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RESTATEMENT FOR NINE MONTHS ENDED (TABLE)

9 Months Ended

Sep. 30, 2015

consolidated financial statements as of September 30, 2015 and for the nine months then ended. The adjustments were as follows:

	As Previously						As
Balance Sheet Amounts	Reported			Restatement			restated
September 30, 2015
Accounts receivable, net of allowance	$	11,779,405		$	(3,759,533	)	$	8,019,872
Total current assets		39,857,891			(3,759,533	)		36,098,358
Total assets		112,683,073			8,401,413			121,084,486
Deferred revenue		-			2,431,114			2,431,114
Total liabilities		25,869,225			(2,431,114	)		28,300,339
Retained earnings		46,610,873			6,422,928			40,187,945
Accumulated other comprehensive income - foreign
currency translation adjustment		16,569,191			(232,281	)		16,801,472
Total stockholders' equity		86,813,848			6,190,647			80,623,201
Total liabilities and stockholders' equity	$	112,683,073		$	3,759,533		$	108,923,540

Statement of Operations and	As Previously						As
Comprehensive Income Amounts	Reported			Restatement			restated
For the nine months ended September 30, 2015
Bad debt expense	$	13,125,809		$	(7,080,457	)	$	6,045,352
Total operating expenses		18,339,345			(7,080,457	)		11,258,888
Loss from operations		(15,358,362	)		7,080,457			(8,277,905	)
Loss before income taxes		(16,180,410	)		7,080,457			(9,099,953	)
Net loss		(16,238,028	)		7,080,457			(9,157,571	)
Other comprehensive income - foreign
currency translation adjustment		(3,201,969	)		242,621			(2,959,348	)
Basic and diluted loss per share	$	(0.37	)		0.16		$	(0.21	)


	As Previously						As
Statement of Cash Flows Amounts	Reported			Restatement			restated
For the nine months ended September 30, 2015
Net loss	$	(16,238,028	)		7,080,457		$	(9,157,571	)
Bad debt expense		13,125,809			(7,080,457	)		6,045,352