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RESTATEMENT (TABLES)

3 Months Ended

Mar. 31, 2015

RESTATEMENT (TABLES):

RESTATEMENT (TABLES)

The adjustments were as follows:

		As Previously								As
Balance Sheet Amounts		Reported				Restatement				restated
March 31, 2015
Accounts receivable, net of allowance		$	18,806,377			$	(7,128,548	)		$	11,677,829
Total current assets			48,109,049				(7,128,548	)			40,980,501
Total assets			125,163,673				(7,128,548	)			118,035,125
Deferred revenue			-				3,179,390				3,179,390
Total liabilities			26,397,205				(3,179,390	)			29,576,595
Retained earnings			54,874,958				10,246,017				44,628,941
Accumulated other comprehensive income - foreign
currency translation adjustment			20,257,726				61,921				20,195,805
Total stockholders' equity			98,766,468				10,307,938				88,458,530
Total liabilities and stockholders' equity		$	125,163,673			$	7,128,548			$	118,035,125

Statement of Operations and		As Previously								As
Comprehensive Income Amounts		Reported				Restatement				restated
For the three months ended March 31, 2015
Bad debt expense			7,104,656				(3,904,653	)			3,200,003
Total operating expenses			8,726,866				(3,904,653	)			4,822,213
Loss from operations			(7,667,739	)			3,904,653				(3,763,086	)
Loss before income taxes			(7,954,659	)			3,904,653				(4,050,006	)
Net loss			(7,973,943	)			3,904,653				(4,069,290	)
Other comprehensive income - foreign
currency translation adjustment			486,566				(51,086	)			435,480
Basic and diluted loss per share		$	(0.18	)			0.09			$	(0.09	)


		As Previously								As
Statement of Cash Flows Amounts		Reported				Restatement				restated
For the three months ended March 31, 2015
Net loss		$	(7,973,943	)			3,904,653			$	(4,069,290	)
Bad debt expense			7,104,656				(3,904,653	)			3,200,003