longer considered to be an emerging growth company. At times, Advent may elect to early adopt a new or revised standard. See Note 2 in the unaudited
                    condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for more information about the recent accounting pronouncements adopted and the recent accounting pronouncements not yet adopted for
                    the three months ending September 30, 2021 and 2020.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">In addition, Advent intends to rely on the other exemptions and reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, if, as an emerging growth
                    company, Advent intends to rely on such exemptions, Advent is not required to, among other things: (a) provide an auditor&#8217;s attestation report on Advent&#8217;s system of internal control over financial reporting pursuant to Section 404(b) of
                    the Sarbanes-Oxley Act; (b) provide all of the compensation disclosure that may be required of non-emerging growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act; (c) comply with any requirement
                    that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor&#8217;s report providing additional information about the audit and the financial statements (auditor
                    discussion and analysis); and (d) disclose certain executive compensation-related items such as the correlation between executive compensation and performance and comparisons of the Chief Executive Officer&#8217;s compensation to median
                    employee compensation.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent will remain an emerging growth company under the JOBS Act until the earliest of (a) the last day of Advent&#8217;s first fiscal year following the fifth anniversary of the closing of the Business
                    Combination, (b) the last date of Advent&#8217;s fiscal year in which Advent has total annual gross revenue of at least $1.1 billion, (c) the date on which Advent is deemed to be a &#8220;large accelerated filer&#8221; under the rules of the SEC with at
                    least $700.0 million of outstanding securities held by non-affiliates or (d) the date on which Advent has issued more than $1.0 billion in non-convertible debt securities during the previous three years.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">While Advent&#8217;s significant accounting policies are described in the notes to Advent&#8217;s financial statements (see Note 2 in the unaudited condensed consolidated financial statements), Advent believes that
                    the following accounting policies require a greater degree of judgment and complexity. Accordingly, these are the policies Advent believes are the most critical to aid in fully understanding and evaluating Advent&#8217;s financial condition
                    and results of operations.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">40</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Revenue Recognition from January 1, 2019</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), as amended, which requires an entity to recognize the amount of revenue to which it expects to be entitled
                    for the transfer of promised goods or services to customers. We adopted ASU No. 2014-09 on January 1, 2019, using the modified retrospective approach to all contracts not completed at the date of initial application. The prior period
                    comparative information has not been restated and continues to be reported under the accounting guidance in effect for that period.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">In accordance with ASC 606, revenue is recognized when control of the promised goods or services are transferred to a customer in an amount that reflects the consideration that the Company expects to
                    receive in exchange for those services. We apply the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its arrangements:</div>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="zbc620fb658054bc0922886e52b9b485e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>identify the contract with a customer,</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="zfe01b1b49fb048a39adc98780fd90bd8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>identify the performance obligations in the contract,</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="zbd1abc9c0f1d481a811fd6dfaaec2f5a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>determine the transaction price,</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="z4cf64c06e84247c8a37b75a2b2c90228" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>allocate the transaction price to performance obligations in the contract, and</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <table cellspacing="0" cellpadding="0" id="zec28dad9614a48f3988811fb56aa9119" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 18pt;"><br>
                        </td>
                        <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div>recognize revenue as the performance obligation is satisfied.</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div style="text-align: justify;">With significant and recurring customers, we negotiate written master agreements as framework agreements (general terms and conditions of trading), following individual purchase orders. For customers with
                    no master agreements, the approved purchase orders form the contract. Effectively, contracts under the revenue standard have been assessed to be the purchase orders agreed with customers.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">We have assessed that each product sold is a single performance obligation because the promised goods are distinct on their own and within the context of the contract. In cases where the agreement
                    includes customization services for the contracted products, we are providing integrated services; therefore, the goods are not separately identifiable, but are inputs to produce and deliver a combined output and form a single
                    performance obligation within the context of the contract. Furthermore, we assessed whether it acts as a principal or agent in each of its revenue arrangements and has concluded that in all sales transactions it acts as a principal.
                    Additionally, we, taking into consideration the guidance and indicative factors provided by ASC 606, concluded that it provides assurance type warranties (warranty period is up to 45 days) as it does not provide a service to the
                    customer beyond fixing defects that existed at the time of sale. We, based on historical performance, current circumstances, and projections of trends, estimated that no allowance for returns as per warranty policy should be recognized,
                    at the time of sale, accounted for under ASC 460, Guarantees.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Under ASC 606, we estimate the transaction price, including variable consideration, at the commencement of the contract and recognize revenue over the contract term, rather than when fees become fixed or
                    determinable. In other words, where contracts with customers include variable consideration (i.e. volume rebates), we estimate at contract inception the variable consideration and adjust the transaction price only to the extent that it
                    is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Furthermore, no material rights or
                    significant financing components have been identified in our contracts. Payment terms generally include advance payment requirements. The time between a customer&#8217;s payment and the receipt of funds is less than one year. Payment terms
                    are in the majority fixed and do not include variable consideration, except from volume rebates.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">41</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">Revenue from satisfaction of performance obligations is recognized based on identified transaction price. The transaction price reflects the amount to which we have rights under the present contract. It
                    is allocated to the distinct performance obligations based on standalone selling prices of the services promised in the contract. In cases of more than one performance obligation, we allocate transaction price to the distinct
                    performance obligations in proportion to their observable stand-alone selling prices and recognize revenue as those performance obligations are satisfied.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">In the majority of cases of product sales, revenue is recognized at a point in time when the customer obtains control of the respective goods that is, when the products are shipped from our facilities as
                    control passes to the customer in accordance with agreed contracts and the stated shipping terms. In cases where the contract includes customization services, which one performance obligation is identified, revenue is recognized over
                    time as our performance does not create an asset with alternative use and we have an enforceable right to payment for performance completed to date. We use the input method (i.e. cost-to cost method) to measure progress towards complete
                    satisfaction of the performance obligation.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Income from grants and related deferred income</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Grants include cash subsidies received from various institutions and organizations. Grants are recognized as other income. Such amounts are recognized in the consolidated statements of operations when all
                    conditions attached to the grants are fulfilled.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Condition to the grants would not be fulfilled unless related costs have been characterized as eligible by the grantors, are actually incurred and there is certainty that costs are allowable. These grants
                    are recognized as deferred income when received and recorded in income when the eligible and allowable related costs and expenses are incurred. Under all grant programs, a coordinator is specified. The coordinator, among other, receives
                    the funding from the grantor and proceeds to its distribution to the parties agreed in the process specified in the program. We assessed whether it acts as a principal or agent in its role as a coordinator for specific grants and has
                    concluded that in all related transactions it acts as an agent.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Goodwill</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">The Company allocates the fair value of purchase consideration transferred in a business acquisition to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their
                    estimated fair values. The excess of the fair value of purchase consideration transferred over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant
                    estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired licenses, trade names, in
                    process research and development ("R&amp;D"), useful lives and discount rates, patents, customer clientele, customer contracts and know-how. Management's estimates of fair value are based upon assumptions believed to be reasonable, but
                    which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, the Company may record adjustments to the assets acquired and liabilities assumed, with the
                    corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in the consolidated statement of operations.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">42</font></div>
                    <div class="DSPFPageBreak" style="page-break-after: always;">
                      <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <!--PROfilePageNumberReset%Num%43%%%-->
                  <div style="text-align: justify;">For significant acquisitions, the Company obtains independent appraisals and valuations of the intangible (and certain tangible) assets acquired and certain assumed obligations as well as equity. The
                    Company analyzes each acquisition individually and all acquisitions within each reporting period in aggregate to determine if those are material acquisitions in the context of ASC 805-10-50.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The estimated fair values and useful lives of identified intangible assets are based on many factors, including estimates and assumptions of future operating performance and cash flows of the acquired
                    business, estimates of cost avoidance, the nature of the business acquired, the specific characteristics of the identified intangible assets and our historical experience and that of the acquired business. The estimates and assumptions
                    used to determine the fair values and useful lives of identified intangible assets could change due to numerous factors, including product demand, market conditions, regulations affecting the business model of our operations,
                    technological developments, economic conditions and competition.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">We conduct a goodwill impairment analysis annually in the fourth fiscal quarter, as of October 1, and as necessary if changes in facts and circumstances indicate that the fair value of our reporting units
                    may be less than their carrying amounts. When indicators of impairment do not exist and certain accounting criteria are met, we are able to evaluate goodwill impairment using a qualitative approach. When necessary, our quantitative
                    goodwill impairment test consists of two steps. The first step requires that we compare the estimated fair value of our reporting units to the carrying value of the reporting unit&#8217;s net assets, including goodwill. If the fair value of
                    the reporting unit is greater than the carrying value of its net assets, goodwill is not considered to be impaired and no further testing is required. If the fair value of the reporting unit is less than the carrying value of its net
                    assets, we would be required to complete the second step of the test by analyzing the fair value of its goodwill. If the carrying value of the goodwill exceeds its fair value, an impairment charge is recorded. Currently, we identify one
                    reporting unit.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Income Taxes</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The Company follows the asset and liability method of accounting for income taxes under ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for the estimated future tax consequences
                    attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply
                    to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included
                    the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those
                    benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. We are currently not aware of any issues under review that could result in significant accruals or material
                    deviation from our position. We are subject to income tax examinations by major taxing authorities.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">43</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">The Company may be subject to potential examination by U.S. federal, state and city, and the Subsidiary may be subject to potential examination by the Greek taxing authorities in the areas of income
                    taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with the U.S. federal, state and city and Greek tax laws. On December
                    22, 2017, the Tax Cuts and Jobs Act of 2017 (&#8220;Tax Reform&#8221;) was signed into legislation. As part of the legislation, the U.S. corporate income tax rate was reduced from 35% to 21%, among other changes.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Warrant Liability</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The Company accounts for the 26,369,557 warrants (comprising of 22,029,279 Public Warrants and 3,940,278 Private Placement Warrants) issued in connection with the Initial Public Offering and the 400,000
                    Working Capital Warrants issued at the consummation of the Business Combination in accordance with ASC 815-40-15-7D. If the warrants do not meet the criteria for equity treatment, they must be recorded as liabilities. We have determined
                    that only the Private Placement Warrants and Working Capital Warrants must be recorded as liabilities and accordingly, the Company classifies these warrant instruments as liabilities at their fair value and adjusts the instruments to
                    fair value at each reporting period. These liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company's statement of operations. The fair value of the
                    Private Placement Warrants and the Working Capital Warrants has been determined using either the quoted price, if available, or was based on a modified Black-Scholes-Merton model. The fair value of the Private Placement Warrants and the
                    Working Capital Warrants has been determined based on a modified Black-Scholes-Merton model for the quarter ended September 30, 2021.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Recent Accounting Pronouncements</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by Advent as of the specified effective date. Unless otherwise discussed, Advent
                    believes that the impact of recently issued standards that are not yet effective will not have a material impact on Advent&#8217;s financial position or results of operations under adoption.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">See Note 2 in the unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for more information about recent accounting pronouncements, the timing of
                    their adoption and Advent&#8217;s assessment, to the extent Advent has made one, of their potential impact on Advent&#8217;s financial condition and results of operations.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Supplemental Non-GAAP Measures and Reconciliations</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">In addition to providing measures prepared in accordance with GAAP, we present certain supplemental non-GAAP measures. These measures are EBITDA, Adjusted EBITDA and Adjusted Net Income / (Loss), which we
                    use to evaluate our operating performance, for business planning purposes and to measure our performance relative to that of our peers. These non-GAAP measures do not have any standardized meaning prescribed by GAAP and therefore may
                    differ from similar measures presented by other companies and may not be comparable to other similarly titled measures. We believe these measures are useful in evaluating the operating performance of the Company&#8217;s ongoing business.
                    These measures should be considered in addition to, and not as a substitute for net income, operating expense and income, cash flows and other measures of financial performance and liquidity reported in accordance with GAAP. The
                    calculation of these non-GAAP measures has been made on a consistent basis for all periods presented.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">44</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">EBITDA and Adjusted EBITDA</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">These supplemental non-GAAP measures are provided to assist readers in determining our operating performance. We believe this measure is useful in assessing performance and highlighting trends on an
                    overall basis. We also believe EBITDA and Adjusted EBITDA are frequently used by securities analysts and investors when comparing our results with those of other companies. EBITDA differs from the most comparable GAAP measure, net
                    income / (loss), primarily because it does not include interest, income taxes, depreciation of property, plant and equipment, and amortization of intangible assets. Adjusted EBITDA adjusts EBITDA for transactional gains and losses,
                    asset impairment charges, finance and other income and acquisition costs.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">The following tables show a reconciliation of net income / (loss) to EBITDA and Adjusted EBITDA for the three and nine months ended September 30, 2021 and 2020.</div>
                  <div><br>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="zbbf569f228d041809bc4d2d96ce1a46b" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">EBITDA and Adjusted EBITDA</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">Three months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;"><font style="font-size: 10pt;">(Unaudited)</font></div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">Nine months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt;"><font style="font-size: 10pt;">(Unaudited)</font></div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-style: italic;">(in Millions of US dollars)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(11.28</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(0.75</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(10.53</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(11.52</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(10.10</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Depreciation of property and equipment</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.15</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.01</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.15</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.18</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.02</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.16</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Amortization of intangibles</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.31</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.00</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.31</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.47</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.00</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.47</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Finance costs</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.01</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.00</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.01</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.03</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.00</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.02</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Other income / (expenses), net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.02</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(0.03</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>0.05</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(0.08</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(0.02</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(0.05</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Foreign exchange differences, net</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.02</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.01</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.01</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.00</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.03</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(0.02</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">EBITDA</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">(10.77</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">(0.76</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">(10.01</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">(10.91</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">(1.39</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="font-weight: bold;">(9.52</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Net change in warrant liability</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(2.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(2.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(15.83</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(15.83</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">One-Time Transaction Related Expenses (1)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>5.87</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>5.87</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">One-Time Transaction Related Expenses (2)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Executive severance (3)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Adjusted EBITDA</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(9.86</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(0.76</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(9.10</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(17.54</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(1.39</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(16.15</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">(1) Bonus awarded after consummation of the Business Combination effective February 4, 2021.</div>
                  <div style="text-align: justify;">(2) Transaction costs related to the acquisition of SerEnergy/FES.</div>
                  <div>(3) Former Financial Officer resignation.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Adjusted Net Income/(Loss)</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">This supplemental non-GAAP measure is provided to assist readers in determining our financial performance. We believe this measure is useful in assessing our actual performance by adjusting our results
                    from continuing operations for changes in warrant liability and one-time transaction costs. Adjusted Net Loss differs from the most comparable GAAP measure, net income / (loss), primarily because it does not include one-time transaction
                    costs and warrant liability changes. The following table shows a reconciliation of net income/(loss) for the three and nine months ended September 30, 2021 and 2020.</div>
                  <div><br>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="z0ed53ca52e964f5abfc28344a08c9977" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Adjusted Net Loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0);"><font style="font-weight: bold;">Three months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0);">(Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="6" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; color: rgb(0, 0, 0);"><font style="font-weight: bold;">Nine months ended September 30,</font></div>
                          <div style="text-align: center; color: rgb(0, 0, 0);">(Unaudited)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-style: italic;">(in Millions of US dollars)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2021</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: right; font-weight: bold;"> 2020</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="text-align: center; font-weight: bold;">$ change</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Net loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(11.28</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(0.75</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(10.53</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(11.52</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(1.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>(10.10</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Net change in warrant liability</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(2.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(2.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(15.83</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>(15.83</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>)</div>
                        </td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: #CCEEFF;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">One-Time Transaction Related Expenses (1)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>5.87</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF; white-space: nowrap;">
                          <div>5.87</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%;">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">One-Time Transaction Related Expenses (2)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; white-space: nowrap;">
                          <div>0.89</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0);">Executive severance (3)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>-</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div>2.44</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                      </tr>
                      <tr>
                        <td valign="bottom" style="vertical-align: bottom; width: 28%; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-indent: -7.2pt; margin-left: 7.2pt; color: rgb(0, 0, 0); font-weight: bold;">Adjusted Net Loss</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(10.37</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(0.75</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(9.62</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(18.15</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">$</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(1.42</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">(16.73</div>
                        </td>
                        <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); white-space: nowrap;">
                          <div style="font-weight: bold;">)</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="font-size: 8pt;"><font style="font-size: 10pt;">(1) </font><font style="font-size: 10pt;">Bonus awarded after consummation of the
                      Business Combination effective February 4, 2021.</font></div>
                  <div>(2) Transaction costs related to the acquisition of SerEnergy/FES.</div>
                  <div>(3) Former Financial Officer resignation.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">45</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <a name="Item3."><!--Anchor--></a>
                  <table cellspacing="0" cellpadding="0" id="z4021c8096bfe45b9a5a49cc9f1418454" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 3.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Quantitative and Qualitative Disclosures about Market Risk.</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent is exposed to a variety of market and other risks, including the effects of changes in interest rates and inflation, as well as risks to the availability of funding sources, hazard events and
                    specific asset risks.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Interest Rate Risk</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent holds cash and cash equivalents for working capital, investment and general corporate purposes. As of September 30, 2021, Advent had a cash balance of approximately $92.5 million, consisting of
                    operating and savings accounts which are not affected by changes in the general level of U.S. interest rates. Advent is not expected to be materially exposed to interest rate risk in the future as it intends to take on limited debt
                    finance.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">Inflation Risk</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent does not believe that inflation currently has a material effect on its business.</div>
                  <div><br>
                  </div>
                  <div style="font-style: italic; font-weight: bold;">Foreign Exchange Risk</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Advent has costs and revenues denominated in euros, Danish Krone and Philippine pesos, and therefore is exposed to fluctuations in exchange rates. To date, Advent has not entered into any hedging
                    transactions to mitigate the effect of foreign exchange due to the relatively low sums involved. As we increase in scale, we expect to continue to realize a portion of our revenues and costs in foreign currencies, and therefore expect
                    to put in place appropriate foreign exchange risk mitigation features in due course.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">46</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;"> <a name="Item4."><!--Anchor--></a>
                    <table cellspacing="0" cellpadding="0" id="ze40212a1b2194b64b923eb841c60e94a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                        <tr>
                          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 4.</td>
                          <td style="width: auto; vertical-align: top; text-align: justify;">
                            <div style="font-weight: bold;">Controls and Procedures</div>
                          </td>
                        </tr>

                    </table>
                    <div><br>
                    </div>
                    <div style="font-style: italic;">Evaluation of Disclosure Controls and Procedures</div>
                  </div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div style="text-align: justify;">Our management, with the participation of our President and Chief Executive Officer and our Chief Financial Officer (our principal executive officer and principal financial and accounting officer,
                    respectively), evaluated the effectiveness of our disclosure controls and procedures as of September 30, 2021. The term &#8220;disclosure controls and procedures,&#8221; as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means
                    controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported
                    within the time periods specified in the SEC&#8217;s rules and forms.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits
                    under the Exchange Act is accumulated and communicated to the Company&#8217;s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its
                    judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on the evaluation of our disclosure controls and procedures as of September 30, 2021, and as a result of the material weakness described
                    below, our President and Chief Executive Officer and our Chief Financial Officer concluded that, as of such date, our disclosure controls and procedures were not effective at the reasonable assurance level as of the end of the period
                    covered by this Report. Notwithstanding the identified material weakness, our management has concluded that the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q present fairly, in all material
                    respects, the Company&#8217;s financial position, results of operations and cash flows for the periods disclosed in accordance with U.S. GAAP.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic;">Remediation Efforts to Address the Previously Disclosed Material Weakness</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">As previously disclosed in Part I, Item 9A of our 2020 Annual Report, our management concluded that our disclosure controls and procedures and internal controls over financial reporting were not effective
                    as of December 31, 2020 and December 31, 2019 due to a material weakness. The material weakness related to not having adequate controls over accounting for complex accounting instruments and, in particular, related to errors in the
                    accounting for warrants issued in connection with AMCI's Initial Public Offering and recorded in its pre-Business Combination, historical consolidated financial statements through December 31, 2020. In response to this material
                    weakness, we have and will continue to implement a number of actions, as described below. Our management is committed to ensuring that our internal controls over financial reporting are designed and operating effectively. As previously
                    disclosed, our remediation plan includes, but is not limited to, that we will improve the process and controls in the determination of the appropriate accounting and classification of our financial instruments and key agreements. When
                    fully implemented and operational, we believe the controls we have designed or plan to design will remediate the control deficiency that has led to the material weakness we have identified and strengthen our internal controls over
                    financial reporting. The material weakness will not be considered remediated until the applicable controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating
                    effectively.</div>
                  <div><br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">47</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: justify;">
                    <div style="font-style: italic;">Changes in Internal Control over Financial Reporting</div>
                    <div><br>
                    </div>
                    <div>No changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) occurred during the quarter ended September 30, 2021 that have
                      materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</div>
                  </div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div style="text-align: justify;">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. From time to time, we make changes to our internal control over financial reporting
                    that are intended to enhance our effectiveness, and which do not have a material effect on our overall internal control over financial reporting. As a new public company, we continue the process of reviewing and documenting our
                    disclosure controls and procedures, including our internal controls and procedures for financial reporting, and may from time to time make changes aimed at enhancing their effectiveness and to ensure that our systems evolve with our
                    business.</div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">48</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: center; font-weight: bold;">PART II&#8212;OTHER INFORMATION</div>
                  <div><br>
                  </div>
                  <a name="LegalProceedings."><!--Anchor--></a>
                  <table cellspacing="0" cellpadding="0" id="zcc2fc5c9e916441d9822c4a0a805bd05" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 49.5pt; vertical-align: top; font-weight: bold;">Item 1.</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-weight: bold;">Legal Proceedings.</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">We are from time to time subject to various claims, lawsuits and other legal and administrative proceedings arising in the ordinary course of business. Some of these claims, lawsuits and other proceedings
                    may involve highly complex issues that are subject to substantial uncertainties, and could result in damages, fines, penalties, non-monetary sanctions or relief. However, we do not consider any such claims, lawsuits or proceedings that
                    are currently pending, individually or in the aggregate, to be material to our business or likely to result in a material adverse effect on our future operating results, financial condition or cash flows.</div>
                  <div><br>
                  </div>
                  <a name="RiskFactors."><!--Anchor--></a>
                  <table cellspacing="0" cellpadding="0" id="ze528c086688b4c16aa2e47ae7113f823" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 1A.</td>
                        <td style="width: auto; vertical-align: top; text-align: justify;">
                          <div style="font-weight: bold;">Risk Factors.</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">In addition to the other information set forth in this Quarterly Report, for a discussion of risk factors that could significantly and negatively affect our business, financial condition, results of
                    operations, cash flows and prospects, see the disclosure under the heading &#8220;Risk Factors&#8221; in our 2020 Annual Report. Such risks described are not the only risks facing us. Additional risks and uncertainties not currently known to us, or
                    that our management currently deems to be immaterial, also may adversely affect our business, financial condition, results of operations, cash flows or prospects. Except as presented below, there are no material changes to the risk
                    factors described in the 2020 Annual Report.</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify; font-style: italic; font-weight: bold;">We may experience difficulties integrating the operations of acquired companies into our business and in realizing the expected benefits of these acquisitions.</div>
                  <div>&#160;</div>
                  <div style="text-align: justify;">We completed the acquisition of SerEnergy and FES on August 31, 2021. Acquisitions involve numerous risks, any of which could harm our business and negatively affect our financial condition and results of
                    operations. The success of our acquisition of FES and SerEnergy will depend in part on our ability to realize the anticipated business opportunities from combining their and our operations in an efficient and effective manner. These
                    integration processes could take longer than anticipated and could result in the loss of key employees, the disruption of each company&#8217;s ongoing businesses, tax costs or inefficiencies, or inconsistencies in standards, controls,
                    information technology systems, procedures and policies, any of which could adversely affect our ability to maintain relationships with customers, employees or other third parties, or our ability to achieve the anticipated benefits of
                    the acquisitions, and could harm our financial performance. If we are unable to successfully or timely integrate the operations of FES and SerEnergy with our business, we may incur unanticipated liabilities and be unable to realize the
                    revenue growth, synergies and other anticipated benefits resulting from the acquisitions, or fully offset the costs of the acquisition, and our business, results of operations and financial condition could be materially and adversely
                    affected.</div>
                  <div><br>
                  </div>
                  <a name="UnregisteredSalesofEquity"><!--Anchor--></a>
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                      <tr>
                        <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 2.</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-weight: bold;">Unregistered Sales of Equity Securities and Use of Proceeds.</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">None.</div>
                  <div style="text-align: justify;"> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">49</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <a name="Exhibits"><!--Anchor--></a>
                  <table cellspacing="0" cellpadding="0" id="z3363962ef2ff4d2e89814f5d41f8d466" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 3.</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-weight: bold;">Exhibits</div>
                        </td>
                      </tr>

                  </table>
                  <div>&#160;</div>
                  <div>The following exhibits are being filed or furnished as part of this Quarterly Report on Form 10-Q:</div>
                  <div>&#160;</div>
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                      <tr>
                        <td style="width: 9.24%; vertical-align: bottom; border-bottom: #000000 2px solid;">
                          <div style="text-align: justify; font-weight: bold;">Exhibit</div>
                          <div style="text-align: justify; font-weight: bold;">Number</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: bottom; white-space: nowrap;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-align: justify; font-weight: bold;">Description</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 0.74%; vertical-align: middle;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="text-align: justify;">31.1*</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top; background-color: rgb(204, 238, 255);">
                          <div style="text-align: justify;">Certification of Principal Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of
                            2002</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 0.74%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="text-align: justify;">31.2*</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top; background-color: rgb(204, 238, 255);">
                          <div style="text-align: justify;">Certification of Principal Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of
                            2002</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 0.74%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="text-align: justify;">32.1&#8224;</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top; background-color: rgb(204, 238, 255);">
                          <div style="text-align: justify;">Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 0.74%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="text-align: justify;">32.2&#8224;</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top; background-color: rgb(204, 238, 255);">
                          <div style="text-align: justify;">Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 0.74%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="text-align: justify;">101</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top; background-color: rgb(204, 238, 255);">
                          <div style="text-align: justify;">The following materials from the Quarterly Report on Form 10-Q of Advent Technologies Holdings, Inc. formatted in Inline XBRL:</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 0.74%; vertical-align: top; white-space: nowrap;">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 9.24%; vertical-align: top; background-color: rgb(204, 238, 255); white-space: nowrap;">
                          <div style="text-align: justify;">104</div>
                        </td>
                        <td style="width: 0.74%; vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
                        <td style="width: 90.02%; vertical-align: top; background-color: rgb(204, 238, 255);">
                          <div style="text-align: justify;">The cover page from the Quarterly Report on Form 10-Q of Advent Technologies Holdings, Inc. for the quarter ended September 30, 2021 formatted in Inline XBRL and included as Exhibit 101</div>
                        </td>
                      </tr>

                  </table>
                  <div> <br>
                  </div>
                  <table cellspacing="0" cellpadding="0" id="z9b892b191ac54284b26e941cbed3369a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

                      <tr>
                        <td style="width: 36pt; vertical-align: top;">*</td>
                        <td style="width: auto; vertical-align: top;">
                          <div>Filed herewith</div>
                        </td>
                      </tr>

                  </table>
                  <div> <br>
                  </div>
                  <div>
                    <div>
                      <table cellspacing="0" cellpadding="0" id="zbda539bacc564c8e85e2e64ec86b4a06" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

                          <tr style="vertical-align: top;">
                            <td style="vertical-align: top; width: 36pt;">
                              <div>&#8224;</div>
                            </td>
                            <td style="align: left; vertical-align: top; width: auto;">
                              <div>This certification will not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference
                                into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent specifically incorporated by reference into such filing.</div>
                            </td>
                          </tr>

                      </table>
                    </div>
                  </div>
                  <div> <br>
                  </div>
                  <div class="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">50</font></div>
                    <div class="DSPFPageBreak" style="page-break-after:always;">
                      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
                    <div class="DSPFPageHeader" style="width: 100%;">
                      <div><a href="#TableofContents"><font style="font-size: 8pt;"> <font style="font-style: italic;">Table of Contents</font></font></a><br>
                      </div>
                    </div>
                  </div>
                  <div style="text-align: center; font-weight: bold;"><a name="SIGNATURES"><!--Anchor--></a>SIGNATURES</div>
                  <div><br>
                  </div>
                  <div style="text-align: justify;">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 thereunto duly authorized.</div>
                  <div><br>
                  </div>
                  <table cellspacing="0" cellpadding="0" border="0" id="z0ac049bad884470fb4a00c37bf3e930d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                      <tr>
                        <td style="width: 50%; vertical-align: middle;">
                          <div style="text-align: justify;">Date: November 15, 2021</div>
                        </td>
                        <td colspan="2" style="vertical-align: top;">
                          <div style="text-align: justify;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 50%; vertical-align: middle;">&#160;</td>
                        <td colspan="2" style="vertical-align: top;">&#160;</td>
                      </tr>
                      <tr>
                        <td style="width: 50%; vertical-align: top;">&#160;</td>
                        <td style="width: 3%; vertical-align: top;">
                          <div style="text-align: justify;">By:</div>
                        </td>
                        <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                          <div style="text-align: justify;">/s/ Kevin Brackman</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 50%; vertical-align: top;">&#160;</td>
                        <td style="width: 3%; vertical-align: top;">&#160;</td>
                        <td style="width: 47%; vertical-align: bottom;">
                          <div style="text-align: justify;">Kevin Brackman</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 50%; vertical-align: top;">&#160;</td>
                        <td style="width: 3%; vertical-align: top;">&#160;</td>
                        <td style="width: 47%; vertical-align: bottom;">
                          <div style="text-align: justify;">Chief Financial Officer</div>
                        </td>
                      </tr>
                      <tr>
                        <td style="width: 50%; vertical-align: top;">&#160;</td>
                        <td style="width: 3%; vertical-align: top;">&#160;</td>
                        <td style="width: 47%; vertical-align: bottom;">
                          <div style="text-align: justify;">(Authorized Officer; Principal Financial and Accounting Officer)</div>
                        </td>
                      </tr>

                  </table>
                  <div><br>
                  </div>
                  <div><br>
                  </div>
                  <div>
                    <div class="DSPFPageNumberArea" style="text-align: center;"><font class="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">51</font></div>
                  </div>
                </div>
                <div> </div>
              </div>
            </div>
          </div>
          <div style="font-family: 'Times New Roman';">
            <hr align="center" noshade="noshade" style="border: currentColor; border-image: none; height: 2px; text-align: center; color: rgb(0, 0, 0); margin-right: auto; margin-left: auto; background-color: rgb(0, 0, 0);">
            <div> <br>
            </div>
            <div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">UNITED STATES</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Washington, D.C. 20549</div>
              <div><br>
              </div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">AMENDMENT NO. 2</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">FORM 8-K/A</div>
              <div><br>
              </div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">CURRENT REPORT</div>
              <div><br>
              </div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SECURITIES EXCHANGE ACT OF 1934</div>
              <div><br>
              </div>
              <div style="text-align: center; color: rgb(0, 0, 0);">Date of Report (Date of earliest event reported): November 15, 2021</div>
              <div><br>
              </div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
              <div style="text-align: center; color: rgb(0, 0, 0);">(Exact name of registrant as specified in its charter)</div>
              <div><br>
              </div>
              <table cellspacing="0" cellpadding="0" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; border-collapse: collapse;">

                  <tr>
                    <td style="width: 32.01%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Delaware</div>
                    </td>
                    <td style="width: 2%; padding-bottom: 2px; vertical-align: top;">&#160;</td>
                    <td style="width: 32%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">001-38742</div>
                    </td>
                    <td style="width: 2%; padding-bottom: 2px; vertical-align: top;">&#160;</td>
                    <td style="width: 32%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">83-0982969</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 32.01%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0);">(State or other jurisdiction of incorporation)</div>
                    </td>
                    <td style="width: 2%; vertical-align: top;">&#160;</td>
                    <td style="width: 32%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0);">(Commission File Number)</div>
                    </td>
                    <td style="width: 2%; vertical-align: top;">&#160;</td>
                    <td style="width: 32%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0);">(IRS Employer Identification No.)</div>
                    </td>
                  </tr>

              </table>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">200 Clarendon Street</div>
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Boston, MA 02116</div>
              <div style="text-align: center; color: rgb(0, 0, 0);">(Address of principal executive offices, including zip code)</div>
              <div><br>
              </div>
              <div style="text-align: center; color: rgb(0, 0, 0);">Registrant&#8217;s telephone number, including area code: <font style="font-weight: bold;">(617) 655-6000</font></div>
              <div><br>
              </div>
              <div style="text-align: justify; color: rgb(0, 0, 0); text-indent: 36pt;">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:</div>
              <div><br>
              </div>
              <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">

                  <tr>
                    <td style="width: 27pt; color: rgb(0, 0, 0); vertical-align: top;">&#9744;</td>
                    <td style="width: auto; text-align: justify; vertical-align: top;">
                      <div style="color: rgb(0, 0, 0);">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
                    </td>
                  </tr>

              </table>
              <div>
                <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

                    <tr style="vertical-align: top;">
                      <td style="width: 27pt; vertical-align: top;">
                        <div style="text-align: left;"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#9744;</font></div>
                      </td>
                      <td style="width: auto; vertical-align: top; align: left;">
                        <div style="text-align: left;"><font style="color: rgb(0, 0, 0); font-family: 'Times New Roman';">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
                      </td>
                    </tr>

                </table>
              </div>
              <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">

                  <tr>
                    <td style="width: 27pt; color: rgb(0, 0, 0); vertical-align: top;">&#9744;</td>
                    <td style="width: auto; vertical-align: top;">
                      <div style="color: rgb(0, 0, 0);">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
                    </td>
                  </tr>

              </table>
              <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">

                  <tr>
                    <td style="width: 27pt; color: rgb(0, 0, 0); vertical-align: top;">&#9744;</td>
                    <td style="width: auto; vertical-align: top;">
                      <div style="color: rgb(0, 0, 0);">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:</div>
                    </td>
                  </tr>

              </table>
              <div><br>
              </div>
              <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; border-collapse: collapse;">

                  <tr>
                    <td style="width: 42.13%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Title of each class</div>
                    </td>
                    <td style="width: 1%; padding-bottom: 2px; vertical-align: bottom;">&#160;</td>
                    <td style="width: 25.12%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Trading Symbol(s)</div>
                    </td>
                    <td style="width: 0.98%; padding-bottom: 2px; vertical-align: bottom;">&#160;</td>
                    <td style="width: 31.44%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Name of each exchange on which registered</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 42.13%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Common Stock, par value $0.0001 per share</div>
                    </td>
                    <td style="width: 1%; vertical-align: top;">&#160;</td>
                    <td style="width: 25.12%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ADN</div>
                    </td>
                    <td style="width: 0.98%; vertical-align: top;">&#160;</td>
                    <td style="width: 31.44%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">The Nasdaq Stock Market LLC</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 42.13%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Warrants to purchase one share of common stock, each at an exercise price of $11.50</div>
                    </td>
                    <td style="width: 1%; vertical-align: top;">&#160;</td>
                    <td style="width: 25.12%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ADNWW</div>
                    </td>
                    <td style="width: 0.98%; vertical-align: top;">&#160;</td>
                    <td style="width: 31.44%; vertical-align: top;">
                      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">The Nasdaq Stock Market LLC</div>
                    </td>
                  </tr>

              </table>
              <div><br>
              </div>
              <div style="text-align: justify; color: rgb(0, 0, 0);">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter)
                or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
              <div style="text-align: right; color: rgb(0, 0, 0); text-indent: 36pt;">Emerging growth company &#9746;</div>
              <div><br>
              </div>
              <div style="text-align: justify; color: rgb(0, 0, 0);">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. &#9744;</div>
              <div style="text-align: justify; color: rgb(0, 0, 0);"><br>
              </div>
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              </div>
              <div>
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Introductory Note</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">This Amendment No. 2 to Form 8-K (&#8220;<u>Amendment No. 2</u>&#8221;) amends Amendment No. 1 to Form 8-K filed by Advent Technologies Holdings, Inc. on September 17, 2021 (&#8220;<u>Amendment
                    No. 1</u>&#8221;), which amended and restated the Form 8-K filed on September 1, 2021 (the &#8220;<u>Original Report</u>&#8221;).&#160; This Amendment No. 2 is being filed to provide the status of filing the financial statements of the Target Companies (as
                  defined below) as required by Item 9.01 of Form 8-K.&#160; This Amendment No. 2 amends Item 2.01 and includes additional information under Item 8.01.&#160; Other than as set forth in this Introductory Note, no changes have been made to Amendment
                  No. 1.</div>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">

                    <tr>
                      <td style="width: 45pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: top;">Item 2.01</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Financial Statements and Exhibits.</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">As previously reported in the Original Report, effective at 6:00 p.m. eastern time on August 31, 2021 (the &#8220;<u>Closing Date</u>&#8221;), pursuant to the previously announced Share
                  Purchase Agreement (the &#8220;<u>Purchase Agreement</u>&#8221;), dated as of June 25, 2021, by and between Advent Technologies Holdings, Inc. (the &#8220;<u>Company</u>&#8221; or the &#8220;<u>Buyer</u>&#8221;) and F.E.R. fischer Edelstahlrohre GmbH, a limited liability
                  company incorporated under the Laws of Germany (the &#8220;<u>Seller</u>&#8221;), the Company acquired (the &#8220;<u>Acquisition</u>&#8221;) all of the issued and outstanding equity interests in SerEnergy A/S, a Danish stock corporation and a wholly-owned
                  subsidiary of the Seller (&#8220;<u>SerEnergy</u>&#8221;) and fischer eco solutions GmbH, a German limited liability company and a wholly-owned subsidiary of the Seller (&#8220;<u>FES</u>&#8221; and together with SerEnergy, the &#8220;<u>Target Companies</u>&#8221;),
                  together with certain outstanding shareholder loan receivables.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">As consideration for the transactions contemplated by the Purchase Agreement, on the Closing Date, the Company paid to the Seller &#8364;15,000,000 in cash and on August 30, 2021,
                  the Company issued to the Seller 5,124,846 shares of common stock, par value $0.0001 per share, of the Company (&#8220;<u>Common Stock</u>&#8221;). For further information regarding the terms of the Purchase Agreement, see the description contained
                  in Item 1.01 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the &#8220;<u>SEC</u>&#8221;) on June 25, 2021.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">The Company intends to file a resale shelf registration statement on Form S-1 to register for resale under the Securities Act of 1933, as amended, the shares of Common Stock
                  issued to the Seller in connection with the Acquisition.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full copy of the Purchase Agreement
                  filed as Exhibit 2.1 hereto and incorporated herein by reference. The summary is not intended to modify or supplement any factual disclosures about the Company in its public reports filed with the SEC. The terms of the Purchase Agreement
                  govern the contractual rights and relationships between, and allocate risks among, the parties thereto in relation to the transactions contemplated thereby. In particular, the representations and warranties made by the parties to each
                  other in the Purchase Agreement reflect negotiations between, and are solely for the benefit of, the parties thereto and may be limited or modified by a variety of factors, including subsequent events, information included in public
                  filings, disclosures made during negotiations among the parties, correspondence between the parties and disclosure schedules to the Purchase Agreement. Accordingly, such representations and warranties may not describe the actual state of
                  affairs at the date they were made or at any other time and should not be relied upon as statements of fact.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">As previously reported on Amendment No. 1, we are required to file an amendment to our Current Report on Form 8-K which we filed with the SEC on September 1, 2021 reporting
                  the completion of our acquisition of the Target Companies, to provide the audited financial statements of the Target Companies and the pro forma financial information specified by Item 9.01 of Form 8-K, no later than 71 calendar days
                  after the date that the Original Report on Form 8-K was required to be filed with the SEC (i.e., by November 15, 2021).&#160; We are required to file audited financial statements of each of SerEnergy and FES for the years ended December 31,
                  2020 and 2019 and unaudited interim financial statements for the six month periods ended June 30, 2021 and 2020.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">Based on our current assessment of the status of the preparation of such financial statements, we have determined that we are not able to file the required financial
                  statements and financial information by the aforementioned due date.&#160;&#160; In connection with the preparation of audited financial statements of the Target Companies, the Company has determined that the SerEnergy financial statements need to
                  be reconciled from Danish GAAP to U.S. GAAP, and the FES financial statements, in addition to requiring an audit of the German GAAP financial statements, need to be reconciled from German GAAP to U.S. GAAP, with the reconciliation to U.S.
                  GAAP for each entity also requiring an audit.&#160; Lastly, as the Target Companies had not previously prepared interim financial statements, those are in process of being prepared as well.&#160; Based on our understanding of the progress of the
                  preparation of the audited financial statements of the Target Companies, we currently believe that our receipt of the audited financial statements and their filing with the SEC along with the pro forma financial information as required by
                  Item 9.01 of Form 8-K, will occur within the next four to six weeks.</div>
                <div style="color: rgb(0, 0, 0);"><br>
                </div>
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                </div>
                <div style="color: rgb(0, 0, 0);">We cannot assure you, however, that this projection of the timing of that filing, a forward-looking statement within the meaning of the Private Securities Litigation Reform
                  Act of 1995, will actually occur or that we will be able to file the requisite financial statements and financial information in a matter of days, weeks or months. Issues of which we are presently unaware may be raised requiring further
                  investigation, examination, reconstruction or reconciliation of financial records of the Target Companies or other matters or circumstances may arise that, under generally accepted audited standards, require additional consideration or
                  revised disclosure before the auditing firm is in a position to deliver its audit report on the financial statements of the Target Companies. These matters or circumstances, or others, which will not be known except through the passage of
                  time, would delay our filing of the required financial statements and information.</div>
                <div><br>
                </div>
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                    <tr>
                      <td style="width: 45pt; color: rgb(0, 0, 0); font-weight: bold; vertical-align: top;">Item 8.01</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">Other Events.</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">The information contained in Item 2.01 is hereby incorporated into this Item 8.01.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0); font-style: italic;">You should carefully consider and evaluate all of the information in this Report in combination with the more detailed description of our business, the
                  acquisition and the risks associated with it in in our Quarterly Report on Form 10-Q for the Quarter ended September 30, 2021, which we filed with the SEC on November 15, 2021. As a result of our inability to file an amendment to our
                  Current Report on Form 8-K providing audited financial statements of the Target Companies and the pro forma financial information specified by Item 9.01 of Form 8-K by the requisite due date, there has been a material change in our Risk
                  Factors, as set forth below:</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">As we were unable to file an Amendment to our Form 8-K reporting the completion of our acquisition of SerEnergy and FES containing their audited
                  consolidated financial statements and the Pro Forma Financial Information required by Item 9.01 of Form 8-K by the required due date, we are no longer in compliance with our reporting obligations under the Exchange Act of 1933, as amended
                  (the &#8220;Exchange Act&#8221;).</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">On September 1, 2021, within the period required by SEC rules, we filed with the SEC a Current Report on Form 8-K reporting the completion of our acquisition of SerEnergy and
                  FES on August 31, 2021.&#160; Under Item 9.01 of Form 8-K, we were required to include the audited consolidated financial statements for each of SerEnergy and FES and pro forma financial information in the form and for the periods specified in
                  Regulation S-X, the SEC&#8217;s regulation containing the rules governing the form and content of financial statements for public companies, in an amendment to that Form 8-K that was due by November 15, 2021 (71 days after the date that our
                  initial Report on Form 8-K must be filed as a result of our acquisition of the Target Companies).</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">Our inability to obtain such information by the November 15, 2021 deadline has resulted in noncompliance with our reporting obligations under the Exchange Act. Such
                  noncompliance, in turn:</div>
                <div><br>
                </div>
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                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; color: rgb(0, 0, 0); vertical-align: top;">&#8226;</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">has, in the absence of a waiver from the SEC, rendered us ineligible for 12 months to use the SEC&#8217;s short-form registration statement on Form S-3 to register the issuance of our securities for any
                          capital raising activities;</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">

                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; color: rgb(0, 0, 0); vertical-align: top;">&#8226;</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">will make, in the absence of a waiver from the SEC, during the period that we are ineligible to use S-3, our existing S-1 registration statements more expensive and time consuming to maintain; and</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
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                    <tr>
                      <td style="width: 18pt;"><br>
                      </td>
                      <td style="width: 18pt; color: rgb(0, 0, 0); vertical-align: top;">&#8226;</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">could, depending on when the financial statements of the Target Companies become available and we file them along with other required financial information regarding our acquisition of the Target
                          Companies, have other material and adverse consequences that are summarized below.</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">Until the date on which the audited financial statements and the pro forma financial information specified by Item 9.01 of Form 8-K are filed with the SEC, no new
                  registration statement that we file with the SEC seeking to register our securities for issuance, sale or resale, including for capital raising transactions, additional acquisitions or for our employee benefit programs, will be declared
                  effective by the SEC and thus our capital raising activities and ability to provide new equity incentives to our employees will be substantially curtailed during that period.</div>
                <div><br>
                </div>
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                </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Our failure to comply may lead to the delisting of our Common Stock and Warrants from the NASDAQ Capital Market and/or cause us other adverse consequences.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">At some point until we file the audited financial statements of the Target Companies and the pro forma financial information relating to our acquisition of the Target
                  Companies, we expect to receive a notification of deficiency from Nasdaq indicating that we are not in compliance with the Nasdaq continued listing requirements set forth in Rule 5250(c)(1) because of our failure to timely comply with
                  Item 9.01 of Form 8-K. Upon receipt of such notification, we will be required under the rules of the Nasdaq Stock Market to issue a press release and file with the SEC a Current Report on Form 8-K pursuant to Item 3.01 reporting such
                  notification.&#160;&#160; In connection with the failure to timely file pursuant to Rule 5250(c)(1), the Nasdaq notice will provide the Company with 60 calendar days to submit a plan to regain compliance with the listing standard. Nasdaq may extend
                  this deadline for up to an additional 15 calendar days upon good cause shown and may request such additional information from the Company as is necessary to make a determination regarding whether to grant such an extension.&#160; The maximum
                  additional time provided by all exceptions granted by Nasdaq for a filing deficiency is 180 calendar days from the due date of the first late periodic report (as extended by Rule 12b-25 under the Act, if applicable). In determining
                  whether to grant an exception, and the length of any such exception, Nasdaq will consider, and the Company should address in its plan of compliance, the Company's specific circumstances, including the likelihood that the filing can be
                  made within the exception period, the Company's past compliance history, the reasons for the late filing, corporate events that may occur within the exception period, the Company's general financial status, and the Company's disclosures
                  to the market. This review will be based on information provided by a variety of sources, which may include the Company, its audit committee, its outside auditors, the staff of the SEC and any other regulatory body.</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);">Although we intend to file the audited financial statements and pro forma financial information within four to six weeks, we may not be able to convince Nasdaq to allow the
                  continued listing of our Common Stock and Warrants until we are able to satisfy our reporting obligations under the Exchange Act by filing the requisite financial statements and pro forma financial information and thus the listing of our
                  Common Stock and Warrants on Nasdaq may be terminated for such noncompliance. If our Common Stock and Warrants are delisted from Nasdaq, public trading, if any, in our Common Stock and Warrants would be limited to the over-the-counter
                  market. Consequently, the liquidity of our Common Stock and Warrants could be impaired and the ability of holders to sell our securities could be adversely affected as would our ability to raise additional capital. Even if we thereafter
                  obtain the requisite financial statements of the Target Companies, we may not be able to satisfy Nasdaq&#8217;s initial listing requirements necessary to relist our securities on Nasdaq or to satisfy the initial listing criteria to list our
                  securities on any other securities exchange and thus may not be able to re-establish an active trading market for our securities promptly.</div>
                <div style="color: rgb(0, 0, 0);"><br>
                </div>
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                </div>
                <div style="color: rgb(0, 0, 0); font-weight: bold;">Cautionary Note Regarding Forward-Looking Statements</div>
                <div><br>
                </div>
                <div style="color: rgb(0, 0, 0);"><font style="font-style: italic;">This Current Report on Form 8-K includes forward-looking statements. These forward-looking statements generally can be identified by the use
                    of words such as &#8220;anticipate,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;could,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;goal,&#8221; &#8220;project,&#8221; and other words of similar meaning. These forward-looking statements address various matters
                    including the Company&#8217;s plans and expectations with respect to the acquisition, the anticipated benefits of the acquisition and the anticipated schedule on when required financial statements will be filed with the SEC. Each
                    forward-looking statement contained in this Current Report on Form 8-K is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Risks and uncertainties
                    include, among other things, risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that the expected benefits from the proposed acquisition will not be realized or will not be
                    realized within the expected time period; the risk that the business will not be integrated successfully; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of
                    this announcement or the consummation of the acquisition on the market price of Advent&#8217;s common stock and on Advent&#8217;s operating results; significant transactions costs; unknown liabilities; the risk of litigation and/or regulatory
                    actions related to the acquisition; risks related to the inability to file the requisite financial statements of the Target Companies as required by Form 8-K; risks related to failure to comply with Nasdaq listing rules, including risk
                    of the delisting of our securities;</font>&#160;<font style="font-style: italic;">and risks of which we are presently unaware that may be raised requiring further investigation, examination, reconstruction or reconciliation of financial
                    records of the Target Companies or other matters or circumstances that may arise that under generally accepted audited standards require additional consideration or revised disclosure before the auditing firm is in a position to deliver
                    its audit report on the financial statements of the Target Companies. A further description of risks and uncertainties including, among others, the Company&#8217;s ability to realize the benefits from the business combination; the Company&#8217;s
                    ability to maintain the listing of the Company&#8217;s common stock on Nasdaq; future financial performance; public securities&#8217; potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast
                    and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors,
                    officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our
                    technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company&#8217;s
                    business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and other risks
                    identified under the heading &#8220;Risk Factors&#8221; are set forth in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC, including filings on
                    Current Reports on Form 8-K. We caution investors not to place considerable reliance on the forward-looking statements contained in this Current Report on Form 8-K. You are encouraged to read our filings with the SEC, available at
                    www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this Current Report on Form 8-K speak only as of the date of this document, and we undertake no obligation to update or revise
                    any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.</font></div>
                <div style="color: rgb(0, 0, 0);"><font style="font-style: italic;"><br>
                  </font></div>
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                </div>
                <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SIGNATURE</div>
                <div><br>
                </div>
                <div style="text-align: justify; color: rgb(0, 0, 0); text-indent: 36pt;">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.</div>
                <div><br>
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                    <tr>
                      <td style="width: 49.76%; vertical-align: top;">&#160;</td>
                      <td style="vertical-align: top;" colspan="3">
                        <div style="color: rgb(0, 0, 0); font-weight: bold;">ADVENT TECHNOLOGIES HOLDINGS, INC.</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.76%; vertical-align: top;">&#160;</td>
                      <td style="vertical-align: top;" colspan="3">&#160;</td>
                    </tr>
                    <tr>
                      <td style="width: 49.76%; padding-bottom: 2px; vertical-align: top;">&#160;</td>
                      <td style="width: 3%; padding-bottom: 2px; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">By:</div>
                      </td>
                      <td style="vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;" colspan="2">
                        <div style="color: rgb(0, 0, 0);">/s/ Kevin Brackman</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.76%; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">Dated: November 15, 2021</div>
                      </td>
                      <td style="width: 3%; vertical-align: top;">&#160;</td>
                      <td style="width: 5%; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">Name:</div>
                      </td>
                      <td style="width: 42%; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">&#160;Kevin Brackman</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 49.76%; vertical-align: top;">&#160;</td>
                      <td style="width: 3%; vertical-align: top;">&#160;</td>
                      <td style="width: 5%; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">Title:</div>
                      </td>
                      <td style="width: 42%; vertical-align: top;">
                        <div style="color: rgb(0, 0, 0);">Chief Financial Officer</div>
                      </td>
                    </tr>

                </table>
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                </div>
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